Retail news

• IWG backer looks more casual than smart after WeWork revaluation

  09-01-2019 20:49 via ft.com
  Timing of Toscafund’s stake building might raise eyebrows in some City offices
  
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• Hardy Amies fashion house falls into administration

  09-01-2019 20:22
  Former dressmaker to the Queen has called in administrators for second time in a decadeThe luxury fashion house Hardy Amies has collapsed into administration for the second time in just over a decade.Founded 73 years ago on Savile Row by a former dressmaker to the Queen, the renowned men’s tailor has called in administrators who are seeking buyers for the brands’ UK operations and intellectual property rights. Continue reading...
  
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• Amazon confirms it pays UK business rates of only £63.4m

  09-01-2019 19:48
  Figure, in written evidence to parliamentary inquiry, is almost £40m less than NextAmazon has confirmed it pays UK business rates of only £63.4m, almost £40m less than Next, despite clocking up more than double the sales in the UK of the clothing and home retailer.In written evidence to a parliamentary inquiry, the online specialist said its UK sales amounted to £8.77bn and it paid business rates on about 94 buildings and on a number of locker sites in the UK. Related: Am
  
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• Sainsbury's Christmas sales hit by struggles at Argos

  09-01-2019 19:15
  Trading suffers after decision to hold off from heavy discounting on Black FridayA fall in sales of toys and electrical goods at Argos after a cutback on Black Friday discounts dragged down trading at Sainsbury’s over Christmas.Sales at established stores slid by 1.1% in the 15 weeks to 5 January, driven by a 2.3% drop in total sales of non-food household goods, mainly at Argos. There was also a small decline in clothing sales. Related: Christmas sales: the winners and losers on the UK hig
  
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• Steamer Trading bought out of administration by ProCook

  09-01-2019 18:04 via theretailbulletin.com
  Cookshop chain Steamer Trading has been bought out of administration by trade kitchenware retailer ProCook.
  
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• Greggs: Quorn star

  09-01-2019 17:22 via ft.com
  Comfort food is a comfort investment and the stock has hit an all-time high
  
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• Christmas trading signals widening high street divide

  09-01-2019 16:55 via ft.com
  Figures reflect split into those that have moved with the times and those who have not
  
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• Christmas trading signals a widening high street divide

  09-01-2019 16:55 via ft.com
  Figures reflect split into those that have moved with the times and those who have not
  
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• Garden Centre Plants Seeds of Success with EPOS Partnership

  09-01-2019 16:28 via theretailbulletin.com
  A leading Scottish EPOS supplier has been helping a family-run garden centre chain to bring its till systems up to date.
  
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• FatFace's sales improve after 'tough' early Christmas trading

  09-01-2019 16:01 via theretailbulletin.com
  Lifestyle clothing brand FatFace increased its total sales by 2% to £122 million in the 26 weeks to 1 December despite what it described as tough early Christmas trading
  
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• Ted Baker enjoys strong Christmas sales amid 'forced hugs' allegations

  09-01-2019 15:23
  Fashion brand’s sales rise 12.2% over festive period despite controversy surrounding its founderTed Baker has shrugged off concerns about a culture of “forced hugs” under its founder, Ray Kelvin, delivering strong sales growth over Christmas despite the revelations.Retail sales increased 12.2% in the five weeks to 5 January, after a 5% increase in retail space, as the fashion brand clocked up strong growth online. Related: Two-thirds of UK shoppers visited Aldi or Lidl over Chr
  
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• Ted Baker reports strong sales growth over Christmas period

  09-01-2019 14:49
  Fashion brand’s sales rise 12.2% amid ‘forced hug’ allegations against founderTed Baker has shrugged off concerns about a culture of “forced hugs” under its founder, Ray Kelvin, delivering strong sales growth over Christmas despite the revelations.Retail sales increased 12.2% in the five weeks to 5 January, after a 5% increase in retail space, as the fashion brand clocked up strong growth online. Related: Two-thirds of UK shoppers visited Aldi or Lidl over Christmas
  
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• Sainsbury’s: cart blench

  09-01-2019 14:37 via ft.com
  Asda deal matters far more than the retailer’s subdued Christmas trading figures
  
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• Sainsbury: cart blench

  09-01-2019 14:37 via ft.com
  Asda deal matters far more than the retailer’s subdued Christmas trading figures
  
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• Greggs struggles to keep up with demand for vegan sausage rolls

  09-01-2019 14:34
  Bakery chain ramps up production of new £1 offering, with shops ‘screaming for it’The new vegan sausage roll launched by Greggs is “flying off the shelves”, leaving Britain’s biggest bakery chain unable to keep up with demand after selling hundreds of thousands in the first week.The £1 rolls have been selling out rapidly, depleting the stocks held at Greggs’ factory in Newcastle, where they are made and frozen before being sent out to shops to bake
  
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• Q&A: Richard Potter, CEO at Peak and Omnichannel Futures Conference 2019 sponsor

  09-01-2019 12:42 via theretailbulletin.com
  Peak is an artificial intelligence (AI) firm on a mission to help its customers ‘do great things with data’, by providing them with the technology and skills needed to achieve success in today’s world.
  
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• Mothercare woes deepen after Christmas sales plunge

  09-01-2019 11:43
  Struggling chain blames ‘worrying’ fall in sales on tough consumer market and move to offer fewer discountsMothercare’s problems continued over the key festive trading period as the retailer blamed a sharp fall in sales on a tough consumer backdrop and its decision to offer fewer discounts than a year earlier.The struggling baby and maternity chain said sales at UK stores open for more than a year fell by 11.4% in the 13 weeks to 5 January, while online sales tumbled by 16.3%.M
  
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• Sainsbury's third quarter sales down 1.1%

  09-01-2019 10:20 via theretailbulletin.com
  Supermarket Sainsbury’s has reported a 1.1% decline in its third quarter like-for-like sales excluding fuel following a drop in sales of general merchandise and clothing.
  
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• Sainsbury's blames cautious shoppers for fall in Christmas sales

  09-01-2019 09:54
  Falling sales were driven by 2.3% drop in sales of non-food goods, mainly sold at ArgosSainsbury’s has blamed cautious shoppers and a cutback on Black Friday discounts at its Argos chain for a bigger-than-expected fall in sales over Christmas.Sales at established stores slid by 1.1% in the 15 weeks to 5 January, driven by a 2.3% drop in total sales of non-food household goods, mainly sold at Argos, and a 0.2% fall in clothing sales. Related: Two-thirds of UK shoppers visited Aldi or Lidl o
  
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• Ted Baker posts 12.2% uplift in Christmas sales

  09-01-2019 09:45 via theretailbulletin.com
  Fashion retailer Ted Baker increased its retail sales by 12.2% in the five weeks to 5 January following a good performance at its stores and online.
  
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• Mothercare UK like-for-likes down 11.4%

  09-01-2019 09:45 via theretailbulletin.com
  Mothercare has reported a 11.4% drop in its quarterly UK like-for-like sales as it works through its transformation plan.
  
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• Majestic enjoys strong festive sales

  09-01-2019 09:45 via theretailbulletin.com
  Majestic Wine increased both its group sales and gross margin over its Christmas trading period.
  
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• John Lewis sales up 11.2% in first full week of its clearance sale

  09-01-2019 09:42 via theretailbulletin.com
  Sales at the John Lewis department store chain rose by 11.2% year-on-year last week.
  
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• ToppsTiles sales down 1.4% in first quarter

  09-01-2019 09:34 via theretailbulletin.com
  Topps Tiles has said it put in a robust performance in its first quarter despite a 1.4% decline in like-for-like sales.
  
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• Topps Tiles sales down 1.4% in first quarter

  09-01-2019 09:34 via theretailbulletin.com
  Topps Tiles has said it put in a robust performance in its first quarter despite a 1.4% decline in like-for-like sales.
  
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• Shoe Zone hails successful year

  09-01-2019 09:32 via theretailbulletin.com
  Footwear retailer Shoe Zone has seen its full year pre-tax profit climb by 18.4% to £11.3 million despite challenging trading conditions.
  
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• Greggs unveils extra profit … and no, it wasn't the vegan sausage roll

  09-01-2019 09:25
  Bumper sales of festive cakes, hot drinks and breakfasts boost high street bakery chainGreggs has raised its profit guidance for the second time in two months, bucking the trend among high street retailers, and said its new vegan sausage roll was an early hit with customers in 2019.Britain’s biggest bakery chain said it enjoyed a strong finish to 2018, thanks to bumper sales of its festive bake and mince pies, as well as hot drinks and breakfast range. Related: Half-baked: what Greggs&rsqu
  
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• Greggs unveils extra profit … and it wasn't the vegan sausage roll

  09-01-2019 09:25
  Bumper sales of festive cakes, hot drinks and breakfasts boost high street bakery chainGreggs has raised its profit guidance for the second time in two months, bucking the trend among high street retailers, and said its new vegan sausage roll was an early hit with customers in 2019.Britain’s biggest bakery chain said it enjoyed a strong finish to 2018, thanks to bumper sales of its festive bake and mince pies, as well as hot drinks and breakfast range. Related: Half-baked: what Greggs&rsqu
  
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• Greggs unveils bumper profits … and nothing to do with vegan sausage rolls

  09-01-2019 09:25
  Bumper sales of festive cakes, hot drinks and breakfasts boost high street bakery chainGreggs has raised its profit guidance for the second time in two months, bucking the trend among high street retailers, and said its new vegan sausage roll was an early hit with customers in 2019.Britain’s biggest bakery chain said it enjoyed a strong finish to 2018, thanks to bumper sales of its festive bake and mince pies, as well as hot drinks and breakfast range. Related: Half-baked: what Greggs&rsqu
  
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• Greggs upgrades profit outlook on strong end to 2018

  09-01-2019 08:47 via ft.com
  Bakery chain’s shares hit new peak, helped by success of vegan sausage roll
  
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• Greggs lifts profit outlook as chain bakes up strong end to 2018

  09-01-2019 08:47 via ft.com
  Consumers gobbled up ‘festive bakes’ and mince pies in holiday period
  
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• Not so merry: Mothercare sales slide during Christmas period

  09-01-2019 08:35 via ft.com
  Children's goods retailer reports drop in in-store and online sales
  
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• Sainsbury’s warns on outlook after Christmas sales fall

  09-01-2019 08:26 via ft.com
  UK supermarket chain says performance was affected by ‘cautious consumer spending’
  
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• Retailers broke rules by listing real fur items as fake, ASA says

  09-01-2019 07:00
  Boohoo and Zacharia Jewellers remove items listed as ‘faux fur’ from sale after rulings The UK advertising watchdog has criticised two retailers for “misleading” consumers by advertising fashion items made from real animal fur as fake or “faux”.The Advertising Standards Authority, in two separate rulings published on Wednesday, said a product listing for a pompom jumper by the online fashion retailer Boohoo and another for a pompom headband sold on Amazon by Z
  
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• Sears: No can do

  09-01-2019 01:20 via ft.com
  Look back or fight for the future is the Chapter 11 dilemma
  
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