Retail news

• Ted Baker shares plunge as chief executive and chairman resign

  10-12-2019 19:03
  Fashion retailer forecasts full-year profits will fall as much as 90 per cent
  
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• There's zero interest in zero UK growth. How things have changed

  10-12-2019 17:32
  
  A flatlining economy would normally be big news but the torpor fits neatly into both Labour and tory narrativesIt’s as if somebody has hit the pause button on the economy. After going backwards in August and September, the UK failed to register any increase in activity in October either. The economy has flatlined since the summer and over the course of 2019 will have averaged around 0.2% growth per quarter.Unlike in the spring, there was no artificial boost to activity caused by businesses
  
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• Ted Baker needs to restore its street cred to rebuild its share price

  10-12-2019 16:08
  
  The top bosses have quit but patching up the finances may be the least of its problemsTed Baker chair and CEO quitThere has been another flash sale at Ted Baker with the fashion brand offering up to 35% off on Tuesday. The deal wasn’t available on its clothes though … it was on the company’s already bombed-out share price.Things are going from bad to worse at the former stock market darling. It has been in freefall since its founder Ray Kelvin was forced out last year after be
  
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• Don't bring us figgy pudding … yet, say Christmas shoppers

  10-12-2019 13:24
  
  Sales of festive fare such as Christmas puds and tins of biscuits slip as wet weather and poll jitters biteShoppers are delaying their festive preparations this year with sales of seasonal fare such as Christmas puddings and tins of biscuits lagging behind 2018 levels.Grocery industry analysts Kantar said supermarket sales growth had slowed to 0.5% over the last 12 weeks, with the Black Friday discount bonanza proving to be a damp squib for supermarkets. Continue reading...
  
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• Mothercare losses deepen as sales continue to slide

  10-12-2019 12:59
  
  Half-year figures reveal global decline amid ‘extraordinarily challenging period’Mothercare has been hit by a further slide in sales at home and in its overseas operations after putting its UK business into administration last month with the potential loss of 2,800 jobs.Group sales fell 8.4% to £452.3m in the six months to 12 October, as pretax losses widened to £21.2m from £18.5m in the same period a year before. Continue reading...
  
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• Ted Baker shares plunge as chief and chairman resign

  10-12-2019 08:56
  Fashion retailer warns profits will fall as much as 90 per cent in ‘most challenging year’
  
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• Ted Baker shares plunge as CEO and chairman resign

  10-12-2019 08:56
  Fashion retailer warns profits will fall as much as 90 per cent in ‘most challenging year’
  
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• Ted Baker chief quits as it warns over profits plunge

  10-12-2019 08:30
  
  Fashion retailer says it expects pretax profit of £5m compared with £50m last yearFashion retailer Ted Baker descended further into crisis as it issued a stark profit warning, scrapped its dividend and announced the immediate departure of both its chief executive and executive chairman.Lindsay Page, the chief executive, has been replaced on an interim basis by finance director Rachel Osborne. Page had taken over from the company’s founder Ray Kelvin in April, after the latter w
  
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• Ted Baker bosses quit as it warns over profits plunge

  10-12-2019 08:30
  
  Fashion retailer says it expects pretax profit of £5m compared with £50m last yearFashion retailer Ted Baker descended further into crisis as it issued a stark profit warning, scrapped its dividend and announced the immediate departure of both its chief executive and executive chairman.The shares, which had already lost three-quarters of their value this year, plummeted a further 35% to 258p. Continue reading...
  
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• Ted Baker bosses quit as it warns of profits plunge

  10-12-2019 08:30
  
  Fashion retailer says it expects pretax profit of £5m compared with £50m last yearThe Ted Baker fashion chain could be forced to raise cash after warning of a 90% profits crash and the departure of both its chief executive and executive chairman.The beleaguered retailer said it now expected to make full-year pretax profit of £5m to £10m, depending on Christmas trading, down from more than £50m last year. It was the retailer’s fourth profits warning in a year.C
  
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• The Starbucks gift card I bought is useless

  10-12-2019 08:04
  
  It won’t accept it at the Leicester University franchise and the nearest alternative is an hour awayMy granddaughter started at Leicester University in September. There was a Starbucks on the campus so I bought her a £20 gift card. She has told me the branch will not accept it. Starbucks verified that, although this outlet comes up as one of its stores on its website, as it is a franchise it will not accept the card. It was suggested she use a city centre branch over an hour’s
  
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• How extreme agility put Zara ahead in fast fashion

  10-12-2019 06:00
  The retailer reinvented its supply chain in surprising ways to become super-flexible
  
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• Africa’s Amazon hopeful Jumia retreats from big expansion

  10-12-2019 05:00
  One-time unicorn quits Rwanda after Cameroon and Tanzania as US-listed shares fall 90% from high
  
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• African ecommerce group Jumia exits third country

  10-12-2019 05:00
  One-time unicorn quits Rwanda after Cameroon and Tanzania as shares fall 90% from high
  
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• The Royal Exchange welcomes five new retailers

  10-12-2019 01:00 via theretailbulletin.com
  
  The Royal Exchange has welcomed five new retailers to its line-up in the run-up to Christmas. Mulberry has launched a six-month pop-up concept store that takes... View Article
  
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• Ted Baker issues profit warning as CEO and chairman step down

  10-12-2019 01:00 via theretailbulletin.com
  
  Ted Baker has issued a profit warning and announced that its chief executive and chairman have both stepped down.  Chief executive Lindsay Page has been succeeded by... View Article
  
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• Seven Dials signs up trio of new brands

  10-12-2019 01:00 via theretailbulletin.com
  
  London’s Seven Dials shopping district has signed up Kompanero, Nudie Jeans and Rains. Indian leather brand Kompanero will open its first UK store at 53 Neal... View Article
  
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• McColl’s experiences challenging year

  10-12-2019 01:00 via theretailbulletin.com
  
  Convenience retailer McColl’s has warned that its adjusted full year EBITDA is likely come in marginally below expectations at £32 million.  In a statement, the company said revenue in... View Article
  
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• Lululemon chief operating officer to step down

  10-12-2019 01:00 via theretailbulletin.com
  
  Lululemon’s chief operating officer is stepping down to take up a leadership position outside of the apparel sector. Stuart Haselden, who also holds the position of... View Article
  
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• Debenhams appoints new directors to parent company board

  10-12-2019 01:00 via theretailbulletin.com
  
  Debenhams has appointed John Walden and Kevin Conroy as non-executive directors of the board of its parent company, Celine Jersey Topco. Walden is a former chief executive of Home... View Article
  
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• Poundland owner seeks to expand in southern Europe

  10-12-2019 00:44
  Pepco looks at Greece and Italy in plan to triple sales and profits
  
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• Poundland owner looks to expand in southern Europe

  10-12-2019 00:44
  Pepco looks at Greece and Italy in plan to triple sales and profits
  
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