Retail news

• Is carbon neutrality the silver bullet fashion has been hoping for?

  12-11-2019 19:25
  
  The industry’s carbon footprint is under increasing scrutiny, but critics argue that offsetting lessens guilt rather than reducing harmTiny clutch bags, conceptual knitwear and carbon neutrality – the ideas that fashion chooses to embrace each season aren’t always those you might expect. But thanks to a recent shift, no doubt spurred on by the “Greta Thunberg effect”, carbon – as well as the practice of offsetting it – has become a hot topic for many of
  
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• New Look sales and profits fall despite revamp

  12-11-2019 17:57
  Strong summer more than offset by weak September trading
  
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• UK shopping centres' owner posts £147m loss

  12-11-2019 16:15
  
  Land Securities hit by store closures and shift to online shoppingLand Securities, which owns shopping centres including Trinity Leeds, Westgate Oxford and Bluewater in Kent, has slumped to a first-half loss after being hit by several store closures as retailers struggle against weaker consumer spending and a shift to online shopping.The last two years have been tough for the UK retail industry, as more than 7,500 additional shops have fallen empty. The most recent high street failure is Motherc
  
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• Cautious UK shoppers dent profits at shopping centres owner

  12-11-2019 16:15
  
  Store closures, shift to online shopping and political uncertainty fuel £147m loss at Land Securities Land Securities, which owns shopping centres including Trinity Leeds, Westgate Oxford and Bluewater in Kent, has slumped to a first-half loss after being hit by several store closures as retailers struggle against weaker consumer spending and a shift to online shopping.The last two years have been tough for the UK retail industry, as more than 7,500 additional shops have fallen empty. The
  
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• B&M: Grinch resistant

  12-11-2019 16:13
  The cheap and cheerful business is less exposed to waning consumer confidence than some rivals
  
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• New Look blames poor spending and weather for 7% drop in sales

  12-11-2019 16:01
  
  Fashion outlet still working on turnaround that closed 100 stores and slashed rentsNew Look has blamed a steep fall in sales on weak consumer spending and mild autumn weather which knocked demand for its new winter clothing ranges.New Look chief operating officer Nigel Oddy said the 7.4% drop in first half like-for-like sales reflected “ongoing consumer uncertainty and seasonal volatility”. Sales picked up over the summer months but fell back again in September due to the “unse
  
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• New Look blames poor sales on weak consumer spending and bad weather

  12-11-2019 16:01
  
  Fashion outlet still working on turnaround that closed 100 stores and slashed rentsNew Look has blamed a steep fall in sales on weak consumer spending and mild autumn weather, which knocked demand for its winter clothing ranges.The chief operating officer, Nigel Oddy, said the 7.4% drop in first-half like-for-like sales reflected ongoing consumer uncertainty and seasonal volatility. Continue reading...
  
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• HS2 costs head north just as its value falls south

  12-11-2019 15:38
  
  The review panel’s advice to plough on despite rising costs is astonishingOnce upon a time, the HS2 high-speed railway was meant to cost £34bn in its entirety. In 2012, that became £42bn. Then £56bn was the magic number in 2015. Now we’re up to £88bn and a review panel says further increases are likely. So what does the same panel recommend? Astonishingly, it says HS2 should be built anyway. Yet more money must be thrown at this over-indulged project, it seems
  
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• Retailer B&M writes off German unit as profits fall short

  12-11-2019 09:11
  Value of Jawoll impaired after distribution problems
  
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• Sainsbury’s Christmas ad offers new twist on Dickensian London

  12-11-2019 01:01
  
  TV campaign tells story based around the first Sainsbury’s store, which opened in 1869Sainsbury’s has given Father Christmas a Dickensian origin story in a festive advert that aims to remind viewers of its 150-year history at the heart of the British high street.The TV campaign, which launches on Tuesday during ITV’s Emmerdale and then goes online, tells a Christmas story based around the first Sainsbury’s store, which opened in 1869. Continue reading...
  
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• Alibaba aims to deliver with $16bn courier venture

  12-11-2019 01:01
  Chinese ecommerce group follows Amazon in focusing on logistics
  
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