Retail news

• Lampert gets another chance to save Sears

  08-01-2019 22:07 via ft.com
  Bankrupt retailer’s billionaire backer will be allowed to bid for its assets
  
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• Sainsbury’s-Asda deal could help Morrisons out of a tight spot

  08-01-2019 21:08 via ft.com
  Grocer’s market share dips but prospect of rivals’ store sales offers opportunity
  
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• It's not Brexit Britain most likely to suffer recession. It's Germany

  08-01-2019 19:27
  If Europe’s biggest economy bumps into a slump then UK bargaining power may changeTake Europe’s three biggest economies and list them in order of the likelihood of being in recession in the second half of 2018. Chances are Brexit-bound Britain would come first followed by France after its gilets jaunes protests. Germany would come last.In fact, it is the eurozone’s locomotive economy that is at biggest risk of fulfilling the technical definition of recession – two consecu
  
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• It's not Brexit Britain most likely to have a recession. It's Germany

  08-01-2019 19:27
  If Europe’s biggest economy bumps into a slump then UK bargaining power may changeTake Europe’s three biggest economies and list them in order of the likelihood of being in recession in the second half of 2018. Chances are Brexit-bound Britain would come first followed by France after its gilets jaunes protests. Germany would come last.In fact, it is the eurozone’s locomotive economy that is at biggest risk of fulfilling the technical definition of recession – two consecu
  
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• Clothing chain Joules defies retail gloom with strong Christmas sales

  08-01-2019 18:42
  Retailer of pink wellies posts sales growth of 11.7% as other high-street names struggleJoules, the clothing chain known for its bright floral prints and pink wellies, has become the latest retailer to defy the high-street gloom with strong Christmas figures.Results last week from Next and John Lewis indicated it was a poor but not disastrous festive season for retailers, as shoppers saved a burst of spending until a few days before 25 December or post-Christmas sales. Related: No end in sight t
  
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• Manchester United: reds bedevilled

  08-01-2019 18:38 via ft.com
  Football club needs goals more than visitor attractions
  
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• Sears liquidation looms after $4.4bn takeover deal faulters

  08-01-2019 18:16
  Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offerSears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert. Related: Laid-off Sears workers left with nothing – and they say wealthy bosses are to blameContinue reading...
  
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• Sears liquidation looms after $4.4bn takeover deal fails

  08-01-2019 18:16
  Assets to go up for auction on 14 January unless bankruptcy judge gives financier Edward Lampert more time to improve offerSears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert. Related: Laid-off Sears workers left with nothing – and they say wealthy bosses are to blameContinue reading...
  
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• Greggs’ vegan sausage roll shows appetite for its ‘smart’ marketing

  08-01-2019 16:55 via ft.com
  Video for UK bakery group’s new product receives more than 5m views
  
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• Greggs on a vegan roll as ‘smarter’ marketing pays off

  08-01-2019 16:55 via ft.com
  Launch video for bakery group’s non-meat sausage roll is viewed more than 5m times
  
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• Christmas sales: the winners and losers on the UK high street

  08-01-2019 14:49
  Demand for unicorns fuelled festive gains for Dunelm, but alarm bells sounded for HMVThe 2018 festive shopping season got underway with low expectations for the retail sector. Investors were braced for bad news after a string of warnings in the run-up to Christmas, including a declaration from Sports Direct boss Mike Ashley that November was the “worst on record” for retailers. Against a backdrop of rising rents, business rates, a shift to online shopping and diminishing consumer con
  
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• Morrisons shares hit despite Christmas sales growth

  08-01-2019 13:08 via ft.com
  Wholesale bolsters revenues at UK’s fourth-largest grocer
  
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• Two-thirds of UK shoppers visited Aldi or Lidl over Christmas

  08-01-2019 10:44
  Major supermarkets lose market share in festive period amid Brexit spending squeezeTwo-thirds of UK households visited a discounter over Christmas, handing Aldi and Lidl their biggest ever slice of spending as political uncertainty prompted shoppers to keep a tight hold on their wallets.All the major supermarkets lost market share in the 12 weeks to 30 December as Aldi’s sales jumped 10.4%, according to the latest data from Kantar Worldpanel, and Lidl’s by 9.4%. This took their combi
  
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• Footasylum expects full year EBITDA to be at lower end of analysts' expectations

  08-01-2019 09:37 via theretailbulletin.com
  Footasylum increased its total revenue by 14% to £102.3 million in the 18 weeks to 29 December but has warned that it expects full year EBITDA to be at the lower end of analysts’ forecasts.
  
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• Retailer Footasylum warns margin hit by ‘significant discounting’

  08-01-2019 09:33 via ft.com
  Sportswear store says short-term outlook ‘undeniably challenging’
  
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• Footasylum warns margin hit by ‘significant discounting’

  08-01-2019 09:33 via ft.com
  Sportswear chain points to ‘undeniably challenging’ short-term outlook
  
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• Plumbworld completes MBO

  08-01-2019 09:10 via theretailbulletin.com
  Online Home Retail, the online bathroom products retailer trading as Plumbworld, has completed a successful MBO.
  
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• Morrisons reports fourth consecutive Christmas of growth

  08-01-2019 09:10 via theretailbulletin.com
  The Morrisons supermarket chain’s like-for-like sales rose by 3.6% excluding fuel in the nine weeks to 6 January to mark the fourth consecutive Christmas of like-for-like sales growth for the retailer.
  
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• Joules posts 11.7% Christmas sales uplift

  08-01-2019 09:10 via theretailbulletin.com
  Lifestyle fashion brand Joules saw its retail sales climb by 11.7% year-on-year in the seven weeks to 6 January as it experienced growth across all of its product categories.
  
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• Supermarket Morrisons reports fourth Christmas of sales growth

  08-01-2019 08:23 via ft.com
  Upbeat holiday season report follows strong figures from discount grocer Aldi
  
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• 'The way the EU treated the UK opened my eyes': Bolsover's Brexit

  08-01-2019 07:00
  The Derbyshire town, Dennis Skinner’s constituency, voted to leave by over 70% – and has had no change of heartWalking into the debating hall at a school in Bolsover during the EU referendum campaign, Kate Godfrey couldn’t quite believe her eyes. On the front row, ahead of the sixth-formers she had come to address in her role as east Midlands field manager for Britain Stronger in Europe, were five teachers wearing green ties advertising the Grassroots Out campaign.“We los
  
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• Seafood suppliers must tackle slavery risk, say campaigners

  08-01-2019 06:01 via ft.com
  Companies look to new tools and technologies to help reduce potential for industrial abuse
  
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