Retail news

• Nimble JD Sports leaves M&S standing in the race for a Footsie listing

  01-06-2019 17:01 via theguardian.com
  With a place among Britain’s top 100 companies at stake, the once mighty brand finds itself being left behind yet againIt’s a high street that encapsulates the tale of two retailers. On the Holloway Road in north London, Marks & Spencer will shut up shop on Saturday after 105 years as part of the local community.Just a few days before the doors close for the final time, the company, which joined the stock market in 1926, could be turfed out of the FTSE 100 index of leading compan
  
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• Arcadia faces angry creditors in battle to stave off bankruptcy

  01-06-2019 17:00 via theguardian.com
  Retail group must win 75% approval this week for plan to close 23 stores and slash rentsSir Philip Green’s retail empire faces a crunch meeting with creditors this week as it tries to avert a collapse into administration which could put 18,000 jobs at risk.The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it to close at least 23 stores and cut rents by up to 70% on nearly 200 more. Continue re
  
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• Nectar swaps BP for Esso amid criticism by climate campaigners

  01-06-2019 08:01 via theguardian.com
  UK petrol station loyalty shifts as Nectar card is criticised for encouraging fossil fuel useA major UK consumer loyalty programme has been criticised by environmental campaigners for making Esso – whose parent company ExxonMobil has been under fire for its track record on climate change – its new fuel partner.Petrol company BP has axed its 16-year partnership with the Nectar loyalty card, which means that from Saturday the 20 million holders of the card – owned by Sainsbury&rs
  
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• Railway arch shops face eviction after rent rises of up to 85%

  01-06-2019 07:00 via theguardian.com
  UK businesses from bakers to tattoo parlours at risk after 2018 sale of Network Rail property portfolioFears that thousands of shops housed in railway arches would face crippling rent rises are being borne out after the sale of Network Rail’s property portfolio, owners of the businesses have said.Despite concerns from tenants, last year the government signed off the £1.5bn selloff to Telereal Trillium and Blackstone Property Partners, who took control of the 5,200 properties. Related
  
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• £100m for Arcadia pensions ‘best outcome’, says Green

  01-06-2019 05:00
  Retail tycoon in negotiations with landlords and creditors ahead of key vote
  
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• Former Pets.com chief to list fashion venture this year

  01-06-2019 00:51
  Julie Wainwright hopes second-hand store for luxury brands will prove better fit for markets
  
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