Retail news

• Ashley can rage, but his Debenhams offer had limited appeal | Nils Pratley

  09-04-2019 20:31
  Sports Direct owner’s analysis is pure bluster: its offers of help came with too many conditions attached In one respect – and perhaps one only – you can sympathise with Mike Ashley. Rereading the bulletins from Debenhams’ boardroom in the past 18 months, you wonder when the directors realised what a hole the department store group was in.In October 2017, the board declared a same-again dividend costing £42m because of the “continued cash generation and confid
  
  Read more

• Sports Direct has lost nearly £500m on a series of retail punts

  09-04-2019 20:08
  Debenhams stake becomes part of group’s mixed history of ‘strategic investments’Sports Direct’s write-off of at least £150m of investment in Debenhams shares is part of a mixed history of investing in the stock market.The group partly sees its “strategic investments” as a tool to gain influence over the boards of companies it is interested in working more closely with. Although Sports Direct made money on these stakes in some cases, including rival JD Sp
  
  Read more

• Debenhams in administration: a timeline

  09-04-2019 19:59
  Lenders take control of a UK high street stalwart
  
  Read more

• Hornby/model makers: out of steam

  09-04-2019 19:16
  Games Workshop offers clues on how specialist toy businesses can endure
  
  Read more

• Advertisement

• Horror on the Hudson: New York's $25bn architectural fiasco

  09-04-2019 17:23
  It is a billionaires’ playground where haircuts cost $800 and high-rise duplexes go for $32m. So why do the angular towers of Hudson Yards look so cheap?‘One thing that’s always been true in New York,” says Dan Doctoroff, “is that if you build it, they will come.” He is referring to Hudson Yards, the $25bn, 28-acre, mega-project that he had a critical hand in originating while he was deputy mayor of the city under Michael Bloomberg in the early 2000s. He can n
  
  Read more

• Debenhams enters administration as lenders take control

  09-04-2019 16:37 via theretailbulletin.com
  The Debenhams department store chain has entered administration and been sold as part of a prepack administration process to a group controlled by its lenders.
  
  Read more

• AURES UK Brand New Inovations for 2019

  09-04-2019 16:36 via theretailbulletin.com
  AURES will showcase its latest innovations with their partners at this year’s RetailEXPO, at Olympia London on the 1st and 2nd of May. Two ranges of POS and new KIOSK hardware solutions designed to simplify and streamline the customer journey and experience at the point of service.
  
  Read more

• AURES UK brand new innovations for 2019

  09-04-2019 16:36 via theretailbulletin.com
  AURES will showcase its latest innovations with their partners at this year’s RetailEXPO, at Olympia London on the 1st and 2nd of May. Two ranges of POS and new KIOSK hardware solutions designed to simplify and streamline the customer journey and experience at the point of service.
  
  Read more

• Advertisement

• Debenhams/department stores: the end of Emp ire

  09-04-2019 15:55
  A greater imperium is tottering while angry Mike Ashley failed to win hearts and minds
  
  Read more

• City Pub Group swings to profit as it expands in south England

  09-04-2019 12:55
  Aim-listed company scoops up prime locations in cathedral cities and market towns
  
  Read more

• Debenhams taken over by lenders, wiping out Mike Ashley's stake

  09-04-2019 12:26
  Founder of Sports Direct had ploughed at least £150m into department store group Debenhams has been taken over by its lenders, wiping out shareholders including Mike Ashley’s Sports Direct and paving the way for store closures that will put thousands of jobs at risk.The department store group’s 165 outlets will continue to trade under a pre-pack deal that only affects its listed holding company. Continue reading...
  
  Read more

• Debenhams falls into administration, wiping out Mike Ashley's stake

  09-04-2019 12:26
  Founder of Sports Direct had ploughed at least £150m into department store group Debenhams has been taken over by its lenders after the department store group fell into administration, wiping out shareholders including Mike Ashley’s Sports Direct and paving the way for store closures that will put thousands of jobs at risk.The retailer’s 165 UK outlets will continue to trade under the pre-pack administration deal that affects its listed holding company only. Cost-cutting plans
  
  Read more

• Debenhams on brink of administration despite Mike Ashley's last-ditch £200m offer

  09-04-2019 11:39
  Department store expected to fall into hands of lenders, wiping out shareholdersMike Ashley’s Sports Direct has offered Debenhams a £200m cash injection in a last-ditch attempt to strike a deal that would prevent its stake in the business being wiped out.But the department store group is expected to reject the latest offer, as it is still tied to Ashley being appointed chief executive, which the group’s lenders oppose. Continue reading...
  
  Read more

• Sosandar full year results to be in line with expectations

  09-04-2019 09:48 via theretailbulletin.com
  Online women’s fashion retailer Sosandar expects to report full year revenue growth comfortably in line with market expectations, with an uplift of 228% to £4.44 million.
  
  Read more

• PUMA introduces augmented reality shoe

  09-04-2019 09:47 via theretailbulletin.com
  Sportswear brand PUMA has launched an augmented reality shoe called the LQD CELL Origin AR that allows users to play interactive games and bring the shoe to life with an app.
  
  Read more

• Oh Polly reports strong year-on-year growth

  09-04-2019 09:47 via theretailbulletin.com
  Online fashion retailer Oh Polly brought in record revenues of £15.6 million in 2018 after benefiting from strong demand for its bodycon range of clothing.
  
  Read more

• Monki launches sustainable swimswear collection

  09-04-2019 09:47 via theretailbulletin.com
  H&M owned Monki is launching its first sustainable swimwear collection as it moves one step closer to its 2030 goal of sourcing only recycled or more sustainable materials.
  
  Read more

• Debenhams on brink despite Mike Ashley's last-ditch £200m offer

  09-04-2019 08:46
  Department store expected to fall into hands of lenders, wiping out shareholdersMike Ashley’s Sports Direct has offered Debenhams a £200m cash injection in a last-ditch attempt to strike a deal that would prevent its stake in the business being wiped out.But the department store group is expected to reject the latest offer, as it is still tied to Ashley being appointed chief executive, which the group’s lenders oppose. Continue reading...
  
  Read more

• Tough Sycamore tactics help it survive in brutal retail

  09-04-2019 05:00
  Private equity firm won its Nine West battle and scored $1bn dividend from Staples
  
  Read more

• Shoppers hold back spending in run-up to Brexit date

  09-04-2019 01:01
  Retail sales growth of 0.6% in first quarter compares with 1.8% a year earlier
  
  Read more

• Shoppers hold back spending as uncertainty bites

  09-04-2019 01:01
  Retail sales growth of 0.6% in first quarter compares with 1.8% a year earlier
  
  Read more

• Shoppers avoiding big buys due to Brexit uncertainty – retailers

  09-04-2019 01:01
  Prices will rise and choices shrink on shelves unless MPs block no deal, says BRC chiefBritain’s retailers have warned that Brexit uncertainty is holding consumers back from making bigger purchases, after a disappointing month for sales in March.The British Retail Consortium (BRC) and the accountancy firm KPMG said sales growth dropped to 0.5% in the year to March, down from an annual growth of 2.3% a year ago, as consumers held back from spending on big-ticket items. Continue reading...
  
  Read more

Follow @retailuknws on Twitter!