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Category: Retail News

Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies

Jim Cramer revealed why cryptocurrency could be key for Goldman Sachs.

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Cramer: The Amazon Prime rate bump is a clarion call to buy the stock

Jim Cramer explained why buying shares of Amazon when it raises subscription rates is a winning strategy.






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Stefanel appoints new CEO

Italian fashion retailer Stefanel has appointed Christiano Portas as its new chief executive, replacing Stefano Visalli was appointed interim boss last December. The news comes as British asset management firm Attestor Capital took out a 71 per cent stake in the business before Christmas. READ MORE: Stefanel eyes UK expansion via franchises Portas, a graduate in economics and business, led swimwear label Arena from 1999 to 2016






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Dixons Carphone expected to post slowing Christmas sales

Technology retailer Dixons Carphone is expected to report slowing sales amid its Christmas trading report next week. Analysts have predicted that sales for the 10 weeks to January 6 will drop to two per cent growth. This is one per cent less than the previous quarter, and less than half of the sales growth seen in the same period a year prior.






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Intu Watford expansion achieves key milestone

The expansion scheme at Intu Watford shopping centre reached a milestone recently when a ceremonial piece of concrete was laid on the roof of the extension at the topping out ceremony. The ceremony is regarded as a builders’ tradition to mark a development’s highest point being reached. Representatives from Intu and contractor Laing O’Rourke gathered to mark the progress of the shopping centre extension, which costs £180 million and will expand Intu Watford’s retail and leisure offer by 400,000sq ft






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Proportion of online shopping spend increases to 80%

The proportion of money being spent online has increased year-on-year, as shoppers tighten their belts and search the web for the best prices. According to a survey commissioned by Royal Mail, 54 per cent and 53 per cent of respondents said choice and price comparison respectively were the key reasons they go online instead  of in-store.






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Alarming drop in retail sales volumes in December

Retail sales throughout the Christmas period saw the worst performance since 2010, coming dramatically below economists’ already cautious forecasts. The latest figures from the Office for National Statistics (ONS) have revealed a worrying picture of the high street, with retail sales volumes falling 1.5 per cent month-on-month over one of the most vital periods for the industry. Analysts had predicted a 0.6 per cent sales decline.






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Bonmarché shares pummelled after Christmas sales slump

Shares in Bonmarché have taken a beating after the value womenswear retailer reported a slump in Christmas sales amid what it called a “challenging” clothing market. During its quarterly update for the 13 week period ending December 30, in-store like-for-like sales took a sharp decline of 9.7 per cent while total sales dropped 5.5 per cent. Shares in the retailer dropped by 21 per cent following the the trading update






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Retail Gazette Loves: Cash Converters’ return of lost £30,000 violin

Last year professional violinist Morven Bryce was on tour with Jon Borden, the award winning folk artist, when she realised one day her violin was missing from the tour bus.






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Cramer: I’m fine with Amazon raising monthly Prime prices because it’s still cheap

The Amazon Prime price rise is a small price to pay to use a service that is adored worldwide, CNBC's Jim Cramer says.






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