Newspaper retail round up
A roundup of retail stories from the newspapers… Sainsbury’s, Tesco, Asda and Topshop
Retail sales growth at six-year high
High street sales for September are the best since May 2004 as shoppers defy the gloomy economic outlook.
Alcohol minimum pricing measures would bring retailers £700m
The big supermarkets are all set to profit from a massive windfall should minimum pricing for alcohol be introduced in the UK.
From The Guardian
PZ Cussons slaps on St Tropez fake tan
Consumer healthcare manufacturer PZ Cussons has added self-tanning brand St Tropez to its portfolio, acquiring it for £62.5m
Blockbuster files for bankruptcy
The US film and games rental chain filed for bankruptcy last week after steadily losing money and missing two interest payments in July
From The Financial Times
Sainsbury’s eyes tilt at China
Sainsbury’s looks likely to capitalise on the Chinese grocery market after sending a senior level team to Asia to assess the move
Waitrose sales boosted by hungry students
The supermarket attributes a strong weekly sales performance to students as they stock up on ready meals ahead of the new university term
From The Independent
Top Shop to open second US store
The British clothing brand much-loved by Americans is to open its second US shop in Chicago and hopes to open further stores in Los Angeles and Las Vegas
Tesco and Asda bags ’flimsiest on the high street’
Plastic bags from Tesco and Asda are the most likely to split and spill your shopping according to research by the BBC’s Watchdog consumer programme
From The Telegraph
