Retail news

• Business leaders say they are fed up paying price of uncertainty

  29-03-2019 17:54
  All steps need to be taken to prevent no-deal Brexit, which they view as hugely damagingBusiness leaders have reacted with frustration and warned that Britain is increasingly succumbing to Brexit fatigue, severely damaging the economy, after parliament again failed to break the deadlock over leaving the EU.After Theresa May’s Brexit plan was defeated for a third time on Friday, throwing the country into yet more turmoil while paving the way for a potential no-deal departure from as early a
  
  Read more

• Dunkerton says he has backing to return to Superdry board

  29-03-2019 17:51
  Former chief says support of Investec and Schroders means 40% of shareholders back himOne of the Superdry founders believes he has won the support of two key shareholders in his bid to get back into the boardroom at the ailing fashion retailer next week.Investec and Schroders, which together control just under 9% of Superdry, are understood to be ready to back the reappointment of Julian Dunkerton as a director. Continue reading...
  
  Read more

• Fashion retailer Select lines up administrators, with 2,000 jobs at risk

  29-03-2019 16:32
  Clothing chain’s troubles come as millennials shun shops and buy online The fashion retailer Select is preparing to call in administrators, putting 2,000 jobs at risk.The cut-price clothing chain, whose target market is 18-45 year-old women, last year resorted to a company voluntary arrangement, a form of insolvency, to cut its rent bill and stay in business. Continue reading...
  
  Read more

• Fashion retailer Select calls in administrator, with 2,000 jobs at risk

  29-03-2019 16:32
  Clothing chain’s troubles come as millennials shun shops and buy online The fashion retailer Select is preparing to call in administrators, putting 2,000 jobs at risk.The cut-price clothing chain, whose target market is 18-45 year-old women, last year resorted to a company voluntary arrangement, a form of insolvency, to cut its rent bill and stay in business. Continue reading...
  
  Read more

• Advertisement

• Debenhams secures £200 million financing deal

  29-03-2019 16:00 via theretailbulletin.com
  Debenhams has announced that it has secured the support of its lenders in the form of a £200 million financing deal.
  
  Read more

• John Bloom, entrepreneur, 1931-2019

  29-03-2019 13:27
  Washing machine salesman with ‘a touch of genius’ who made millions
  
  Read more

• Debenhams offers Sports Direct chance to keep stake as it wins £200m lifeline

  29-03-2019 12:57
  Move comes after Mike Ashley hit out at department store chain’s advisersDebenhams has offered Sports Direct a chance to hold on to its stake in the company by making a firm bid for the business or injecting new money as part of a £200m rescue finance package.The statement was issued hours after Mike Ashley launched a stinging attack on advisers to the department stores group, saying they should be jailed after Debenhams rejected a potential takeover bid from the founder and chief ex
  
  Read more

• My close shave with blades in the mail

  29-03-2019 11:59
  The mail-order club’s razor may boast a ‘weighted core’, but is that reason enough to complicate my life?
  
  Read more

• Advertisement

• Mike Ashley hits out at Debenhams advisers as stake could be wiped out

  29-03-2019 11:38
  Potential takeover bid from Sports Direct founder rejected in favour of refinancing plansMike Ashley has launched a stinging attack on advisers to Debenhams after the department store chain’s bondholders cleared the way for a £200m refinancing that would wipe out his 29% stake.The founder and chief executive of Sports Direct said advisers should be jailed after Debenhams rejected a potential takeover bid from Ashley in favour of pressing ahead with its refinancing plans. Continue rea
  
  Read more

• Neom appoints new chairman

  29-03-2019 09:56 via theretailbulletin.com
  Neom, the wellbeing and beauty brand, has appointed former L’Occitane managing director Emmanuel Osti as chairman.
  
  Read more

• Insight: London takes top spot for worldwide luxury store openings

  29-03-2019 09:51 via theretailbulletin.com
  London took the top spot for luxury store openings worldwide in 2018, according to new research.
  
  Read more

• Mike Ashley voices anger after Debenhams bondholders' decision

  29-03-2019 09:46 via theretailbulletin.com
  Sports Direct chief executive Mike Ashley has hit out at advisors to the Debenhams department store chain after it confirmed that its bondholders have agreed to change the terms of some of their bonds to enable it to move a step closer to securing a £200 million loan from its existing lenders.
  
  Read more

• Strategy change at H&M shows signs of bearing fruit

  29-03-2019 09:09
  Swedish fashion retailer expects trend of better inventory levels and fewer discounts to continue
  
  Read more

• Reduced markdowns drive up revenue at retailer H&M

  29-03-2019 09:09
  Costs of a company overhaul push profits to fall again at Swedish fashion group
  
  Read more

Follow @retailuknws on Twitter!