Retail news

• Amazon signals more spending even as growth slows

  31-01-2019 22:35 via ft.com
  Shares fall as record quarterly profit undermined by weaker sales outlook
  
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• US business counts the cost of polar vortex

  31-01-2019 19:35 via ft.com
  Retailers and restaurants face $1bn bill, according to one estimate
  
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• Whistleblower Christopher Wylie joins fashion retailer H&M

  31-01-2019 17:47
  Canadian who exposed data misuse at Cambridge Analytica hired as research directorChristopher Wylie, the Canadian whistleblower who last year exposed the misuse of data by the political consulting firm Cambridge Analytica, has been hired by the Swedish fashion retailer H&M.The business confirmed that it had signed a consultancy contract with Wylie, who will take the role of research director. His main focus will be “to help H&M group improve its capabilities within consumer, produc
  
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• AO World: CEO let go

  31-01-2019 17:42 via ft.com
  The top men have yet to prove the company can deliver a profit
  
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• Supermarkets warn Brexit could empty shelves | Andrew Simms

  31-01-2019 13:51
  The big retailers’ business model has made food shortages more likely in the event of a no-deal Brexit“The shops will be empty” and “the lights will go out” are the staple warnings of commercial interests that have an axe to grind or are looking for public support. But the letter this week from store bosses sounding an alert about the impact of a no-deal Brexithas added irony when delivered by some of Britain’s biggest supermarket retailers, whose centralised
  
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• Supermarkets say Brexit could empty shelves. That's a risk they chose to run | Andrew Simms

  31-01-2019 13:51
  The big retailers’ business model has made food shortages more likely in the event of a no-deal Brexit“The shops will be empty” and “the lights will go out” are the staple warnings of commercial interests that have an axe to grind or are looking for public support. But the letter this week from store bosses sounding an alert about the impact of a no-deal Brexithas added irony when delivered by some of Britain’s biggest supermarket retailers, whose centralised
  
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• Asda shopworkers win landmark ruling in equal pay dispute

  31-01-2019 13:45
  Appeal court backs lower-paid store staff in claim that could cost supermarkets £8bnAsda shopworkers have won a major victory in the latest round of a long-running legal battle over equal pay, which could result in major supermarkets facing an estimated £8bn payout.The court of appeal ruled Asda’s lower-paid store staff, who are mainly female, can compare themselves to higher-paid warehouse workers, who are mainly male, in pay claims. Continue reading...
  
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• Grocer Asda loses ruling in equal-pay case

  31-01-2019 12:29 via ft.com
  Decision could have serious implications for supermarket industry
  
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• Grocer Asda loses key ruling in equal-pay case

  31-01-2019 12:29 via ft.com
  Decision may have wide-ranging ramifications in supermarket industry
  
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• Lidl opens new £70 million distribution centre

  31-01-2019 10:01 via theretailbulletin.com
  Lidl UK has opened a new £70 million regional distribution centre in Doncaster.
  
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• Steve Caunce steps down as chief executive of AO World

  31-01-2019 09:30 via theretailbulletin.com
  AO World chief executive Steve Caunce has stepped down from his position.
  
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• Insight: Big Brother is watching you - artificial intelligence and the retail sector

  31-01-2019 09:30 via theretailbulletin.com
  Here law firm Womble Bond Dickinson takes a look at the use of artificial intelligence in the retail sector and how this is helping improve efficiency and the shopping experience.
  
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• Consumer confidence level holds steady in January despite economy worries

  31-01-2019 09:30 via theretailbulletin.com
  New figures have shown that consumer confidence in the UK has stayed at the same level as last month in January as people adopt a wait-and-see approach regarding the outcome of the Brexit negotiations.
  
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• Retailer H&M blames logistics costs for 11% profit drop

  31-01-2019 08:46 via ft.com
  Chief executive sees signs transformation paying off despite ‘challenging year’
  
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• Six UK fashion retailers fail to cotton on to sustainability

  31-01-2019 08:00
  Audit committee singles out firms who take no action to reduce impact on environmentMajor UK fashion retailers are failing to promote environmental sustainability or to protect their workers, a parliamentary committee has said.The six companies, which include Amazon UK, JD Sports, Sports Direct and TK Maxx, have not taken any action to reduce their carbon, water and waste footprint. None of them use organic or sustainable cotton and only two – Sports Direct and Boohoo – use recycled
  
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• Is Amazon’s new beauty line as big a bargain as it looks?

  31-01-2019 06:01 via ft.com
  Budget cosmetic brands are the next big thing. But are they any good?
  
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• Napoleon Perdis makeup empire goes bust, putting Australian jobs at risk

  31-01-2019 04:23
  Administrators consider a restructure or selling the beauty retailerThe Australian-grown cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk.Company directors had been trying to find a buyer for the makeup chain for months. Continue reading...
  
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• Veganuary ends on record high with 250,000 participants

  31-01-2019 01:01
  Pledges for 2019 plant-based campaign exceeded those in previous four years combinedA record 250,000 people worldwide signed up to the Veganuary movement this year by embracing plant-based diets this month, the campaign has revealed.As more consumers drop all meat and dairy products from their diet for health or ethical reasons, the charity behind the annual event said the record figures and strong global support had made 2019’s Veganuary the most popular since its launch in 2014. Many mor
  
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