Retail news

• French tycoons kick-start Notre-Dame ‘battle of generosity’

  16-04-2019 20:05
  Reconstruction fund reaches €700m after big donations from Pinault and Arnault families
  
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• Asda staff could end up £500 worse off under wage changes, says MP

  16-04-2019 19:23
  Siobhain McDonagh says plans, including end of paid breaks, could impact 3,000 staffAsda has been accused of planning to cut the pay of 3,000 supermarket staff, under proposed changes to employee contracts that will end paid breaks.The supermarket confirmed last week that consultations were taking place to simplify terms for hourly paid workers and increase the basic rate of pay to £9 per hour. Related: Asda shopworkers win landmark ruling in equal pay disputeContinue reading...
  
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• JD Sports hails strong full year results

  16-04-2019 13:23 via theretailbulletin.com
  JD Sports saw its pre-tax profit rise by 15.4% to £339.9 million in the year to 2 February.
  
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• JD Sports bucks the retail trend and runs up a record annual profit

  16-04-2019 12:21
  Pretax profits up 15% as sportswear company presses on with expansion into the USJD Sports bucked the trend on Britain’s struggling high streets with record annual profits as the retailer capitalised on rising consumer demand for sports fashion and pressed ahead with expansion in the US.Pretax profits jumped 15% to £340m and like-for-like sales were up 6% in the year to 2 February, making it a standout performer at a time when some of the biggest names in retail are being forced to c
  
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• JD Sports bucks retail trend and runs up a record annual profit

  16-04-2019 12:21
  Pretax profits up 15% as sportswear company presses on with expansion into USShares in JD Sports soared to a record high as the retailer unveiled a leap in profits despite the gloom on Britain’s struggling high streets.Profits jumped 15% to £340m and like-for-like sales – which exclude gains from new shopfloor space – were up 6% in the year to 2 February, making JD a standout performer when some of the biggest names in retail are being forced to close stores amid rising c
  
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• Zalando climbs on surprise first-quarter profit signal

  16-04-2019 10:51
  Europe’s biggest fashion retailer expects earnings to be in ‘single-digit millions’
  
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• Card Factory posts drop in profit

  16-04-2019 09:46 via theretailbulletin.com
  Greeting cards retailer Card Factory has reported a decline in full year profits after trading was impacted by lower high street footfall.
  
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• The Body Shop to move UK headquarters

  16-04-2019 09:45 via theretailbulletin.com
  The Body Shop is to relocate its UK headquarters from Croydon to London’s Tooley Street.
  
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• Intu launches in-store cashback app

  16-04-2019 09:45 via theretailbulletin.com
  Shopping centre owner Intu is piloting an in-store cashback app as it looks to help retailers to drive footfall by rewarding customers for spending in physical stores.
  
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• JD Sports sales rise despite decline on UK high street

  16-04-2019 09:04
  Sportswear retailer outperforms market as like-for-like revenue increases 6 per cent
  
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• JD Sports sales rise despite decline in UK high street

  16-04-2019 09:04
  Sportswear retailer outperforms market as like-for-like revenue increases 6 per cent
  
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• Monsoon Accessorize poised to close stores

  16-04-2019 08:45
  UK fashion chain set to use controversial method to restructure struggling business
  
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• Saudi Arabia shopping mall operator plans $1.2bn IPO

  16-04-2019 06:00
  Arabian Centres to test investor confidence in kingdom’s biggest listing for years
  
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