Retail news

• FedEx to end express shipping for Amazon in US

  07-06-2019 20:52 via ft.com
  Move comes as ecommerce giant moves to take more control of logistics and fulfilment
  
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• Newbie Sharon White suits unusual John Lewis

  07-06-2019 20:02 via ft.com
  Powerful staff can hold secret ballots on the leadership of the upmarket retail group
  
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• Elliott seals deal to acquire Barnes & Noble

  07-06-2019 19:37 via ft.com
  Bookseller’s new CEO says hedge fund ‘simply wants to sell us for lots more than they bought us for’
  
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• Foxed by Basil Brush and his lost decades | Brief letters

  07-06-2019 18:46
  Basil Brush | Stressed dogs | Sharon White | Automated tills | Shared birthdaysBasil Brush was a “children’s television favourite of the 80s” (Edinburgh fringe to host Basil Brush chatshow, 6 June)? His eponymous TV series ended in 1980 before being resurrected in the 2000s. Basil’s heyday and my childhood coincided beautifully in the 1970s. Maybe you were mistaking him for Roland Rat. Which would be a travesty indeed.
  Mark McDonnell
  Edinburgh• We were interested to
  
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• Philip Green offers extra £30m to ease Arcadia rent cuts

  07-06-2019 18:26 via ft.com
  Retail empire needs landlord support to stave off threat of administration
  
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• Philip Green offers £30m to ease Arcadia rent cuts

  07-06-2019 18:26 via ft.com
  Retail empire needs landlord support to stave off threat of administration
  
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• Will new John Lewis boss ditch Never Knowingly Undersold?

  07-06-2019 18:08
  Only a rank outsider like new chairman Sharon White could stop the age-old price-pledge battering profitsAt communications regulator Ofcom Sharon White had the tenacity to take on the might of BT and the Murdoch dynasty, but will the first female chairman of the John Lewis Partnership be brave enough to do what no man has dared in nearly a century – and axe the “never knowingly undersold” price promise that is killing middle England’s favourite retailer?Probably the best-
  
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• Waterstones owner buys US chain Barnes & Noble

  07-06-2019 16:11
  James Daunt will be chief of both chains after deal hailed as boost for real-world bookshopsThe hedge fund owner of the UK’s largest book chain, Waterstones, has bought Barnes & Noble, the biggest chain in the US, in a $683m (£537m) deal heralded as a boost in their battle to preserve real-world bookshops.The UK arm of the $35bn Elliott Management hedge fund plans to install James Daunt, the Waterstones boss, in New York as chief executive of both chains, with the two brands reta
  
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• Philip Green pledges family cash to save Topshop rescue deal

  07-06-2019 14:22
  Arcadia tycoon’s family offers £10m a year to limit rent cuts and secure landlord backingSir Philip Green’s family has agreed to plough up to £10m a year into offsetting the impact of rent cuts on landlords of their Topshop to Burton retail empire in a bid to secure backing for a crucial rescue restructure.Under new proposals sent out on Friday, some landlords who had been asked for rent cuts of 70% will now only see their rent halved. Those previously asked for 30% cuts
  
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• Elliott Management seals deal to acquire Barnes & Noble

  07-06-2019 13:59 via ft.com
  Offer of $6.50 a share values struggling bookseller at $683m including debt
  
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• Marks & Spencer gets real about customer-centricity

  07-06-2019 13:14 via theretailbulletin.com
  The cost of poor service and the value of customer engagement are top of mind for the current Marks & Spencer board, led by CEO Steve Rowe, asserts Jo Moran, Head of Customer Services at M&S.
  
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• Germany’s Aldi enters tough China market

  07-06-2019 09:49 via ft.com
  Supermarket openings in Shanghai draw crowds but longer term growth is seen as challenging
  
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• John Lewis to trial Visualise Your Space virtual reality experience

  07-06-2019 09:36 via theretailbulletin.com
  The John Lewis department store chain is to trial a new in-store virtual reality experience called Visualise Your Space to help customers purchasing furniture and homewares.
  
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• Games Workshop says full year profit will be at least £80 million

  07-06-2019 09:28 via theretailbulletin.com
  In a pre-close trading update, Games Workshop has said the sales and profit growth revealed in its 12 April trading update has continued to the end of its financial year.
  
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• John Lewis Partnership appoints Ofcom chief executive as new chairman

  07-06-2019 09:13 via theretailbulletin.com
  The John Lewis Partnership has appointed Ofcom chief executive Sharon White to succeed Sir Charlie Mayfield as its chairman.
  
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• New Look makes board appointments as founder retires

  07-06-2019 09:07 via theretailbulletin.com
  Following the completion of its financial restructuring, the board of the New Look fashion retailer has appointed Angela Luger, Colin Henry and Robin Terrell as non-executive directors.
  
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