Retail news

• Sea’s e-commerce arm set to turn profit ‘in couple of years’

  26-03-2019 23:00 via ft.com
  Shopee has focused on building scale to face competition
  
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• Fevertree looks to ginger ale drinkers for tonic

  26-03-2019 22:31 via ft.com
  Given the rate of consumption, investors must ask ‘can we really go on like this?’
  
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• How has Brexit vote affected the UK economy? March verdict

  26-03-2019 19:35
  Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and tradeUK economy remains afloat despite Brexit shenanigans Continue reading...
  
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• Authors back Waterstones’ staff campaign for living wage

  26-03-2019 18:48 via ft.com
  Bookseller says emphasis is on career progression rather than starting rates of pay
  
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• Activist funds seek to replace Bed Bath & Beyond board

  26-03-2019 14:00 via ft.com
  Shares rise after group of investors demands new chief executive and shift in strategy
  
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• Waterstones says it can't pay living wage, as 1,300 authors support staff appeal

  26-03-2019 13:28
  Managing director says book chain ‘simply not profitable enough’, as Sally Rooney, Val McDermid and other authors write to protestMore than 1,300 writers including Kerry Hudson, David Nicholls, Sally Rooney, Michael Rosen and Val McDermid have backed a campaign for Waterstones booksellers to be paid the living wage.The support follows a petition from staff at Waterstones, signed by more than 6,000 people, which calls on the book chain’s managing director, James Daunt, to pay bo
  
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• Debenhams presses ahead with £200m lenders' rescue plan

  26-03-2019 13:17
  Department store says it will still consider a firm offer from Mike Ashley’s Sports DirectDebenhams is forging ahead with plans for a £200m rescue deal with its lenders as it said a potential bid from Sports Direct would come too late to provide the funds needed to keep the department store afloat.In a statement to the stock market, the ailing department store said it would give “due consideration” to any firm offer from Sports Direct, which announced on Monday that it wa
  
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• Sports Direct considers Debenhams takeover

  26-03-2019 09:58 via ft.com
  Possible all-cash offer comes as lenders look to take control
  
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• Moss Bros swings to full year loss

  26-03-2019 09:40 via theretailbulletin.com
  Men’s formalwear retailer Moss Bros has reported a full year adjusted loss before tax of £0.4 million compared to a profit of £6.7 million in the previous year.
  
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• Ocado signs online grocery deal with Australia's Coles

  26-03-2019 09:34 via theretailbulletin.com
  Ocado has signed a deal with Coles Group in which it will supply its logistics technology to help Coles further develop its online grocery business in Australia.
  
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• Nisa embarks on new partnership with Dobbies

  26-03-2019 09:21 via theretailbulletin.com
  Nisa Retail has signed a deal with Dobbies to support the garden centre chain’s new foodhall strategy across 35 stores.
  
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• Ocado strikes technology partnership with Australia’s Coles 

  26-03-2019 09:09 via ft.com
  Deal is latest in global push for the British online grocery service
  
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• FatFace upsizes Cardiff store

  26-03-2019 09:00 via theretailbulletin.com
  Lifestyle clothing brand Fatface has opened a bigger and newly refurbished store at the St David’s retail and leisure destination in Cardiff.
  
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• Brexit drives warehouse move to jobs black spot

  26-03-2019 05:00 via ft.com
  Logistics group expands in Sheffield as labour shortages force groups to change tack
  
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