Retail news

• Brait to put New Look, Virgin Active and Iceland stakes up for sale

  27-11-2019 21:47
  
  Investment group, whose largest shareholder is Christo Wiese, needs to raise cashThe Iceland supermarket chain, gym group Virgin Active and a big stake in fashion chain New Look, are to be put up for sale by their South African owner as it attempts to cut its debts. The controlling stakes in Iceland and the Virgin gym business and the slice of New Look are owned by Brait, an investment vehicle where the largest shareholder is the retail entrepreneur Christo Wiese. Brait has to repay a £350
  
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• Brait to put New Look, Virgin Active and Iceland stakes for sale

  27-11-2019 21:47
  
  Investment group, whose largest shareholder is Christo Wiese, needs to raise cashThe Iceland supermarket chain, gym group Virgin Active and a big stake in fashion chain New Look, are to be put up for sale by their South African owner as it attempts to cut its debts. The controlling stakes in Iceland and the Virgin gym business and the slice of New Look are owned by Brait, an investment vehicle where the largest shareholder is retail entrepreneur Christo Wiese. Brait has to repay a £350m bo
  
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• High street's hopes for Black Friday bonanza unlikely to be realised

  27-11-2019 20:05
  
  Number of visitors to stores expected to fall by 4.5% as more shoppers opt to go onlineHigh street retailers’ hopes for a Black Friday bonanza this weekend are likely to be dashed as more shoppers choose to do their bargain-hunting online.Analysts predict an increase in spending on the day, with shoppers splashing out £4.3bn, up more than 2% on last year. Continue reading...
  
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• Bidding war for Saks Fifth Avenue owner Hudson’s Bay heats up

  27-11-2019 16:47
  Large shareholder of Canadian department store group tops chairman’s bid
  
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• Iceland and New Look set to change hands again

  27-11-2019 14:21
  South African conglomerate Brait plans to dispose of stakes in both retailers within five years
  
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• Walmart offers Thanksgiving workers measly discount in place of holiday pay

  27-11-2019 09:00
  
  Staff at retail giant not entitled to time-and-a-half holiday payWalton family that owns Walmart worth more than $190bn
  Thanksgiving and Black Friday mark the beginning of the festive season in the US, but Walmart workers are not feeling the cheer. The world’s largest retailer will not be offering staff extra pay for working some of the busiest days of the year. Instead they will be offered a discount to shop at their own store. Related: Millions set for Thanksgiving disruption as storms s
  
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• Ikea steps up drive to become carbon neutral with extra €200m

  27-11-2019 08:00
  
  Furniture giant to invest in green energy plus reforestation and carbon storage projectsIkea’s parent company is to invest an additional €200m (£171m) in green energy and forest planting as part of a plan by the world’s largest furniture retailer to become carbon neutral by 2030.The investment is being made by Inter Ikea Group, the owner of the Ikea brand which is operated by a string of franchise businesses, the largest of which is Ingka Group. Continue reading...
  
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• LVMH has become a luxury department store

  27-11-2019 06:00
  Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus
  
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• Ted Baker appoints Peter Collyer as chief people officer

  27-11-2019 01:00 via theretailbulletin.com
  
  Fashion retailer Ted Baker has appointed Peter Collyer as its new chief people officer. Collyer has worked as people experience director at Asos for the last... View Article
  
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• Sosandar increases half year revenue by 53%

  27-11-2019 01:00 via theretailbulletin.com
  
  Women’s fashion retailer Sosandar increased its revenue by 53% to £2.82 million in the six months to 30 September. Gross profit rose to £1.5 million from... View Article
  
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• Shop prices fall again in November

  27-11-2019 01:00 via theretailbulletin.com
  
  UK shop prices fell for a sixth consecutive month in November. According to figures from the British Retail Consortium and Nielsen in their monthly shop price... View Article
  
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• ScS trading in line with expectations

  27-11-2019 01:00 via theretailbulletin.com
  
  ScS, the upholstered furniture and floorings retailer, has said its business is trading in line with expectations with like-for-like order intake down 7.1% in the 17... View Article
  
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• Sales at John Lewis & Partners down 43.3% last week

  27-11-2019 01:00 via theretailbulletin.com
  
  Sales at the John Lewis department store chain dropped by 43.3% year-on-year last week but the retailer said its performance exceeded expectations. Due to the launch... View Article
  
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• Is your marketing team stressing out in preparation for Black Friday?

  27-11-2019 01:00 via theretailbulletin.com
  
  Step back, take a breath and get ready to smash Black Friday. This new guide from ROI Hunter will teach you how. 53% of shoppers start... View Article
  
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• IKEA invests £200 million in speeding up work to become climate positive

  27-11-2019 01:00 via theretailbulletin.com
  
  IKEA is investing €200 million in speeding up its work to become climate positive by 2030. The funds will be used to help the furniture and... View Article
  
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• Guest blog – By Lee Jones, Director of Sales and Business Development at Ingenico Enterprise Retail

  27-11-2019 01:00 via theretailbulletin.com
  
  The busiest time of the year for retailers is approaching, and it’s all hands-on deck to prepare for the Black Friday rush. Analysing Ingenico transaction data... View Article
  
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• Episerver Signs Definitive Agreement to Acquire 1:1 Personalization Company Idio

  27-11-2019 01:00 via theretailbulletin.com
  
  The Acquisition Immediately Enhances Episerver’s Analytics and Personalization Capabilities to Deliver Customer-Centric Digital Experiences Episerver™, the customer-centric digital experience company, has signed a definitive agreement to... View Article
  
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