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Category: Retail News

Shoppers react to Tesco’s new Jack’s store

Tesco’s new venture Jack’s opened its doors to the public today as staff were greeted with a queue of hundreds of shoppers, some of which arrived at 3am. Following its official unveiling to the press yesterday, Tesco welcomes the public to two of its new Jack’s stores in Chatteris in Cambridgeshire and Immingham in Lincolnshire today. Hundreds of shoppers waited outside the stores ahead of their ribbon cutting ceremony at 10am.

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Cramer says it’s ‘highly unlikely’ tariff costs will all trickle down to consumers

Jim Cramer points to the action in retail stocks as a sign that the economic windfall from the U.S.-China trade spat won't affect U.S. consumers as much as people think.






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Toys R Us nostalgia may not be enough to fuel toy sales this holiday season

Nostalgia over the loss of Toys R Us may have boosted toy sales in the beginning of the year, but it won't be enough heading into the holiday season. 






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Eve Sleep sees shares jump 20% as new CEO makes his mark

Eve Sleep has seen its shares rally 18 per cent after announcing it will refocus its efforts into key markets scaling back its unsuccessful expansion efforts elsewhere.






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Morgan Stanley says buy Amazon shares due to its big grocery opportunity

Morgan Stanley reiterates its overweight rating for Amazon shares, saying customer data from its brick and mortar stores will lead to more sales. 






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Check your freezer: 132,000 pounds of ground beef recalled due to possible E. coli contamination

A Colorado-based meat producer is recalling more than 132,000 pounds of its ground beef due to possible E. coli contamination, and the USDA is concerned the product could be in consumers' freezers.






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Chipotle hires Zenput to help manage food safety compliance with new mobile app

Zenput is a mobile platform that helps restaurants, convenience stores and retailers track their operations using a tablet or phone. The software allows managers to assign a checklist of specific tasks to various jobs, like opening the store.






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The great German beer crisis

German beer drinkers and makers are changing. Quality, not quantity, is what German beer drinkers want now, The Financial Times reports. 






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Strong August marks “continued growth across all sectors” for the quarter

Retail sales edged up in August marking “continued growth across all sectors” for the quarter, but food and clothing sales are beginning to falter. According to the Office for National Statistics’ (ONS) latest figures, retail sales in terms of amount spent throughout August rose 0.6 per cent compared to a strong July, but were up a healthy 5.6 per cent compared to a year earlier. Retail sales in terms of amount bought also rose 0.3 per cent last month compared to a month earlier, while rising 3.3 per cent compared to August 2017






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Cath Kidston looking to review store estate

Cath Kidston is placing its store estate under review as it looks to “ensure our shops are in the best locations.” The fashion and accessories retailer, known for its colourful prints, is poised to begin reviewing its portfolio on a case by case basis as a number of its leases reach their renewal date. Stores in Bath and Chester have already been closed earlier this year, alongside the closure of its store in Westfield Stratford.






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