UK Retail News

THIS WEEKS LATEST RETAIL NEWS!

Sourced from Retail News

Game sets Friday deadline for overseas business first round bids

Game has set a Friday deadline for first round bids for its overseas business.

Textiles tycoon in surprise Peacocks bid

Textiles tycoon Fiyaz has teamed up with Danish investment fund Solstra Capital. The pair are expected to submit a second round bid for the retailer, which are due in today.

MyDeco chief executive resigns

MyDeco chief executive Nicole Vanderbilt is to step down to be replaced by the interiors etailer’s ecommerce director.

Government launches Portas pilot to revive high street

The Government has today launched a £1m competition to help turn-around failing high streets on the back of the Portas Review.

THIS WEEKS LATEST RETAIL NEWS!

Sourced from Retail Week

Shop Direct chief executive Newton-Jones to exit

Shop Direct chief executive Mark Newton-Jones is to leave the home shopping giant.

Walker lines up £150m as Iceland deadline nears

Iceland founder Malcolm Walker has arranged £150m of backing from a Canadian pension fund to enable a bid for the frozen foods chain.

LVMH mulls bid for Goldsmiths owner Aurum

Luxury goods group LVMH’s private equity firm is mulling a bid for jewellery group Aurum, which operates Goldsmiths, Mappin & Webb and Watches of Switzerland.

Garden Centre Group in exclusivity talks with Terra Firma

Garden Centre Group is to enter exclusivity talks with private equity firm Terra Firma, it is understood.

THIS WEEKS LATEST RETAIL NEWS!

Sourced from Retail Week

HMV granted breathing space by banks

UPDATED: Struggling entertainment retailer HMV has revealed its banks have relaxed its terms and given it more headroom in a move that will have a “materially positive impact on the Group’s profitability and cash flow”.

Video: Oxford Street shops flooded as water mains burst

Shops including Primark, Next and Ann Summers have been flooded on London’s Oxford Street after aging water mains burst.

Clearance drives strong John Lewis sales

Sales at John Lewis soared last week as its Clearance Sale drove strong online custom.

THIS WEEKS LATEST RETAIL NEWS!

Sourced from Retail Week

Hallmark plays international card

Greetings card retailer Hallmark has laid out plans for international expansion as it launches a business review under new chief executive Steve Wright.

Ziff buys bulk of Barratts stores

Owner of Barratts Priceless Group Michael Ziff has struck a deal with administrators to buy the bulk of its stores.

SuperGroup sets trend to cut prices but not quality

Other retailers poised to follow SuperGroup’s ‘sensible’ lead with lower prices.

Boots sales rise more than 3% in December

Health and beauty retailer Boots’ underlying sales, including VAT, increased more than 3% during December. The performance was an improvement on that in the six months to the end of September, when sales fell into negative territory.

THIS WEEKS LATEST RETAIL NEWS!

Sourced from Retail Week

JD Sports frontrunner to buy Blacks

JD Sports is understood to be the frontrunner to buy struggling outdoors retailer Blacks with the deal likely to go-ahead on Monday.

Blacks to be put into administration

Outdoor gear specialist Blacks Leisure is to be put into administration ahead of the sale of its assets.

Tesco non-food boss Per Bank to leave

Tesco UK non-food commercial director Per Bank is to leave the top grocer to become chief executive of Scandinavian food retailer Dansk Supermarked.

Blue Inc buys 20 D2 stores

Young fashion menswear retailer Blue Inc has bought 20 D2 stores out of administration saving in the region of 200 jobs on the high street.