Retail news

• Thomas Cook warns of risk it breached its own borrowing limits

  12-04-2019 18:26
  Latest in a string of woes surfaces during strategic review into the travel company’s airline
  
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• Jumia becomes first African start-up to list in New York

  12-04-2019 17:11
  E-commerce company dubbed ‘Africa’s Amazon’ valued at more than $1bn
  
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• Fleabag effect sees surge in sales of jumpsuits and red dresses

  12-04-2019 13:34 via theguardian.com
  Shoppers keen to copy style of Phoebe Waller-Bridge’s character have brands scrambling to keep up with demandMove over, Meghan Markle; move over, Kate Moss. The newest style icon to have “effect” attached to their name is the soul-searching, relatable millennial Fleabag. In the aftermath of Monday night’s final episode, the titular character’s wardrobe choices have become just as much a talking point as “hot priests” – and this has proved profitabl
  
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• LK Bennett sold to Chinese partner but 15 stores will close

  12-04-2019 13:18 via theguardian.com
  Rebecca Feng buys retailer out of administration after interest from Mike AshleyLK Bennett has been bought out of administration by its Chinese franchise partner, Rebecca Feng, who fought off competition from Sports Direct’s Mike Ashley.The deal saves 21 stores, all the group’s concessions and 325 jobs, but 15 LK Bennett shops are to close, with the loss of 110 jobs. All gift cards, refunds and orders will be honoured as part of the transaction. Continue reading...
  
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• China franchisee acquires most of fashion retailer LK Bennett

  12-04-2019 13:00
  A Duchess of Cambridge favourite, UK shoe store chain will transfer assets to Byland
  
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• Thomas Cook warns it could have breached its own borrowing limits

  12-04-2019 12:21
  Problem is latest in string of woes for travel company
  
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• Salesforce and Adobe announce they’re working on a CDP

  12-04-2019 12:07 via theretailbulletin.com
  Salesforce and Adobe have both announced (within a day of one another) that they are each working on developing a CDP - customer data platform...
  
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• Games Workshop expects rise in full year profit

  12-04-2019 09:56 via theretailbulletin.com
  Games Workshop has said it expects to post a rise in full year profit as it reported that it had continued to experience good trading since the issue of its interim results in January.
  
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• Bonmarché says takeover offer undervalues the business

  12-04-2019 09:42 via theretailbulletin.com
  The board of women’s fashion retailer Bonmarché has said the full offer made for the business by Philip Day’s Spectre Holdings earlier this month materially undervalues the business and its future prospects.
  
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• Waitrose launches gin tasting experience

  12-04-2019 09:27 via theretailbulletin.com
  Waitrose has launched a new gin tasting experience where customers and their guests can enjoy five different gins without leaving the comfort of their home.
  
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• Asda to increase basic hourly rate in return for more flexible hours

  12-04-2019 08:30 via theretailbulletin.com
  Asda is planning to move all its hourly-paid retail staff in England, Scotland and Wales to a new, standardised contract as it looks to streamline its existing six different contract types into one.
  
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• Luxury brands focus on China’s younger consumers

  12-04-2019 06:00
  Spending defies economic slowdown with more shoppers ready to splash out on upmarket goods
  
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