Retail news

• Southend High Street tells bleak story of British retail

  31-05-2020 17:59
  
  Footfall on shopping streets was falling even before the coronavirus crisis hitCoronavirus – latest updatesSee all our coronavirus coverageIt is 9.15am on the warmest day of the year so far, and Southend-on-Sea High Street is eerily quiet. Towards the southern end, near the Essex town’s Thames estuary waterfront, a herring gull paces up and down outside a chip shop. If it’s waiting for scraps, it could be there a while; above the shuttered fast food outlet is a “shop to l
  
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• Boohoo faces $100m US lawsuit amid accusations of “sham sales”

  31-05-2020 15:11 via retailgazette.co.uk
  // Boohoo faces $100m (£80m) lawsuit in the US over allegations of false prices
  // Lawyers filed a civil claim against the retailer regarding its promotions and pricing
  // Boohoo was accused of running “sham sales” and promotionsBoohoo is reportedly facing a $100 million (£81 million) lawsuit in the US over allegations it misled shoppers with “sham sales”.
  According to The Telegraph, lawyers from Almadani Law and AI Law in California filed a civil claim a
  
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• Tesco faces shareholder revolt over CEO’s bonus hike

  31-05-2020 14:47 via retailgazette.co.uk
  // Tesco faces shareholder revolt over bonus hike for CEO Dave Lewis
  // If it kept Ocado on list of competitors used to assess performance, Lewis’ bonus would be reduced from £2.4m to £800K
  // Glass Lewis, the governance adviser, had “severe reservations” over the decision to exclude OcadoTesco is reportedly facing a shareholder revolt after the Big 4 grocer inflated executive bonuses by axing Ocado from a list of companies used to assess its performance.
  According
  
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• Amazon removes racist messages appearing in UK listings

  31-05-2020 14:13 via retailgazette.co.uk
  // Amazon removes certain images after messages of racist abuse appeared on some UK listings
  // They were removed after screenshots and video grabs of the messages started trending on TwitterAmazon has removed certain images after messages of racist abuse appeared on some listings on its UK website when users searched for Apple’s AirPods and other products.
  The move came after screenshots and video grabs of the messages started trending on Twitter.
  The listings with the abusive messages ar
  
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• “Don’t Do It”: Nike takes stand against racism as US protests spread

  31-05-2020 13:33 via retailgazette.co.uk
  // Nike takes stand against racism with a “Don’t do it” video campaign
  // It’s a twist on its “Just do it” catch phrase, as protests against police brutality spread in the US
  // In a rare sign of solidarity, Nike’s arch rival Adidas retweeted the videoNike has released a powerful video whereby the sportswear giant takes a stand against racism with a twist on its famous “Just do it” slogan.
  As protests against police brutality spread across th
  
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