Retail news

• Clintons sold out of administration

  04-12-2019 22:45
  Current family owners to retain control of UK greeting card chain
  
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• Card retailer Clintons seals rescue deal that saves 2,500 jobs

  04-12-2019 18:48
  
  Company out of administration after pre-agreed deal with the chain’s existing ownersClintons, the card retailer, has been bought out of administration in a deal that safeguards 2,500 jobs.The pre-agreed deal with the chain’s existing US owners comes after Clintons failed to win support from landlords for an insolvency procedure known as a company voluntary arrangement (CVA) under which it wanted to cut rents and close up to 66 stores. Continue reading...
  
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• What does the M&G property fund own?

  04-12-2019 18:29
  
  Shopping centres in Glasgow, Maidstone and Bridgend are among the fund’s holdingsM&G suspends £2.5bn property fundM&G, which recently split from its parent Prudential, has temporarily suspended dealings in its property portfolio. It said Brexit-related political uncertainty and structural shifts in the UK retail sector had made it difficult to sell commercial property to meet demand from investors to have their cash returned.M&G’s top holdings at the end of October
  
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• A very Black Friday: how the fetish for vinyl is sending prices soaring

  04-12-2019 16:53
  
  The popularity of Record Store Day – and its Black Friday edition – is turbo-charging the collector mentality at the expense of the average buyerIn the UK, it didn’t take long for Black Friday – a sales event pegged to Thanksgiving in the US – to go from novel to normal. Its impact on the music industry has been less conspicuous than the gaudy discounts toted by mainstream retailers, but no less significant. Founded in 2008, Record Store Day (RSD) proper takes place
  
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• M&G suspends £2.5bn property fund blaming retail crisis and Brexit

  04-12-2019 16:32
  
  M&G Property Portfolio bans withdrawals after investors demand their money backOne of the UK’s biggest property funds, which owns shopping centres across the country, has alarmed investors by banning withdrawals and blaming both Brexit and the retail downturn for its problems.The £2.5bn M&G Property Portfolio was suspended after “unusually high and sustained outflows” – demand from investors for their money back – prompted by “Brexit-related poli
  
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• Edinburgh Woollen Mill cancels dividend as it eyes ailing rivals

  04-12-2019 14:03
  
  Philip Day’s business, with £100m borrowing, wants to expand high street presencePhilip Day’s Edinburgh Woollen Mill (EWM) has cancelled its dividend payout this year as it prepares to buy up rival retailers battered by tough conditions on the high street.The billionaire, who lives in Switzerland but has an office in Dubai and a castle in Cumbria, owns about 1,100 high street stores under brands including Peacocks, Jaeger and Austin Reed. Accounts just filed at Companies House
  
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• Quiz warns of store closures after retailer's high street sales slump

  04-12-2019 09:42
  
  Analysts say up to half of fashion brand’s stores may shut after it reports £6.8m lossThe fashion brand Quiz has made a £6.8m loss after sales fell across its high street store chain and concessions, forcing the retailer to warn of further store closures.Quiz, which operates 246 UK stores and concessions, reported a year-on-year sales slump of 11% across its UK retail estate in the six months to the end of September. The share price of Quiz, which reported a £3.8m profit
  
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• Fashion brand Quiz makes £6.8m loss amid high street sales slump

  04-12-2019 09:42
  
  Retailer warns of further store closures after reporting year-on-year UK sales decline of 11%The fashion brand Quiz has made a £6.8m loss after sales fell across its high street store chain and concessions, forcing the retailer to warn of more store closures.Quiz, which operates 246 UK stores and concessions, reported a year-on-year sales slump of 11% across its UK retail estate in the six months to the end of September. The share price of Quiz, which reported a £3.8m profit in the s
  
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• Sainsbury’s welcomes back Rhian Bartlett as director of fresh food

  04-12-2019 01:00 via theretailbulletin.com
  
  Sainsbury’s has seen Rhian Bartlett return to the supermarket as director of fresh food.  Reporting to Sainsbury’s commercial director Paul Mills-Hicks, Bartlett previously worked with Screwfix where she... View Article
  
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• Royal Mail reveals hot spots for online Christmas shopping

  04-12-2019 01:00 via theretailbulletin.com
  
  Royal Mail has revealed the top ten areas where shoppers made the most online purchases during this year’s Black Friday and Cyber Monday. Its figures show... View Article
  
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• Quiz posts half year loss

  04-12-2019 01:00 via theretailbulletin.com
  
  Fashion retailer Quiz has made a £6.8 million loss in the six months to 30 September. This compares to a profit of £3.8 million in the... View Article
  
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• Morrisons makes two promotions within executive team

  04-12-2019 01:00 via theretailbulletin.com
  
  Morrisons has promoted Trevor Strain to the position of chief operating officer and Michael Gleeson to the role of chief financial officer. Strain currently works as... View Article
  
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• [Aptos Latest Survey] Download 2019 Golden Quarter Report

  04-12-2019 01:00 via theretailbulletin.com
  
  Building Retail Loyalty and Connections in the Golden Quarter The Golden Quarter – the peak retail sales period from October through December – presents unlimited opportunity... View Article
  
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