Next chairman of Sainsbury’s tipped
Former finance director of GUS David Tyler is expected to be formerly announced as the next chairman of J Sainsbury. He will take over from Sir Philip Hampton.
Disney to sponsor London’s Christmas lights
Walt Disney has signed a deal with City of London, Oxford Street and Regent Street to provide the Christmas lights across central London streets this year. The lights will take Disney’s remake of A Christmas Carol as their theme.
From The Sunday Telegraph
George at Asda targets Asians
George at Asda launched an Asian clothing range this week with a 13-piece collection. Prices start at £7 with a suit at £26.
From The Telegraph
Next founder invests in new fashion chain
George Davies, the founder of Next and George at Asda, has invested £20 million into the new retail fashion venture Give. The chain, scheduled to open 25 stores during the autumn, intends to offer in-store style advisors and tailors.
Farmers say Co-Op flexing market muscle
Farmers are claiming that the Co-Op has begun making tough demands of fresh produce suppliers, including asking for 50% margins and a longer payment window. The Co-Op says that it is not in its long-term interest “to force unreasonable terms” on suppliers.
From The Observer
BRC reports big drop for London retailers
British Retail Consortium reports the first drop in like-for-like retail sales in central London this year. Sales dropped by 5.9% in August and a strengthening pound is one reason being blamed as foreign shoppers no longer find bargains. Retail sales fell 0.1% outside the capital.
From The Independent
JJB and Sports Direct shares fall
Shares in have plummeted at JJB Sports and Sports Direct following the news that the Serious Fraud Office and was investigating allegations of price fixing and fraud. The two companies are already the subject of an inquiry by the Competition Commission over a planned transfer of stores.
From The Guardian
Tesco tops league of unhygienic supermarkets
Tesco is the least hygienic of the British supermarkets, according to a league table of checks by local authorities. In a five-star rating system 5% of the supermarket chain’s stores scored less than three stars. At Asda the figure was 4% and Sainsbury’s 3%. No Morrisons store received less than three stars.
From The Independent