Retail news

• Sainsbury's and Asda to deliver £1 billion in price cuts if merger goes ahead

  19-03-2019 21:34 via theretailbulletin.com
  Sainsbury’s and Asda have pledged to deliver £1 billion worth of price cuts if their merger gets the go-ahead.
  
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• Lloyds faces £300m bill for SLA divorce

  19-03-2019 20:47
  Reports on the arbitration case read rather like the accounts of a costly marital split
  
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• Sainsbury's £1bn reveal is unlikely to move the competition authority | Nils Pratley

  19-03-2019 20:23
  The supermarket’s merger with Asda would permanently reshape the UK grocery marketSainsbury’s pitch to the Competition and Markets Authority didn’t work the first time, so here comes chief executive Mike Coupe with another plea. His big reveal was a figure for the price savings to be delivered to customers if Sainsbury’s is allowed to merge with Asda. This number was previously deemed too sensitive to be allowed out in public but Sainsbury’s is now desperate. Shoppe
  
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• Bonmarché shares fall after warning of heavier loss

  19-03-2019 19:10
  Women’s fashion chain says it now expects underlying pre-tax loss of £5m-£6mShares in Bonmarché have fallen after the women’s fashion chain warned of a bigger full-year loss than previously forecast and reported quarterly sales below its expectations after discounting heavily to clear unsold stock.As Brexit approaches, consumer spending is drying up, forcing retailers to sacrifice profits for sales. Bonmarché said on Tuesday it expected an underlying pre-tax
  
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• Asos struggled to cope with surge in US demand

  19-03-2019 18:37
  Shares in online fashion retailer fall as group warns of challenges in Germany and France
  
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• Sainsbury’s to publish price cut data if Asda merger goes ahead

  19-03-2019 17:09
  Supermarkets ‘happy to be held to account’ on reducing prices by £1bnSainsbury’s has promised to publish an annual breakdown of the £1bn-worth of price cuts it has promised shoppers if it merges with Asda, as it scrambles to reverse the competition watchdog’s opposition to the £7bn deal.Many analysts think the tie-up between Sainsbury’s and Asda, the UK’s second and third largest supermarket chains respectively, is doomed after the Competitio
  
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• Office Outlet is latest retailer to go into administration

  19-03-2019 13:51
  Former Staples chain with 90 stores hit by falling stationery sales and high street woesThe stationery chain Office Outlet has collapsed into administration, putting 1,200 UK jobs at risk.The struggling retailer, formerly known as Staples, has 90 stores, predominantly in out-of-town retail parks. Its collapse comes less than a year after its management team resorted to a company voluntary arrangement (CVA) to jettison unwanted stores and slash its rent bill. Related: 'It could be terrible for us
  
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• Instagram launches in-app online shopping

  19-03-2019 13:01
  Facebook-owned platform partners with 20 vendors including Adidas, Burberry and Zara
  
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• Sainsbury’s and Asda promise £1bn in price cuts after merger

  19-03-2019 11:59
  Supermarket groups in bid to sway regulator’s concerns over lower competition
  
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• UK retailer Bonmarché predicts wider full-year loss

  19-03-2019 10:55
  ‘Significantly weaker’ trend in March likely to continue at clothing chain
  
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• Ocado revenue up 11.2% despite impact of warehouse fire

  19-03-2019 09:41 via theretailbulletin.com
  Ocado has posted 11.2% growth in first quarter retail revenue, despite the impact of a fire at its distribution centre in Andover.
  
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• New Look Poland files for insolvency

  19-03-2019 09:27 via theretailbulletin.com
  New Look has announced that its Polish retail business has filed for insolvency.
  
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• Asos posts strong quarterly sales growth

  19-03-2019 09:27 via theretailbulletin.com
  Online fashion retailer Asos has reported that total retail sales climbed by 13% to £641.3 million in the three months to 28 February.
  
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• Bonmarché warns on deeper losses

  19-03-2019 09:25 via theretailbulletin.com
  Women’s fashion retailer Bonmarché has warned that its full year loss will be more than expected following difficult March trading.
  
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• Fast-fashion retailer Asos faces growth slowdown in trio of markets

  19-03-2019 09:17
  Shares head for worst day since profit warning as US hit by backlog while UK and EU cool
  
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• Asos faces growth slowdown in trio of markets

  19-03-2019 09:17
  Shares in fast-fashion retailer head for worst day since profit warning as US hit by backlog
  
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• 'It could be terrible for us': how one British high street is preparing for Brexit

  19-03-2019 07:00
  York’s Bishopthorpe Road has gone from strength to strength in recent years. But can its shopkeepers overcome their latest and perhaps greatest challenge?In a tiny, windowless back office, Dan Ebdon is hunched over a computer screen. “I’m trying to find a Victorian-style ash pan,” he says. “But I’m struggling.”His knees are pressed against rolls of black bin liners, the shelves at his elbow hold drums of cable and chain, and hanging overhead are racks of
  
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• Leading customer experience methods for ecommerce

  19-03-2019 01:55 via theretailbulletin.com
  86% of customers are willing to pay more for a better customer experience. Give them what they want.
  
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