Retail news

• Sport Direct’s Ashley has not won vote of confidence yet

  16-12-2019 19:44
  Excluding acquisitions, such as GAME Digital and Jack Wills, group revenue is actually falling
  
  Read more

• Dreaming of a green, gift-free Christmas | Brief letters

  16-12-2019 18:48
  
  Joe Hammond | Spring | Tory lie-ometer | Labour’s Strictly leader | Boris Johnson | ConsumerismMy husband is dying of cancer. In the 40 years-plus of our marriage we have done so many lovely holiday journeys together, by road, by rail, by ferry (rarely by air). I’m trying to hold my life together. Then I read Joe Hammond’s final article (Weekend, 14 December) and the last line broke me up: “…preparing to travel again, but no longer together.”
  Patricia King
  Ga
  
  Read more

• Retailers sell clothes at half price in huge pre-Christmas discounts

  16-12-2019 17:57
  
  Stores bid to win customers amid consumer uncertainty and heavy competition Retailers are offering bigger-than-ever pre-Christmas clothing discounts this year in a bid to win customers against a backdrop of consumer uncertainty, heavy competition and relatively mild weather.Average price cuts could top 50% by Christmas Eve for the first time according to the advisory firm Deloitte, which analysed more than 800,000 online and in-store products. Continue reading...
  
  Read more

• Mike Ashley: more House of Fraser stores likely to close

  16-12-2019 15:15
  
  Sports Direct boss predicts more closures unless ‘broken’ rates system is changedMike Ashley has said that more House of Fraser stores will be forced to shut unless the government undertakes a fundamental review of the business rates system, which the Sports Direct boss slammed as “broken and unworkable”.Ashley said the current rates regime “is clearly helping to kill much of what remains of the UK high street” and that large stores were coming under particula
  
  Read more

• Advertisement

• Sports Direct profits rise as it cuts House of Fraser losses

  16-12-2019 10:39
  
  Mike Ashley says more stores in department store chain will close in the next yearSports Direct has said it expects to increase profits by up to 15% this year after reducing losses at House of Fraser.Mike Ashley’s retail empire forecasts profits of up to £390.3m for the year to April 2020 after underlying pretax profits increased 58% to £101.8m in the first half. Losses almost halved to £15.9m at its premium lifestyle business, which includes House of Fraser, although the
  
  Read more

• UK will spend £2.4bn on Christmas clothes that barely get worn – survey

  16-12-2019 07:00
  
  Charity finds one in five won’t re-wear new outfits, despite spending average of £73.90 eachBritons are poised to spend £2.4bn on new outfits for the Christmas party season this year – yet many items may be worn fewer than three times – a survey shows.After shelling out an average of £73.90 per person on partywear for the festive period, one in five people admit they won’t wear the same outfit to more than one party or event, according to the study from
  
  Read more

• Christmas tree lights bought online could pose fire hazard

  16-12-2019 01:01
  
  Which? tested 13 products sold by third-party sellers – with only one passing all testsConsumers are being told of the dangers of buying “cheap and cheerful” Christmas tree lights through online marketplaces, after a new investigation revealed that nearly half those it tested could cause a fire or electric shock.Consumer group Which? carried out a series of tests according to the electrical safety standard, which products must pass to be sold in the UK, on 13 products bought fr
  
  Read more

• Mothercare products to be sold in Boots stores

  16-12-2019 01:00 via theretailbulletin.com
  
  Mothercare has announced that Boots is  to become the exclusive franchisee for its brand in the UK. The new partnership will see Boots stores stock Mothercare... View Article
  
  Read more

• Advertisement

• Liverpool ONE welcomes Kate Spade and Mint Velvet

  16-12-2019 01:00 via theretailbulletin.com
  
  The Liverpool One shopping destination has welcomed Kate Spade New York and Mint Velvet to its line-up. While Kate Spade has opened a pop-up shop, Mint Velvet... View Article
  
  Read more

• Arcadia completes refinancing of flagship Topshop store

  16-12-2019 01:00 via theretailbulletin.com
  
  Topshop and Topman owner Arcadia has confirmed that it has completed the refinancing of its loan on its flagship Topshop store in London’s West End. In... View Article
  
  Read more

Follow @retailuknws on Twitter!