Year: 2019
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Jul- 2019 -1 JulyHigh Street
Bonmarché shareholder slams company as it sells stake to Day
Investment company Cavendish Asset Management has sold its 10.8% stake in fashion retail Bonmarché to Spectre Holdings, a company owned by retail tycoon Philip Day. The £600,000 deal has now increased the businessman’s stake, increasing his chances of a takeover. The news comes after Day closed his £5.7m bid to…
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Jun- 2019 -28 JuneClothing & Shoes
Philip Day closes Bonmarché offer
Edinburgh Wooden Mill owner Philip Day has set a deadline on his £5.7m offer for Bonmarché after officially closing his offer following poor trading at the business. Day’s firm Spectre Holdings said it is closing its offer to buy the remaining shares at 11.45p, because the future of the business…
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28 JuneAdvice
Why leveraging fraud prevention data can enhance your customer experience
Ecommerce professionals are constantly measuring success by focusing intently on click-throughs, conversions and sales. They pay close attention to the cost of acquiring customers and the value those customers bring to the business. Sometimes it seems the entire retail game is about turning browsers into buyers. And that makes sense.…
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28 JuneEconomy
UK consumer confidence slips in June
Market research company GfK’s long-running Consumer Confidence Index has showed that confidence among consumers in the UK has decreased by three points to -13 in June. The measure for the general economic situation of the country during the last 12 months decreased month to -32 during the month, four points…
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28 JuneHealth & Beauty
Boots sees sales decline in Q3
Retail sales at Boots UK declined 2.6% in its Q3 results ending 31 May 2019 while pharmacy sales increased 0.8%. The health and beauty chain’s sales had an impact on its parent company Walgreens Boots Alliance’s overall performance, as it saw sales of $2.8bn (£2.2bn) – a decrease of 7.3%…
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28 JuneHigh Street
French Connection delays company sale
Fashion retailer French Connection is set to delay completion of its sale to September, to coincide with the company’s interim earnings report. Talks will still be ongoing with interested parties in the meantime. The statement from the company released today (28 June) said: “Discussions have progressed since then and are…
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27 JunePeople Moves
Kingfisher appoints former Carrefour boss as new CEO
DIY retailer retailer Kingfisher, which owns B&Q, has appointed Thierry Garnier as its new chief executive officer. Garnier will be appointed to the board as an executive director and will take over from Véronique Laury as CEO. He will be based at Kingfisher’s headquarters in London and will join Kingfisher…
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27 June
Using packaging to fight back and drive sales
According to the latest British Retail Consortium figures, May 2019 saw the UK high streets biggest decline since the mid-1990s with overall retail sales falling by 2.7%. This was also reflected online where sales grew by the weakest amount ever recorded. There is no question that retail conditions are extremely…
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27 JuneDIY
Wyevale sells Podington store to Cherry Lane
Wyevale Garden Centres has announced its Podington Garden Centre has been sold to Cherry Lane Garden Centre. The sale is expected to complete by the middle of August, with Wyevale continuing to operate the centre until this date. Cherry Lane also acquired its Barnett Hill Garden Centre in March 2019.…
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27 JuneSupermarkets
Staff at Sainsbury’s Waltham Point warehouse go on strike
Up to a third of workers at Sainsbury’s largest depot have gone on a 24 hour strike against the company’s decision to change its absence policy. The action was approved last month by members of the Union of Shop, Distributive and Allied Workers (Usdaw), and will run until 6am tomorrow…
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