Retail news

• Cow & Gate and Tesco recall baby food over tampering fears

  26-01-2020 19:55
  
  Cow & Gate products sold by other supermarkets or retailers are not affectedCow & Gate and Tesco are recalling 15 types of baby food jars as a precautionary measure owing to fears that some jars may have been tampered with.The recall involves food for children aged seven months and over that is sold in Tesco stores in the UK. No other Cow & Gate, Tesco or other baby foods have been affected, the companies said in a joint statement.Cow & Gate Butternut Squash Chicken & Pasta 7
  
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• Reiss reports jump in global Christmas sales as it seeks a buyer

  26-01-2020 18:12
  
  Annual profits climb to £19.3m at fashion group with 82 standalone stores The upmarket fashion chain Reiss, said to be a favourite of the Duchess of Cambridge, reported that sales jumped by a fifth over the Christmas period as its private equity owner begins seeking a buyer for the group.Bucking the gloom on the high street, Reiss said global sales were up 18% in the seven weeks to 18 January 2020, while in the UK they rose 15%. Continue reading...
  
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• ‘Beales is part of our history’: shoppers on landmark store’s woes

  26-01-2020 12:51
  
  Bournemouth residents react with disbelief as much-loved retailer goes into administration
  Edna Southworth and Lis Gray were clutching half-price bedclothes and duvets as they left the Beales department store in Bournemouth. But their mood was melancholy rather than triumphant.“I’ve been shopping here for 50 years,” said Gray. “It’s always been the store to come to. It will be such a shame if it vanished from this street and a disaster for the town centre. Our gener
  
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• Britain’s tax on tech titans may be the key to cutting them down to size

  26-01-2020 08:04
  
  Trump is threatening retaliation if the UK plan becomes law. But taking a tough line may be the key to a global dealWhen US treasury secretary Steven Mnuchin threatens to impose tariffs on a country’s car industry if it taxes American tech giants, you are inclined to believe that he means it. “If people want to just arbitrarily put taxes on our digital companies,” he said, “we will consider arbitrarily putting taxes on car companies.”A trigger-happy White House, ste
  
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