Here’s one announcement no-one will be celebrating: The UK is officially in a recession, reports The Independent.
Harrods chief executive James MacArthur has left the upscale retailer after less than one year, Bloomberg reports.
Will Home Retail Group’s acquisition of Woolworths’ Chad Valley toys brand hurt Mothercare’s Early Learning Centre business? And will Mothercare fight back by purchasing Woolies’ Ladybird children’s apparel brand? The Guardian seems to think so.
The Guardian interviews Ikea chief exec Martin Hansson and asks, among other things, why you still can’t buy most of the company’s products online.
Alistair Blair, founder and managing editor of mail order fishmonger The Fish Society, enthuses to The Financial Times about the joys of turning his passion into a business.
The Outnet, the imminent spin-off of Net-a-Porter.com is among the online fashion retailers deemed “hot” by The Guardian. Others on the list: ASOS, Astley Clarke, Atelier Mayer, Girl Meets Dress, I Love Jeans, and My-Wardrobe.com.