Retail news

• John Lewis weekly sales down 4.1% despite “busy Christmas”

  31-12-2019 14:08 via retailgazette.co.uk
  
  // John Lewis weekly sales down 4.1%
  // Waitrose sales up 18.8% year-on-yearJohn Lewis Partnership has seen its sales slide in the last week despite a strong rise at grocery stablemate Waitrose.
  Sales at John Lewis were down 4.1 per cent year on year in the week to December 28, bringing the decline over the 48 weeks of the retailer’s financial year so far to 1.6 per cent compared with the previous year.
  Waitrose’s weekly sales rose 18.8 per cent year on year, but declined b
  
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• The first 14 high streets to receive £1bn funding revealed

  31-12-2019 12:29 via retailgazette.co.uk
  
  // The 14 high streets to receive up to £25m worth of training, face-to-face support & access to research have been revealed
  // The funding will be piloted first in 20 town centres
  // The government has also pledged to cut small retailers’ business rates bills by 50% from AprilMinisters have revealed the first 14 high streets to receive £1 billion government funding to help improve the UK’s retail sector.
  The High Streets Task Force is to give 14 town centres up to &p
  
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• JD Sports leaves rivals in its wake after shares rise 3200%

  31-12-2019 10:24 via retailgazette.co.uk
  
  // JD Sports has been crowned the best blue-chip stock of the past decade
  // Shares have risen by 3200%
  // The retailer entered the FTSE 100 earlier this yearJD Sports shares have risen by 3200 per cent from 25 per cent at the beginning of the decade.
  The sports retailer entered the FTSE 100 earlier this year after a period of surging sales bucked the downbeat trend among rival retailers.
  It had eyed an expansion through the proposed acquisition of rival Footasylum for £90 million, but the
  
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• Next rescuer Sir David Jones dies aged 76

  31-12-2019 09:59 via retailgazette.co.uk
  
  // The former Next boss Sir David Jones has died at the age of 76
  // Jones was known for turning the fashion retailer aroundThe former chief executive of Next, Sir David Jones, has died at the age of 76, the retailer has confirmed.
  Jones was credited for rescuing Next and turning it into a powerhouse at a time when it was on the brink of collapse in the 1990s.
  “It is with great sadness that Next records the passing of its former chairman and chief executive Sir David Jones CBE over the wee
  
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• Charged’s biggest stories of 2019

  31-12-2019 09:35 via chargedretail.co.uk
  
  2019 marked yet another eventful year for retail, seeing the sector navigate the dramatic shifts away from traditional high street retail models towards connected, vibrant and innovative ways of selling goods.
  Throughout its inaugural year, Charged has tracked the most exciting developments from companies at the cutting edge of this change.
  Here are our top five most read stories of the year, thanks for reading and Happy New Year!
   
  Black Friday Royal Mail strike to leave millions of items
  
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• Flotations, corporate collapses and Brexit: the year in business

  31-12-2019 07:00
  
  From WeWork’s spectacular crash and burn to the corporate world’s waking up to the climate crisis, 2019 was not a year we’ll forget in a hurryFor business and finance, 2019 was a year of big-name corporate collapses, investigations into alleged scandals and the inevitable arguments about Brexit. Bankers and tycoons tried to get on with things by attempting huge flotations, large mergers and sizeable refinancings – with mixed results. Here is a review of the year in busine
  
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• The start-ups on a mission to reduce food waste

  31-12-2019 05:00
  Entrepreneurs connect consumers with surplus produce from cafés, restaurants and supermarkets
  
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• Convenience stores urge Link to scrap further ATM fee cuts

  31-12-2019 01:01
  
  Association of Convenience Stores says cuts feed ‘torrent’ of free-to-use ATM closuresConvenience stores are urging the operator of the UK’s largest cash machine network to scrap further cuts planned to the fees it charges for transactions in an attempt to stem the “torrent” of free-to-use ATM closures.The Association of Convenience Stores (ACS) said previous cuts by Link to the so-called interchange fee – payments made by banks to cash machine operators every
  
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