News roundup—9th March 2009

News roundup—9th March 2009

Department store chain Debenhams agreed to buy certain
assets of fashion retailer Principles out of
administration-but those assets do not include the stores
themselves. According to Reuters, 66 Principles stores are closing,
though administrator Deloitte “will continue to trade the
remaining 19 and 172 non-Debenhams concessions will also remain
in business ‘for the time being’”.

TM Lewin, a cataloguer/retailer of tailored apparel, is
opening its first store outside of the UK and Ireland, in
Singapore, reports The Times.

“The British Retail Consortium, the retail industry
trade body, has called on the government to delay the VAT
increase scheduled for December 31, arguing that it will cause
havoc with store groups’ Christmas trading,” writes
The Telegraph.

Lingerie catalogue Bravissimo, fashion
cataloguer/retailer White Stuff, and luxury-goods etailer are among the Sunday Times 100 Best Companies to Work
For. Beaverbrooks the Jewellers, which sells online as
well as via bricks-and-mortar stores, topped the list.
Retailer/cataloguer Mothercare, and its Early
Learning Centre subsidiary, made the list of the top 20
best large companies to work for.

Net-a-porter founder Natalie Massenet is the subject of
a mini-profile in The Times as well. She and several staffers
model the site’s wares in an accompanying photo.

Among The Telegraph’s “top 50 internet
shopping websites to save you money”: Trade
Secret, which sells overstocks from retailers such as M&S
and Laura Ashley; department stores John Lewis and
Marks & Spencer; tools cataloguer Screwfix;
fashion etailer ASOS; lingerie sellers Figleaves
and Bravissimo; etailers Chemist Direct and
Fragrance Direct; and consumer electricals merchant


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