
- Retail Week broke the news that Baugur had filed for protection from its creditors in Iceland, after the failure of debt restructuring negotiations with Icelandic bank Landsbanksi.
- Shop Direct Groupsnapped up the Woolworths brand and began to plan for its relaunch as an online retailer in the summer. 25,000 consumers made suggestions of what it should offer through the holding page for the site on its first day online.
- Sir Philip Green revealed plans to make Bhs part of his Arcadia Group, consolidating logistics, property and finance head office functions to save money.
- Tescounveiled a Superstore fascia in central Liverpool, but was adamant that it did not represent an attempt to create a department store model.
- Fashion entrepreneur John Shannon outlined plans to return the kidswear chain Adams to its former size after buying it out of administration. 151 of its 271 stores were closed after its New Year’s Day administration.
- Managing director Mark Price vowed Waitrose would overtake Marks & Spencer in terms of food sales during 2009. He said that a volume lead over its competitor would also be matched by a sales lead by the time the grocer had finished adding the 12% of extra space it planned to this year.
- Morrisons began installing one of the largest voice picking systems in the world, which would involve more than 2,000 mobile computers being deployed by warehouse staff in its distribution centres.


















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