Retail news

• Amazon profits more than double in first quarter

  25-04-2019 23:57
  Online retailer beats estimates but sales grow at slowest pace in four years
  
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• Mattel sales fall less than feared on Barbie, Jurassic World boost

  25-04-2019 23:38
  Toymaker reports narrower than expected loss and gross margin improvement
  
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• Microsoft hits $1tn valuation; Sainsbury-Asda merger blocked - as it happened

  25-04-2019 22:24
  All the latest economic and financial news, as tech stocks rally in New York and a UK supermarket merger is blockedLatest: Microsoft hits record highFacebook also rallyingEarlier:Latest: Sainsbury’s shares hit by merger woeIntroduction: CMA blocks deal to create UK’s biggest supermarketCMA feared rising prices and lower quality
  Sainsbury’s CEO Coupe under pressure (and not in the money)9.24pm BST And finally, Microsoft’s share have ended the day solidly in the green, up 3
  
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• Watchdog slays Sainsbury/Asda merger in the aisles

  25-04-2019 19:12
  Supermarket groups now left trying to digest how they got it so badly wrong
  
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• Last chance to register attendance for Completely Retail Marketplace UK

  25-04-2019 18:12 via theretailbulletin.com
  With just days to go until the show, retailers have until 5pm, Friday 26th April to register for free for Completely Retail Marketplace UK on 30th April at Old Billingsgate Market, London.
  
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• Microsoft hits $1tn valuation after strong results - business live

  25-04-2019 16:19
  All the latest economic and financial news, as tech stocks rally in New York and a UK supermarket merger is blockedLatest: Microsoft hits record highFacebook also rallyingEarlier:Latest: Sainsbury’s shares hit by merger woeIntroduction: CMA blocks deal to create UK’s biggest supermarketCMA feared rising prices and lower quality
  Sainsbury’s CEO Coupe under pressure (and not in the money)3.19pm BST Microsoft and Facebook have helped to push the Nasdaq index of technology stocks t
  
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• John Lewis chairman takes bonus for first time in 3 years

  25-04-2019 15:23
  Charlie Mayfield accepts cash despite staff having their bonuses slashed
  
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• Failed merger leaves Sainsbury's investors fearing there is no plan B

  25-04-2019 15:08
  Chief executive, Mike Coupe, is struggling to shake off the sense he is past his sell-by date Higher prices. Lower quality of service. A worse shopping experience. The Competition and Markets Authority could hardly have been more damning as it blocked the proposed merger between Sainsbury’s and Asda.In truth, the decision was not a surprise after the CMA published a preliminary report in February. The competition watchdog simply did not buy the argument from the two supermarket chains that
  
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• Sainsbury shares slide after Asda merger is blocked - business live

  25-04-2019 14:54
  Regulator thwarts supermarket deal, saying it would hurt customers and drive up pricesLatest: Sainsbury’s shares hit by merger woeIntroduction: CMA blocks deal to create UK’s biggest supermarketCMA feared rising prices and lower quality
  Sainsbury’s: Consumers would have been better off!Sainsbury’s CEO Coupe under pressure (and not in the money) 1.54pm BST It’s been a rough decade for Sainsbury’s shareholders, as this chart show: 1.46pm BST Newsflash: The numbe
  
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• Laura Ashley falls to all-time low on fresh profit warning

  25-04-2019 14:27
  Struggling chain says ‘very demanding third quarter’ to weigh on results
  
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• Boohoo hires new non-exec director

  25-04-2019 14:16 via theretailbulletin.com
  Online fashion retailer Boohoo has appointed Brian Small to its board as a non-executive director.
  
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• Sainsbury’s Coupe is no longer ‘In the Money’ — that’s a problem

  25-04-2019 13:00
  The supermarket boss failed to deliver a showstopper because he utterly misjudging his audience
  
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• Carpetright shares jump as UK sales improve ‘significantly’

  25-04-2019 12:26
  Flooring retailer expects to hit annualised £19m cash savings as restructure takes shape
  
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• Sainsbury shares near 25-year low after Asda merger is blocked - business live

  25-04-2019 12:16
  Regulator thwarts supermarket deal, saying it would hurt customers and drive up pricesLatest: Sainsbury’s shares hit by merger woeIntroduction: CMA blocks deal to create UK’s biggest supermarketCMA feared rising prices and lower quality
  Sainsbury’s: Consumers would have been better off!Sainsbury’s CEO Coupe under pressure (and not in the money) 11.16am BST An influential group of academics supported by John McDonnell, Ed Miliband and Caroline Lucas have launched a radical
  
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• Weak Indian pen sales hit revenues at stationery maker Bic

  25-04-2019 10:31
  Shares dip as group also hurt by declining demand for lighters in North America
  
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• Sainsbury shares slump to 33-month low after Asda merger is blocked - business live

  25-04-2019 10:11
  Rolling coverage of the latest economic and financial newsLatest: Sainsbury’s shares hit by merger woeIntroduction: CMA blocks deal to create UK’s biggest supermarketCMA feared rising prices and lower quality
  Sainsbury’s: Consumers would have been better off!Sainsbury’s CEO Coupe under pressure (and not in the money) 9.11am BST Despite that criticism, Clive Black isn’t in the “Mike Coupe must go” camp.He writes:Mr Coupe was bold in seeking this merger an
  
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• CMA blocks proposed merger of Asda and Sainsbury's

  25-04-2019 09:29 via theretailbulletin.com
  The Competitions and Markets Authority has blocked the proposed merger of the Asda and Sainsbury’s supermarket chains after finding that it would make UK shoppers worse off.
  
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• Carpetright performance in line with expectations

  25-04-2019 08:59 via theretailbulletin.com
  Carpetright has said its trading was in line with expectations in the 12 weeks to 20 April and reported that its UK like-for-likes sales improved “significantly” in the period.
  
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• Carpetright says UK sales improve ‘significantly’ after revamp

  25-04-2019 08:55
  London-listed floor specialist expects to hit annualised £19m cash savings
  
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• Hermès quarterly earnings boosted by accelerating sales from China

  25-04-2019 08:25
  French luxury group surpasses expectations as all regions record double-digit growth
  
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• Competition watchdog blocks Sainsburys and Asda merger - business live

  25-04-2019 08:25
  Rolling coverage of the latest economic and financial newsIntroduction: CMA blocks deal to create UK’s biggest supermarketDeal would have been ‘bad for consumers’Sainsbury’s: Consumers would have been better off! 7.25am BST Sainsbury has confirmed that its £7bn takeover of Asda is now dead. CEO Mike Coupe (for whom today’s ruling is a bitter blow) says the two companies have agreed to terminate the transation.“The specific reason for wanting to merge was
  
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• Sainsbury's-Asda merger blocked by competition watchdog

  25-04-2019 08:20
  Competition and Markets Authority says UK shoppers and motorists would be worse off The merger between Sainsbury’s and Asda has been torpedoed by Britain’s competition watchdog, which said the £7bn deal threatened to push up prices and reduce the choice and quality of products on sale.In its final report the Competition and Markets Authority (CMA) said that UK shoppers and motorists would be worse off if Sainsbury’s and Asda – the UK’s second and third-largest
  
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• Lululemon implements 'Power of Three' growth strategy

  25-04-2019 08:20 via theretailbulletin.com
  Yoga and running gear retailer Lululemon has announced plans for a new growth strategy for the next five years.
  
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• Time to take stock of Debenhams run-around refund policy

  25-04-2019 08:00
  They couldn’t supply two bridesmaid dresses but refused to give me my money backI’m being given the run-around by Debenhams, which won’t refund £180 for an item that is out of stock. I ordered two bridesmaid dresses on 21 March, promising delivery by 27 March. By 26 March, I still had no dispatch email. I asked for a refund but was told I couldn’t have it as they are now in the “dispatch process”. Five days later there was still no sign of them. I was th
  
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• Boohoo sales soar after taking 'fashion for all' approach

  25-04-2019 07:00
  The group, which owns PrettyLittleThing, sells latest bodycon dresses up to a size 26Sales at Boohoo are rocketing after the online fashion group embraced plus-sized models and started selling the latest bodycon dresses, miniskirts and swimsuits in up to a size 26.Boohoo co-founder Carol Kane said the company’s “fashion for all” approach had fuelled growth at the group, which also owns the PrettyLittleThing (PLT) online brand. “We’ve taken a bodycon dress and put it
  
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• Bohoo sales soar after taking 'fashion for all' approach

  25-04-2019 07:00
  The group, which owns PrettyLittleThing, sells latest bodycon dresses up to a size 26Sales at Boohoo are rocketing after the online fashion group embraced plus-sized models and started selling the latest bodycon dresses, miniskirts and swimsuits in up to a size 26.Boohoo co-founder Carol Kane said the company’s “fashion for all” approach had fuelled growth at the group, which also owns the PrettyLittleThing (PLT) online brand. “We’ve taken a bodycon dress and put it
  
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