Retail news

• Next challenges received high-street Brexit gloom

  21-03-2019 21:48
  Chief executive Simon Wolfson has again shown the merit of paying close attention to detail
  
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• Persimmon's new homebuyers' 'retention' at least shows willing

  21-03-2019 20:49
  It’s obviously an attempt at a reputation fix, but it’s still a sound principle for help to buyPersimmon described it as a homebuyer’s “retention”, but could have called it the Jeff Fairburn memorial clause. Buyers of Persimmon houses will be able to withhold 1.5% of the purchase price, or £3,600 on average, until the builder has fixed any faults. It is an eye-catching gesture designed to combat Persimmon’s reputation for corporate greed, as embodied by
  
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• Levi Strauss leaps 30% on return to public trading

  21-03-2019 18:20
  Jeans maker garners strong investor demand as New York exchange decks out in denim
  
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• The Entertainer hails 31% increase in full year profit

  21-03-2019 16:11 via theretailbulletin.com
  Toy retailer The Entertainer has seen a 31% increase in its annual profit after sales rose by 21.7%.
  
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• Game profits up 20.3% despite challenging trading conditions

  21-03-2019 16:10 via theretailbulletin.com
  Game has seen its half year pre-tax profit rise by 20.3% to £14.8 million despite a “challenging” retail environment.
  
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• Debenhams wins time in fight against Mike Ashley coup attempt

  21-03-2019 13:46
  Clerical error gives board until 9 May to convince shareholders to back turnaround planDebenhams’ board has won more time to rally shareholders and sort out its finances ahead of a coup attempt by Mike Ashley, after a clerical error by Sports Direct.A shareholder meeting at which Ashley wanted to oust all but one Debenhams director and install himself as chief executive has been delayed by up to two weeks, after Sports Direct was forced to reissue its requisition notice calling the meeting
  
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• UK's top toilet roll supplier stockpiling in case of no-deal Brexit

  21-03-2019 13:43
  German firm Wepa stores 3.5m toilet and kitchen rolls in UK in bid to avoid customs delaysOne of the UK’s biggest suppliers of toilet and kitchen roll has been stockpiling about 3.5m rolls in UK warehouses in preparation for a no-deal Brexit.The German firm Wepa said it had been storing an extra 600 tonnes of toilet and kitchen roll in the last three to four months to safeguard supplies in Britain, in case the UK crashes out of the EU without an agreement on 29 March. Related: Bank of Engl
  
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• Shoppers increase spending despite Brexit uncertainty

  21-03-2019 12:12
  UK retail sales rose 0.4% in February, although food stores recorded big drop, says ONSNext profits fall but boss says Brexit not affecting spendingBritish consumers appear to have shrugged off mounting fears over Brexit by raising their spending in February, as unseasonably warm weather tempted shoppers to the high street.The Office for National Statistics said sales volumes rose by 0.4% last month compared to January, confounding City economists’ expectations for sales to fall by the sam
  
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• Waitrose & Partners adopts productDNA as its preferred product data platform

  21-03-2019 11:11 via theretailbulletin.com
  Waitrose & Partners adopts productDNA as an example of the retail industry coming together to improve product information
  
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• UK retail sales rise unexpectedly despite looming Brexit

  21-03-2019 10:44
  Little sign of stockpiling ahead of possible disorderly departure from EU
  
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• Ted Baker posts drop in full year profit

  21-03-2019 10:05 via theretailbulletin.com
  Fashion retailer Ted Baker has posted a 26.1 % drop in full year pre-tax profit to £50.9 million after facing difficult trading conditions in some of its markets.
  
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• H&M offers US customers new way of shopping

  21-03-2019 10:04 via theretailbulletin.com
  H&M is offering customers in the US the opportunity to buy its fashion items straight off Instagram.
  
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• Next's full year profits decline after fall in store sales

  21-03-2019 09:51 via theretailbulletin.com
  Fashion and homewares retailer Next has reported that its full year pre-tax profit fell by 0.4% to £722.9 million in the year to January.
  
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• Next profits fall but boss says Brexit not affecting spending

  21-03-2019 09:37
  Profits at retail chain’s stores slump by more than a fifth but online arm reports growth Next has reported a third year of falling profits after a “challenging” year in which there was a sharp deterioration in sales and profits at its high street chain.The retailer made a pre-tax profit of £722.9m in the year to 26 January, down from £726.1m the previous year. However, there was a stark contrast between the fortunes of its stores and home shopping division: profits
  
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• River Island to open kids' store at The Broadway

  21-03-2019 09:36 via theretailbulletin.com
  River Island is to open a children's clothing store in The Broadway shopping centre in Bradford.
  
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• Achieving omnichannel excellence is not a trivial pursuit

  21-03-2019 09:31 via theretailbulletin.com
  Aptos have released their latest infographic – they would like to challenge you and see whether you have the answers to the questions shoppers are asking today.
  
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• Ted Baker warns of hit from consumer ‘uncertainty’ and discounting

  21-03-2019 09:17
  UK clothing retailer takes charges from some assets, such as from House of Fraser collapse
  
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• Ted Baker warns of hit from consumer ‘uncertainty’

  21-03-2019 09:17
  Weak trading at UK clothing retailer compounded by charges from assets such as House of Fraser
  
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• Next sees ‘no evidence’ Brexit angst affecting consumer behaviour

  21-03-2019 08:34
  Retailer says growth in real wages more relevant than politics
  
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• Next: Brexit hasn’t changed consumer behaviour

  21-03-2019 08:34
  Retailer says growth in real wages more relevant than politics
  
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• Is Carpetright wrong over the right to claim compensation?

  21-03-2019 08:00
  As a zero-hours contractor I had to take days off for carpet fitting appointments that were missedI contracted Carpetright to carpet my new home. Fitters arrived last September and carpeted the bedrooms and landing adequately, but did a poor job on the stairs. The Croydon store organised two further appointments in November to inspect the stairs and give a quote for the lounge. The first appointment was missed without explanation and I had to contact the store twice more to chase. Two more dates
  
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• When going downhill is good for business

  21-03-2019 05:53
  Luxury brands cultivate their client base in mountain-set ski boutiques
  
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• Watch blogs find value in physical retail

  21-03-2019 05:53
  Enthusiast sites expand ecommerce sidelines into physical stores and collaborate with brands
  
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• Jewellers battle to catch the eye of wannabe fiancés

  21-03-2019 05:53
  As buyers hunt online for the perfect engagement ring, brands jostle to rank top in search
  
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• Influencers future-proof income as scepticism grows

  21-03-2019 05:53
  Jewellery bloggers are diversifying as user mistrust of Instagram’s output rises
  
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• Deconstructed Watch: Audemars Piguet Code 11.59

  21-03-2019 05:53
  The brand branched out from its Royal Oak range but the result has divided opinion
  
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• Chinese shoppers’ new weapon to dodge cheap knock-offs

  21-03-2019 05:53
  New digital services add a layer of reassurance for China’s counterfeit-conscious consumers
  
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• Streaming accounts for more than half UK record label income

  21-03-2019 01:01
  Revenue from Spotify, Amazon and Apple rises as CD sales continue to fallMusic streaming services generated more than half of the income earned by record labels in the UK last year, as CD sales continue to plummet.Subscription streaming platforms operated by Spotify, Amazon Music and Apple Music, made revenues of £468m in the UK last year, 54% of the £865.5m total income for the recorded music industry. It is the first time that subscription streaming revenues, which grew at 35% year
  
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• Levi’s returns to stock market with $6.6bn valuation

  21-03-2019 00:10
  Jeans maker boosts IPO price following strong demand from investors
  
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• Levi Strauss returns to stock market with $6.6bn valuation

  21-03-2019 00:10
  Jeans maker boosts IPO price following strong demand from investors
  
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