All articles by George MacDonald – Page 105
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NewsConviviality considers equity fundraising in cash crisis
Conviviality, the embattled drinks retailer and wholesaler, has had “constructive discussions” with lenders and support from stakeholders as it addresses a funding crisis and may launch equity fundraising as it seeks to stabilise.
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NewsTesco shares climb as JP Morgan turns buyer
Tesco’s tie-up with wholesaler Booker has won over big broker JP Morgan, which has become a buyer of the grocer’s stock for the first time in five years.
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NewsClaire’s UK business safe despite US bankruptcy fears
Claire’s Accessories’ UK business does not face looming closure, despite reports that the retailer’s core US business may file for bankruptcy.
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NewsJohn Lewis to launch Madewell brand in UK
John Lewis is to launch US denim brand Madewell in the UK in its new shop at Westfield White City.
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VideoThe Retail Week: Urgent questions for Conviviality
In the wake of a disastrous week for Conviviality, we discuss the key questions facing the business and analyse where it goes from here.
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NewsBargain Booze owner Conviviality hit by cash crisis
Bargain Booze owner Conviviality is facing a cash squeeze after discovering it must pay HMRC £30m by the end of this month.
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OpinionJohn Lewis’ profit challenge applies across retail
John Lewis’ results showed that today in retail you need to run to have the slightest hope of even standing still, never mind advancing.
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NewsDixons Carphone expands airports business in Germany
Electricals giant Dixons Carphone’s travel retail business has unveiled plans to open five new stores in Frankfurt and Düsseldorf airports by the end of 2018.
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NewsCost of retail crime rises as violent incidents increase
The cost of retail crime has risen and violent incidents are on the up.
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NewsCo-op acts over supplier mistreatment claims
The Co-op has acknowledged poor treatment of some suppliers and is acting to address the issue.
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NewsMaplin head office staff axed by administrators
The administrators of electricals retailer Maplin have made redundancies at its headquarters.
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VideoWatch: Sir Vince Cable on Brexit and administrations
Liberal Democrats leader Sir Vince Cable joins us in the Retail Week Live newsroom to discuss the impact of Brexit and the current insolvency process.
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OpinionToys R Us didn’t need to fail, failure to change killed it
Hard as it may be to imagine today, Toys R Us was once a revolutionary company.
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NewsMothercare seeks covenant waivers and finance
Mothercare is seeking waivers of some of its financial covenants and looking at ways of raising further cash as it attempts a turnaround.
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NewsToys R Us launches closing down Sale following collapse
Toys R Us has launched a nationwide closing down Sale following its collapse into administration on Wednesday.
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NewsAsos finance boss Helen Ashton to step down
Asos chief financial officer Helen Ashton is to leave the online fashion giant later this year.
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NewsStore shelves left empty as snow prompts shopping rush
Some shops have run out of basics such as bread and milk after shoppers stocked up on them when snow gripped the country.
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NewsEataly to make UK debut in London’s Broadgate
Food retailer and restaurant specialist Eataly is to open its first British marketplace in London.
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NewsMaplin staff offered jobs lifeline by Dixons Carphone
Maplin employees who face losing their jobs after the retailer’s collapse may find new roles at rival Dixons Carphone.
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VideoThe Retail Week: Is it 2008 revisited for retail?
As Toys R Us and Maplin both go into administration this week, the team discuss whether the past is repeating itself, and what steps retailers need to take to avoid it happening to them.