Retail news

• Corbyn takes aim at ‘appalling’ employers

  02-12-2019 23:46 via ft.com
  Labour targets five major UK businesses for alleged bad work practices
  
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• BlackRock's Larry Fink must think again over tackling climate crisis | Nils Pratley

  02-12-2019 21:02
  
  The accusation is not that the company is doing nothing but how hard is it pushing?Here’s a good question for Larry Fink, the BlackRock billionaire, to address when he dispatches his lofty annual “dear CEO” letter in the new year. Is his firm guilty of “greenwashing”? In other words, is the world’s biggest fund manager, with an astonishing $7tn of assets under its roof, posing as a pioneer of climate activism while actually dragging its feet?The accusation was
  
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• BlackRock's Larry Fink must think again over tackling climate crisis

  02-12-2019 21:02
  
  The accusation is not that the company is doing nothing but how hard is it pushing?Here’s a good question for Larry Fink, the BlackRock billionaire, to address when he dispatches his lofty annual “dear CEO” letter in the new year. Is his firm guilty of “greenwashing”? In other words, is the world’s biggest fund manager, with an astonishing $7tn of assets under its roof, posing as a pioneer of climate activism while actually dragging its feet?The accusation was
  
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• Ocado launches £500m bond to fund robotic warehouses

  02-12-2019 19:33 via ft.com
  
  Online retailer has struck series of deal with overseas groups including Kroger
  
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• UK retailers enjoyed 'outstanding' Black Friday sales figures

  02-12-2019 18:01
  
  Barclaycard says transaction value was up 16.5% on last year, with Cyber Monday off to a strong startForecasts that Black Friday would leave shopping centres deserted as consumers shopped online or boycotted fake bargains have been confounded by figures revealing a sharp rise in sales.Barclaycard, which processes about £1 of every £3 spent in the UK, said it was an “outstanding” Black Friday compared with last year. Continue reading...
  
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• Ted Baker: skeletons key

  02-12-2019 17:42 via ft.com
  High inventory levels may indicate that a retailer has lost its grip on what consumers want
  
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• Ted Baker shares fall after it warns of £25m balance sheet error

  02-12-2019 10:30
  
  Embattled fashion chain launches investigation after it overstated value of stockThe struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review.The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based on preliminary analysis. The error relates to previous years and will have no effect on its
  
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• Ted Baker stock may have been overvalued by up to £25 million

  02-12-2019 01:00 via theretailbulletin.com
  
  Fashion retailer Ted Baker has said it might have overstated the value of its inventory by up to £25 million. Based on preliminary analysis, the company’s board... View Article
  
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• Selfridges teams up with Instagram to launch exclusive pop-up

  02-12-2019 01:00 via theretailbulletin.com
  
  Selfridges is teaming up with Instagram to launch an exclusive pop-up at its flagship store on London’s Oxford Street. Opening from 5 to 15 December, The... View Article
  
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• Russell & Bromley opens new Covent Garden store

  02-12-2019 01:00 via theretailbulletin.com
  
  Luxury footwear retailer Russell & Bromley has opened a new shop in London’s Long Acre. Situated opposite Covent Garden tube station, the store is a relocation... View Article
  
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• Ocado signs deal with Japanese supermarket Aeon

  02-12-2019 01:00 via theretailbulletin.com
  
  UK online grocer Ocado has signed an agreement with Aeon to enable the Japanese company to develop a new online grocery business in Japan using the... View Article
  
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• Ocado launches £500 million bond issue

  02-12-2019 01:00 via theretailbulletin.com
  
  Online grocer Ocado has launched a £500 million convertible bonds offering. The news comes just days after the retailer announced the signing of an agreement with Aeon to enable... View Article
  
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• New figures: Black Friday footfall up 3.3%

  02-12-2019 01:00 via theretailbulletin.com
  
  New figures have shown that footfall rose by 3.3% on this year’s Black Friday compared to 2018 as shoppers ignored Brexit uncertainty in order to snap... View Article
  
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• Gant appoints new chief executive

  02-12-2019 01:00 via theretailbulletin.com
  
  Gant has promoted Patrik Söderström to the position of chief executive. He will officially take over the role on 1 February following the departure of current... View Article
  
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• Dobbies posts increase in full year sales and profit

  02-12-2019 01:00 via theretailbulletin.com
  
  Dobbies Garden Centre Group saw its sales increase by 12% to £166 million in the year to 24 February. On a like-for like basis sales were... View Article
  
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• Boots enjoys strong Black Friday trading

  02-12-2019 01:00 via theretailbulletin.com
  
  Boots has revealed that the busiest trading time on Boots.com during Black Friday was between 11am and 12pm. An average of 216 items were purchased per... View Article
  
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• Black Friday sees 6% year-over-year improvement of in-store shopper traffic

  02-12-2019 01:00 via theretailbulletin.com
  
  Black Friday sees 6% year-over-year improvement of in-store shopper traffic, according to ShopperTrak data analytics from Sensormatic Solutions   Black Friday footfall increased by 6% compared... View Article
  
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