Retail news

• Ralph Lauren North America sales decline amid fewer discounts

  14-05-2019 19:09
  Retailer’s adjusted earnings top view as turnround progresses
  
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• Walmart turns heat up on Amazon with next-day shipping service

  14-05-2019 17:47
  US retailer claims move will save it money as competition with ecommerce group intensifies
  
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• Richer Sounds founder hands business to staff

  14-05-2019 14:27
  Unusual succession move will trigger cash windfalls to 500 employees
  
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• Richer Sounds founder hands over control of hi-fi and TV firm to staff

  14-05-2019 10:48
  Chain joins John Lewis in employee ownership as staff get £1,000 for each year they have workedThe founder of Richer Sounds is handing control of the hi-fi and TV retail chain to staff, in a move that will also give employees large cash bonuses.Julian Richer will announce to staff on Tuesday that he has transferred 60% of his shares into a John Lewis-style trust. Richer, who recently turned 60, said the “time was right” to pass the baton to the chain’s 531 employees. Cont
  
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• Amazon launches new click and collect option with partner stores

  14-05-2019 09:54 via theretailbulletin.com
  Amazon has launched a new collection service called Counter that enables customers to pick up their Amazon parcels in-store at a partner location.
  
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• Bloom & Wild launches flower range on Ocado

  14-05-2019 09:35 via theretailbulletin.com
  Online florist Bloom & Wild is to offer its flower ranges on the Ocado grocery website.
  
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• Greggs hails strong sales growth

  14-05-2019 09:31 via theretailbulletin.com
  Greggs saw its company managed shop like-for-like sales climb by 11.1.% in the first 19 weeks of the year.
  
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• Weekday expands into central Europe

  14-05-2019 09:30 via theretailbulletin.com
  Weekday, the H&M owned fashion retailer, is to open its first store in central Europe at Elektrownia Powiśle in Warsaw.
  
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• Portmeirion predicts profit ‘significantly below’ expectations

  14-05-2019 09:29
  Pottery group’s shares shed a quarter as export sales drop
  
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• Vegan sausage roll demand boosts Greggs’ sales

  14-05-2019 08:40
  Group says profits will be ‘materially higher’ than previously thought
  
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• Greggs further raises forecasts as vegan sausage roll charges sales

  14-05-2019 08:40
  Group says sales and profits will be ‘materially higher’ than previously thought
  
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• A vegetarian has a beef with Tesco’s labelling

  14-05-2019 08:00
  The product contained meat – but this was only disclosed in the small printI am a 55-year-old man who has eaten no meat or meat products for six years (for welfare reasons) until recently. During this period I have regularly purchased Tesco raspberry and white chocolate meal replacement bars. But Tesco has recently replaced the product. I have just eaten a new bar and found to my horror that it now contains beef, whereas the previous product had no beef. I last purchased the old product at
  
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