Retail news

• High street landlords hold a weak hand at the CVA poker game

  20-06-2019 21:07
  Owners could pay more into their ailing businesses instead of calling landlords for rent cutsSir Philip Green, a near-billionaire with a superyacht, couldn’t afford to pay his rent. Nor, it seems, can Peter Simon, a half-billionaire whose preferred luxury is expensive art. The founder and owner of Monsoon Accessorize would like his landlords to take rent cuts on 135 stores.From Simon’s point of view, there’s no harm in having a go. Nobody doubts that “fundamental changes
  
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• Monsoon calls on landlords to cut rents

  20-06-2019 20:56
  Chain seeks to lower costs at 135 outlets and secure fresh £18m loan from founder
  
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• Beet this: Sainsbury’s opens UK's first meat-free butcher

  20-06-2019 20:15
  Pop-up store offers soya and wheat steaks, jackfruit burgers and ‘shroomdogs’“That mince ain’t doing it for me,” says an unconvinced Jane Taylor, peering in the butcher shop window at a pile of pink string that purports to have emerged from a meat grinder. “It looks like a plastic kids’ toy.”But only soybeans, peas and carrots – and some beetroot for the pink colouring – have perished to make this mince, because this pop-up shop in east
  
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• Dixons Carphone: strong signals

  20-06-2019 19:07
  Speedier turnround and further cost-cutting mean peak pain may be in view
  
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• Monsoon Accessorize asks landlords to cut rents but plans to avoid closures

  20-06-2019 17:53
  Fashion group says it has been hit by rising costs, competition and subdued spendingMonsoon Accessorize is asking landlords to reduce rent for more than half its 258 leased stores in return for an £18m interest-free loan and a £10m share of future profits.The owner, Peter Simon, has also promised to halve the rent on the fashion business’s London head office, which he owns, to help reduce costs. He had already loaned the business £12m and would hand over an additional int
  
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• Lloyds Pharmacy apologises to woman refused emergency contraception

  20-06-2019 16:19
  Pharmacy says sorry after staff member refused to dispense product for ‘personal reasons’A pharmacy chain has apologised after a woman was refused emergency contraception because the pharmacist said it went against her personal beliefs.Siani, 41, who did not want to give her surname, pre-ordered and paid for contraception online through the Lloyds Pharmacy website. Continue reading...
  
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• Fears for UK economy rise as shoppers rein in spending again

  20-06-2019 12:11
  Colder May puts chill on summer clothing sales as consumer spending falls for second month in a rowBritain’s consumers have reined in spending after an unseasonably cold May prompted a sharp decline in summer clothing sales.The Office for National Statistics said retail sales dropped by 0.5% in May from a month earlier, the biggest decline in spending this year, after shoppers seemingly had shrugged off Brexit fears earlier in 2019.What's the problem? Continue reading...
  
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• Cold weather hits UK retail sales in May 

  20-06-2019 10:53
  Shoppers’ enthusiasm wanes following strong start to year
  
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• Dixons Carphone reveals big losses at mobile phone shops

  20-06-2019 09:19
  Owner of Currys, PC World and Carphone Warehouse blames 22% profit fall on consumers delaying phone upgradesShares in Dixons Carphone, Britain’s biggest electrical and mobile phone retailer, slumped almost 20% as it reported a big fall in profits and warned of “significant” losses in its mobile phone business.The group, which owns Currys, PC World and Carphone Warehouse, said it has been hit by a growing trend among consumers to delay upgrading their mobile phones. Continue rea
  
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• Dixons Carphone shares tumble 25% on mobile market warning

  20-06-2019 09:10
  Telecoms and tech group expects ‘significant loss’ in division this year
  
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• Dixons Carphone issues stark warning on mobile market

  20-06-2019 09:10
  Telecoms and tech group’s shares fall as it predicts ‘significant loss’ in division this year
  
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• Homeware retailer Dunelm upgrades profit forecast again

  20-06-2019 08:34
  ‘Unseasonably favourable’ weather has helped drive sales
  
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