Thursday, August 15, 2019

Inverted curve proves White House has won its battle with the Fed

WeWork, the loss-making US office rental company, is planning a stock market launch next month to fund its global expansion. All the signs...

In praise of delivery drivers – those unsung, everyday heroes

Delivery drivers get a bad rap. OK, yes, they leave packages in the strangest places: in bins, under parked cars, with “neighbours” who...

Sports Direct faces race against time as auditor Grant Thornton quits

Sports Direct has less than a month to find a new auditor after Grant Thornton told the embattled retailer that it intends to...

Poundland to sell products priced between 50p and £5

The signs over its shops promise “everything’s £1” but Poundland is breaking with its past with a range of prices stretching from 50p...

UK now a long way from no-deal 'gridlock and chaos' says Next boss

The UK can avoid gridlock and chaos in the case of a no-deal Brexit because Boris Johnson’s government has stepped up preparations, according...

How a no-deal Brexit threatens your weekly food shop

Walk into any British supermarket and you will be surrounded by European products, from Italian cheeses to French wines. Around 30% of all...

UK retailers demand business rate cuts to save high street stores

More than 50 major UK retailers, including Marks & Spencer, Harrods and Iceland, have demanded tax cuts from the government to safeguard the...

Retailers push for overhaul of business rates system

More than 50 British retailers, including some of the biggest names in the industry, on Tuesday urged the government to “fix the broken...

Cauliflowers dwindle in UK as extreme weather takes its toll

Britain is in the grip of a cauliflower crisis, with supermarket shelves emptying after heavy rain destroyed this year’s crop in Lincolnshire, while...

Dr Martens’ vegan range drives 70% profits rise

Dr Martens’ profits soared by 70% in the year to the end of March, thanks to the success of its new “vegan”...

Dr Martens' profits up 70% with success of new 'vegan' range

Profits at Dr Martens surged by 70% in the year to the end of March, boosted by the success of designs such as...

More than half of people aged 65 and over now shop online – ONS

The online shopping revolution has officially become mainstream among the once tech-resistant generation aged 65 and over, with more than half now saying...

Michael Murray says it will take years to transform Sports Direct

Mike Ashley’s future son-in-law, who has been tasked with sprucing up Sports Direct’s leisurewear emporia, says it will take four years to transform...

UK consumers switch to online streaming en masse

Sales of DVDs, CDs and video games plunged by almost a fifth in the three months to the end of June, as consumers...

Britons have spent £4bn stockpiling goods in case of no-deal Brexit

Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit, new research suggests. One in five people are already hoarding food,...

In the retail crisis, the shutters are coming down even in New York

There is a lot to do in Manhattan – but shopping? Maybe not so much these days. Once one of the hottest markets...

Short sellers target bonds to profit from UK retail crisis

Investment banks and hedge funds including New York-based Och-Ziff are betting on the downfall of UK shopping centres, turning their attention to corporate...

Victoria's Secret billionaire says Jeffrey Epstein stole $46m of his money – report

The billionaire behind the Victoria’s Secret lingerie chain has said that financierand accused child abuser Jeffrey Epstein “misappropriated” more than $46m of his...

Makeup for children isn’t harmful – but the assumptions adults make about it can...

John Lewis and Mac Cosmetics have come under fire for advertising a “back to school” makeup masterclass on Facebook, in which school-age pupils...

Sirius shareholders left hoping all the digging won't be down to them | Nils...

What a useful phrase, “current market conditions”. It can be deployed in almost any situation with no need to join the dots between,...

Sweden's Klarna becomes biggest fintech firm in Europe

Klarna, the Swedish payments company with a “shop now, pay later” model, has become the largest private fintech firm in Europe after a...

Boohoo web deal leaves rivals stuck in the middle

Some fashion retailers are known for bold colours; others for neutral classics. Some specialise in cheap casualwear; others in formal tailoring. Some sell...

John Lewis and Mac Cosmetics cancel 'back to school' makeup class

John Lewis and Mac Cosmetics have cancelled a “back to school” makeup masterclass after criticism from parents. The event had been advertised on Facebook...

Marketing boss quits Victoria's Secret after first trans model hired

Ed Razek, the chief marketing officer at Victoria’s Secret, who last year claimed “transsexual” models should not be cast “because the show is...

Barneys New York files for bankruptcy

Barneys New York, the US luxury department store chain made famous by Sex and the City, has filed for bankruptcy and put itself...

Karen Millen stores in doubt as Boohoo buys online arm

Online fashion retailer Boohoo.com has announced plans to buy the ecommerce arm of Karen Millen, raising questions over the fate of the premium-priced...

Boohoo move for Karen Millen and Coast puts 1,100 jobs at risk

The online retailer Boohoo has made an offer to buy the digital businesses and brands of Karen Millen and Coast, in a move...

Why did John Lewis delay my £6,500 curtain order?

We ordered curtains and tracks from John Lewis (£6,550 including fitting) in April last year after moving into a new house, but the...

Worst July for retail sales since records began

Last month was an awful one for British retailers as they endured their worst July since records began.Total sales increased by...