Newspaper retail round up

A roundup of retail stories from the past week… Asda, Tesco, New Look, Ocado, Blacks, Greggs, SuperDry

Asda and Tesco hiked prices before Christmas

Asda and Tesco raised the prices on thousands of products in the run up to Christmas but at the same time both supermarkets announced millions of pounds worth of price cuts.

From The Guardian

Retails win battle over “excessive” music charges

Retailers are due for a refund of up to £20m after the High Court upheld a previous ruling that shopkeepers, publicans and restaurateurs are forced to pay too much to play recorded music.

The Sunday Telegraph

New Look shelves IPO

Fashion chain New Look scrapped its plan to float on the stock market 10 days after announcing its £1.7bn initial public offering (IPO), citing the lack of appetite of potential investors.

From The Independent

Ocado floatation scuppered by Waitrose plans

Online grocer Ocado’s plans to float on the stock market were in doubt this weekend after it emerged that Waitrose plans to launch a competing operation in central London in two years.

From The Mail

Greggs reveals new-look stores

Greggs, the bakers, is opening new stores with an updated image including wood fittings and soft lighting, to take on the coffee chains and sandwich stores.

SuperDry owner mulls float

SuperGroup, the company owns the urban fashion brand SuperDry, Cult Clothing and 77Breed is preparing to float on the stock market.

Blacks sells off Mambo

Blacks Leisure has sold its Mambo surf brand to Andrew Gerrie, chief executive of Lush Cosmetics.

US retail sales up

US retail sales rose by 0.5 per cent in January as shoppers concentrated spend in big general retailers such as WalMart, sports stores, internet retailers, restaurants and bars.

From The Times

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