Retail news

• P&G buoyed by higher prices as it lifts sales outlook

  23-04-2019 19:58
  Company has pushed up prices on household products in recent months
  
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• Chummy automation: why no one wants Ant and Dec to voice the M&S tills

  23-04-2019 18:19
  The duo are currently the voices of the store’s self-checkout system. But shoppers don’t seem especially keen …It’s just after 9am on the first day back to work after the Easter bank holiday weekend, and, in London, shopper Tracey Venning is battling to get her breakfast past the Marks & Spencer self-service checkout in St Pancras station. Through no fault of her own, each scan is greeted by the shouts of Ant and Dec, their normally soothing prime-time geordie lilt d
  
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• Majestic Wine could sell all UK stores in shift online

  23-04-2019 17:28
  Britain’s largest specialist wine retailer mulling options for its 200 UK outlets as sales slowMajestic Wine, the UK’s largest specialist wine retailer, is considering selling all of its British shops and becoming an online-only operation under the Naked Wines brand.The company has appointed Rothschild & Co investment bank to work on options for a sale of part of the business, with a decision to be announced at its full-year results presentation on 13 June. Continue reading...
  
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• Ahold Delhaize: Frans folds his hand

  23-04-2019 17:03
  US grocery chain boss takes a drubbing from trade unionists
  
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• Supermarkets/property: all over the shop

  23-04-2019 16:48
  Battle for market share will undercut the value of those with short leases
  
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• Sainsbury's and British Land sell 12 superstores to US firm for £492m

  23-04-2019 15:45
  Property company cites poor UK retail market as reason for joint venture saleSainsbury’s and British Land have sold 12 superstores to a US property investment company for £492m, amid a struggling retail property market.The sale to San Diego-based Realty Income Corporation will give Sainsbury’s net proceeds of £133m. British Land’s share of the sale will be £193.5m, although net proceeds will only be £95m after debt and contract break costs, it said in a
  
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• British Land sells £429m of Sainsbury’s superstores

  23-04-2019 10:24
  Group seeks to reduce its retail property portfolio amid troubles in the sector
  
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• Good weather boosts Easter high street footfall

  23-04-2019 09:46 via theretailbulletin.com
  New figures have shown that there was an increase in retail footfall over the bank holiday weekend compared to Easter last year.
  
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• WH Smith appoints Ziad El-Assad to lead US expansion

  23-04-2019 09:32 via theretailbulletin.com
  WH Smith has appointed Ziad El-Assad to the role of senior vice president of business development for its US business.
  
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• British Land exchanges on the disposal of £429m of Sainsbury's superstores

  23-04-2019 09:26 via theretailbulletin.com
  British Land has exchanged on the sale of 12 superstores from its joint venture with Sainsbury's in a £429 million deal.
  
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• Ahold Delhaize says US strikes will hit profits

  23-04-2019 09:26
  Belgian-Dutch group agrees to pay increases for Stop & Shop workers after 10-day walkout
  
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• Ahold Delhaize says US strikes will hit food retailer’s profits

  23-04-2019 09:26
  Belgian-Dutch group agrees to pay increases for Stop & Shop workers after 10-day walkout
  
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• UK sees uplift in spend by US shoppers

  23-04-2019 09:19 via theretailbulletin.com
  New data from Global Blue shows that spend by shoppers visiting the UK from the US was up 30% this March compared to the same month in 2018.
  
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• French retailer Casino expands Amazon partnership

  23-04-2019 09:15
  Supermarket group will sell its brands on the site and will deploy pick-up service
  
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• British craft beer boom stalls as big drinks companies muscle in

  23-04-2019 01:01
  Eight new breweries open in past year, down from 390 the year beforeThe UK’s craft beer boom has stalled in the past year, with eight new breweries opening compared with 390 in the previous 12 months.As global drinks companies have muscled in on the craft brewing sector, buying up several of the most successful “artisan” brands, the growth in the total number of breweries was the slowest in five years.Continue reading...
  
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