Newspaper retail round up

A round up of retail stories from the national papers… Cadbury, Baugur, Hamleys, US sales, Selfridges,

Cadbury to open café chain

Cadbury plans to open a chain of branded high street cafés serving afternoon tea. Cadbury Cocoa Houses will have a chocolatier service on site offering gifts such as giant Flakes.

Baugur tycoon sued by bank

Icelandic retail tycoon Jon Asgeir Johannesson who headed up the Baugur retail empire is being sued by one of the country’s failed banks over claims that he strong-armed its executives into giving him loans.

Low food price inflation benefits shoppers

Shoppers are benefiting from the lowest food price inflation in three years as retailers fight to attract their custom, according to the British Retail Consortium.

From The Times

Hamleys rolls out stores in India

Hamleys, the UK toy retailer, is taking the first step of a $34m expansion drive into India by opening a store in Mumbai.

US sales rebound

Sales at leading US retail chains continued to bounce back from last year’s slump, boosted by Easter spending and warm weather.

H&M indicates retail recovery

Swedish fashion retailer H&M reported a 45% rise in first quarter profits raising hopes of recovery in the European retail sector.

From the Financial Times

Selfridges opens pop-up Oxfam shop

Selfridges and Oxfam team up to open Oxfam Curiosity shop, a pop-up charity shop, stocking a range of clothes donated by celebrities including Alexa Chung and Elle MacPherson and staffed by celebrities including Annie Lennox and Zoe Ball.

From the Guardian

Comments

    Leave a comment