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....One area of promise is the emerging market for battery and solar installations, which maximise the financial benefits from generating electricity from the sun. The company has a dedicated team working on batteries and is working with an undisclosed retailer on one major storage project. ... [Read full article on Guardian ]
Sunday 28th of May 2017 03:56:59 PM
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.... In the brand’s heyday, its clothes were worn by Audrey Hepburn and Marilyn Monroe but recently it has struggled to turn a profit amid heavy competition. Day is understood to have bought the retailer’s debt and brand name in March but not the main company, meaning that the future of most of Jaeger’s 700 employees and payments for suppliers remains unclear. ... [Read full article on Guardian ]
Sunday 28th of May 2017 04:46:27 PM
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Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
.... In the brand’s heyday, its clothes were worn by Audrey Hepburn and Marilyn Monroe but recently it has struggled to turn a profit amid heavy competition. Day is understood to have bought the retailer’s debt and brand name in March but not the main company, meaning that the future of most of Jaeger’s 700 employees and payments for suppliers remains unclear. ...
UK's biggest solar company takes shine to global projects with deals worth £3bn image
....One area of promise is the emerging market for battery and solar installations, which maximise the financial benefits from generating electricity from the sun. The company has a dedicated team working on batteries and is working with an undisclosed retailer on one major storage project. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
....The month must be May, because there’s another revival plan under way at Marks & Spencer, and another chief executive trying to explain why it isn’t going well. A year after taking charge at the retailer, Steve Rowe blamed weakening sales on a generally weak clothing market and a reduction in discounting. ...
Electric bikes help power cycle sales at Halfords image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:38:37 PM
. Bike and car parts retailer Halfords has reported a surge in demand for electric bikes. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
.... Living standards are again falling, but while the economy has slowed markedly, as the latest GDP update showed, it continues to defy the gloomy forecasts of a Brexit recession made by some commentators this time last year. In the latest figures, unemployment is at the lowest level since 1975 and retail sales rebounded as shoppers apparently shrugged off any worries about rising prices to keep spending in April, although many retailers and economists take issue with the accuracy of the official data. ...
FTSE ends flat as Wizz Air takes off image
Source : BBC [Read Article] Thursday 25th of May 2017 08:01:17 AM
....Shares in Halfords added 3. 2% as investors shrugged off news of lower profits at the car parts and bike retailer. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
....Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. The car parts, bikes and camping retailer said pre-tax profits fell 10. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
.... “This is an area undergoing the most dramatic change – the council doesn’t use the term ‘gentrification’, they use the term ‘regeneration’,” he said as we strolled down a pleasant high street in the sunshine, looking up at Victorian facades renovated by the council. Along the road, hipster cafes and pubs were interspersed with clothing retailers, halal butchers and phone shops. ...
Tesco to trial a phase-out of single-use 5p plastic bags image
Source : Guardian [Read Article] Wednesday 24th of May 2017 03:20:10 PM
....If successful, it could lead to the bags being phased out completely, less than two years after the law was changed in England to force larger stores to charge for them. Britain’s biggest retailer has launched the 10-week trial in three stores – in Aberdeen, Dundee and Norwich – to see how customers manage without the 5p bag option. ...
Dixons Carphone says consumers keep spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:16:44 AM
. Sales at mobile phone retailer Dixons Carphone rose 4% for the year to April despite what it calls "a lively political backdrop". ...
M&S profits dive by nearly two-thirds as clothing sales slide image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:59:23 AM
....4m as weak clothing sales were compounded by more than £400m of restructuring costs relating to the new chief executive’s turnaround plan. Chief executive Steve Rowe insisted the retailer was on the road to recovery despite a worsening sales performance in both its clothing and food aisles in the last three months of the financial year. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....4m last year following a costly business overhaul. The retailer said that a decline in clothing sales and higher costs from opening new food stores were partly to blame for the 64% fall. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
. A group of suppliers owed millions of pounds by the collapsed fashion retailer Jaeger is considering taking legal action against its former owners. ...
London economy subsidises rest of UK, ONS figures show image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 10:26:10 AM
....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. Of the 117 retailers questioned, 29% said sales were higher in May than a year earlier, while 27% said they were lower. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....7m zero-hours contracts, representing 6% of all employment contracts, across 905,000 workers at the end of last year. Zero-hours contracts are common among big retailers such as Sports Direct, restaurants such as McDonald’s, and among leisure companies and hotels. ...
I’m innocent, so how can I park this fine back with Aldi? image
Source : Guardian [Read Article] Monday 22nd of May 2017 06:00:15 AM
.... SD, Stalybridge, Cheshire. Aldi’s car parks throughout the UK are managed by ParkingEye, though the retailer encourages shoppers who have been slapped with what they consider to be an unfair charge to complain directly (via customer. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
....The disappointing finish to the year will be revealed alongside a sharp fall in annual profits. Hopes that M&S chief executive Steve Rowe had come up with a winning formula for the UK’s biggest clothing retailer were raised after it recorded its first underlying growth in nearly two years over the key festive quarter. ...
Marks & Spencer’s underwear is level at 30,000 feet image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
....Its newish chief exec, Steve Rowe, is to be joined by a fresh chairman, former Asda chief executive Archie Norman. Meanwhile, the retailer is also poaching Halfords boss Jill McDonald to run the clothing business – the improvement of which is Rowe’s “number one priority” as well as it being something of a family dominion. ...
How workable – and how expensive – might Labour’s renationalisations be? image
....This is likely to be a more organic process, whereby the government funds municipal networks that will take over the National Grid on an area-by-area basis. In addition, the government will support a new breed of local supplier to compete with the big six retailers of power that include Centrica, E. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
....Ikea is considering making more products in the UK as the Swedish furniture chain bids to fend off Brexit-led price rises. The retailer already makes some sofas and mattresses in Britain, but UK boss Gillian Drakeford said it was actively examining how it might increase that work while looking at other products that can be sourced domestically. ...
Foot Locker shares plunge after weak sales image
Source : BBC [Read Article] Friday 19th of May 2017 04:03:23 PM
....Why we love trainers. Sales increased as the period progressed, he added, repeating observations made by other retailers. ...
Marlboro maker accused of using branded tins to sidestep plain packaging rules image
....Philip Morris, one of the world’s largest tobacco companies, came under fire from MPs and anti-smoking campaigners on the eve of the biggest change in tobacco regulation since the smoking ban. From Saturday, retailers will no longer be able to sell branded cigarette packets, as a 12-month grace period to allow tobacco firms to phase out old cartons comes to an end. ...
More Pritt Stick than Pippa  image
Source : BBC [Read Article] Thursday 18th of May 2017 11:00:06 PM
.... . The average cost of a wedding dress has fallen 25% year-on-year, according to online fashion retailer Lyst, from £1,329 to a still-not-insignificant £832. ...
Mothercare looks to almost halve number of UK stores image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:10:59 PM
....”. At the start of this decade Mothercare was a ubiquitous presence on British high streets with closer to 400 stores but successive management teams have whittled away at that figure as the retailer struggled to compete with incursions by the supermarkets and online giant Amazon into what was once a specialist market. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
....The buyout comes after Transline had a tough 18 months after the publication of a Guardian investigation into pay and conditions at Sports Direct’s warehouse. An HMRC investigation followed, which resulted in a deal where the retailer, Transline and a second agency, the Best Connection, agreed to stump up about £1m in backpay to affected workers. ...
Alibaba revenues jump 60% as Chinese growth continues image
Source : BBC [Read Article] Thursday 18th of May 2017 04:48:01 PM
....But investors weren't satisfied, sending shares down 3% on Thursday. Alibaba, started by billionaire Jack Ma, is the dominant online retailer in China. ...
Asda suffers 11th quarter of falling sales image
Source : BBC [Read Article] Thursday 18th of May 2017 01:49:20 PM
....5bn - which was in line with analysts' expectations. The company, which used to be the world's biggest retailer, has been investing heavily to tackle the endless threat from Amazon. ...
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
....April's rebound contrasted with March, when sales saw the biggest fall in seven years. "Anecdotal evidence from retailers suggests that good weather contributed to growth," the ONS said. ...
Recycling body criticises Pringles and Lucozade packaging image
Source : BBC [Read Article] Thursday 18th of May 2017 03:18:47 AM
....Get news from the BBC in your inbox, each weekday morning. The Pringles carton is iconic in the world of branding and has been replicated by own-brand retailers in what’s become known as the "Pringleisation" of packaging. ...
Ikea to create 1,300 UK jobs in three new stores image
Source : Guardian [Read Article] Wednesday 17th of May 2017 10:02:07 AM
....Ikea became an accredited living wage employer, under the independently verified scheme, early last year, and Drakeford said it had introduced other improvements to working conditions, including one weekend off in four for all employees, guaranteeing more contracted hours and staff rotas a month in advance, all of which was helping to retain workers. These improvements come as retailers and other businesses face the potential loss of workers from the EU. ...
Dear John Lewis, all I want is my £155 refund … refunded image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:00:01 AM
. Can you please help John Lewis credit card to find my refund? Last October I bought some £155 stools from an online retailer and paid using my John Lewis Partnership MasterCard. ...
Ex-BHS owner Dominic Chappell could be pursued by Sir Philip Green for millions image
....Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. Chappell’s Retail Acquisitions (RAL), which bought BHS for £1 in 2015, has been accused of extracting an estimated £17m from the retailer despite owning it for just 13 months before it went into administration in 2016. ...
Sales growth grinds to a halt for TK Maxx image
Source : BBC [Read Article] Tuesday 16th of May 2017 03:15:57 PM
....Chief executive Ernie Herrman said the disappointing results were partly due to bad weather. He said sales picked up at the end of the quarter, echoing observations from other retailers. ...
Supermarkets step up wonky fruit and veg push image
Source : BBC [Read Article] Monday 15th of May 2017 02:57:36 PM
....But if customers will only accept blemish-free produce, there's little point in a supermarket putting it on the shelf only to throw it away unsold later. That's one reason why retailers are giving such goods clear labelling and other promotional pushes. ...
April cold weather could cause a shortage of British fruit, say farmers image
....Capper said last month’s plummeting temperatures would not only affect the size of fruit growers’ harvests but that homegrown apples and pears would look less perfect as frost can cause skin damage, an effect called russeting. “We will need our retailers and customers to be less fussy this year if they want beautiful-tasting English apples,” she said. ...
Which? names Richer Sounds and Toolstation as UK's best-rated shops image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:01:40 AM
....They are not exactly household names, unless you spend your weekends in the shed or fiddling with your surround-sound speakers, but an influential shopper survey has named Toolstation and Richer Sounds as the UK’s most highly-rated shops. The two retailers were ranked joint first, ahead of customer service luminaries Apple and department store chain John Lewis, in the poll of 10,000 shoppers by consumer group Which?. ...
Bathstore accused of using cowboy fitters who damaged properties image
Source : Guardian [Read Article] Saturday 13th of May 2017 06:00:39 AM
. Two women who each paid Bathstore £5,000 to install new bathrooms in their homes have claimed the retailer used cowboy builders who caused leaks and damage to their homes – and then tried to intimidate them into signing off their shoddy work. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
.... . Earlier this week rival retailers, including Macy's and Nordstrom, also reported declining sales. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
....According to the government’s website, he is entitled to hold one-to-one meetings with senior government ministers and host “high-level incoming visitors”. There are 44 business ambassadors, including Douglas Flint, the chairman of HSBC, and Natalie Massenet, the founder of fashion retailer Net-a-Porter. ...
Tesco chief executive Dave Lewis sees pay fall 10% image
Source : BBC [Read Article] Friday 12th of May 2017 02:48:01 PM
.... In March, Tesco was fined £129m for the affair. The retailer has also been trying to re-adjust to a price war brought on by the rise of German discounters Aldi and Lidl. ...
Tesco boss's bonus cut despite first sales growth in seven years image
Source : Guardian [Read Article] Friday 12th of May 2017 07:21:20 AM
....25m, and stays the same for the year ahead. The retailer’s remuneration committee, which decides how much top executives should be paid, said the level of bonus paid to Lewis was based on how far he had met the “stretching” targets set for the year. ...
I returned a bathroom sink to Aqva but it claims it arrived damaged image
.... The wrong colour item was delivered so I returned it at my expense. Aqva emailed to advise that it would not offer a refund as the product was damaged, but I have photos showing that it was in good condition when I returned it and the courier company has confirmed in writing to me that the retailer signed that it had been received in good condition. ...
Can US retailers keep their doors open? image
Source : BBC [Read Article] Thursday 11th of May 2017 10:17:25 PM
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Related to :
Idris Elba and falling pound help Superdry emerge as Brexit winner image
Source : Guardian [Read Article] Thursday 11th of May 2017 04:39:17 PM
....6m. Despite the upbeat picture, the shares fell almost 5% as the management team, led by chief executive Euan Sutherland, juggles higher sourcing costs (in common with other retailers, SuperGroup sources its clothing in dollars) and the runaway growth of its wholesale business, which has lower profit margins than retail. ...
Number of zero-hours contracts stalls at 'staggering' 1.7m image
Source : Guardian [Read Article] Thursday 11th of May 2017 12:31:31 PM
....Employees on zero-hours contracts are not guaranteed a minimum number of hours in any given week. The contracts have been widely used by retailers, restaurants, leisure companies and hotels, including Sports Direct and McDonald’s, and tend to be most commonly used at larger firms. ...
Barclays chief apologises to shareholders over whistleblowing incident image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:26:33 PM
.... About 12% of investors voted against his appointment because of concerns about his time commitment. Cheshire also chairs retailer Debenhams, French furniture company Maisons du Monde and investment company Menhaden Capital, and is senior independent director at Costa Coffee owner Whitbread. ...
Expedia money saving: How to slash 12% price from of holiday and flight bookings image
....Cash can then be directly transferred to the user's personal bank account. The sites both offer cashback on a wide range of retailers across the high street, so before making any online purchase it's worth checking if you can earn money on your purchase. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....The warning follows the controversy over rising energy bills and inflation-busting increases in council tax that have already hit household budgets ahead of the general election. Recent surveys have shown consumers devoting a bigger slice of their weekly shopping budget to essential items in response to increasing prices by a wide range of retailers. ...
This is the £40 driver gadget that can slash the price of car insurance image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 03:36:00 PM
....”. The retailers research showed that 56 per cent of motorists feel safer when using a dash cam. ...
John Lewis takes £36m hit for minimum wage error image
Source : BBC [Read Article] Tuesday 9th of May 2017 02:23:30 PM
.... . The retailer said the issue related to the use of pay averaging, which spreads workers' pay evenly over the year. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
....John Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules. The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out monthly pay over the year. ...
B&Q to stop selling plants grown with bee-harming pesticides image
Source : Guardian [Read Article] Monday 8th of May 2017 11:01:45 PM
. All flowering plants sold by B&Q are to be grown without using pesticides that are harmful to bees, the retailer has announced. ...
Coach bags New York rival Kate Spade for $2.4bn image
Source : BBC [Read Article] Monday 8th of May 2017 01:32:13 PM
.... . It expanded quickly and its products stocked by upmarket retailers such as Saks Fifth Avenue and Neiman Marcus. ...
Zero hours workers are 'missing out on paid holidays' image
Source : BBC [Read Article] Monday 8th of May 2017 12:35:20 PM
....Sports Direct came under fire last year for its working conditions, including at its Shirebrook distribution centre. While the retailer announced that people who work in its shops will be moved onto guaranteed hours, those in the distribution centre will remain on zero hours contracts. ...
Furniture shop has gone bust without delivering my Eames-style chair image
.... The market in low-cost knockoffs, typically cheap replicas made in China, has mushroomed and it is these cheap versions that are now banned. Even before this change in the law, we reported on some online retailers which used expensive websites as a front for cheap tat that was rarely delivered on time, if at all. ...
Revealed: Britain's cheapest supermarket prices for your weekly shop image
Source : Daily Express [Read Article] Saturday 6th of May 2017 04:48:00 PM
. The German retailer was found to offer lower prices on 31 out of 33 items than the biggest four supermarkets Tesco, Sainsbury's, Asda and Morrisons, as  tracked  by The Grocer magazine. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
.... But, as we all know, Thelma & Louise ends with the trapped duo driving off a cliff so it’s a powerful metaphor for investors worried about M&S’s ability to dig itself out of a hole. The cavalry arrived last week is the shape of retail veteran Archie Norman, who is to be its new chairman, and rising star Jill McDonald, poached from car parts and bike retailer Halfords, to oversee a clothing business which – despite its long-running problems – clings on to the title of being the UK’s biggest. ...
Marks and Spencer names Archie Norman as new chairman image
Source : BBC [Read Article] Friday 5th of May 2017 06:29:06 AM
....The announcement comes days after M&S hired the boss of Halfords, Jill McDonald, to take charge of its clothing, home and beauty business. Mr Norman, former executive at retailer Kingfisher, stood down as ITV chairman last year. ...
Why has the pound shrugged off Theresa May's EU argy-bargy? | Nils Pratley image
.... But the patience part is important. With honourable exceptions, mostly in the online-only field, retailers are in buckle-down mode. ...
Burberry to relocate 300 jobs from London to Leeds image
Source : BBC [Read Article] Thursday 4th of May 2017 05:04:20 PM
. Fashion retailer Burberry has announced plans to relocate 300 jobs from its London offices to West Yorkshire as part of cost-saving measures. ...
Drone home: Amazon to triple R&D staff at Cambridge base image
Source : Guardian [Read Article] Thursday 4th of May 2017 04:06:16 PM
....Amazon is to more than triple its research and development team in Cambridge working on tech innovations such as its Alexa digital assistant, delivery drones and Echo smart speaker. The US online retailer is opening a new building in the city with room for 400 experts in mathematical modelling, speech science, machine learning and “knowledge engineering”. ...
Bye bye paper fivers: shops to stop accepting old £5 notes image
Source : Guardian [Read Article] Thursday 4th of May 2017 03:36:21 PM
....Technically you have only a few hours left. On 5 May they lose their legal tender status, and after that retailers and the public no longer have to accept them as payment or in change. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
. Fashion chain Next has delivered another gloomy profit and sales forecast, highlighting tough trading conditions for UK retailers as rising inflation pushes up prices and consumer spending weakens. ...
Morrisons sales jump as recovery continues image
Source : BBC [Read Article] Thursday 4th of May 2017 07:51:41 AM
....The pound fell sharply following the Brexit vote last summer. The drop has forced retailers to choose between raising prices or seeing their profits squeezed. ...
Next shares fall as it cuts profit outlook image
Source : BBC [Read Article] Thursday 4th of May 2017 07:06:19 AM
....Fashion chain Next's shares have dropped 5% with investors disappointed by its latest trading update. The High Street retailer warned the market "remains challenging" as it reported a 2. ...
Adam Crozier will leave ITV looking a picture of health image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:50:32 PM
.... But isn’t there also something indecent about the haste with which she’s pedalling out of Halfords?. McDonald became chief executive at the bikes and car parts retailer two years ago and is only halfway through a three-year strategic plan. ...
Asos dumps controversial temp agency as Sports Direct row continues image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:17:22 PM
....”. The employment agency has experienced a torrid 16 months since the publication of a Guardian investigation into working conditions at Sports Direct, which resulted in a deal where the retailer, Transline and a second agency, the Best Connection, agreed to make about £1m available in back pay to affected workers. ...
Sainsbury's weighs up franchise deals to boost Local network image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:08:00 PM
. Sainsbury’s is considering expanding its convenience store chain by offering franchise deals to independent retailers as it struggles to find suitable new sites. ...
Petrol price CUT on the way? Strong pound and fall in costs means fuel price 'MUST drop' image
....Morrisons has today announced the cost of diesel will fall by 2p a litre and unleaded by 1p a litre. But the cut is not enough and more retailers should be acting to reduce prices, said the RAC. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....The chief executive, Mike Coupe, said the past year had been “one of the most interesting and challenging and volatile years in my working lifetime”. After more than two years of deflation, food and fuel prices are starting to rise, driven by the devaluation of sterling and commodity price increases, and benefiting food retailers. ...
Marks and Spencer hires Halfords boss Jill McDonald image
Source : BBC [Read Article] Wednesday 3rd of May 2017 08:30:15 AM
. Marks and Spencer has hired the boss of bikes and car parts retailer Halfords, Jill McDonald, to take charge of clothing, home and beauty. ...
Lidl on course to surpass Waitrose and enter UK supermarket top seven image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 08:24:46 AM
.... McKevitt said the discounters would seek to cash in on shoppers’ concerns about rising prices and economic difficulties, but the major supermarkets would be fighting back. “All 10 major retailers are in growth for the first time in three-and-a-half years, when we last saw like-for-like grocery inflation as high as it is now,” he said. ...

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