Retail news

• Debenhams sale process ends with no acceptable bids

  08-05-2019 23:34 via ft.com
  Creditors left in full charge of department store group
  
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• House of Fraser: up to seven stores to become luxury mini-chain

  08-05-2019 20:29
  Mike Ashley plans for branches to be renamed Frasers and stock designer labelsMike Ashley is preparing to invest millions of pounds in turning up to seven of House of Fraser’s 50-plus stores into a new luxury mini-chain to be called Frasers.The Sports Direct boss, whose retail group bought House of Fraser out of administration for £90m in August last year, has told suppliers he wants to divide the group into two divisions, with Frasers stocking more designer labels and House of Frase
  
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• German retailer Metro begins exclusive talks over sale of Real

  08-05-2019 19:32 via ft.com
  Deal talks involve a consortium of buyers led by Redos
  
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• Debenhams set to clash with Mike Ashley's Sports Direct group

  08-05-2019 18:52
  Ashley’s representative expected to vote against retailer’s’ plan to close 22 storesDebenhams is set for another clash with Mike Ashley’s Sports Direct group at a meeting to approve a plan for at least 22 store closures on Thursday.The billionaire, whose attempt to take control of the ailing department store group was thwarted when it was taken over by lenders in April, is expected to send along a representative to ask tough questions and vote against the plan at the meet
  
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• Are these the worst supermarket substitutions ever?

  08-05-2019 17:33
  Spring onions instead of spring flowers, Monster Munch instead of an ab wheel – how do packers get it so spectacularly wrong?An ill-judged supermarket substitution can derail major life events. This week, Sheree Scanlon ordered a birthday cake candle for her daughter, in the shape of a five. Tesco was out of fives, so sent two twos and a one instead. However, Scanlon didn’t want to top her child’s unicorn cake with a maths lesson.When supermarket substitutions miss the mark, th
  
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• Joules hires new chief executive

  08-05-2019 17:15 via theretailbulletin.com
  Joules has appointed Asda director Nick Jones as its new chief executive.  
  
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• Coty revenues worse than feared on mass market weakness

  08-05-2019 14:07 via ft.com
  Chief executive says more work needed to turnround business
  
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• Alibaba intensifies push into global ecommece

  08-05-2019 12:41 via ft.com
  Read more in Tech Scroll Asia, your guide to the exuberant world of Asian tech
  
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• Footasylum Outperforms Industry With Ai-Driven Social Marketing Strategy

  08-05-2019 12:16 via theretailbulletin.com
  Leading footwear fashion retailer Footasylum PLC (‘Footasylum’) is reaping the reward of being an artificial intelligence (AI)-driven retailer, reporting a return on advertising spend (ROAS) that’s 30 times higher than the industry average of 286% per cent.
  
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• Clothing group Joules appoints retail veteran as new CEO

  08-05-2019 10:55 via ft.com
  Nick Jones will take the reins at the UK retailer by the end of the year
  
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• US strikes yet to dent profits at retailer Ahold Delhaize

  08-05-2019 10:08 via ft.com
  Dutch-Belgian food group reports first-quarter results in line with expectations
  
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• Travis Perkins reports strong like-for-like sales uplifts at Wickes and Toolstation

  08-05-2019 09:00 via theretailbulletin.com
  Travis Perkins has reported that its Wickes and Toolstation businesses made a good start to the year with strong uplifts in like-for-like sales in the company’s first quarter.
  
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• Tesco offers discounted 'Clubcard Prices' as part of centenary celebrations

  08-05-2019 09:00 via theretailbulletin.com
  Tesco is offering its 19 million Clubcard holders discounts of between 15% and 50%on selected products such as coffee, pet food, televisions and BBQs as part of its centenary celebrations.
  
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• WH Smith signs contract to open stores at Bahrain International Airport

  08-05-2019 07:50 via theretailbulletin.com
  WH Smith has secured a contract to open two stores in partnership with That Al Salasil at the new passenger terminal in Bahrain International Airport.
  
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• Business leaders to call for review of 'broken' rate system

  08-05-2019 07:01
  The ‘uneconomical, unsustainable and unintelligible’ regime is harming retail – CBI chiefThe president of the CBI is to call for an independent review of an “uneconomical, unsustainable and unintelligible” business rate regime that is making the high street crisis worse.The business group’s president John Allan will tell business leaders on Wednesday the “broken system” had contributed to the failure of struggling retailers such Debenhams, with the
  
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• Alibaba steps up competition with Amazon in global market

  08-05-2019 06:26 via ft.com
  Group to allow more vendors outside China to use its platform to sell goods internationally
  
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• UK consumer spending picks up after Brexit delay

  08-05-2019 01:01 via ft.com
  Warmer weather and later Easter help to drive recovery after winter gloom
  
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