Mothercare shares slide over talks with lenders May 6, 2014 Shares in Mothercare fell more than five per cent this morning after it emerged this weekend that the retailer is in talks with its lenders again over the terms of its banking covenants just seven months after securing a £90m refinancing deal. The retailer, which has Mothercare and Early Learning Centre stores, asked [...]
Marks & Spencer recruits Silicon Roundabout entrepreneurs for new website May 1, 2014 MARKS & Spencer has been recruiting Silicon roundabout’s finest to help develop its new website and to help lure the 19m customers a year who shop in its stores but do not use its website. The 130 year-old high street retailer broke away from its technology supplier Amazon and launched its own custom-built £150m [...]
Sainsbury’s launches mobile scan and go trial April 30, 2014 Remember those hefty handheld “scan as you shop” machines in supermarkets that allow you to avoid queuing at the check-out? Sainsbury’s has rebooted this concept with an app that allows shoppers to scan, pack and pay for their shopping using their smartphone before collecting a receipt and exiting the store. With its “mobile [...]
Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
Property firms circle Lend Lease’s £550m Bluewater stake April 28, 2014 Some of the UK property industry’s biggest players are circling Lendlease’s £550m cent stake in Bluewater shopping centre in what could become a heated battle for the prized site. British Land, Land Securities, Hammerson, Westfield, Intu and M&G Real Estate are reported to have all lodged initial expression of interest in the Kent shopping centre, [...]
