Tuesday, October 22, 2019

Meet the Morrises: the UK retail billionaires who shun the limelight

It is one the biggest things to come out of Liverpool since the Beatles. The Home Bargains discount empire has turned its founders...

Fashion chain Bonmarché calls in administrators

The fashion chain Bonmarché has called in administrators, putting nearly 3,000 jobs at risk. The Wakefield-based retailer, which sells fashion for women over 50...

Scottish department store Watt Brothers goes into administration

The Scottish department store group Watt Brothers has collapsed into administration with the immediate loss of nearly 230 jobs and about 80 more...

Should supermarkets stop selling fireworks?

Sainsbury’s has become the first major supermarket to announce a ban on the sale of fireworks across all of its 2,300 stores.The company...

Woolworths trialling 20c paper bags following ban on free plastic bags

Woolworths has begun a trial of paper bags in select stores, a move environment groups say is preferable to the use of plastic...

Scariest thing about Halloween is plastic waste, say charities

An estimated 2,000 tonnes of plastic waste – equivalent to 83m bottles – will be generated from throwaway Halloween clothing sold by leading...

WHSmith’s $400m deal is half the incredible story

If the story of Britain’s high street is one of inexorable decline, then the paperback will be on sale at WHSmith. Possibly on...

UK shoppers shun big ticket items as Brexit uncertainty bites

Retail sales failed to bounce back last month from a drop in August as Brexit uncertainty deterred shoppers from splashing out on big...

UK retail sales flat in September

UK retail sales stagnated in September after falling the previous month, adding to concerns about the resilience of consumer spending.Official data showed the...

WHSmith to expand in US with $400m deal for Marshall Retail

WHSmith plans to double its international travel business and strengthen its presence in the lucrative US airport shopping market with a deal to...

After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley

What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision to throw in the towel? Surely this is an ideal...

Owner of Jessops store leases files for administration

The company that holds the store leases of camera retailer Jessops has filed for administration in a bid to restructure its obligations and...

Lights, camera, no action: why we shouldn’t mourn the death of the camcorder

Sad news for amateur film-makers; according to John Lewis, camcorders are a practically a “non-existent” market, with sales down 33% this year. If...

Asos profits plunge 70% after tumultuous year of IT chaos

Profits at the online fashion retailer Asos plunged nearly 70% in a tumultuous year in which the former stock market darling grappled with...

John Lewis says small screen having big effect on sales

The sofa has become the new fashion front row, with cult television shows such as Peaky Blinders, Fleabag and Stranger Things heavily influencing...

Bankers miss out on $35m payday as Latitude Financial’s $3.2bn IPO collapses

One of the year’s most-hyped share market floats, the $3.2bn Latitude Financial IPO, has failed after superannuation funds led by the nation’s biggest,...

Home Bargains delivers bigger profit than Harrods

Home Bargains’ sales exceeded £2.5bn for the first time as the rapidly expanding discounter opened another 26 stores and reiterated its target of...

Telegraph drops WH Smith water promo as pre-tax profits fall 94%

The Daily Telegraph has stopped giving away bottles of water with copies of its newspaper at branches of WH Smith, as the company...

CBI is wrong to see cost as big issue in Labour's nationalisation plans |...

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which...

Sports Direct demands inquiry into Nike-Adidas dominance

Sports Direct, led by leisurewear tycoon Mike Ashley, has called for a Europe-wide investigation into the dominance of Nike and Adidas in the...

Number of shoppers on UK high street falls by 10% in seven years

The number of shoppers heading to UK high streets, retail parks and shopping centres has fallen by 10% in the last seven years,...

Three UK retailers seek to buck the Brexit gloom

UK shoppers are holding back on spending after dire warnings about the impact of a no-deal Brexit. The value of UK retail sales...

HMV launches huge entertainment store in Birmingham

HMV is aiming to bounce back from a series of closures earlier this year by opening Europe’s largest entertainment store in Birmingham...

HMV to open Europe's biggest entertainment store in Birmingham

The biggest music and movies store in Europe opens on Friday as the new Canadian owner of HMV takes the first step in...

HMV to return to profit this year and open new stores

Music shop chain HMV said it will return to profit this year and aims to open new stores in 2020, having been rescued...

Dunkerton says has ‘saved Christmas’ at Superdry

Superdry founder Julian Dunkerton has proclaimed he has done enough to steer the clothing brand through the crucial Christmas shopping season after winning...

UK retailing: cannibal vector

Like shipwrecked sailors, large businesses can be tempted into cannibalism. There are moral objections to casseroling the cabin boy. The financial argument against...

Workers exploited at farms supplying UK supermarkets: report

Poor pay and punitive working conditions are common on farms and plantations that supply fresh fruit or tea to major UK supermarkets including...

We shouldn't be too sceptical about rescue of Thomas Cook shops

The package holiday market is dead and nobody under 40 goes to a travel agent, declared Michael O’Leary after the failure of Thomas...

Links of London jewellery chain goes into administration

Jewellery chain Links of London has collapsed into administration, putting up to 350 jobs at risk, in a new blow to the high...