Newspaper retail round up

A round up of retail stories from the past week… DSGi, Kesa, Waitrose, High Street, Ocado, Game, M&S

Republic sold to TPG

Private equity group TPG has bought high street fashion chain Republic from Change Capital Partners in a £300m deal

DSGi to report profit hike

DSG International, the retail group which owns Dixons, Currys and PCWorld, is expected to report full-year profit of between £80m and £90m on Thursday (24 June), up from £50.5m last year.

Kesa set to reveal return to profit

Kesa, the owner of electricals chain Comet, is expected to report full-year profit of £76m, compared with an £81.8m loss last year.

Debenhams bans airbrushing

Department store chain Debenhams has banned the use of airbrushing in its latest advertising camapaign, opting for models with natural beauty.

From Sunday Telegraph

Waitrose deal with Eat off the table

Waitrose has ended talks to buy sandwich chain Eat. The grocer is said to have been in talks with the chain for several months.

Ocado poised to reveal float

Ocado is poised to announce sharply increased sales and profit when it greenlights a plans for a £1bn stock market float later this week.

From The Sunday Times

Retailers plan for VAT rise

High-street retailers have been preparing for the expected rise in VAT ahead of the chancellor’s Emergency Budget yesterday. Retail lobby groups had urged the government to avoid the increase.

From The Observer

Game issues profit warning

Entertainment retailer Game has issued a profit warning after bid hopes diminished ahead of the launch of the Kinect console and new Nintendo 3DS.

From The Guardian

No M&S successor by July

Marks & Spencer is unlikely to name Sir Stuart Rose’s successor before its general meeting in July.

Youth spending continues

Young consumers have continued spending as other age groups have cut back, despite rising youth unemployment.

From The Financial Times

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