Retail news

• Albemarle & Bond 'pledge books' bought by rival pawnbroker

  30-09-2019 20:35
  H&T £8m acquisition will mean customers can collect pawned items they had feared losingAlbemarle & Bond customers will be able to collect pawned items from H&T outlets after its loans were bought out by the rival pawnbroker.H&T said it had agreed to pay £8m to buy the “pledge books” of A&B, which abruptly shut all its 116 stores without forewarning customers earlier this month. The deal will be finalised on 7 October. Continue reading...
  
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• Sharp elbows in aisle 5: why Waitrose is scrapping its special bargain bays

  30-09-2019 16:52
  The supermarket is scrapping its yellow-sticker reduction bays – which could be bad news for penny-saving ‘shopping ninjas’Name: Reduction bays.Location: The inner sanctums of the larger Waitrose stores. Continue reading...
  
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• Fashion retailer Forever 21 files for bankruptcy protection

  30-09-2019 13:46
  Firm with 290 UK staff is latest traditional retailer to struggle with shift to online shoppingThe US fashion retailer Forever 21 has filed for chapter 11 bankruptcy protection, joining a growing list of companies that have failed to navigate the shift towards online shopping.The group’s UK arm, which has three stores in Birmingham, Liverpool and London, is expected to appoint the advisory company RSM as administrator on Monday. Continue reading...
  
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• Forever 21 bankruptcy puts 350 stores at risk

  30-09-2019 08:08 via ft.com
  Fast-fashion pioneer tripped up by tough competition and aggressive global expansion
  
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• Forever 21, global fast fashion retailer, files for bankruptcy

  30-09-2019 05:56
  Struggling empire is the latest bricks-and-mortar outfit to suffer as shopping moves online Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy, joining a growing list of bricks-and-mortar players who have failed to navigate the shift towards online shopping.Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys ‘R’ Us, have filed for bankruptcy as more customers shift to online retailers such as Amazon.Related: Number of empty shops in
  
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