Major retailers ‘may be breaking data protection rules’ with e-receipt marketing December 11, 2018 Several major retailers may be breaking laws around data protection by sending unsolicited marketing to customers in e-receipts, according to consumer body Which. An investigation found several major high street retailers sent customers promotional marketing of other products within e-receipts. The unwanted adverts suggest the retailers may be in contravention of data protection laws brought in [...]
Black Friday draws in biggest ever week of sales for John Lewis November 27, 2018 John Lewis Partnership said today that it has seen its biggest ever week of sales as shoppers flooded the beleaguered retailer’s stores for Black Friday discounts. Total sales for the week jumped 7.7 per cent when compared with the same week last year, as purchases hit a record in the firm’s 150-year-old history. Fashion and home [...]
Black Friday fatigue hinders much-needed boost for Britain’s retailers as year-on-year footfall drops November 25, 2018 Black Friday footfall dipped this year while e-commerce sales soared, in a stark reminder of the perils facing high street retailers under threat from online rivals as the Christmas season approaches. Retailers continued to roll out discounts to the public over the course of the weekend but the latest figures show that footfall this afternoon [...]
Mothercare shares fall as it puts the media in the firing line after losses widen in insolvency battle November 22, 2018 Losses have mounted at embattled childcare retailer Mothercare, which blamed it on critical press coverage of its financial woes as the company undergoes a restructuring process. Group managing director David Wood, who acted as interim chief executive earlier this year, stepped down from his position yesterday. Its share price fell more than 10 per cent as markets [...]
Kleinman: Beat Barxit? Jes he can – for now November 16, 2018 Come again? The fawning of business leaders who dialled into a conference call with the chancellor and business secretary after Theresa May’s Brexit deal announcement on Tuesday was stunning in its obsequiousness. Particularly odd was Sir Gerry Grimstone who – sitting alongside fellow Barclays board members John McFarlane and Sir Ian Cheshire – took it [...]
Mothercare axes 200 head office roles to hit savings target October 31, 2018 Mothercare has axed 200 head office roles as the struggling business aims to meet a £19m cost-savings target. Net job losses will total 150, with 50 new roles being created as part of the restructuring process. Staff were informed of the cost-cutting proposals, which were first reported by Sky News, this morning. The Watford-based parent and [...]
Online-only retailers outpace their bricks and mortar rivals as fresh evidence of high street troubles emerge September 26, 2018 Online-only retailers’ sales have grown 24 times faster than those of bricks and mortar firms in the last five years, according to new data which underlines the current woes facing high street shops. A report out today from data specialist GBG Loqate shows that pure-play online retailers have grown their sales by 281 per [...]
Out with the old, in with the new UK high street September 26, 2018 A tale of two retailers dominated the high street yesterday – Next’s shares jumped nearly eight per cent after the fashion giant lifted its full-year profit guidance while Card Factory’s shares lost a tenth of their value after profits were off-message. Read more: Next nudges up profit guidance after blistering summer The diverging fortunes [...]
Mothercare share prise rises as retailer hails first underlying UK sales growth in five years May 21, 2015 Shares in Mothercare rose 4.6 per cent yesterday as turnaround efforts under chief executive Mark Newton-Jones continued to pay off, with the retailer reporting its first full-year sales growth in five years. The child and baby products chain has had a tumultous year, in which it had to fend off a takeover offer from a [...]
Mothercare’s share price soars as group losses narrow under Mark Newton-Jones turnaround plan May 21, 2015 Mothercare's share price soared more than six per cent this morning as the turnaround under chief executive Mark Newton-Jones takes shape, with group losses narrowing by nearly a third. The figures Underlying pre-tax profits at the childcare retailer soared 37 per cent to £13m for the 52 weeks to March 28. After exceptional items [...]
