Newspaper retail round-up

A roundup of retail stories form the papers this week… Sainsbury’s, Ocado, clothing prices, Iceland, Asda, Gov’t spending

Ocado builds new warehouse

Ocado, the online grocer, has spent £210m on a new distribution centre that could potentially double its storage capacity and drive the growth of the business.

From The Financial Times

Sainsbury’s excess packaging case dropped

A legal case brought against Sainsbury’s by Lincolnshire council over excessive packaging has been dropped.

Iceland boss confirms £1bn buyout offer

Iceland Foods boss Malcolm Walker says his offer to buy out fellow stakeholders in the retail chain is still on the table, despite being rejected. The offer values the chain at £1bn.

Kurt Geiger to expand

Designer shoe retailer Kurt Geiger plans to open 40 more stores in the UK in response to growing sales of luxury high heels.

From The Guardian

Cheap chic era over as prices rise

The price of clothing and footwear have risen for first time since early 1990s, according to The Office for National Statistics raising fears that the era of cheap clothing from the Far East is over.

Asda accused of selling padded bra for children

Asda has been accused of stocking a range of padded bras from children sxix months after it claimed to withdraw the range.

Gov’t spending review may cause retail boom

The owner of the Wickes DIY chain says that the Government spending review later this month could boost the retail market because it will clarify the scale and shape of the public spending cuts after months of uncertainty.

From The Telegraph

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