Retail news

• Off licence firm Oddbins warns of job losses

  28-01-2019 22:28
  European Food Brokers say its businesses ‘cannot continue in their current form’The owner of Oddbins has warned staff of job losses in the near future as the off licence business said it had appointed advisers to look at options for the future after an “extremely tough” Christmas.In an email to staff at European Food Brokers group, which also includes Wine Cellar Trading and Whittalls Wine Merchants, directors said they had concluded that its retail businesses “cann
  
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• M&S-Ocado threat to Waitrose is bigger than Brexit

  28-01-2019 21:05 via ft.com
  The various versions of this story has jangled nerves from the City to, er, the shires
  
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• Tesco's cost-cutting CEO should note simpler may not mean better | Nils Pratley

  28-01-2019 20:30
  Rivals that make a virtue of fresh food counters will be delighted by Dave Lewis’s semi-retreatTesco’s staff must shudder every time the chief executive, Dave Lewis, talks about making the business “simpler”. It usually means a few thousand people are about to lose their jobs. In the latest effort to create “a simpler, more sustainable” Tesco, some 9,000 roles will be “impacted”, which is going some even by Lewis’s standards. He is estimated
  
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• Philip Green ends ‘gagging order’ action against Telegraph

  28-01-2019 19:58
  Judges had banned paper from identifying tycoon in relation to harassment claims he deniesIt promised to be one of the highest-profile court cases of the year, pitting the billionaire owner of Topshop against a national newspaper over its right to report claims of sexual and racial harassment. Instead, Sir Philip Green chose to duck a head-on fight with the Daily Telegraph at the last minute, avoiding a high court trial and leaving the businessman with a hefty legal bill and a battered reputatio
  
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• Philip Green/Arcadia: Toppled Man

  28-01-2019 19:46 via ft.com
  Doubts cast over UK retail tycoon’s reputation as a shrewd businessman
  
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• Food retailers warn MPs on risks of no-deal Brexit

  28-01-2019 18:40 via ft.com
  Major stores issue red flag over maintaining choice, quality and durability of supplies
  
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• Tesco confirms 9,000 jobs are at risk

  28-01-2019 16:29 via theretailbulletin.com
  Tesco has confirmed that 9,000 jobs are at risk within its business due to proposed changes to how it operates.
  
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• Tesco to cut thousands of jobs in corporate overhaul

  28-01-2019 16:08 via ft.com
  Grocer says 9,000 jobs will be affected by shake-up, including head office roles
  
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• No-deal Brexit would mean shortages and price rises, say retailers

  28-01-2019 15:51
  Bosses of Sainsbury’s, Asda, M&S, Co-op and Waitrose write letter to governmentLeading retail bosses, including the chief executives of Sainsbury’s, Asda, Marks & Spencer, the Co-op and Waitrose, have written to the government warning of significant disruption to food supplies in the event of a no-deal Brexit.The letter, from the British Retail Consortium, also warns that grocery prices are likely to rise, as nearly a third of the food eaten in Britain comes from the EU and w
  
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• Tesco confirms 9,000 jobs at risk as it axes fresh food counters

  28-01-2019 15:38
  Supermarket says it hopes to redeploy up to half of staff affected by cost-cuttingTesco has confirmed that up to 9,000 jobs are at risk as it closes fresh food counters in about 90 of its stores, as well as some staff canteens, and makes cuts at its head office.The retailer, which has more than 300,000 UK employees and more than 3,400 stores, said it hoped to redeploy up to half of the staff affected into other customer service roles. Continue reading...
  
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• Predicting the future of omnichannel retail

  28-01-2019 13:25 via theretailbulletin.com
  The excitement is building! With just nine days to go until THE omnichannel retail event of the year, you’d better act now to secure your place.
  
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• Join us at Omnichannel Futures

  28-01-2019 13:25 via theretailbulletin.com
  The excitement is building! With just eight days to go until THE omnichannel retail event of the year, act now to secure your place.
  
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• Join the 100 plus retailers booked to attend Omnichannel Futures

  28-01-2019 13:25 via theretailbulletin.com
  The excitement is building! With just six days to go until THE omnichannel retail event of the year, act now to join the 100 plus retailers already booked to attend.
  
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• Philip Green ends 'gagging order' legal action against Telegraph

  28-01-2019 10:03
  Judges had banned newspaper from identifying tycoon in relation to harassment claimsSir Philip Green and his business empire Arcadia have ended their legal claim against the Telegraph after the newspaper reported allegations of sexual and racial harassment against him.Judges at the court of appeal temporarily barred the newspaper from identifying the Topshop tycoon or revealing “confidential information” relating to allegations of misconduct made by five employees. Continue reading..
  
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• WH Smith opens two further stores in Mactan Cebu Airport in the Philippines

  28-01-2019 09:24 via theretailbulletin.com
  WH Smith has opened two further stores in Mactan Cebu Airport in the Philippines as part of its international expansion plans.
  
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• Volkswagen Battersea reopens at state-of-the-art new site

  28-01-2019 09:23 via theretailbulletin.com
  Lookers Volkswagen has opened a new £10 million showroom at its existing site in London’s Battersea.
  
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• Tesco could cut up to 15,000 jobs

  28-01-2019 09:08 via theretailbulletin.com
  Tesco could cut up to 15,000 jobs as it reviews ways to cut costs across its business, according to reports.
  
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• Terry Duddy steps down from Hammerson board

  28-01-2019 09:07 via theretailbulletin.com
  Shopping centre owner Hammerson has announced that Terry Duddy has stepped down as a non-executive director and senior independent director of the business as part of a mutual agreement.
  
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• 5 steps to super-charging the sales assistant role

  28-01-2019 09:06 via theretailbulletin.com
  Are your store teams doing enough to solve customers’ lifestyle challenges? Recent evidence suggests that without tools of connectivity at their fingertips, the answer will be ‘no’.
  
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• Morrisons to trial paper bags for groceries and higher price for plastic bags

  28-01-2019 07:01
  The supermarket is increasing the cost of its standard plastic bags up to 15p from 10pMorrisons is to trial the launch of large paper bags for groceries at supermarket check-outs and is raising the price of its plastic bags by 50%.The supermarket will now charge 15p instead of 10p for its cheapest standard plastic bag, while testing out US-style paper grocery bags with handles costing 20p. Related: Supermarkets under pressure to reveal amount of plastic they createRelated: Nearly 1m tonnes every
  
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• No-deal Brexit: UK firms 'praying' for article 50 extension, says KPMG

  28-01-2019 01:01
  CBI says business is ‘stuck in neutral’ with low confidence and diverted investment hurting firmsBritish firms are “praying for an extension to article 50” rather than face a no-deal Brexit as it emerged that foreign investment has fallen steeply and the outlook for growth has slumped to a six-year low.The Confederation of British Industry said that firms’ reported growth prospects were at their weakest for almost six years, while other research shows the number of
  
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