Retail news

• Bonmarché calls in administrators with 3,000 jobs in question

  18-10-2019 20:33
  Recently taken-over chain puts blame partly on Brexit uncertainty
  
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• Holiday season warning cools retail stocks

  18-10-2019 20:06
  Credit Suisse lowers sales, earnings forecasts for group of US retailers
  
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• Fashion chain Bonmarché calls in administrators

  18-10-2019 19:33
  Wakefield-based retailer to keep all 318 shops open for time being as buyer is soughtThe fashion chain Bonmarché has called in administrators, putting nearly 3,000 jobs at risk.The Wakefield-based retailer, which sells fashion for women over 50 and has 318 shops, said it had got into difficulties after a “sustained period of challenging trading conditions and cashflow pressure”. Continue reading...
  
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• Scottish department store Watt Brothers goes into administration

  18-10-2019 19:22
  Eleven stores to close and 229 out of 306 staff made redundant with immediate effectThe Scottish department store group Watt Brothers has collapsed into administration with the immediate loss of nearly 230 jobs and about 80 more at risk.All 11 of the group’s stores were closed on Friday, but the flagship outlet on Glasgow’s Sauchiehall Street will open on 19 October for a clearance sale as administrators from KPMG seek a potential buyer.What’s the problem? Continue reading...
  
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• Scottish department store Watt Brothers closes

  18-10-2019 19:22
  Eleven shops to close with 229 out of 306 staff made redundant with immediate effectScottish department store group Watt Brothers has collapsed into administration with the immediate loss of nearly 230 jobs and about 80 more at risk.All 11 of the group’s stores were closed on Friday but the flagship outlet on Glasgow’s Sauchiehall Street will open on 19 October for a clearance sale as administrators from KPMG seek a potential buyer.What’s the problem? Continue reading...
  
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• Circular economy can bring benefits all round

  18-10-2019 11:00
  Recycling and rental schemes could keep products in use for longer
  
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• Woolworths trialling 20c paper bags following ban on free plastic bags

  18-10-2019 07:24
  Environment groups say paper is preferable to plastic but the focus should remain on bringing reusable bagsWoolworths has begun a trial of paper bags in select stores, a move environment groups say is preferable to the use of plastic though the focus should remain on reusable bags. The paper bags cost 20c each and are currently available in 20 stores around the country, and will be offered in addition to the existing reusable thick plastic bags that cost 15c. Related: Tinker tailors: the grassro
  
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• Scariest thing about Halloween is plastic waste, say charities

  18-10-2019 01:01
  Equivalent of 83m plastic bottles in often throwaway outfits sold by leading retailersAn estimated 2,000 tonnes of plastic waste – equivalent to 83m bottles – will be generated from throwaway Halloween clothing sold by leading retailers in the UK this year research suggests.An investigation by Hubbub, an environmental charity, into the seasonal outfits available from 19 supermarkets and retailers – including Aldi, Argos, Asos, Amazon, Boden, John Lewis, M&S, Next, and Tesco
  
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