Sainsbury’s had good news around its clothing sales on Wednesday as they rose in Q2 after having been less strong of late. But the company had less to shout about around its Argos ops that continued to struggle.
Sainsbury's can't seem to catch a break. As some rivals in the UK supermarkets sector start to recover, the company has turned in another sales fall and even its previously resilient fashion offer's sales dropped in Q1.
It may come as something of a surprise but it seems that most consumers welcome Asos’s controversial new returns policy with 76% of shoppers (including serial returners) in favour of it, new research from Whistl shows.
Sainsbury’s may be bruised after its merger plan with Asda failed to get competition authority approval, but the company is still getting on with business as usual even if meaningful sales growth remains elusive.
Sergio Bucher, the CEO who hoped to turn Debenhams around but has presided over its decline, is expected to set down from his role within the next few days with some observers saying news could come as soon as Monday.
Debenhams issued a very short statement on Monday saying that it was in talks on its financing needs. But it spoke volumes in terms of the retailer’s determination to rebuff attempts by Mike Ashley to take control.