Sunday News Roundup
5 February 2012 | by The Retail Bulletin
The Mail on Sunday
Supermarket giant Tesco uses another name to sell through online retailer Amazon
Tesco is being forced to bow to the power of Amazon and undercut its own website prices in order to compete in the online marketplace.Under a new policy of disclosure by Amazon, the supermarket giant has been revealed as the ultimate seller of a range of goods – including DVDs and computer games – marketed on Amazon under the trading name of Oakwood Distribution Ltd. Oakwood is a subsidiary of Tesco.
Debenhams trading director Suzanne Harlow issues weather warning
Cashing in on this year’s run of historic events won’t come easy for retailers, one of Britain’s most influential High Street executives has warned. Debenhams trading director Suzanne Harlow, who will unveil the chain’s latest designer range this week, says success before the Diamond Jubilee and the Olympics will depend on careful planning – and the vagaries of the British weather.
Sparkling Nails Inc looks to the Continent and the Middle East after sales boom. Nails Inc, the nail bar and polish brand, is set to cash in on booming demand for manicures by expanding on to the Continent and the Middle East. The company founded by former Tatler journalist Thea Green enjoyed like-for-like sales up 19 per cent in the five weeks to December 31.
David Webster to exit from hotel giant InterContinental
David Webster is to stand down as chairman of InterContinental Hotels Group after eight years. Mr Webster, the co-founder and former chairman of supermarket chain Safeway, is one of the longest standing chairmen in the FTSE100. It is understood he informed the board of his decision to depart just before Christmas.An external search is underway and headhunters have been appointed. The senior independent director, David Kappler, is overseeing the process on behalf of the board. Possible candidates to replace Mr Webster include Sir Stuart Rose, the former chairman of Marks and Spencer, and Allan Leighton, the former Royal Mail chairman.
The Times on Sunday
Dr Martens polishes up for sale
The family that owns Dr Martens is looking to fill its boots with a sale of the British footwear brand loved by punks, skinheads and now trendy children.The business is being lined up for a sale after more than 50 years in the hands of R Griggs Group. The British shoemaker run by Max Griggs, whose father bought the rights to Dr Martens from the German owners after the second world war, is considering cashing in on bumper sales.
Wanted: 12 dying high streets to try the Portas treatment
Mary Portas’s masterplan for the high street is to be put into practice as part of government plans to identify a dozen guinea-pig towns. Amid increasing rancour from retailers, Grant Shapps, the Local Government minister, will today announce a competition for 12 “Portas pilots” that will provide a test-bed for her proposals to save Britain’s ailing high streets.
Benetton bid overtaken by shares rush
The Benetton family will have to increase its bid to take the company private, investors said yesterday. Shares overshot the family’s €4.60-a-share offer in the belief that the chain’s property portfolio was undervalued.
David Beckham joins H&M high-street revolution with underwear collection
The footballer's 'bodywear' range – and a semi-naked video featuring £7.99 pants – was launched this week. Forget Superbowl Sunday. In fashion terms, it has been rechristened Beckham in His Pants Day – the moment when the world gets to see the entire video featuring the 36-year-old footballer stretching and arching an eyebrow as he spins around on a giant turntable to the strains of the Animals' version of Don't Let Me Be Misunderstood.
French Connection issues second profits warning in three months
High-street squeeze hits fashion retailer, which warns it expects £4.7m profit this year after disappointing Christmas tradingThe high street squeeze, which has sent store chains including La Senza and Peacocks into administration in recent weeks, has forced another profits warning from fashion group French Connection. The retailer has issued a second profit warning in three months, after savage discounting and reluctant shoppers depressed Christmas sales.
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