Retail news

• John Lewis Brexit warning speaks to middle England

  12-09-2019 20:44 via ft.com
  Chairman offers clues about economic impact on middle-class customers
  
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• John Lewis should copy JD Sports and hit its landlords hard | Nils Pratley

  12-09-2019 20:33
  Urgent action, such as renegotiating rents, is needed at the department store chain to reverse a first-half lossThe definition of a true crisis at John Lewis, one should remember, is a threat to the model of employee ownership. That happened in the late 1990s when rivals were running rings around the organisation and even the top brass at John Lewis seemed to lose faith in their chief point of difference. It is not today’s position.Record profits were achieved as recently as 2017, so the c
  
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• Topshop widens full-year loss to £500m

  12-09-2019 19:29 via ft.com
  Retailer accounts for half of sales at Philip Green’s Arcadia group
  
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• Gucci goes carbon neutral in bid to tackle climate crisis

  12-09-2019 18:02
  The planet has gone too far, says CEO Marco Bizzarri, as he outlines greener strategyAs the fashion industry continues to address its role in the climate crisis, Italy’s most valuable luxury brand has said it has become an entirely carbon neutral company.Gucci outlined its strategy on Thursday, which stretches from its supply chain to its fashion shows and comprises a mixture of reduction, elimination and offsetting what it calls “unavoidable emissions”. Related: Energy firms p
  
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• Gucci goes carbon neutral in attempt to tackle climate crisis

  12-09-2019 18:02
  The planet has gone too far, says CEO Marco Bizzarri, as he outlines greener strategyAs the fashion industry continues to address its role in the climate crisis, Italy’s most valuable luxury brand has said it has become an entirely carbon neutral company.Gucci outlined its strategy on Thursday, which stretches from its supply chain to its fashion shows and comprises a mixture of reduction, elimination and offsetting what it calls “unavoidable emissions”. Related: Energy firms p
  
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• Fruit, vegetables and wine will be scarce and costly under no-deal Brexit, warn retailers

  12-09-2019 17:56
  Weekly shop could be hit if chaos predicted in leaked government documents occursLatest Brexit developments – live updatesFresh fruit and vegetables and wine are among the products likely to become scarcer and more expensive after a no-deal Brexit, according to a flurry of warnings issued by retailers and the alcoholic drinks industry.The department store chain John Lewis and the Co-op supermarket said customers’ weekly shop could be disrupted, amid concerns that retailers will have
  
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• John Lewis warning helps to inform Brexit debate

  12-09-2019 17:22 via ft.com
  Chairman offers clues about economic impact on middle-class customers
  
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• Philip Green's Topshop and Topman report £505m loss

  12-09-2019 17:02
  Pre-tax figure far exceeds £3.8m of losses recorded in previous yearPhilip Green’s Topshop and Topman chains slumped to a £505m loss last year as sales fell and the retail tycoon wrote down the value of two of his flagship brands.Sales at the fashion brands fell 9% to £846.8m in the year to 1 September as they struggled to compete with the likes of Asos, H&M and Primark. In the UK sales fell by 9.8%.The history of Arcadia Group Continue reading...
  
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• Women in retail: tell us how you've been affected because of closures

  12-09-2019 11:58
  We would like to hear from women and teenage girls in retail who have either lost their job or had their hours and pay reduced as a result of store cutbacks. Women are taking the brunt of job losses as a result of shop closures and the rise of automated retail, according to a study on the economic consequences of the high street’s decline.In the last seven years, 75,000 sales assistant or checkout operator jobs have been lost. The Royal Society for the encouragement of Arts, Manufacturers
  
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• John Lewis unveils first-ever half-year loss

  12-09-2019 11:40
  Retail chain’s boss also issues no-deal Brexit warning, saying it would be unable to offset impactLatest Brexit developments – live updatesJohn Lewis has warned a no-deal Brexit would have a significant impact on its business as it slumped to its first-ever half-year loss.The group, which owns Waitrose and the John Lewis department stores, dived £25.9m into the red in the six months to 27 July after making an underlying pretax profit of £800,000 in the same period a year
  
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• Co-op boss warns of no-deal Brexit fresh food shortages and price hikes

  12-09-2019 11:29
  Supermarket chain says it may have to fly in fruit as it books extra warehouse space to stockpile goodsLatest Brexit developments – live updatesThe chief executive of the Co-op has warned that a no-deal Brexit could lead to fresh food shortages and higher prices in its supermarkets.Steve Murrells said he was most worried about fruit, where he expected prices to surge as retailers may be forced to fly in supplies if the chaos predicted in leaked government documents became a reality. Contin
  
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• Morrisons expands super-fast Amazon delivery deal

  12-09-2019 11:23
  Supermarket to roll out grocery deliveries within one hour across more UK citiesMorrisons has expanded its partnership with Amazon for ultra-fast same-day grocery deliveries to more cities across the UK, as it reported a drop in quarterly sales.The Bradford-based supermarket group said it had signed a multiyear deal with Amazon, which replaces its previous rolling contract, to cover “many more cities across the UK”. Related: Amazon and Morrisons expand same-day grocery deliveriesCont
  
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• Morrisons defies sales stalling with stronger than expected profits

  12-09-2019 10:10 via ft.com
  Grocer’s earnings climb even as key measure of sales growth cools
  
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• John Lewis issues stark no-deal Brexit warning

  12-09-2019 08:51 via ft.com
  Retailer says effects would be ‘significant’ over its peak trading period
  
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• John Lewis warns of no-deal Brexit impact

  12-09-2019 08:48
  Retail chain says it would be unable to offset effects of no deal as it posts first-ever half-year lossJohn Lewis has warned that a no-deal Brexit would have a significant impact on its business as it slumped to its first-ever half-year loss.The group, which owns Waitrose as well as the John Lewis department stores, dived £25.9m into the red in the six months to 27 July after making an underlying pretax profit of £0.8m in the same period a year before. Continue reading...
  
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• Shop closures and self-checkouts cost tens of thousands of women's jobs

  12-09-2019 01:01
  75,000 retail posts held by women have gone as online shopping rises, study saysA surge in shop closures and the growth of automated retail are forcing tens of thousands of women out of work, according to a study of the economic pain caused by high street decline.With twice as much UK shopping now online than in 2011 and amid a wave of store closures, about 75,000 jobs as sales assistants or checkout operators previously taken by women have gone in the last seven years. Men lost 33,000 of the jo
  
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• Online shopping forcing women out of work – study

  12-09-2019 01:01
  Some 75,000 sales assistant jobs previously taken by women have gone in seven yearsA surge in shop closures and the growth of automated retail are forcing tens of thousands of women out of work, according to a study of the economic pain caused by high street decline.With twice as much UK shopping now online than in 2011 and amid a wave of store closures, some 75,000 jobs as sales assistants or check out operators previously taken by women have gone in the last seven years. Men lost 33,000 of the
  
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• Improving people's skills will revitalise UK high streets – report

  12-09-2019 01:01
  Centre for Cities thinktank says good jobs and a strong local economy will save high streetsStrengthening local economies will do more to revive Britain’s struggling high streets than sprucing up city centres or changing the tax system to help retailers, according to a report.The Centre for Cities thinktank said the government should help towns and cities improve skill levels among local workforces in order to attract businesses and generate well paid jobs. Without the spending power these
  
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