Retail news

• Arcadia closures to 'substantially exceed' 23 originally expected

  24-05-2019 19:43
  Philip Green’s rescue plan reveals store closures and job losses will be far higher than statedThe number of stores set to close as part of Philip Green’s rescue plan for his Arcadia retail empire will be substantially higher than the 23 previously thought, with the Evans and Miss Selfridge chains likely to bear the brunt.The number of closures will be at least double the number set out in the rescue documents, resulting in several hundred more job losses in addition to the 520 annou
  
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• Investors Chronicle: EasyJet, Sage, JustEat

  24-05-2019 19:16
  Companies analysis from our sister publication
  
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• Pound volatile as no-deal Brexit risks rise - as it happened

  24-05-2019 19:04
  Sterling is under pressure after Theresa May announces she’ll resign in June, paving the way for a Brexiteer successorLatest: Sterling slides below €1.13Moody’s: Uncertainty around Brexit is swirlingAnalyst: General election here we comePound volatile as Theresa May announces resignation plan 6.04pm BST Time to wrap up, with the City heading home for the weekend.It’s still all go in Westminster, though - our Politics Liveblog has the latest: Related: Theresa May resignatio
  
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• Casino jumps after Naouri turns to French courts

  24-05-2019 18:28
  Analysts say tackling debts of parent company will provide some relief
  
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• H&M announces collaboration with Italian designer Giambattista Valli

  24-05-2019 16:40
  Celebrities from Kendall Jenner to the singer H.E.R. helped the launch the new collection for the high-street retailer at Cannes The high-street retailer H&M has announced that its next collaboration is with the Paris-based Italian designer Giambattista Valli. Project Love was revealed on Thursday evening at the Cannes film festival. Looks from the Giambattista Valli x H&M collection were worn by celebrities attending the event, including model Kendall Jenner in a flourescent-pink tulle
  
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• What went wrong at Philip Green’s Arcadia?

  24-05-2019 15:50
  Fashion empire lost its way as customers moved online and overseas expansion foundered
  
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• Frank Field resumes fight with Philip Green amid Arcadia pension row

  24-05-2019 15:42
  MP says Topshop tycoon should fund high-deficit scheme with his own moneyFrank Field has resumed hostilities with Sir Philip Green, calling for the businessman to personally fund the Arcadia pension scheme, which has a “worryingly high” deficit.The independent MP, who chairs the work and pensions committee, has written to Green over the proposed financial restructuring of his Arcadia fashion empire that raises doubts about the future funding of the group’s legacy pension funds,
  
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• Pound hits four-month low against the euro as no-deal Brexit risks rise - business live

  24-05-2019 15:12
  Sterling is under pressure after Theresa May announces she’ll resign in June, paving the way for a Brexiteer successorLatest: Sterling slides below €1.13Moody’s: Uncertainty around Brexit is swirlingAnalyst: General election here we comePound volatile as Theresa May announces resignation plan 2.12pm BST The pound’s weakness is pushing Britain’s FSE 100 share index higher (as a weaker currency pushes up the value of overseas earnings).The Footsie is now up 67 points,
  
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• Foot Locker trims earnings growth forecast, kicking shares lower

  24-05-2019 14:29
  New York-based sportswear retailer reports weaker than expected first quarter
  
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• Commons pensions chair urges Philip Green to put more cash into Arcadia

  24-05-2019 13:57
  Frank Field added his voice to the backlash against planned restructuring
  
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• Moody's warns no-deal Brexit risks are rising - business live

  24-05-2019 13:17
  Escalating trade tensions between Washington and Beijing worry investors, as markets digest Theresa May’s resignationMoody’s: Uncertainty around Brexit is swirlingPound back over $1.27 as May resignsClothing demand supports UK retail salesIntroduction: Trump says Huawei could join trade dealEuropean markets rally in early trading 12.17pm BST A renewed Brexit crisis could grip the economy this coming autumn, fears Helen Dickinson OBE, chief executive of the British Retail Consortium.S
  
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• Whittard of Chelsea opens new stores in Taiwan

  24-05-2019 12:58 via theretailbulletin.com
  Whittard of Chelsea has chosen Taiwan for the opening of its first overseas stores of 2019 as part of its international expansion strategy.
  
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• UK warm weather boosts online sales but high street feels chill

  24-05-2019 12:26
  Clothing sales, a sunny February and web promotions drive fastest online growth British shoppers have notched up the fastest quarterly growth in online retail sales on record, in the latest sign of the shifting trends fuelling the decline of the high street.The Office for National Statistics said the amount of goods sold outside of bricks-and-mortar stores increased by 9.4% in the three months to April, the strongest growth of any quarter since comparable records began in June 1988.What's the pr
  
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• Online sales heat up in warm weather but high street feels chill

  24-05-2019 12:26
  Clothing sales, a sunny February and web promotions drive fastest online growth British shoppers have notched up the fastest quarterly growth in online retail sales on record, in the latest sign of the shifting trends fuelling the decline of the high street.The Office for National Statistics said the amount of goods sold outside of bricks-and-mortar stores increased by 9.4% in the three months to April, the strongest growth of any quarter since comparable records began in June 1988.What's the pr
  
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• Markets bounce back as Trump suggests Huawei could join trade deal - business live

  24-05-2019 11:45
  Rolling coverage of the latest economic and financial news, as escalating trade tensions between Washington and Beijing worry investorsLatest: Clothing demand supports UK retail salesIntroduction: Trump says Huawei could join trade dealEuropean markets rally in early trading 10.38am BST Dean Popplewell of trading firm OANDA says the political drama will keep the pound volatile in the next few months:Sterling’s record losing streak combined with the growing risks that Brexit will see a hard
  
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• Mothercare losses widen to £87.3m as sales plunge

  24-05-2019 11:02
  Closure of more than 40% of UK stores ‘led to concerns about buying our products’Mothercare’s annual losses widened and sales tumbled in its last financial year as the shutting of more than 40% of its UK stores led to a loss of confidence among consumers and suppliers.The struggling baby and maternity chain, which has cut its number of UK stores from 134 to 79, made a pre-tax loss of £87.3m in the 53 weeks to the end of March, compared with £72.8m in the previous ye
  
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• UK retail sales defy Brexit fears to extend growth run

  24-05-2019 10:54
  ‘Sunny weather’ boosts consumer spending as numbers beat expectations
  
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• Trade war: Trump suggests 'very dangerous' Huawei could join US-China deal - business live

  24-05-2019 10:00
  Rolling coverage of the latest economic and financial news, as escalating trade tensions between Washington and Beijing worry investorsIntroduction: Trump says Huawei could join trade deal 9.00am BST Every cloud has a silver lining and all that...Vietnam could be the biggest winner of the US-China trade deal. Exports to the US up 45% y/y. #macro 8.52am BST Boing! European stock markets have made a spritely start to trading, after some whopping losses yesterday.The FTSE 100 has gained 40 points (
  
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• Mothercare losses widen

  24-05-2019 09:47 via theretailbulletin.com
  Mothercare has reported widening full year losses after a period of refinancing, restructuring and store closures.
  
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• Clas Ohlson sponsors Mamma Mia! The Party

  24-05-2019 08:40 via theretailbulletin.com
  Swedish homewares retailer Clas Ohlson is to become the official partner of Mamma Mia! The Party as the show makes its way to London for the first time.
  
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• H&M unveils collaboration with Giambattista Valli

  24-05-2019 08:28 via theretailbulletin.com
  H&M has unveiled its latest designer collaboration which this time is with Giambattista Valli.
  
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