Sir Philip Green’s most public and staunch critic Frank Field has questioned his attempts to cover up a report exposing his business dealings prior to the downfall of BHS. Last week it was revealed that Green’s company Taveta had attempted to secure an injunction preventing the findings of an investigation into BHS’s finances prior to its collapse form being published.
There are 42 million retail workers in the U.S. and it's time to showcase how retailer fosters growth in the workforce, writes RILA's Evan Armstrong.
Amazon has cracked down on tens of thousands of products from overseas sellers who don’t charge or account for VAT. According to The Times , the online retailer banned thousands of overseas sellers from its platform over the weekend which were thought to be guilty of tax evasion, following a voluntary deal with HMRC. In the last year an estimated £1.5 billion has been lost in unpaid VAT tax from online sellers, according to the National Audit Office.
China’s largest retailer JD.com has launched a $550 million (£414 million) partnership with Google which will see the former sell products through Google Shipping across the world. Under the new partnership the pair will pool their monumental technological resources to develop the “next generation” of retail solutions
New Look is set to slow down its ambitious Chinese expansion scheme as it continues to undergo a CVA process in the UK. According to the Press Association, the fashion retailer is reportedly reviewing its operations in China and executive chairman Alistair McGeorge wants to row back on expansion plans implemented under former chief executive Anders Kristiansen.
John Lewis has commenced a trial for a buy-back service that allows customers to sell unwanted clothes regardless of condition back to the department store to help reduce landfill waste. More than 100 customers are currently trying out the scheme, which aims to cut UK landfill waste by about 300,000 tonnes each year. READ MORE: John Lewis & Waitrose to anchor £1.4bn Westfield Croydon John Lewis signs up for £1.4bn Brent Cross expansion John Lewis reveals “better jobs” supplier trial Using an app, customers can select the products they want to sell and are immediately shown the amount they can receive for them
Administrators for the parent company of Jacques Vert and Dash has earmarked 102 concessions for closure as part of the retailer’s wind-down and restructuring process. Calvetron Brands, which also operates womenswear retailers Precis and Eastex, first appointed Duff & Phelps when it fell into administration in May. Joint administrators Benjamin Wiles, Trevor Birch and Philip Duffy have now announced they are serving notice on 102 Jacques Vert and Precis concessions in the UK and Republic of Ireland
The chairman of Tesco has made a pledge to make its board of directors more ethnically diverse. The Big 4 retailer currently has 14-member board of directors and 12-member executive committee – both of which made up of all-white members.