Retail news

• Sports Direct sheds 300 jobs by shutting Wigan warehouse

  15-04-2019 19:09
  Workers ‘in tears’ as union hits out at Mike Ashley’s ‘body blow’ to the regionSports Direct, owned by billionaire leisurewear tycoon Mike Ashley, is to close a warehouse in Wigan, Greater Manchester, with the loss of 300 jobs.In a move described as a “body blow” to the region by the GMB trade union, Sports Direct stunned workers by announcing it would shut the factory on 13 June. Employees, who mostly work packing goods for nationwide distribution, were
  
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• Accessorize and Monsoon to close stores to fix finances

  15-04-2019 18:11
  ‘Dozens’ of less profitable stores could be shut as chain starts insolvency procedureFashion chain Monsoon Accessorize has become the latest high street retailer to deploy the controversial tactic of closing stores and seeking rent reductions in a bid to mend its finances.Accountancy firm Deloitte has been hired to help the retailer secure a company voluntary arrangement (CVA), an insolvency procedure used by numerous struggling retailers and restaurant chains including Mothercare, N
  
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• Accessorize and Monsoon to close stores fix finances

  15-04-2019 18:11
  ‘Dozens’ of less profitable stores could be shut as chain starts insolvency procedureFashion chain Monsoon Accessorize has become the latest high street retailer to deploy the controversial tactic of closing stores and seeking rent reductions in a bid to mend its finances.Accountancy giant Deloitte has been hired to help the retailer secure a company voluntary arrangement (CVA), an insolvency procedure used by numerous struggling retailers and restaurant chains including Mothercare,
  
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• One in five UK post offices could close in next year, survey finds

  15-04-2019 17:39
  Biggest concerns for postmasters include falling incomes and higher costs
  More than one in five post offices could disappear over the next 12 months as the often self-employed postmasters struggle to earn a living amid lower wages and falling customer demand.A survey of 1,000 post office workers by the National Federation of SubPostmasters (NFSP) found that 22% are planning to close, hand on their business, or downsize over the next year as they go without holidays and take on extra jobs to make
  
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• Best Buy chief executive steps down after leading group’s rebound

  15-04-2019 14:46 via ft.com
  Financial director Corie Barry will replace Hubert Joly at helm of electronics goods retailer
  
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• Stop & Shop hit by strike as 31,000 workers walk off job

  15-04-2019 14:37
  Talks break down over healthcare, wages and pensionsCustomers respect picket lines at 240 stores in New EnglandMore than 31,000 employees of the grocery chain Stop & Shop walked off the job across New England last week, after the United Food and Commercial Workers International Union (UFCW) and management reached an impasse in negotiations.At the weekend, as the strikers attracted support from among others Senator Elizabeth Warren and former vice-president Joe Biden, the two sides restarted
  
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• Debenhams CEO Sergio Bucher set to step down

  15-04-2019 14:21 via ft.com
  Interim chairman Terry Duddy expected to take over after retailer’s administration
  
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• Retail footfall rises in March

  15-04-2019 09:20 via theretailbulletin.com
  Retail footfall rose by 1.4% year-on-year in March as stores benefited from the month’s milder weather.
  
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• Sainsbury's introduces the Evie electric van for grocery deliveries

  15-04-2019 09:13 via theretailbulletin.com
  Sainsbury’s has begun to deliver online grocery orders to customers in central and east London by a zero emission electric van.
  
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• The Entertainer to open Antrim store

  15-04-2019 08:59 via theretailbulletin.com
  Toy retailer The Entertainer is to open a new store at The Junction Retail and Leisure Park in Antrim this summer.
  
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• Retail footfall up 1.4% in March

  15-04-2019 08:59 via theretailbulletin.com
  Retail footfall rose by 1.4% year-on-year in March as stores benefited from the month’s milder weather.
  
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• FUCT fashion label takes its ‘scandalous’ trademark case to supreme court

  15-04-2019 07:00
  Lawyers for owner Erik Brunetti will argue he is been refused trademark protection because of label’s ‘vulgar’ nameOn Monday, the supreme court will hear from a clothing label which says it has been unfairly treated because of its “vulgar” name. Lawyers for Erik Brunetti, owner of the popular brand FUCT, will challenge the provisions of federal law that allows for “immoral or scandalous matter” to be refused trademark protection.Brunetti has run the Cali
  
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