Don't miss this week
As chairman of the Judging Panel for the inaugural Retail Week Hackathon, I can say on behalf of my fellow judges that we’ve witnessed some outstanding examples of innovation from a set of 10 inspiring teams.
Phones 4u’s administrator has made 628 redundancies at its head office as Vodafone steps in to buy 140 stores and take on 887 of its employees.
Retail news round-up on September 19, 2014:
John Lewis blamed the unseasonably warm weather for its sales fall last week, as Waitrose benefitted from it, recording an increase in sales.
Phones 4u’s creditors are pressuring EE and Vodafone to revive supply contracts as part of a last-minute rescue bid.
Retail sales volumes increased for the seventeenth consecutive month in August, rising 0.4% and reflecting “underlying growth” in the sector.
The Office of Fair Trading’s Sale of Goods Act ‘hub’ is a useful tool to help retailers protect their business as well as keep customers happy.
Retail Week’s cartoonist Patrick Blower’s take on mobile retailer Phone 4u’s administration and Dixons Carphone offering its staff jobs.
Phones 4u’s collapse has triggered the biggest swathe of store closures in one day since Woolworths’ collapse in 2008, according to the Local Data Company.
Phones 4u’s administration indicates the importance for retailers to value their relationships with their suppliers in order to stay competitive.
In the wake of Dixons Carphone’s merger, what lessons can retailers learn to ensure their mergers are successful long term?