Retail news

• Apple retail boss Angela Ahrendts to leave after 5 years

  05-02-2019 23:00 via ft.com
  Departure for ‘new pursuits’ comes as iPhone sales decline
  
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• Interserve needs to avoid government’s ‘no-deal’ Brexit mindset

  05-02-2019 22:10 via ft.com
  Time is running out but signs are emerging that deadlock for outsourcer may be broken
  
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• Is Barclay's activist agitator is demanding too risky a U-turn | Nils Pratley

  05-02-2019 20:33
  Edward Bramson has offered little so far and shareholders seem to be backing their chiefEdward Bramson would do everybody a favour if he outlined what he would do if he succeeds in getting himself voted on to the board of Barclays. The activist agitator, armed with a 5% holding, has offered little except a vague grumble so far.Maybe he will open up before the showdown in May but, in the meantime, one can only inspect the contents of leaked letters to investors in his Sherborne fund. It’s t
  
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• Is Barclays' activist agitator demanding too risky a U-turn? | Nils Pratley

  05-02-2019 20:33
  Edward Bramson has offered little so far and shareholders seem to be backing their chiefEdward Bramson would do everybody a favour if he outlined what he would do if he succeeds in getting himself voted on to the board of Barclays. The activist agitator, armed with a 5% holding, has offered little except a vague grumble so far.Maybe he will open up before the showdown in May but, in the meantime, one can only inspect the contents of leaked letters to investors in his Sherborne fund. It’s t
  
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• Russian billionaire seeks to buy supermarket group Dia

  05-02-2019 19:39 via ft.com
  Mikhail Fridman commits to €500m turnround plan ahead of dilutive share issue
  
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• Scottish £1 shopping centre auctioned for £310,000

  05-02-2019 19:37 via ft.com
  Several bids placed after low reserve price was set to reflect high running costs
  
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• Ocado: a treasure deferred

  05-02-2019 19:32 via ft.com
  A catch may startle investors trying to value group using traditional measures
  
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• HMV buyer shifts focus to vinyl and back catalogues

  05-02-2019 19:32 via ft.com
  Sunrise Records chief Doug Putman champions ‘physical’ music in age of streaming
  
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• Ocado cancels thousands of deliveries after warehouse fire

  05-02-2019 19:21
  Grocer suspends deliveries on same day it announces Ocado Zoom one-hour service The online grocery retailer Ocado has been forced to cancel thousands of customer deliveries due to a fire at its flagship automated warehouse in Hampshire.The fire started in the early hours of Tuesday, according to a Hampshire fire and rescue service spokesman, and about 20 fire engines were still at the site near Andover in the afternoon, more than 12 hours later. Continue reading...
  
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• HMV reveals which 27 stores have closed after sale to Canadian music boss

  05-02-2019 17:59
  Oxford Street flagship shut but 100 of chain’s 127 stores will survive under new owner• Doug Putman: the vinyl fan aiming to put a new spin on HMVHMV has been rescued from collapse by a Canadian music entrepreneur, but 27 stores in prime locations have closed, including the site of its first store on London’s Oxford Street.Doug Putman, who runs the Canadian retailer Sunrise Records, has bought the UK music and film chain after emerging as the leading contender over the weekend,
  
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• Renting furniture from Ikea? I’m not buying that idea | Rhik Samadder

  05-02-2019 17:23
  Who really benefits from widespread rental? If I take home a Tobias or a Fanbyn, I want to buy it, sit on it and be left aloneIkea customers may soon be able to lease rather than buy new furniture. The initiative will be piloted in Switzerland, and is being described as an environmentally progressive step. But is it, though? Is that all it is? It is February, it is dark, and I have my suspicious glasses on. Also my cynical hat, and a thick jumper that says: “Don’t Trust Capitalism.&r
  
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• Mikhail Fridman/Dia: shop flop

  05-02-2019 17:01 via ft.com
  Struggling Spanish supermarket group needs a complete revamp, and equity
  
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• Scottish shopping centre sold for close to average house price

  05-02-2019 15:47
  The Postings mall in Kirkaldy went on sale with £1 reserve after sustaining large lossesA Scottish shopping centre has been sold for about the price of an average house in the latest sign of the crisis in UK retail.The Postings mall in Kirkcaldy, in which 14 of the 21 shops lie empty, was sold for £310,000 to an unnamed bidder on Tuesday. Continue reading...
  
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• HMV reveals which 27 stores are closing as it is sold to Canadian music boss

  05-02-2019 15:39
  Oxford Street flagship shut but 100 of chain’s 127 stores will survive under new owner•Doug Putman: the vinyl fan aiming to put a new spin on HMVHMV has been rescued from collapse by a Canadian music entrepreneur, but 27 stores in prime locations have closed, including the site of its first store on London’s Oxford Street.Doug Putman, who runs the Canadian retailer Sunrise Records, has bought the UK music and film retailer after emerging as the leading contender over the weekend
  
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• HMV sale: a timeline

  05-02-2019 14:31 via ft.com
  Another reprise for the UK high-street stalwart
  
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• Jeweller Pandora outlines ‘transformation’ plan after torrid 2018

  05-02-2019 11:28 via ft.com
  Shares in Danish group rally on bid to ‘reignite passion’ in its brands
  
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• Russian billionaire seeks to buy rest of Spain’s Dia supermarkets

  05-02-2019 11:05 via ft.com
  Mikhail Fridman makes buyout offer for Spanish chain and commits to turnround plan
  
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• HMV sold to Canadian mogul Doug Putman, saving 1,500 jobs

  05-02-2019 11:02
  Sunrise Records owner to keep 100 of chain’s 127 stores, including four Fopp outlets•Doug Putman: the vinyl fan aiming to put a new spin on HMVA Canadian music entrepreneur has rescued HMV from collapse, taking over 100 shops and safeguarding 1,500 jobs.Doug Putman, who runs the Canadian retailer Sunrise Records, has bought the UK music and film retailer after emerging as the leading contender over the weekend, heading off competition from Mike Ashley, the Sports Direct boss. Related:
  
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• Doug Putman: the vinyl fan aiming to put a new spin on HMV

  05-02-2019 11:01
  Owner of Canadian chain Sunrise has compared record shopping to a ‘treasure hunt’Doug Putman, the Canadian entrepreneur and saviour of HMV, is a self-proclaimed lover of vinyl records who is adamant that bricks-and-mortar music stores are viable at a time when consumers are ditching CDs in favour of digital downloads.With his purchase of 100 HMV stores in the UK, he is putting his money where his mouth is and has a major challenge ahead to turn around a retail business that has colla
  
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• HMV sold to Sunrise Records

  05-02-2019 10:11 via theretailbulletin.com
  Administrators for HMV have confirmed that the entertainment retailer has been sold to Canadian business Sunrise Records & Entertainment.
  
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• Ocado EBITDA down 20.7%

  05-02-2019 09:53 via theretailbulletin.com
  Ocado saw its EBITDA fall by 20.7% to £59.5 million in the year to 2 December as the company invested in a new distribution centre and technology.
  
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• Insight: retail sector in diversity drive at CEO level

  05-02-2019 09:53 via theretailbulletin.com
  A new study has revealed that there was a significant percentage increase in the number of female chief executives appointed by UK retail businesses in 2018.
  
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• Hammerson appoints Odeon UK MD as non-executive director

  05-02-2019 09:53 via theretailbulletin.com
  Shopping centre owner Hammerson has appointed Odeon UK managing director Carol Welch as a non-executive director.
  
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• Dump your spreadsheets and supercharge your business

  05-02-2019 09:31 via theretailbulletin.com
  This white paper from Oracle Netsuite highlights five key areas where businesses can reap the benefits of replacing spreadsheets with a single online business system.
  
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• How to ensure your EPoS implementation delivers

  05-02-2019 09:29 via theretailbulletin.com
  Preparation, implementation and training - factors to ensure successful project delivery
  
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• HMV sold to Canadian group Sunrise Records

  05-02-2019 08:53 via ft.com
  Sale marks second time entertainment retailer has been pulled from administration
  
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• Entertainment retailer HMV sold to Canadian group Sunrise Records

  05-02-2019 08:53 via ft.com
  Sale marks second time HMV has been pulled from administration
  
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• Ocado warns distribution centre spending weighs on profits

  05-02-2019 08:28 via ft.com
  Retail business brings in earnings while group invests in providing logistics for other retailers
  
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• Ocado says spending on distribution centres to weigh on profits

  05-02-2019 08:28 via ft.com
  Grocery delivery company expects growth of up to 15% in revenue from retail operations
  
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• UK retailers hit by weak sales growth in festive season

  05-02-2019 01:01 via ft.com
  January sees annual rise of 2.2%, up from a flat reading in December
  
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