Retail news

• Tesco considers sale of Asian businesses

  08-12-2019 19:37
  Grocery chain says it is reviewing its supermarkets in Thailand and Malaysia following ‘inbound interest’
  
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• Tesco weighs up sale of Thai and Malaysian stores

  08-12-2019 15:35
  
  Supermarket starts review of 2,000-plus shops after approach by unnamed buyerTesco is considering a sale of its Thai and Malaysian stores that could result in Britain’s largest supermarket chain exiting two of its last remaining international businesses.In a statement published on Sunday afternoon, the supermarket said it had started a review of the businesses after an approach by an unnamed buyer. Continue reading...
  
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• Driven to the edge: life on the Christmas parcel delivery run

  08-12-2019 10:44
  
  The festive shopping spree is in full swing, with Britain’s 35,000 couriers and delivery drivers at the sharp end, often working long hours with no breaks, low pay and few employee rightsPatrick Wilson’s* heavy eyelids drop momentarily as he parks on a steep terraced street on the suburban edges of north Bristol. He raises a fist to cover a deep, primal yawn that makes his whole body shudder with exhaustion. He has been on the go since 7.30am, when he filled every bit of free space i
  
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• Call for tougher controls as ‘buy now, pay later’ deals spiral

  08-12-2019 09:00
  
  Campaigner Ros Altmann claims recent boom in style of financing threatens another credit crisisCampaigners have called for new controls on “buy now, pay later” finance deals, which have spread online and in high-street stores and are being blamed for growing UK household debt.Such deals have been in existence for years but have ballooned in number recently, with consumers being offered initial interest-free periods before typically being charged high interest rates. Continue reading.
  
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• Ted Baker needs a saviour. Could that be its founder?

  08-12-2019 01:05
  
  Ray Kelvin left his company after a year of controversy, but he still owns 35% of it. Might he mount a rescue?Ted Baker investors are hoping for a change in trends at the fashion brand this week as the company marks the end of a year of bad news.Since the company’s founder, Ray Kelvin, was forced out at the end of last year after being accused of a regime of “forced hugs” and harassment – allegations he has denied – the company’s share price has dived nearly 8
  
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