Retail news

• Debenhams needs debt deal while there are customers left to save

  05-03-2019 21:15
  Negative sentiments are creating a vicious circle that chain must rush to break
  
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• Brexit won’t bother the City – but everyone else should worry | Nils Pratley

  05-03-2019 19:56
  The Bank’s careful plans for no deal are in stark contrast to uncertainty facing carmakers, airlines and farmers
  Compare and contrast. At the Bank of England, preparations for a no-deal Brexit are proceeding swimmingly. The central bank and its EU counterpart have established a plentiful supply of euros that banks can access via weekly auctions starting almost immediately. No creditworthy financial institution need get hurt unnecessarily.This “prudent and precautionary step”, a
  
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• Target boosted by best sales growth since 2005

  05-03-2019 16:13
  Retail stocks lifted by strong final quarter performances
  
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• Booze cruise back in fashion as Britons stock up before Brexit

  05-03-2019 15:26
  Majestic Wine’s Calais sales soar as survey suggests one in 10 Britons are stockpiling foodThe booze cruise is back in fashion as shoppers stock up on cheap wine from across the Channel before the Brexit deadline on 29 March.Sales at Majestic Wine’s Calais stores soared 49% last month and pre-orders are up 78% in March as shoppers take advantage of duty free alcohol while they can. Related: BMW may stop making Mini at Cowley if there is no-deal BrexitContinue reading...
  
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• Activist investor urges overhaul of Victoria’s Secret owner

  05-03-2019 14:44
  Barington Capital push includes breaking up L Brands and selling the lingerie brand
  
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• Superdry to axe up to 200 jobs as part of £50m cost-cutting plan

  05-03-2019 14:10
  Fashion brand aims to reduce headquarters staff as dispute with co-founder continuesSuperdry is cutting about one in five jobs at its head office as the struggling fashion brand resists the return of co-founder Julian Dunkerton to steer the business.The company confirmed it had begun a consultation with staff at its Cheltenham headquarters, where it has about 1,000 staff, which could result in up to 200 job losses as part of a wider plan to cut running costs by £50m over the next three yea
  
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• Debenhams issues profit warning as sales continue to slump

  05-03-2019 10:35
  Department store chain is trying to reach deal with lenders to close 50 storesDebenhams has issued a fresh profits warning after a slump in UK sales, as it tries to hammer out a deal with its lenders that will include 50 store closures.The retailer said its previous profit forecasts for the current financial year – made just two months ago – were “no longer valid” after a 6% slide in UK sales in the 26 weeks to 2 March. Related: UK retailers suffer weaker sales due to Bre
  
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• Brexit uncertainty impacts February retail sales

  05-03-2019 09:49 via theretailbulletin.com
  UK retail sales edged down 0.1% on a like-for-like basis in February as uncertainty surrounding Brexit curbed people’s appetite for spending.
  
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• Holland & Barrett chief executive steps down

  05-03-2019 09:44 via theretailbulletin.com
  Holland & Barrett’s chief executive Peter Aldis has stepped down after ten years of heading up the health and wellness retail chain.
  
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• The future of retail customer engagement

  05-03-2019 09:43 via theretailbulletin.com
  Join us at the tenth annual Customer Engagement Conference to discover how leading UK retailers are developing best-in-class customer engagement strategies to help grow shopper loyalty and increase their wallet share.
  
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• Waitrose’s delivery service has failed to go the distance

  05-03-2019 08:00
  The supermarket has suspended my regular delivery slot and won’t confirm it will reinstate itMy local Waitrose in Lincoln (along with Ipswich, I understand) is running what was supposed to be a four-week trial whereby only a proportion of the usual online shopping slots are available. However, my usual Saturday morning slot – which I have used for at least the last seven years – is unavailable into early May at least. This suggests that a decision to extend or make the trial pe
  
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• The Aldi effect: how one discount supermarket transformed the way Britain shops

  05-03-2019 07:00
  When Aldi arrived in Britain, Tesco and Sainsbury’s were sure they had nothing to worry about. Three decades later, they know better. By Xan RiceOn a Thursday morning in April 1990, in the suburb of Stechford in Birmingham, a strange grocery chain started trading in the UK. It only stocked 600 basic items – fewer than you might find in your local corner shop today – all at very low prices. For many products, including butter, tea and ketchup, only a single, usually unfamiliar b
  
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• My First Million: Victoria Robertshaw, founder Keelham Farm Shop

  05-03-2019 06:00
  The farmer’s daughter is ready to take her farm shop business to the nation
  
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• UK retailers suffer weaker sales due to Brexit uncertainty

  05-03-2019 01:01
  Total growth drops to 0.5% in the year to February, down from 1.6% a year earlierBritain’s retailers suffered from weaker sales last month as mounting uncertainty over the UK’s departure from the EU led to consumers becoming more wary of making bigger purchases before Brexit.In the latest evidence that momentum in the economy is fading during the weeks before Britain is scheduled to formally leave the EU, the British Retail Consortium (BRC) and accountancy firm KPMG said that total s
  
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