Retail news

• Shop Direct surprises bondholders with big PPI provision

  23-10-2019 20:37 via ft.com
  UK online retailer takes a £241m provision over insurance it sold to its customers
  
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• Sports Direct appoints new auditor after split with Grant Thornton

  23-10-2019 18:31
  Advisory group RSM takes up role after ‘big four’ accounting firms turn down retailerSports Direct has appointed advisory group RSM as its auditor, more than a month after an acrimonious split with the accounting firm Grant Thornton.RSM is the UK’s seventh biggest audit firm and Sports Direct will be its biggest client. The advisory group has no other audit clients among the top 350 companies on the London Stock Exchange. Continue reading...
  
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• Sports Direct appoints RSM as new auditor

  23-10-2019 16:20 via ft.com
  UK sportswear retailer ends search for auditor after Big Four cited conflicts of interest
  
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• Retailers move to reassure consumers over chicken safety after drug seizure

  23-10-2019 16:18
  A shipment of Chinese antibiotics, headed for a Northern Ireland poultry farm, has sparked an investigation into food securityRetailers and the poultry industry have attempted to reassure consumers on the safety of chicken, after a seizure of Chinese antibiotics suspected to be destined for unregulated use on a poultry farm in Northern Ireland.The County Tyrone farm suspected of trying to source the antibiotics is now at the centre of an investigation by the Northern Ireland Department of Health
  
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• OFM Awards 2019: Best independent retailer – Field & Flower

  23-10-2019 09:00
  Veg boxes are a hit. Why couldn’t someone do the same for grass-fed, free-range meat? Cue James Mansfield and James Flower, voted by OFM readers as their 2019 winnerBest independent retailer – full list of runners-up from across the UKJames Mansfield and James Flower met in 2006, in a blaze of tweed, shotguns and Range Rovers at the Royal Agricultural College in Cirencester. “Don’t judge us,” says Flower, who grew up rearing cattle in Somerset. He was expecting the
  
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• Domestic & General ‘peace-of-mind’ policy turned out to be a washout

  23-10-2019 08:00
  I have an autistic son and I was left for three weeks relying on friends and the launderetteMy six-year-old son is autistic which means he has acutely sensitive hearing, wets the bed daily and is a very messy eater – our washing machine is in constant use and, until now, it was quiet. For this reason I took out a Domestic & General £5.99 a month “peace of mind” care plan when I bought the machine in 2016, which allows me a replacement like for like should anything go
  
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• Softcore pornography magazines the Picture and People to close amid sale ban and falling circulation

  23-10-2019 01:31
  Exclusive: Hundreds of service stations have banned the magazines from sale, saying they demean women and girlsAustralian men’s magazine the Picture and the 69-year-old People magazine will close at the end of the year, ending decades of printed weeklies featuring topless models and readers’ sex stories.Their publisher, Bauer Media, was forced to axe the magazines after retailers lined up to ban them from sale at service stations; and readership fell to 0.02% of the population over 1
  
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