Dunnhumby founders and Tesco share dividend
Dunnhumby, the data firm that founded the Tesco Clubcard scheme, is to share a £17m dividend between the husband and wife team that founded the business and Tesco.
Disposable income falls 4%
Disposable income will fall to the lowest rate in two years in the approach to Christmas, according to a report commissioned by Asda. Households’ average finances, after taxes and essential bills and food have been deducted, will be 4% less than last year.
Ocado to expand into northern England
Ocado, the online retailer, is set to agree a deal to build a £200m distribution centre, which will allow it to expand across central and northern England.
Confetti goes into administration
Wedding retail business Confetti has collapsed into administration and closed its five retail stores. It’s online operation remains active and the business is urgently seeking buyers.
From The Telegraph
Upturn in US sales
US retail sales were up 0.4% in July, reversing a downward trend, according to the US Commerce Department. The figures were boosted by strong sales of cars and motor fuel.
From The Independent
International performance boosts Walmart
Walmart, the world’s largest retailer, said that although its second quarter sales dropped, it reported strong earnings in international markets including China, Mexico and Brazil.
From The Financial Times
H&M reports sharp sales rise in July
Hennes & Mauritz, the Swedish fashion chain has reported a sharp rise in sales during July. Like for like sales were up 10% while total sales, including new stores, increased 21%.
From The Times