Retail news

• Timeline: the rise and fall of Philip Green

  30-11-2020 22:31
  
  Knighted in 2006 and once worth £4.9bn, Green became the ‘unacceptable face of capitalism’1952 Philip Green is born in Croydon, south London, the second child of Alma and Simon Green. His father, an electrical goods businessman, dies when Philip is 12 years old.1961 Green attends Carmel College, a now defunct boarding school. Continue reading...
  
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• Philip Green should do the honourable thing by Arcadia staff | Nils Pratley

  30-11-2020 22:14
  
  He failed to save his retail chain but cannot plead poverty when it comes to saving staff pensions
  Sir Philip Green is exiting with barely a whimper. There’s still time for him to fire a volley of abuse or two at his detractors, but at this stage it would feel like going through the motions. Green has been a diminished business figure for years and his failure to save Arcadia has surprised nobody.His mistake was not selling the business a decade ago when the Topshop brand still had Kate Mo
  
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• Arcadia retail group collapses into administration

  30-11-2020 21:33
  Philip Green’s group becomes highest-profile retail victim of pandemic, putting 13,000 jobs at risk
  
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• Arcadia falls into administration putting 13,000 jobs at risk – business live

  30-11-2020 21:22
  
  Rolling coverage of the latest economic and financial news, as Sir Philip Green’s Arcadia group enters administrationBreaking: Deloitte appointed as administrators to ArcadiaNo job losses today, but 13,000 at riskMike Ashley’s £50m emergency loan is rebuffedMP: Greens have moral obligation over pension fund
  Introduction: Philip Green’s Arcadia on the brinkFears over £350m pensions deficit 8.22pm GMT Deloitte’s Matt Smith adds that the administrators hope to fi
  
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• Philip Green's Arcadia Group collapses into administration

  30-11-2020 21:07
  
  More than 13,000 jobs at risk in biggest UK corporate failure of the Covid pandemicCoronavirus – latest updatesSee all our coronavirus coverage Sir Philip Green’s Arcadia Group has collapsed into administration, putting 13,000 jobs at risk as the retail tycoon’s high street career ends in failure.The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton appointed administrators from Deloitte on Monday. Continue reading...
  
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• Arcadia and the shakeout on the high street

  30-11-2020 19:27
  Pandemic is bringing about in months what might otherwise have taken years
  
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• Arcadia on brink of collapse; FTSE 100's best month since 1989 – business live

  30-11-2020 18:57
  
  Rolling coverage of the latest economic and financial newsLatest: Mike Ashley’s £50m emergency loan is rebuffedFTSE 100 surged 12.35% in November amid vaccine hopesMP: Greens have moral obligation over pension fundIntroduction: Philip Green’s Arcadia on the brinkFears over pensions black holeNovember has been best month for markets ever 5.42pm GMT Ros Altmann, the former pensions minister, has bad news for Arcadia pension scheme members.She doesn’t believe that the situat
  
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• Live Q&A: Retailers count the cost of lockdown

  30-11-2020 18:55
  
  FT experts answer your questions on new tiered restrictions for retailers, pubs and restaurants
  
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• Marchetti moves from Yoox Net-a-Porter chief executive to chairman

  30-11-2020 18:44
  Geoffroy Lefebvre named CEO as competition from brand websites and online marketplaces stiffens
  
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• Arcadia on brink of collapse; FTSE 100 posts best month since 1989 – business live

  30-11-2020 18:25
  
  Rolling coverage of the latest economic and financial newsLatest: Mike Ashley’s £50m emergency loan is rebuffedFTSE 100 surged 12.35% in November amid vaccine hopesMP: Greens have moral obligation over pension fundIntroduction: Philip Green’s Arcadia on the brinkFears over pensions black holeNovember has been best month for markets ever 5.25pm GMT Despite a late wobble, Britain’s stock market has racked up its best monthly gains in over three decades.The FTSE 100 has surg
  
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• An overview of the 2020 Christmas adverts from UK retailers

  30-11-2020 16:51 via retailgazette.co.uk
  Although it’s likely Christmas 2020 will end up looking different compared to previous ones, there is one aspect of the festive season unlikely to change: a love for annual Christmas adverts that’s become ingrained in British culture.
  From John Lewis Partnership’s highly anticipated Give a Little Love to Sainsbury’s trilogy of festive clips and Sports Direct’s first-ever Christmas advert featuring England footballer Jordan Henderson, retailers have continued to fin
  
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• Asda billionaire owners place bid for Caffè Nero

  30-11-2020 15:32 via retailgazette.co.uk
  // Asda owner EG Group launches takeover bid for coffee shop chain Caffe Nero
  // EG Group owners Issa brothers acquired Asda in a £6.8 billion deal in September
  // EG Group said the offer was a significant improvement on Caffe Nero creditors’ plans to launch a CVAAsda owners Mohsin and Zuber Issa have reportedly placed a takeover bid for struggling British coffee shop chain Caffe Nero.
  The Issa brothers, who acquired Big 4 grocer Asda in a £6.8 billion deal in September, have w
  
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• Ebay taps Asos for chief marketing officer role

  30-11-2020 14:50 via retailgazette.co.uk
  // Ebay poaches Asos global brand officer Eve Williams as chief marketing officer
  // Williams worked as the global brand director of Asos for the last four years
  // In her new role, Williams will oversee all of Ebay UK’s marketing activityEbay has poached Asos global brand officer Eve Williams as chief marketing officer with immediate effect.
  Williams has joined Ebay after a seven-year tenure at Asos, where she has acted as global brand director for the last four years.
  During her time at
  
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• Black Friday footfall rises across UK despite Covid restrictions

  30-11-2020 14:35 via retailgazette.co.uk
  // Footfall rose by 8.7% in the UK on Black Friday
  // The greatest rises from the previous week were recorded in UK high streets
  // Shopping centres recorded the lowest figuresNew research has found that UK footfall has risen on Black Friday, which marks the first time since late August that footfall has increased in two consecutive weeks.
  Footfall rose by 8.7 per cent on the shopping holiday, which is four times more than the two per cent rise recorded on Thursday, according to Springboard
  
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• The rise and fall of Philip Green’s Arcadia retail empire

  30-11-2020 14:13
  Biggest brands of Topshop, Burton and Wallis have fallen far from their heyday in the early 2000s
  
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• Currys PC World apologises after Black Friday surge crashes site & wipes gift cards

  30-11-2020 14:08 via retailgazette.co.uk
  // Currys PC World apologises to customers after Black Friday online surge saw hundreds of pounds wiped off gift cards
  // Currys PC World said this was due to a temporary website outage and promised to refund affected customersCurrys PC World has apologised to customers after some saw hundreds of pounds accidentally wiped off their gift cards in a Black Friday surge.
  The electricals retailer saw a surge in demand which resulted in its website being completely unavailable for a period of tim
  
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• Jobs impact of curbs on fixed-odds betting terminals 'overstated'

  30-11-2020 13:39
  
  Campaigners say UK gambling regulator figures belie industry ‘predictions of doom’
  Punters lost £700m less on gambling machines in the year after fixed-odds betting terminals (FOBTs) were reined in but industry predictions of mass job losses if ministers went ahead with the policy have not materialised.As the gambling regulator released fresh data charting the impact of curbs on the roulette machines, campaigners said the figures showed that ministers poised to launch a wide-ra
  
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• Yoox Net-A-Porter names Geoffroy Lefebvre as new CEO

  30-11-2020 11:58 via retailgazette.co.uk
  // Yoox Net-a-Porter Group announces Geoffroy Lefebvre as its new CEO, effective from Jan 4
  // Incumbent CEO & chairman Federico Marchetti will remain as chairman of YNAP
  // Geoffroy Lefebvre is currently group digital distribution director at YNAP parent company RichemontYoox Net-a-Porter Group has announced the appointment of Geoffroy Lefebvre as its new chief executive.
  Lefebvre will step into the role on January 4 from YNAP Group’s parent company Richemont, where is he currently gr
  
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• Black Friday retail sales drop despite rise in online shopping

  30-11-2020 11:12 via retailgazette.co.uk
  // Black Friday sales fell by more than a 10th compared with a year ago
  // Barclaycard found that overall payments made to retailers on Friday had dropped by 16.7% compared to a year ago
  // Most Black Friday sales typically take place in physical shops, highlighting the impact on retailersBlack Friday retail sales have dropped despite the rapid surge in online shopping as non-essential stores remain closed in England during the second lockdown.
  Sales made in physical stores and online fell by mo
  
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• Pets at Home acquires telehealth provider to bolster digital arm

  30-11-2020 09:50 via retailgazette.co.uk
  // Pets at Home purchases The Vet Connection as it works towards improving online offering
  // Vet Connection offers telehealth advice, triage and ancillary services using its in-house veterinary team
  // Pets at Home is seeking to transfer The Vet Connection’s capabilities into its operationsPets at Home has acquired veterinary telehealth provider The Vet Connection (TVC) in an effort to build on its online offerings.
  The pet care retailer has made the purchase for a cash consideration of &
  
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• Matchesfashion hires Elizabeth von der Goltz as new chief commercial officer

  30-11-2020 09:44 via retailgazette.co.uk
  // Matchesfashion appoints Elizabeth von der Goltz as newly-created chief commercial officer
  // It marks the retailer’s third C-level hire in three months
  // Matchesfashion commercial director Lea Cranfield is leaving for a chief buying & merchandising officer role at Net-a-PorterMatchesfashion has hired Elizabeth von der Goltz to take on the newly-created role of chief commercial officer.
  The appointment marks the fashion retailer’s third C-level hire in as many months, and foll
  
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• Matchesfashion hires Elizabeth von der Golt as new chief commercial officer

  30-11-2020 09:44 via retailgazette.co.uk
  // Matchesfashion appoints Elizabeth von der Goltz as newly-created chief commercial officer
  // It marks the retailer’s third C-level hire in three months
  // Matchesfashion commercial director Lea Cranfield is leaving for a chief buying & merchandising officer role at Net-a-PorterMatchesfashion has hired Elizabeth von der Goltz to take on the newly-created role of chief commercial officer.
  The appointment marks the fashion retailer’s third C-level hire in as many months, and foll
  
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• Gov’t to relax trading laws to allow shops to trade 24/7 over Christmas

  30-11-2020 09:25 via retailgazette.co.uk
  // Gov’t relaxing planning restrictions and issues a request to councils to allow shops to trade 24/7 over Dec & Jan
  // Communities secretary Robert Jenrick says it could help retails recoup some of the losses made from the pandemic
  // Retailers normally have to go through a lengthy process to apply to local authorities to extend hours outside 9am-7pmShops will be given permission to trade around the clock as the retail industry tries to recoup some of the losses it has suffered during
  
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• Mike Ashley’s £50m rescue deal for Arcadia Group falls through

  30-11-2020 09:14 via retailgazette.co.uk
  // A £50m emergency loan to Sir Philip Green’s embattled Arcadia Group falls through
  // The loan had been offered by Mike Ashley’s Frasers Group over the weekend
  // It’s thought that Arcadia Group could enter administration todayMike Ashley’s plans for an emergency £50 million loan to Sir Philip Green’s struggling Arcadia Group have reportedly fallen through.
  Green’s retail empire, which includes the Topshop, Dorothy Perkins and Burton brands, was
  
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• Arcadia Group inches closer to collapse after Mike Ashley’s £50m loan falls though

  30-11-2020 09:14 via retailgazette.co.uk
  // A £50m emergency loan to Sir Philip Green’s embattled Arcadia Group falls through
  // The loan had been offered by Mike Ashley’s Frasers Group over the weekend
  // It’s thought that Arcadia Group could enter administration todayMike Ashley’s plans for an emergency £50 million loan to Sir Philip Green’s struggling Arcadia Group have reportedly fallen through.
  Green’s retail empire, which includes the Topshop, Dorothy Perkins and Burton brands, was
  
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• City Bulletin: Ashley circles Philip Green’s retail empire

  30-11-2020 09:05
  Ashley circles Arcadia, $44bn data deal talks, meeting monsters
  
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• Shops to be allowed trade around clock to recoup Covid losses, says Jenrick

  30-11-2020 08:58
  
  Communities secretary says shops can open for up to 24 hours a day in December and January Coronavirus – latest updatesSee all our coronavirus coverageShops will be given permission to trade around the clock as the high street tries to recoup some of the losses it has suffered during the pandemic, a cabinet minister has said.Retailers normally have to go through a lengthy process to apply to local authorities under the Town and Country Planning Act if they wish to extend hours outside the
  
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• Mike Ashley offers Philip Green £50m loan as he plans Arcadia bid

  30-11-2020 08:44
  
  Sports Direct boss could give lifeline to owner of Topshop, Topman and Miss SelfridgeLatest news: Arcadia on brink of collapsePhilip Green profile: from ‘zero to hero’ and back againMike Ashley’s Frasers Group, formerly known as Sports Direct, has offered emergency funding to Sir Philip Green’s Arcadia Group, and indicated its interest in buying the business if it falls into administration.In a brief statement, Frasers said it had offered Arcadia – which owns Topsho
  
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• Arcadia on brink of collapse; record month for stock markets – business live

  30-11-2020 08:24
  
  Rolling coverage of the latest economic and financial news 7.24am GMT MPs and unions have been urging Sir Philip Green to “make good” the huge shortfall in Arcadia’s pension scheme.Otherwise, staff could suffer a 10% cut to their retirement income if the company collapses, and the scheme is placed into the UK’s Pension Protection Fund.Stephen Timms, the chair of parliament’s work and pensions select committee, called on Green and his family to plug an estimated &pou
  
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• Currys failed to give voucher for faulty laptop as promised

  30-11-2020 08:00
  
  My wife and I are classed as vulnerable and we need a computer to order food deliveriesIn mid-September I went to Currys to find out when I would get my computer back (bought in 2012) following a repair. I was told it had been written off but, as I had paid monthly for a Team Knowhow support agreement, I would receive a voucher towards the cost of a replacement.Hearing nothing, I returned to the store only to be told it could take up to two weeks to materialise. At the end of the month I receive
  
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• London suffers worst fall in job vacancies among major European cities

  30-11-2020 07:01
  
  Covid-19 restrictions weigh heaviest on capitals with large retail, leisure, hospitality and office sectors, study showsLondon has suffered the biggest fall in job opportunities among Europe’s biggest cities, according to a report showing that national capitals across the region have been damaged most by Covid-19.Britain’s capital is also among five of the biggest cities in western Europe – London, Berlin, Madrid, Paris and Rome – that have recorded a larger drop in new j
  
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• Mitchells & Butlers chief says many central London sites still ‘unviable’ post-lockdown

  30-11-2020 05:00
  Data show visits to shops and amenities in the City failed to recover before latest restrictions
  
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• The Entertainer to give staff three-day break over Christmas

  30-11-2020 01:00 via theretailbulletin.com
  
  Toy retailer The Entertainer is to give its staff a three-day break during the five day period of eased restrictions over Christmas. The company has said... View Article
  
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• Sainsbury’s to extend store opening hours in week before Christmas

  30-11-2020 01:00 via theretailbulletin.com
  
  Sainsbury’s is to extend its opening hours in the week before Christmas to help customers shop “early and safely” during the coronavirus pandemic. Between 21 and... View Article
  
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• Marks & Spencer reverses decision to open stores on Boxing Day

  30-11-2020 01:00 via theretailbulletin.com
  
  Marks & Spencer has reversed its decision to open its stores on Boxing Day this year. In a statement, the retailer said it will be closing... View Article
  
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• Kiddies Kingdom to open new warehouse following record sales

  30-11-2020 01:00 via theretailbulletin.com
  
  Online baby and nursery retailer Kiddies Kingdom is to open a new distribution warehouse in Dewsbury after achieving its best sales period to date. Spanning 47,864... View Article
  
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• John Lewis gives update on Black Friday online trading

  30-11-2020 01:00 via theretailbulletin.com
  
  The John Lewis department store has revealed that it has shipped more than 2.5 million products to customers since it launched its Black Friday offers on... View Article
  
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• Jaeger to cut 103 jobs and close 13 stores

  30-11-2020 01:00 via theretailbulletin.com
  
  Fashion retailer Jaeger is to close 13 stores and cut 130 jobs after entering administration earlier this month. Some 47 jobs will be lost in stores... View Article
  
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• Hammerson creates chief operating officer role

  30-11-2020 01:00 via theretailbulletin.com
  
  Hammerson has appointed Grégoire Peureux to the newly created role of chief operating officer. In his new position, he will be responsible for delivering strategic initiatives... View Article
  
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• Evolving customer engagement in a changing world

  30-11-2020 01:00 via theretailbulletin.com
  
  Customer engagement within retail was undergoing great change, with purpose-led businesses coming to the fore and technology like Artificial Intelligence (AI) having greater impact, and then... View Article
  
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• eBay UK appoints chief marketing officer

  30-11-2020 01:00 via theretailbulletin.com
  
  eBay UK has hired Eve Williams as its new chief marketing officer. She has joined the company from ASOS where she was global brand director with... View Article
  
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• Crew Clothing and Helly Hanson place their trust in PMC’s Managed Service

  30-11-2020 01:00 via theretailbulletin.com
  
  Crew Clothing Company have selected PMC as their IT Support Managed Service Partner to deliver a Level 1 to Level 3 Service Desk, and Hardware Maintenance... View Article
  
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• Crew Clothing and Helly Hansen place their trust in PMC’s Managed Service

  30-11-2020 01:00 via theretailbulletin.com
  
  Crew Clothing Company have selected PMC as their IT Support Managed Service Partner to deliver a Level 1 to Level 3 Service Desk, and Hardware Maintenance... View Article
  
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• Arcadia Group close to collapse

  30-11-2020 01:00 via theretailbulletin.com
  
  Sir Philip Green’s Arcadia Group is reportedly close to collapse after a source from the group told the BBC that it does not expect there to... View Article
  
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