Retail news

• Mothercare sells Early Learning Centre to rival in £13.5m deal

  12-03-2019 17:54 via theguardian.com
  Company will use proceeds of sale to The Entertainer to reduce bank debtsThe Early Learning Centre is set to make its high street comeback after its struggling owner Mothercare struck a deal to sell the toy brand to rival chain The Entertainer.In its heyday, Early Learning Centre (ELC), known for its wooden train sets and shape sorters, had more than 200 UK stores. However, now ELC has no standalone stores and the brand is sold in Mothercare outlets and by other chains. Continue reading...
  
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• Boots pharmacists to join trade union after decisive vote

  12-03-2019 14:45 via theguardian.com
  Workers’ voices can no longer be resisted, says Pharmacists’ Defence AssociationPharmacists at Boots, Britain’s largest chain of chemists, have voted overwhelmingly to join a trade union in a long-running dispute about union recognition.A total of 3,229 Boots pharmacists voted in favour of joining the Pharmacists’ Defence Association (PDA) and allowing it to represent them on issues such as pay, hours and holiday entitlement. This amounted to more than 92% of those who vo
  
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• French Connection sales fall as talks on store closures continue

  12-03-2019 10:58 via theguardian.com
  Struggling fashion chain makes small profit of £100,000 but remains up for saleFrench Connection blamed a tough retail backdrop for a slump in sales last year but said it had managed to keep open a handful of stores previously earmarked for closure after some landlords offered more flexibility on onerous lease terms. The struggling fashion chain, which shot to prominence with its notorious FCUK T-shirt slogan in the 1990s but has struggled in recent years, said like-for-like store sales fe
  
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• The Entertainer to acquire Mothercare's Early Learning Centre business

  12-03-2019 10:48 via theretailbulletin.com
  Toy retailer The Entertainer has agreed to acquire Mothercare’s Early Learning Centre business in a deal worth up to £13.5 million.
  
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• Notonthehighstreet hires Phil Branston as CFO

  12-03-2019 10:00 via theretailbulletin.com
  Notonthehighstreet has hired Phil Branston as its new chief financial officer.
  
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• Mothercare to offload Early Learning Centre for £13.5m

  12-03-2019 09:43
  Children’s goods retailer aims to be free of bank debt by end of year
  
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• ‘Growing pains’ chew at Domino’s Pizza full-year profits

  12-03-2019 09:41
  Food delivery chain’s plans to expand at a slower rate after its ‘mixed year’
  
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• French Connection makes return to profitability

  12-03-2019 09:34 via theretailbulletin.com
  French Connection has made a return to profitability in the year to 31 January with the company making an underlying operating profit of £0.1 million compared to loss of £2.1 million in the previous year.
  
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• Eve Sleep reports increased losses

  12-03-2019 09:34 via theretailbulletin.com
  Eve Sleep has reported having a “tough” year in 2018 which resulted in the company making a statutory pre-tax loss of £20.3 million.
  
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• Retail Bulletin readers qualify for 50% discount on TRB Customer Engagement Conference

  12-03-2019 09:32 via theretailbulletin.com
  On 5 June TRB will be holding its tenth annual Customer Engagement Conference to help retailers improve their bottom line in these difficult times by creating and retaining engaged, connected and happy customers.
  
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• Eve Sleep announces director and management changes

  12-03-2019 09:15 via theretailbulletin.com
  Eve Sleep has agreed by mutual consent that its chief financial officer, Abid Ismail, will leave the business this summer. It has also begun a search for his replacement.
  
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• Ecommerce: physical education

  12-03-2019 05:44
  Amazon’s Whole Foods fizzle does not dent trend to tie up shops with online sales
  
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• Landlords adapt to counter rise of online retailers

  12-03-2019 05:30
  Property groups think creatively to fill vacant space and attract customers
  
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• Amazon eases price rules on third-party vendors

  12-03-2019 02:05
  Concession comes amid growing criticism of power wielded by big tech platforms
  
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• Amazon eases price restrictions on third-party vendors

  12-03-2019 02:05
  Concession comes amid growing criticism of power wielded by big tech platforms
  
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