Retail news

• Asos faces tough job of rebuilding City relations

  30-08-2019 18:28
  Questions over shorted stock, supplier discounts and rise of third-party labels
  
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• M&S bans glitter from Christmas cards

  30-08-2019 18:02
  Retailer’s glitter ban comes amid concern about microplastics polluting the environmentMarks & Spencer has joined the effort against microplastics by banning glitter from this year’s Christmas cards, wrapping paper, calendars and crackers.The retailer, which last year tested a biodegradable alternative to glitter on its fresh flowers and plants, said it is aiming to be 100% glitter-free by the end of next year. Continue reading...
  
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• Asos faces tough job of rebuilding relations in the City

  30-08-2019 17:13
  Shorted stock, supplier discounts and the rise of third-party labels leave analysts questioning its model
  
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• Shoe Zone shares down a third as CEO quits after profit warning

  30-08-2019 16:11
  Discount footwear retailer with 500 stores in UK and Ireland latest victim of high street crisisShares in Shoe Zone have plunged by a third after the discount footwear retailer issued a profit warning and said its chief executive had resigned.The retail group, which has more than 500 stores in the UK and Ireland, blamed the profits blow on tough high street trading conditions and said it was writing down the value of its 17 freehold properties by £3.1m to £5.3m.Maplin, Toys R Us and
  
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• Shares slump at Shoe Zone as boss quits after profit warning

  30-08-2019 16:11
  Low-cost retailer with 500 stores in UK and Ireland latest victim of high street crisisShares in Shoe Zone have plunged by a third after the low-cost footwear retailer issued a profit warning and said its chief executive had resigned.The group, which has more than 500 stores in the UK and Ireland, blamed the profits blow on tough high street trading conditions and said it was writing down the value of its 17 freehold properties by £3.1m to £5.3m.Maplin, Toys R Us and Jacques Vert hav
  
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