Retail news

• Boots profits plunge as high-street slump hits chemist chain

  13-05-2019 20:27
  Retailer reports 18.3% fall and warns it could close stores as part of cost-cutting drive
  Profits from Boots’ UK stores slumped by almost a fifth last year as sales fell at Britain’s largest chain of chemists.Boots UK, which is owned by the US company Walgreens Boots Alliance, reported profits of £317m in 2018, a fall of 18.3% compared with 2017, according to its latest accounts. Continue reading...
  
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• Centrica hasn’t checked the weather on £2m CEO pay

  13-05-2019 18:49
  Iain Conn’s 44% rise comes despite the closest thing to a profit warning
  
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• Jumia/African tech: click wait

  13-05-2019 17:45
  The ecommerce group has plenty of work to do
  
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• Retail margin slump laid bare as sales boom but profits slide

  13-05-2019 16:54
  New analysis shows impact of digital and discount disrupters on UK shopping sector
  
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• Jumia denies fraud allegations that have wiped 50% off stock

  13-05-2019 15:08
  Africa-focused ecommerce group ‘completely stands by’ filings with US SEC
  
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• Jumia denies fraud allegations as shares continue to fall

  13-05-2019 15:08
  Africa-focused ecommerce group ‘completely stands by’ filings with US SEC
  
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• Retail footfall declines in April as vacancy rate reaches highest level in four years

  13-05-2019 10:05 via theretailbulletin.com
  New figures have shown that UK retail footfall edged down by 0.5% in April compared to the same month last year.
  
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• Oseyo opens supermarket in London's Chinatown

  13-05-2019 09:40 via theretailbulletin.com
  Korean supermarket Oseyo has opened a new store in London's Chinatown district.
  
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• Sainsbury's launches greeting card range to celebrate Pride

  13-05-2019 07:41 via theretailbulletin.com
  Sainsbury’s has announced that it has become the first supermarket to launch an exclusive range of greetings cards to celebrate Pride 2019.
  
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• Rethinking Fraud Is Secret to Recovering Ecommerce’s Lost Revenue

  13-05-2019 07:27 via theretailbulletin.com
  Changing ecommerce protection can increase revenue by 3.2% and remove chargeback liability once and for all.
  
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• 'Did they even visit?': life on the supposed 'worst high street' in Britain

  13-05-2019 07:00
  A London property consultancy has named Shields Road, Newcastle, the least vital high street in the UK – but locals say the report is classist, insulting and confuses ‘good’ with ‘rich’
  On Shields Road in Newcastle, Steve Compton is cutting the hair of a man in his 50s. The atmosphere in Compton’s barber shop is cheerful – and stays cheerful even after one of the customers raises the subject of a recent report by a retail consultancy that labelled Shield
  
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• UK high streets 'in downward spiral' with one in 10 shops empty

  13-05-2019 01:01
  National town centre vacancy rate at highest level since April 2015, shows BRC monitorOne in 10 shops in UK town centres are lying empty, according to figures that underline the scale of the high street crisis.The national town centre vacancy rate climbed to a four-year high of 10.2% last month, according to the British Retail Consortium (BRC) vacancies monitor. The vacancy rate has risen in each of the last four quarters to give the highest reading since April 2015, up from 9.9% three months ag
  
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