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....Analysts said the weakness of VAT receipts were evidence of the more difficult environment for consumers during a period when prices have been rising and wage growth has been stuck at 2%. The CBI’s latest health check of the retail sector – its monthly distributive trades survey – found that the boost to spending seen in April was short-lived. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 10:26:10 AM
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. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 06:30:45 AM
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.... . Analysts at Liberum described the trading update as "solid" and that Dixons Carphone remained their top pick in the UK retail sector with a "buy" rating. ... [Read full article on BBC ]
Wednesday 24th of May 2017 08:16:44 AM
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....3% up on the previous three months – representing an annual growth rate of just over 1%. This is very subdued growth in the retail sector – it compares with an average of 4. ... [Read full article on Guardian ]
Thursday 25th of May 2017 11:14:25 AM
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Latest Finance News related to Retail Sector

Dixons Carphone says consumers keep spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:16:44 AM
.... . Analysts at Liberum described the trading update as "solid" and that Dixons Carphone remained their top pick in the UK retail sector with a "buy" rating. ...
London economy subsidises rest of UK, ONS figures show image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 10:26:10 AM
....Analysts said the weakness of VAT receipts were evidence of the more difficult environment for consumers during a period when prices have been rising and wage growth has been stuck at 2%. The CBI’s latest health check of the retail sector – its monthly distributive trades survey – found that the boost to spending seen in April was short-lived. ...
John Lewis-backed credit union bids to fend off payday lenders image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 06:30:45 AM
. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
.... I had a lot of respect for him, and eventually my desire for him to return my admiration led me to change my life. I don’t miss unloading trucks, but I do not regret the years I spent working at Walmart, especially because of the lessons my co-workers taught me: humility, patience, and respect for those scratching out a living in the low-paying retail sector. ...
Retail sales in April beat forecasts with a 2.3% rise image
Source : BBC [Read Article] Thursday 18th of May 2017 09:01:02 AM
....The retail sales figures come a day after separate ONS figures indicated that wages were rising slower than inflation for first time since mid-2014. Keith Richardson, managing director retail sector at Lloyds Bank Commercial Banking, said the retail figures were "welcome news, but it's too early to think that the tide is turning after a dismal first quarter". ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
. Weaker-than-expected sales at several US department store chains reignited concerns about the US retail sector and prompted investors to offload shares. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
....The authors said new business expanded at a faster pace in April and that “anecdotal evidence from survey respondents suggested that greater business-to-business sales had helped to offset subdued discretionary consumer spending”. Alan Clarke, economist at Scotiabank, said the survey “probably overstates the buoyancy of growth”, noting that it excludes the retail sector, which has been hurt by weaker consumer spending in recent months. ...
Move over Mulberry image
Source : BBC [Read Article] Wednesday 3rd of May 2017 11:22:13 PM
....6m) worth of bags, ranging in price from $75 for a simple pouch, to $620 for an extravagant tote. The handbag industry is the latest retail sector to wake up to the possibilities of allowing customers to design their own product. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
.... Whole Foods had grand plans for a UK expansion too, opening its first outpost in Kensington in 2004 with plans for 40 more. But Whole Foods has stalled: like much of the retail sector, it faces economic headwinds including razor-thin margins, competition from other retailers offering organic food, and increasingly price-conscious consumers. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....But, she cautioned, the system might not necessarily work for women, whose requirements around style and color and sizing are more intricate and nuanced. Nor will the Bonobos model solve the larger problems of the retail sector, which accounts for about one in 10 American jobs, or the blight affecting the US main street or its declining system of shopping malls. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
.... Several retailers filed for bankruptcy in 2016, including Sports Authority, speciality golf retailer Golfsmith International Holdings and sports goods manufacturer Performance Sports Group. The travails of sports shops reflect the American retail sector as a whole, which has been hit by tens of thousands of redundancies in recent months due to online competition. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
.... The pound is 14% lower against the dollar than it was on the day of the referendum in June when the UK voted to leave the European Union. Weaker sterling makes goods imported from abroad more expensive, which is a big blow to the retail sector when Britain imports most of its food and runs a large deficit in goods with the rest of he world. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
....4% on the year. Keith Richardson, managing director of retail at Lloyds Bank Commercial Banking, said that after record growth in 2016, the retail sector was slowing down. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....2% in February and was the weakest since November 2015. The retail sales and inflation data follow news of a sharp slowdown in job creation in the US in March as the poor weather, a government hiring freeze and a faltering retail sector all appeared to put a chill on President Donald Trump’s promise to boost hiring. ...
Farfetch aims to end fashion faux pas with new service image
Source : BBC [Read Article] Wednesday 12th of April 2017 03:52:00 PM
....A luxury shopping website has a new answer for fashion emergencies: 90-minute delivery from Gucci. London-based Farfetch has come up with the service in a bid to defend itself amid the upheaval in the retail sector. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
. It used to be said that Tesco was so popular that one in every eight pounds spent in the UK retail sector ended up in the supermarket’s jingling tills. ...
Can end of unhappy marriage with L'Oréal breathe new life into Body Shop? image
....4% a year before, according to analysts GlobalData. That poor performance came despite good times for the beauty industry, particularly in the UK, which is currently the fastest-growing retail sector. ...
US gained only 98,000 jobs in March, putting a chill on Trump's promises image
. The US economy added just 98,000 jobs in March as a cold snap, a government hiring freeze and a faltering retail sector appear to have put the chill on Donald Trump’s promise to boost hiring. ...
'People aren't spending': stores close doors in 'oversaturated' US retail market image
....”. This week, Credit Suisse downgraded the retail sector, saying the outlook had become bleaker than it had anticipated in large part because of events in Washington and through discussion of “whether we think the risks of the border adjustment provision in the House corporate tax reform proposal are fully reflected in apparel and retailing stocks”. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
. If you want a clear explanation of what's wrong with the retail sector, read Next's results statement. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
.... Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes the John Lewis departments store chain, said the bonus had been cut to strengthen its balance sheet amid structural changes in the retail sector and rising costs linked to the devaluation of sterling since the Brexit vote. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... An official accounting body ought to have a look. The retail sector, in particular, seems to have adopted pre-packs with an enthusiasm that was never intended. ...
Philip Green owes us BHS workers much more than ‘up to’ £363m | Grant Atterbury image
....There is also a less tangible void left behind when a close-knit group of workers, some of whom had dedicated their working life to the company, are suddenly scattered to the wind. Many have found employment elsewhere in the retail sector, but are contracted for less hours than they worked at BHS or on temporary contracts. ...
War of convenience as supermarket chains take on small stores image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
.... If Tesco seeks to level the margins across all areas of the merged business it could be very bad news for suppliers. One senior insider agrees: “I imagine the independent out-of-home and convenience retail sector is where Tesco thinks it can deliver the biggest gains from enhanced buying power. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
.... With such power, and with an effective duopoly in the app market, is there cause for concern over market control?. “I don’t think it is any more worrying than, say, dominance in the [high street] retail sector, especially for games, which comes down to just a few main players like Walmart and Tesco,” says Molyneux. ...
Luxury retailers hope Chinese new year tourists will leave them crowing image
Source : Guardian [Read Article] Saturday 28th of January 2017 08:00:49 AM
....The post-Brexit vote fall in the value of the pound, which has made Britain 11% more affordable for visitors from China, has combined with an easing of the visa system and an increase in the number of direct flights to make the UK a hot destination. Chinese shoppers are particularly good news for the UK’s retail sector asthey are big spenders, spending an average of £2,174 each during their stay – about three and a half times the average of other visitors. ...
Jingle tills image
Source : BBC [Read Article] Thursday 12th of January 2017 01:08:49 PM
. Now the leftovers are all curry and the tree is at the tip, it's time to digest the news from the retail sector over just how merry a Christmas it really was. ...
John Lewis to cut staff bonus after pound’s Brexit slide image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:25:01 AM
....Mayfield said: “Although we expect to report profits up on last year, trading profit is under pressure. This reflects the greater changes taking place across the retail sector. ...
Ethical gift market helps Oxfam post highest Christmas sales for five years image
Source : Guardian [Read Article] Thursday 12th of January 2017 12:01:12 AM
.... The Charity Retail Association (CRA) said indications were that overall most charity shops were seeing a small growth in sales. The charity retail sector contributed around £270m to parent charities in 2015-16, according to the CRA, with donated good accounting for four-fifths of income. ...
Aldi reports record Christmas sales image
Source : BBC [Read Article] Monday 9th of January 2017 12:05:48 AM
...."With a continued focus on price and improving value perceptions, Aldi is well placed to maintain its momentum into 2017," he said, adding that planned store refurbishments would help create "a stronger first impression for new customers". Last week, Next supplied a shock to the retail sector when it reported a disappointing Christmas trading period and warned that conditions would continue to be difficult this year. ...
Murder, she wrote: the missing bankers thriller image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:00:11 AM
.... At the time, that was the worst monthly result seen since 2008. Yes – that’s the cheery new year’s message for the retail sector delivered by BDO on Friday, via its high street sales tracker report. ...
Retail pay drops sharply in 2016 image
Source : Guardian [Read Article] Monday 2nd of January 2017 12:01:09 AM
....Advertised salaries fell 2. 7% in the year to November, with the biggest drop in wages hitting workers in the retail sector, according to a new report. ...
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....The failure of the department store chain earlier this year, which triggered 11,000 job losses, has led to a record number of applications to the Fashion and Textile Children’s Trust for help. The charity assists children whose parents work in the retail sector but are struggling to make ends meet. ...
John Lewis boss: higher minimum wage should boost productivity image
Source : Guardian [Read Article] Sunday 25th of December 2016 02:17:39 PM
....“What we recognise is that we need to improve our profit per partner to make our business successful in the future. We are actually by most measures a very productive retail business, however the sector is facing some structural and significant challenges, which means even a very good performing business in the retail sector has to improve its productivity in order to thrive and prosper. ...
Retail figures pick up as shoppers spend before price rises image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:04:24 PM
....Its growth indicator, compiled from surveys of 788 respondents from manufacturing, the retail industry and the broader services sector, climbed to a balance of +17% in the three months to December, the highest in a year. The manufacturing sector saw a strong rise in activity, and although retail sector growth slowed from November’s pace, the report said the rise in sales remained solid. ...
Retail sales rise thanks to Black Friday boost in November image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:33:01 AM
. Bumper sales on Black Friday and Cyber Monday helped the retail sector to maintain strong growth in November and bolstered hopes of a busy Christmas on the high street. ...
Retail sales rise on Black Friday discount boost image
Source : BBC [Read Article] Thursday 15th of December 2016 09:48:44 AM
....2%. Paul Sirani, chief market analyst at Xtrade, said: "The retail sector has been in fine fettle since Brexit and, although [Thursday's] figures are not as strong as October's, there is plenty of reason to believe that shoppers will continue to spend well over the festive period. ...
Hammond needs to look beyond road-building to lift UK's productivity image
Source : Guardian [Read Article] Sunday 27th of November 2016 01:45:44 PM
.... Fearful of how that new role will fit in with her childcare arrangements, the woman turns down the promotion. When JRF commissioned research into productivity and pay in the retail sector by the economist and former MP Kitty Ussher, she found about half of retail workers who already worked part-time said they would only accept a promotion if they could remain part-time. ...
Business rate hike may force UK's shops to raise prices image
Source : Guardian [Read Article] Sunday 20th of November 2016 06:03:24 PM
....2bn over the next five years. Mark Rigby, the chief executive of CVS, said: “The retail sector is facing a significant shift in structural dynamics, with most reporting challenging conditions ahead. ...
300 jobs at risk at online bike retailer image
Source : BBC [Read Article] Wednesday 26th of October 2016 02:37:02 PM
...."This loss of employment is yet another blow to Northern Ireland's economy. These losses affect our retail sector which have suffered the collapse of Exhibit as well as BHS," he said. ...
John Lewis appoints Paula Nickolds as first female managing director image
Source : Guardian [Read Article] Tuesday 25th of October 2016 12:20:28 PM
.... Nickolds may also have to consider pruning new store developments and finding new uses for store space that is no longer needed. Sir Charlie Mayfield, chairman of the John Lewis Partnership, the department store’s parent group, which also owns Waitrose, said: “At a time of transformation in the retail sector, Paula’s progressive and dynamic leadership is just what’s needed for the next phase of modern retailing. ...
John Lewis appoints Paula Nickolds as first woman boss image
Source : BBC [Read Article] Tuesday 25th of October 2016 12:19:20 PM
....". Sir Charlie Mayfield, chairman of the John Lewis Partnership, said: "At a time of transformation in the retail sector, Paula's progressive and dynamic leadership is just what's needed for the next phase of modern retailing. ...
Britain's high streets under strain as 15 shops close every day image
Source : Guardian [Read Article] Monday 24th of October 2016 11:01:07 PM
....Tobacconists, estate agents and jewellers are taking over high streets across Britain as the number of shops in the country falls at its fastest rate for four years. There were 15 shop closures a day across the UK in the first half of 2016 and the number of new openings has fallen to the lowest level for five years, according to a report that highlights the pressure on the retail sector. ...
Warm weather subdues UK's September retail sales image
Source : BBC [Read Article] Thursday 20th of October 2016 09:16:57 AM
....Analysts blamed the warmer weather in September for flat sales and cautioned falling sterling and rising inflation may impact future trade. "Britain's erratic weather has really taken its toll on retailers this year, and a warm September was the last thing that the high street needed," said Keith Richardson, managing director of the retail sector at Lloyds Bank Commercial Banking. ...
Asda faces £100m equal pay battle with shopfloor staff image
Source : Guardian [Read Article] Friday 14th of October 2016 02:13:20 PM
.... “The tribunal has yet to consider whether the jobs are of equal value in terms of their demands and, if some jobs are, only then will the tribunal move on to consider the reasons for the differentials, including the existence of different market rates in different industry sectors,” it said. At the hearing in June, Asda argued that its distribution and retail sectors were “fundamentally different” and that they operated in different environments and required different skillsets. ...
Travellers hit by 'abominable' exchange rates at UK airports image
Source : Guardian [Read Article] Wednesday 12th of October 2016 09:30:19 AM
.... I think’s she’s an amazing woman, but I wish she would listen more to small businesses,” Michelson said. Richard Hyman, an independent retail analyst, predicts a massive shakeup in the retail sector, with small and large shops that are unable to absorb the import inflation going to the wall. ...
Money makers image
Source : BBC [Read Article] Friday 30th of September 2016 11:11:19 PM
....2m), 7,700-sq-metre retail centre in Lagos. Nigeria's retail sector has seen significant growth over the past five years and savvy investors like Mr Onunkwo tapped in early. ...
UK retail sales shrug off Brexit vote image
Source : BBC [Read Article] Thursday 15th of September 2016 08:56:50 AM
....2% from August last year. The ONS said the underlying pattern for the retail sector was "solid growth". ...
John Lewis profits hit by competition and higher pay image
Source : BBC [Read Article] Thursday 15th of September 2016 06:21:34 AM
....45bn compared with the figure in January due to low bond yields. The British Retail Consortium (BRC) warned earlier this year that rising costs due to the National Living Wage could accelerate job losses in the retail sector. ...
Pure Gym to work out London stock market listing image
Source : BBC [Read Article] Wednesday 14th of September 2016 07:38:04 AM
....Virgin Active charges about £130 a month for membership, . The gym market has faced similar pressures to the retail sector, with those at the bottom and top prospering, while those in the middle suffering. ...
Sainsbury's to launch same-day online delivery image
Source : BBC [Read Article] Thursday 21st of July 2016 11:35:21 AM
....". The UK retail sector has been under growing pressure to retain and build customer numbers as more shoppers have turned to discount supermarket chains Lidl and Aldi. ...
Wet weather hurts clothing sales in June image
Source : BBC [Read Article] Thursday 21st of July 2016 09:25:32 AM
...."The combination of higher prices, job cuts and the Chancellor's decision not to immediately alter the fiscal plans likely will bring the recovery in consumer spending to its knees," he added. Scott Bowman from Capital Economics added that "the poor base set by the June result means that the retail sector will play its part in our expectation that GDP growth will fall to around zero" in the third quarter. ...
US job creation rebounds strongly in June image
Source : BBC [Read Article] Friday 8th of July 2016 12:38:04 PM
....The growth in jobs was seen across a variety of sectors. Manufacturing employment - which had dropped by 16,000 in May - rose by 14,000, there were 29,900 more jobs in the retail sector, and the leisure and hospitality sectors gained 59,000 jobs. ...
My Local enters administration with 1,000 jobs at risk image
Source : BBC [Read Article] Wednesday 29th of June 2016 09:11:21 PM
...."Although the majority of stores have now closed, we are in active discussions with a number of interested parties in relation to both the remaining 32 premises that are trading and a small number of those that have closed," he said. The failure of My Local comes at a difficult time for the retail sector, following on from the failures of BHS and Austin Reed. ...
BHS: Philip Green demands apology for 'outrageous' claim image
Source : BBC [Read Article] Wednesday 29th of June 2016 10:01:05 AM
....'Earlier this month, administrator Duff & Phelps, which took control of BHS in April, was forced to admit defeat in its attempts to find a buyer for the department store. It blamed "seismic shifts" in the retail sector for the collapse of the chain. ...
British retail sales slowed in run-up to EU referendum, says CBI image
Source : Guardian [Read Article] Tuesday 28th of June 2016 11:21:28 AM
....British retail sales slowed in the run-up to the EU referendum, an industry survey has shown. A balance of UK retailers saying sales rose minus those who reported falling sales fell to 4% in June, down from 7% in May, according to the Confederation of British Industry’s latest snapshot of the retail sector (pdf). ...
Accountancy regulator to probe PwC audit of BHS image
Source : BBC [Read Article] Monday 27th of June 2016 10:47:30 AM
....Earlier this month, administrator Duff & Phelps, which took control of BHS in April, was forced to admit defeat in its attempts to find a buyer for the department store. It blamed "seismic shifts" in the retail sector for the collapse of the chain. ...
Brexit likely to raise cost of clothing and food, warns Next boss image
Source : Guardian [Read Article] Saturday 25th of June 2016 11:21:19 AM
.... If sterling remains weak or falls further, prices will inevitably rise, said Monteyne. Analysts were already worried about the outlook for the retail sector as consumer confidence was fragile even before the Brexit vote. ...
Retail jobs to fall to five-year low as shops recoup living wage costs image
. Job opportunities in the retail sector are expected to fall to their lowest level for five years as shop owners claw back the costs of the government’s new living wage. ...
Retail sales revival allays fears of Brexit jitters image
Source : Guardian [Read Article] Thursday 19th of May 2016 10:22:09 AM
....The ONS said all store types, except textile, clothing and footwear stores, recorded increases in sales volumes on a year ago. Its head of retail sales, Melanie Richard, commented: “Clothing stores remain the main drag on growth in the retail sector, with sales hampered by unseasonal weather. ...
Brexit could shift Europe's political centre of gravity, says Fitch image
....Fitch, which previously warned that Brexit could hurt the UK’s strong credit score, reiterated the risk in an update to investors on Monday. It also warned that a vote to leave the EU on 23 June could hurt British airlines and trigger further failures in the retail sector, but that a weaker pound would bolster exporters’ competitiveness. ...
BHS and Austin Reed set for rescue deals - stores may be saved this week image
Source : Daily Express [Read Article] Sunday 15th of May 2016 12:01:00 AM
....Its collapse has sparked a bitter row involving the company’s management, its former owner Dominic Chappell, high-street kingpin Sir Philip Green and MPs on the House of Commons business and work and pensions select committees. Green sold BHS for £1 in March 2015 to Chappell’s Retail Acquisitions consortium and has been pilloried for selling the struggling department store chain to a former racing driver, who has been declared bankrupt three times and who had no experience of the retail sector. ...
Tesco boss Dave Lewis paid £4.6m image
Source : Guardian [Read Article] Friday 13th of May 2016 07:17:07 AM
.... Despite the pay rise, Tesco’s terms and conditions lag behind rivals Sainsbury’s, Morrisons, Aldi and Lidl. Deanna Oppenheimer, who chairs Tesco’s remuneration committee, explained the executive pay policy: “Stretching 2015-16 annual bonus targets were set last year in the context of significant uncertainty and volatility for both Tesco and the retail sector, at a time when nearly all key indicators in the business were on a steep, negative trend. ...
Women could bear brunt of high street job losses, survey warns image
Source : Guardian [Read Article] Wednesday 11th of May 2016 11:30:00 AM
....Sir Charlie Mayfield, the chairman of the BRC and the John Lewis Partnership, said the Retail 2020 report “includes some worrying findings”. The retail sector, the country’s largest private sector employer, is going through unprecedented upheaval as changes in shopping habits see sales move online, reducing the number of shoppers on the nation’s high streets. ...
UK plc sparks slowdown fear image
Source : Daily Express [Read Article] Wednesday 4th of May 2016 01:57:00 PM
....2. Output from car plants has been a rare bright spot but a slower oil and gas industry has squeezed factories and the retail sector is faltering – as highlighted by the collapse of BHS. ...
UK manufacturing sector suffers worst month in three years image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 09:37:33 AM
.... Economists believe the decline will drag on GDP growth this year. Financial data provider Markit, which carried out the survey, said manufacturers had blamed slower growth in the UK and a downturn in new export orders alongside “rising uncertainty about the global economy, the oil and gas industry, retail sector and the EU referendum”. ...
Select committee chief lashes out at Sir Philip Green over BHS sale image
....Wright highlighted the sale of the business to Dominic Chappell, a former bankrupt who bought BHS via a company called Retail Acquisitions last year. He said: “The question that we want to ask Sir Philip Green is, ‘You bought BHS, took enormous sums out of the business, the pension scheme went from surplus to deficit and then you sold it for a pound to somebody who was twice bankrupt and who had no experience whatsoever of the retail sector – is that appropriate stewardship of a big, important company?’”. ...
Sir Philip Green must repay £400m or lose knighthood, says MP image
Source : Guardian [Read Article] Tuesday 26th of April 2016 11:44:24 AM
....BHS called in administrators on Monday, putting almost 11,000 jobs at risk and the PFF is set to take on the company’s pension scheme. There was further bad news for the retail sector on Tuesday as clothing retailer Austin Reed also collapsed into administration, threatening more than 1,000 jobs. ...
Austin Reed set to file for administration as fears grow for high street image
Source : Daily Express [Read Article] Tuesday 26th of April 2016 08:57:00 AM
....Connor Campbell, financial analyst at Spreadex. com, said: "With Next and M&S having difficult quarters, and BHS likely to have disappeared off the high street by the end of the year, it is a tough time to be in the UK retail sector. ...
The Guardian view on BHS: murder on the high street | Editorial image
Source : Guardian [Read Article] Monday 25th of April 2016 06:38:20 PM
.... The corporate obituaries almost write themselves. Cue headlines about “the way we used to shop”, pictures of brass pendant lights and easy-care checked shirts; memories of sausage ’n’ chips washed down with tea at the in-store cafe; and retail sector analysts sharing expertise about how out-of-town malls, e-commerce and supermarkets that peddle kitchenware have done for the all-purpose store on the high street. ...
City news: House of Fraser, Banking, BT, Premier Foods image
Source : Daily Express [Read Article] Thursday 14th of April 2016 12:01:00 AM
.... . Chief executive Nigel Oddy said: “The response to the launch of our latest collection has been encouraging despite a slower than expected start to the new financial year across the retail sector. ...

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