Retail news

• Sports Direct’s delayed accounts spell crunch time for auditors Grant Thornton

  15-07-2019 21:29
  Work by firm that audited Patisserie Valerie deemed substandard by Financial Reporting CouncilOne part of Sports Direct’s plea about the delay in publishing full-year results is credible. The firm’s auditor, Grant Thornton, is struggling to repair its reputation and probably regrets ever accepting the job of approving the sportswear retailer’s accounts. So it would be understandable if it wants to test every assumption in the 2019 numbers.Last week the second-tier auditing outf
  
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• LVMH buys minority stake in Stella McCartney brand

  15-07-2019 18:40
  Group seeks to burnish green credentials by partnering ethical fashion pioneer
  
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• Ethical designer Stella McCartney teams up with LVMH

  15-07-2019 18:40
  Until recently the life-long vegetarian had a longstanding partnership with Kering
  
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• Edward Oakley obituary

  15-07-2019 18:38
  My friend Edward Oakley, who has died aged 78, headed Obeetee, India’s leading carpet and rug company. His family had a long connection with India, having first established their hand-knotted carpet business in the 19th century, in Mirzapur, a town (now a city) on the banks of the Ganges in the state of Uttar Pradesh.However it was Edward who modernised the operation of the company by erecting a mechanical dye plant and centralising the finishing and packing. He insisted on the highest qua
  
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• Auditors/Sports Direct: no shoo in

  15-07-2019 16:55
  Accountants no longer want clients to be sitting too comfortably
  
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• Pets at Home buys stake in dog-walking service Tailster

  15-07-2019 14:02
  Tailster uses app to offer network of 26,000 self-employed pet carers across UKPets at Home has taken a stake in the dog-walking and pet-sitting service Tailster.com, aiming to take a slice of a market estimated to be worth £1bn.Tailster uses a network of 26,000 self-employed pet carers across the UK, which it connects with customers via an app that offers GPS tracking of dog walks, real time photos and free insurance. Continue reading...
  
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• Sports Direct delays results amid House of Fraser woes

  15-07-2019 09:08
  Retailer warns past financial guidance could change due to ‘a number of key areas’Sports Direct has delayed the publication of its results, citing the complexities of the integration of House of Fraser and uncertainty around trading.Its share price fell almost 10% on the news, to 237.8p, lowest level this year.What's the problem? Continue reading...
  
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• Sports Direct delays annual results

  15-07-2019 08:32
  Shares fall 12 per cent after retailer warns previous earnings guidance may have been too optimistic
  
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• Queries by Sports Direct auditor delay results

  15-07-2019 08:32
  Accounts hold-up sends retailer’s shares down as much as 16%
  
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• Finding dark patterns online: Chips with Everything podcast

  15-07-2019 07:00
  Jordan Erica Webber teams up with Science Weekly host Ian Sample to find out more about how companies use various techniques to trick us into buying something we may never have needed, or wanted Continue reading...
  
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• High street suffers 'summer slump' as Brexit and wet weather bite

  15-07-2019 01:01
  Footfall drops to seven-year low for June prompting fears UK economy is at a standstillShoppers deserted UK high streets during June as the washout weather and continuing Brexit uncertainty helped drive store visits down to a seven-year low for the month.The “summer slump” took a particularly heavy toll on high streets, with shopping centres also badly affected, according to the British Retail Consortium’s (BRC) monthly footfall tracker for the period from 26 May to 29 June.Wha
  
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