Retail news

• Is fast fashion giving way to the sustainable wardrobe?

  29-12-2018 17:00
  Throwaway garments contribute more to climate change than air and sea travel. Now clothing retailers are bracing for a backlashFashion shoppers spent about £3.5bn on Christmas party clothing this year – but 8 million of those sparkly items will be on their way to landfill after just one wear.So-called fast fashion has ushered throwaway culture into the clothing business, with items so cheap they have become single-use purchases. Continue reading...
  
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• HMV calls in administrators

  29-12-2018 12:02 via theretailbulletin.com
  Entertainment retailer HMV has called in administrators following “extremely weak” Christmas sales. The move has put 2,200 jobs at risk.
  
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• Lampert launches last-minute $4.4bn bid for Sears

  29-12-2018 03:50 via ft.com
  Chairman’s hedge fund affiliate says will keep 425 stores open at bankrupt US retailer
  
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• Britons buy record 164m bottles of sparkling wine in 2018

  29-12-2018 01:01
  Sales of champagne and other sparkling wines are at £2.2bn so far this yearBritons bought a record 164m bottles of champagne and sparkling wine this year – and roughly one-quarter of them will have been drunk on Christmas Day or will be enjoyed on New Year’s Eve.Sales of champagne and other sparkling wines, including an increasing number grown on vines in the south of England, are at £2.2bn so far this year. Continue reading...
  
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• HMV collapses into administration, putting 2,200 jobs at risk

  29-12-2018 00:58
  Its 125 UK stores will remain open while talks with suppliers and potential buyers continueHMV has become the first casualty of a slump in Christmas trade on the high street, collapsing into administration for the second time in six years and putting more than 2,200 jobs at risk.The music and film retailer – which accounts for nearly a third of all physical music sales in the UK and nearly a quarter of all DVD sales – appointed insolvency experts from the accountancy firm KPMG as joi
  
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