latest retail news

Retail round up - The Sunday papers

Tax rises drive wine makers out of UK, Sainsbury's suffers sales slowdown, M&S investors pile on the pressure, Monsoon awash with profits, New Look revives float plan, DSG megastore moves to see off Best Buy, Panel issues notice over Blacks move, Matalan family tax exile, Next staff to share bonuses

Blacks Leisure rejects Sport Direct approach

Blacks Leisure has rejected "wholly inadequate" 62p-a-share takeover offer from Sports Direct

Social networking sites need to take more responsibility on user security issues

Responding to reports that Microsoft, Facebook and Twitter seniors are blaming weak passwords for the ongoing security problems of social networking sites, Imperva says that social networking sites need to take more responsibility for steering users in the direction of stronger passwords.

Online retail sector provides more than half a million jobs in UK

More than 600,000 British jobs are either directly in or support e-retail, and the UK now has 150,000 online retail businesses, according to new research.

Export picture brightens for UK manufacturers

Producer price inflation picking up

Tesco store approved for Barnstaple centre

Plans for a Tesco store and petrol station in the centre of Barnstaple have been approved by local councillors.

Marks & Spencer prunes Rose's pay by 25pc

Sir Stuart Rose, the executive chairman of Marks & Spencer, will take a 25pc pay cut when he becomes non-executive chairman of the high street chain following the imminent arrival of Marc Bolland as chief executive The Daily Telegraph reports

Morphy Richards appoints lead creative agency

Small domestic appliance supplier Morphy Richards has appointed Leeds-based Gratterpalm as its lead creative agency following a competitive pitch for just one product.

Waitrose stocks ostrich eggs for Easter

Ostrich eggs — each big enough to make an omelette for 15 people — are to appear in supermarkets in time for Easter The Times reports

Facebook becomes US's most visited site

Facebook became the most visited site within the US, meaning that companies planning to use social media as part of their marketing strategy may have to up their game.

Top 500 brands of 2010 named

The world's most valuable brands have been revealed by Brand Finance, with Walmart maintaining its position at the top of the league, closely followed by Google, Coca-Cola, IBM and Microsoft.

Co-operative Group profits surge

The Co-operative Group has announced record 2009 annual financial results, with sales up 31% and a 38% growth in new customer bank accounts.

Retailers too complacent about their multi-channel models

Retailers have not thought through the long term strategic issues about multi-channel retailing and the integration of their various channels, which is resulting in them missing out on many potential sales as shoppers increasingly expect to shop across-channels. By Glynn Davis

Retail Loss Prevention Forum - How collaboration is the new buzzword

Good customer service is good loss prevention as store managers are out on the floor not only selling, but protecting their stock.

Fat Face fends off competition for Skipton Shop

Casual and outdoor clothing retailer Fat Face beat off competition from two other retailers to open a new 4,000 sq ft shop in Skipton, north Yorkshire.

Ethel Austin and Au Naturale to close a further 81 stores

MCR, the administrators of value clothing retailer Ethel Austin and its sister company Au Naturale, has confirmed that a further 81 stores will cease to trade in the next 3 to 4 weeks. This follows the closure of 124 stores last month.

Survey finds 1 in 4 kids have tried hacking

Despite 78% agreeing that it is wrong, 1 in 4 of UK's children have tried their hand at hacking into others' Facebook accounts mostly by surreptitiously using the victims passwords- that is the stark finding of a survey released today.

Fraudsters shift from financial targets to stealing personal information

Average Financial Loss Per Online ID Fraud Falls By 24 Percent

SRC - Scottish retail's worst February since 1999

Like-for-like sales in February were 1.1% lower than in February 2009, when they had fallen 0.9%. Total sales in February were 1.9% up on a year ago.

Sports Direct purchase of 31 JJB stores is cleared by Competition Commission

Competition Commission says it does not expect the acquisitions to lead to a "substantial lessening" of competition nor any adverse effects for customers.

 
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