Retail news

• Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley

  03-10-2019 20:28
  The Bank rate is already low and Brexit overshadows everything, but look elsewhere too – the global economy is not in good healthCall it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index, joining the manufacturing and construction industries in negative territory. In big picture terms, there are no bright spots.The official data, which measures actual economic activity as opposed to managers’ view of prospects, m
  
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• Ted Baker: buttoning up

  03-10-2019 15:18 via ft.com
  British fashion retailer’s premium brand status is at risk
  
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• UK edges towards recession as service sector sinks

  03-10-2019 11:46
  Surprise contraction as British firms face sliding sales, higher costs, job losses and disruptive BrexitBritain has edged closer to its first recession since the financial crisis after the dominant service sector unexpectedly plunged into contraction last month.The sector, which includes restaurants, hotels and finance, accounts for about 80% of the economy. According to IHS Markit and the Chartered Institute of Procurement and Supply (Cips), activity fell as companies faced sliding sales, job l
  
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• Ted Baker shares plunge as it suffers £23m first-half loss

  03-10-2019 10:02
  Fashion retailer warns of bleak outlook, with trading worse than expectedShares in Ted Baker crashed by more than a third after the fashion retailer dived to a first-half loss and issued another warning on its full-year performance.The company said trading in the first half had been worse than expected and the second half had started slowly because of an unseasonably warm September. Continue reading...
  
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• Ted Baker shares tumble on bleak outlook

  03-10-2019 09:11 via ft.com
  UK fashion brand blames rivals’ discounting and unseasonal weather
  
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• Ted Baker shares plunge after ‘brutal’ trading

  03-10-2019 09:11 via ft.com
  UK fashion retailer blames rivals’ discounting and unseasonal weather
  
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• Ted Baker shares dive as much as 41% on bleak outlook

  03-10-2019 09:11 via ft.com
  UK fashion brand blames rivals’ discounting and unseasonal weather
  
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• H&M profits jump by a quarter on strong summer sales

  03-10-2019 08:56 via ft.com
  Swedish retailer’s recovery well under way amid strategy shift
  
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• New Tesco boss isn't the obvious choice for chief executive | Nils Pratley

  03-10-2019 08:03
  It’s a surprise that supermarket group did not recruit internally after Dave Lewis jumpedIf you want to wind up Dave Lewis, point to Tesco’s share price. It was 230p when he arrived in September 2014 and, after five years of effort that have prompted the chief executive to want to “recharge my batteries”, it has reached only 240p. All that struggle to go sideways?Lewis resents the share price comparison as much as he dislikes his “Drastic Dave” label and, actu
  
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• US shopping mall vacancies hit eight-year high

  03-10-2019 07:00 via ft.com
  Bankruptcies and lower footfall pose serious challenges for retailers
  
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• US shopping mall vacancies hit 8-year high

  03-10-2019 07:00 via ft.com
  Bankruptcies and lower footfall pose serious challenges for retailers
  
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