Retail news

• New Look may have to put itself up for sale as part of rescue refinance

  24-01-2019 19:02
  Bondholders to be handed up to 92% of retailer in return for cutting £1.35bn debt to £500mThe struggling clothing retailer New Look may be forced to put itself up for sale in order to complete a rescue refinance.New Look, which has 500 stores, will hand bondholders up to 92% of the company in return for reducing its £1.35bn debt pile to about £500m. Continue reading...
  
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• Vodafone: screen shot

  24-01-2019 17:46 via ft.com
  Free cash flow estimates of €4.6bn leave little room for error
  
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• Patisserie Valerie pushing for rebate on overpaid tax

  24-01-2019 17:08 via ft.com
  Collapsed café chain paid corporation tax on potentially non-existent profits
  
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• Take the Airbus chief's no-deal Brexit warning seriously | Nils Pratley

  24-01-2019 16:27
  The aviation industry is run on multinational lines. UK wing production could easily take off and land somewhere elseThere is one complaint about Tom Enders’ latest warning about Brexit. The chief executive of Airbus would do himself a favour if he sounded vaguely grateful for the huge subsidies his company has received from the UK government, and thus British taxpayers, over the decades. The corporate sense of entitlement is one reason why we’re in the current mess.But let’s s
  
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• $40bn Jardine share plunge sparks ‘fat finger’ speculation

  24-01-2019 13:07 via ft.com
  One of Asia’s largest conglomerates suffers brief collapse in opening trading
  
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• Did you work for a UK high street chain that has closed?

  24-01-2019 12:13
  For an upcoming project, we would like to hear from former workers of chain shops that shut about how it affected their lives
  With thousands of high street shops closing over the last decade, communities have been rightly concerned about the decline and what the future holds.If you worked for a high street chain that shut down, we’d like to hear from you. Did you work for shops like Woolworths, BHS or Athena? What was your experience like? How did your life change after it closed? Continue
  
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• Retail workers face layoffs and erratic schedules as holiday season ends

  24-01-2019 12:00
  Retailers shed thousands of temporary staff come January but even permanent workers face drastic cuts in hoursWhen Emmett Foster started working at the Amazon clothing plant in Norristown, Pennsylvania, last September as a contracted employee, he was under the impression that as long as he received his certifications for T-shirt printing and quality control, he would be kept on as a permanent employee after the holiday season.“We knew the day was coming when they would make their cuts. The
  
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• 'It was like a public execution': American retail workers face mass layoffs

  24-01-2019 12:00
  Retailers shed thousands of temporary staff come January but even permanent workers face drastic cuts in hoursWhen Emmett Foster started working at the Amazon clothing plant in Norristown, Pennsylvania, last September as a contracted employee, he was under the impression that as long as he received his certifications for T-shirt printing and quality control, he would be kept on as a permanent employee after the holiday season.“We knew the day was coming when they would make their cuts. The
  
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• Retail employment down 2.2% in final quarter of 2018

  24-01-2019 09:39 via theretailbulletin.com
  New figures from the British Retail Consortium have shown that retail employment was down 2.2% in the fourth quarter of 2018.
  
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• Jardine share plunge raises ‘fat finger’ fears

  24-01-2019 06:40 via ft.com
  One of Asia’s largest conglomerates briefly loses more than $40bn in market value
  
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• Insurance quote that priced me out of house and home

  24-01-2019 06:00 via ft.com
  How I saved £650 in 30 minutes on a Sunday afternoon
  
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• Drug ATMs offer formula to treat chronic illness

  24-01-2019 04:30 via ft.com
  Dispensing machines in malls save time and ease pressure on health system
  
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• Spirit of the ‘ginaissance’: revival of gin fuels distillery boom

  24-01-2019 01:01
  England now home to more distilleries than Scotland as gin makers try to keep up with soaring consumer demandBritain’s seemingly unquenchable thirst for gin saw consumers buy 66m bottles last year, a 41% annual rise, fuelling a spirit-making boom that has led to the number of distilleries in England overtaking Scotland for the first time.The UK’s long hot summer provided the massive boost in sales, with more than 19 million more bottles sold than in 2017, taking total UK sales to &po
  
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