Retail news

Křetínský set to win battle for Casino after rivals drop out

16-07-2023 20:18 via ft.com

Revised offer would lead to €1.2bn equity injection in debt-laden French supermarket

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Tesco puts squeeze on suppliers so it can cut grocery prices for customers

16-07-2023 15:30

As market moves from ‘inflation to deflation’, supermarket wants to get ahead of rivals Tesco is pushing for lower prices from grocery suppliers so it can pass them on to its shoppers, arguing that the tide is turning on inflation and it wants to be able to move faster than rivals.In a presentation to suppliers at the end of last week, Tesco described the grocery market as moving from “inflation to deflation” and made clear that it wanted to get out in front of rival supe

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Boohoo suppliers have credit insurance cut

16-07-2023 11:32 via retailgazette.co.uk

Credit insurer Allianz Trade has slashed cover for Boohoo suppliers, which could hit the online retailer’s cashflow.
Cover has been cut by an average of 50%, with some suppliers to the fast fashion retailer having their coverage level cut to zero from September, according to The Sunday Times.
It follows credit insurers cutting cover for fellow fast fashion giant Asos in May.
Credit insurance protects suppliers against the risk of their client going bust before payment is received for produ

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Tesco looks to supplier cuts as it aims to lower prices faster than rivals

16-07-2023 11:06 via retailgazette.co.uk

Tesco is leaning on suppliers to pass on cost savings as it strives to cut prices faster than its rivals.
The grocery giant met suppliers on Thursday and made clear that it wanted to lead the way on price cuts as it described the market as moving “from inflation to deflation”, according to The Sunday Times.
The grocer highlighted the 50% drop in wholesale electricity prices, a 22% in plastic PET packaging prices and a 84% plummet in freight costs, within its presentation to suppliers

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Shein faces US lawsuit over copying independent designers

16-07-2023 11:05 via retailgazette.co.uk

Shein has been met with a new lawsuit after independent designers accused it of infringement-related racketeering activities.
The suit also said the company used a “confusing corporate structure” which allowed it to get round theft accusations and “avoid liability”.
It noted the retailer’s “first line of defence” when met with a “copyright or trademark cease and desist letter or lawsuit” was “removing the product from its sites with bla

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