Retail news

• Marshall Wace hits jackpot with bets on struggling trio

  27-02-2019 22:30
  M&S, Ted Baker and Metro Bank had the sharpest falls on the UK stock market
  
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• Best Buy bucks retail gloom with blooming sales

  27-02-2019 21:50
  Demand for Fitbits and ‘Fortnite’ sparks 15% rise in shares of electronic goods retailer
  
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• ITV vs Netflix — they think it’s all over . . . but it isn’t now

  27-02-2019 21:29
  Broadcaster has no choice but to invest in BritBox video service with BBC
  
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• Stronger pound reflects City's relief at receding no-deal Brexit | Phillip Inman

  27-02-2019 20:27 via theguardian.com
  Traders still have doubts about the PM getting her deal away despite chance of extra timeThe pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious, that is, to City traders, who have always bet that a deal is the most likely outcome of the Brexit talks and now believe it to be a racing certainty.Theresa May’s concession of a vote in a fortnight to delay Brexit, which she agreed as a way to keep her
  
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• M&S paying ‘high price’ for Ocado, say analysts

  27-02-2019 20:27
  Plans to raise £600m via a rights issue and dividend cut an ‘extravagant use of shareholders’ cash’
  
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• Ted Baker: huggy bear

  27-02-2019 18:18
  Clothing retailer’s strategy has left investors puzzling over which way to wear it
  
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• Dr. Martens to invest in Northampton factory site

  27-02-2019 15:47 via theretailbulletin.com
  Footwear brand Dr. Martens is to invest £2 million in its Northampton factory site with a view to launching a new visitor and heritage centre there.
  
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• Deliveroo announces “click and collect”

  27-02-2019 14:44
  Because outsourcing delivery to your customers is the future.
  
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• Dean Foods axes dividend as woes mount

  27-02-2019 13:49
  Quarterly results follow announcement dairy group was reviewing strategic options for the company
  
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• Ted Baker issues profit warning after writing off £5m of unsold stock

  27-02-2019 12:30 via theguardian.com
  Shares dive as fashion retailer says full-year profits will be £10m lower than expected Ted Baker shares have dived by 11% after the fashion retailer warned investors that its full-year profits will be about £10m lower than expected mostly due to writing off the value of unsold clothes.The company, which was plunged into crisis last year when its founder and chief executive, Ray Kelvin, was accused of imposing a regime of “forced hugs” on staff , said it expected profits
  
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• Marks and Spencer teams up with Ocado on food delivery service

  27-02-2019 12:00 via theretailbulletin.com
  Marks and Spencer is embarking on a joint venture with Ocado to enable it to offer an online food home delivery service.
  
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• Ted Baker shares tumble 11% after profit warning

  27-02-2019 11:45 via theguardian.com
  Full-year profits will be £10m lower than expected after writedown of unsold stockTed Baker shares have dived by 11% after the fashion retailer warned investors that its full-year profits will be about £10m lower than expected mostly due to writing off the value of unsold clothes.The company, which was plunged into crisis last year when its founder and chief executive, Ray Kelvin, was accused of imposing a regime of “forced hugs” on staff , said it expected profits for th
  
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• Secure Trading/acquiring.com expand influence in hospitality sector with Dutch hotel chain

  27-02-2019 11:14 via theretailbulletin.com
  Secure Trading Group today announced a major new European hospitality client.
  
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• Stocks fall as geopolitical tensions hit riskier assets

  27-02-2019 11:02
  Dovish Fed comments keep dollar in check
  
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• Buffett was too American to see through Kraft

  27-02-2019 11:00
  The founder of Berkshire Hathaway put excess faith in US packaged food brands
  
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• John Lewis sales down 4.8% last week

  27-02-2019 09:46 via theretailbulletin.com
  Total sales at the John Lewis & Partners department store business were down 4.8% last week on the corresponding period last year.
  
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• M&S agrees £750m food delivery deal with Ocado

  27-02-2019 09:41 via theguardian.com
  Marks & Spencer will buy 50% stake and take its food offerings online for first timeMarks & Spencer has formed a £1.5bn online delivery joint venture with Ocado to bring M&S’s ready meals, food hall favourites and Percy Pig sweets to internet shoppers for the first time.M&S will pay £750m for a 50% share of Ocado’s UK retail business to form the new business, which will trade as Ocado.com. The venture will not start trading until September 2020 at the late
  
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• Shop price inflation reaches six year high in February

  27-02-2019 09:40 via theretailbulletin.com
  Shop price inflation reached a six year high in February after it accelerated to 0.7% from 0.4% in January.
  
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• Ted Baker warns on profit

  27-02-2019 09:23 via theretailbulletin.com
  Fashion retailer Ted Baker has warned that its full year profit is to be lower than expected due to foreign exchange movements and costs associated with system upgrades and inventory write-downs.
  
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• Dovish Fed comments keep dollar in check

  27-02-2019 09:20
  Stocks slip as geopolitical factors add to sense of caution
  
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• M&S to launch rights issue as chain forges deal with Ocado

  27-02-2019 08:33
  High street retailer will also slash dividend in plan to enter online grocery business
  
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• Retail workers facing high unemployment, thinktank finds

  27-02-2019 07:01 via theguardian.com
  Resolution Foundation report shows retail has the highest redundancy rate of any sectorRetail workers in Britain are more likely to face unemployment rather than finding another job amid mounting numbers of job losses on the high street, with younger staff hardest hit, according to a report.The study by the Resolution Foundation thinktank found the retail industry now has the highest rate of redundancies of any sector of the economy, amid the rapid rise of shop closures across the country. Conti
  
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• Short sellers get set for more pain in US retail

  27-02-2019 05:00
  Industry divides into winners and losers from shift to internet shopping
  
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