Year: 2019

Philip Green reportedly preparing to break up Arcadia

Arcadia boss Philip Green is preparing to break up the retail group prepare for a potential sale of the brands, according to a report from The Sunday Times. The reports states that Green has begun “laying the groundwork to split and sell parts” of the company over a “period of…

Read More »

UK consumer confidence decreases three points in August

GfK’s long-running Consumer Confidence Index decreased by three points to -14 in August. The measure for the general economic situation of the country during the last 12 months decreased by two points in August month to -34, eight points lower compared with the same period last year, and expectations for…

Read More »

Looking beyond a loyalty card

Conventional loyalty schemes can work, there’s no doubt about that. Among consumers using loyalty programmes, almost half (47%) spend more with a brand whose scheme they are a member of (YouGov). But shoppers have long since become savvy about the true value of loyalty schemes for them.  According to TCC…

Read More »

Shoe Zone CEO quits amid profit warning

The chief executive of value footwear retailer Shoe Zone, Nick Davies, has resigned from his position with immediate effect, on the same day the company issued a warning that profits will be below expectations. The company revealed that trading conditions since the group’s interim results on 21 May 2019 “have…

Read More »

M&S at risk of falling out of FTSE 100

Marks and Spencer could fall out of the FTSE 100 unless it is able to increase its share prices by next Wednesday (4 September), according to a report by The Telegraph. It comes after Marks and Spencer reported a fall in both sales and profits in May, with the latter…

Read More »

Retailers urged to do more to prevent sales of knives to under 18s

Trading Standards is urging retailers to do more to prevent the sale of knives to children, after 15% of its test saw under 18s sold knives last year.  Of 2231 tests, carried out in England and Wales between 1 April 2018 and 31 March 2019, retailers failed to prevent the…

Read More »

Capitalising on click and collect

Many consumers are turning to click and collect for their online purchases rather than opting for home delivery. In fact, this is a growing market as shoppers recognise the convenience of picking up their goods when it suits them. For example, retailers such as Boots and Next reported that 75%…

Read More »

McColl’s Q3 sales fall 3.6% amid poor weather and Brexit uncertainty

Convenience retailer McColl’s has reported a 3.6% drop in revenue during the third quarter of the year, attributed to the “challenging retail trading environment” and “poorer weather across the summer”. During the 13 week period ending 25 August 2019, McColl’s revealed like-for-like (LFL) sales were also down 2.2%. This means…

Read More »

Forever 21 reportedly contemplates filing for bankruptcy

American fast fashion retail chain Forever 21 is reportedly preparing for a potential bankruptcy filing, after restructuring and debt restructure talks stalled. The retailer wants to secure a potential debtor-in-possession loan to take the company into Chapter 11 bankruptcy, according to Bloomberg. A source told the publication, a bankruptcy filing…

Read More »

Tesco workers to consult EU court over equal pay

Thousands of Tesco supermarket workers have submitted an application to the European Court of Justice for clarification on equal pay legislation. Law firm Leigh Day is representing store workers at the supermarket chain, who are demanding equal pay with workers in its distribution centres. The legal clarification will also seek…

Read More »