Retail news

• Asda and Morrisons lead supermarkets in selling stores to raise cash fast

  14-04-2024 12:19 via retailgazette.co.uk
  
  Supermarkets are resorting to selling their stores to generate immediate cash flow.
  Leading the trend are Asda and Morrisons, both burdened with significant debt loads, who orchestrated deals to offload their shops and warehouses last year.
  In these transactions, the grocers sell the property but retain the option to lease it back from the new owner, allowing them to continue operating at the same sites.
  Such sale and leaseback arrangements surged in popularity in 2023, accounting for nearly hal
  
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• Getir faces major restructuring amid valuation decline

  14-04-2024 11:47 via retailgazette.co.uk
  
  Delivery giant Getir is discussing a significant restructuring, two years after achieving a valuation of nearly $12bn (£9.6bn).
  According to Sky News sources, the Turkish-founded firm is exploring various options in discussions with its leading investors.
  These options might encompass a breakup of the rapid delivery conglomerate, withdrawal from several of its current markets, or implementation of an emergency restructuring mechanism.
  A source close to the company denied that any form of
  
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• Dr Martens files lawsuit against Temu over alleged trademark infringement

  14-04-2024 11:29 via retailgazette.co.uk
  
  Dr Martens is suing the rapidly-growing Chinese marketplace Temu, accusing them of trademark infringement.
  The British footwear retailer alleges that Temu engaged in paid advertising with Google to promote boots sold on its platform, targeting keywords like “Dr. Martens” and “Airwair” in specific markets.
  The Times reports that this strategy effectively placed Temu’s knock off products ahead of Dr. Martens’ in search engine results.
  Google’s advertising
  
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