Newspaper retail round up
A round up of retail stories from the past week… Tesco, M&S, Halfords, Blacks, New Look, Boots
Tesco to launch Clubcard iPhone app
Tesco is planning to launch an iPhone app that will work like an electronic Clubcard.
Rose defends Bolland’s £15m
Sir Stuart Rose has defended the £15m pay package agreed for Marks and Spencer’s new chief executive, Mark Bolland,
From The Telegraph
Halfords chief considers HobbyCraft
David Wild, chief executive of Halfords, is considering a bid for HobbyCraft, the privately owned craft retailer.
Americans buying more luxury
American shoppers are defying economic uncertainty and high unemployment levels with renewed spending on luxuries such as jewellery, fashion and cosmetics.
New Look enhances IPO
High street fashion retailer New Look is trying to win over investors have who have spurned the £650m starting price of an initial public offering that would value it at £1.7bn-£1.8bn.
Ocado appoints banks to advice on IPO
Online grocer Ocado is to begin a £1bn initial public offering and has appointed investment banks to advise it on a possible listing.
Blacks looks to raise £20m
Blacks, the outdoor sports retailer, is looking to raise £20m in an open offer and placing to help push plans to open new stores and refurbish existing ones.
From The Financial Times
Boots partners with Mothercare
High street pharmacy chain Boots has signed a deal with Mothercare to sell its children’s clothes and accessories.
Ethel Austin in administration.
Discount clothing chain Ethel Austin and its sister company Au Naturale have fallen into administration after poor trading.
Supermarkets accused of “bullyboy tactics”
Farmer’s union president, Peter Kendall, has accused the major supermarkets of using “bullyboy tactics” to renegotiate contracts and reduce prices.
Adili suspends shares
Shares in ethical fashion retailer Adili have been suspended as its financial position is uncertain.
From The Guardian
