Retail news

• Mike Ashley in talks over rescue bid for struggling HMV

  20-01-2019 20:15
  Sports Direct boss could link film and music retailer to other parts of his high street empireMike Ashley is considering a rescue bid for HMV, the music and film retailer that collapsed into administration last month.The Sports Direct boss is understood to have held talks with suppliers to the ailing business about a rescue deal, which could see him link the HMV brand to other parts of his high street empire including House of Fraser, Sports Direct or potentially Game Digital, in which Sports Di
  
  Read more

• One thing to be grateful to Brexit for: Britons are buying less on credit

  20-01-2019 08:00
  Consumer borrowing is falling, which is no bad thing. But it’s uncertainty, not regulation, that’s acting as the brakeA sharp decline in household spending on the never-never, and especially spending on credit cards, is a trend that must surely be welcomed. The Bank of England said last week in its quarterly credit health check that high street banks were about to witness the biggest decline in such borrowing since records began 12 years ago.Threadneedle Street said its index of dema
  
  Read more

Follow @retailuknws on Twitter!