Barclays Private Equity confirmed it had appointed advisers to try and sell its 70% share of shoe retailer Kurt Geiger, according to The Sunday Times. Barclays bought the business two years ago from Harrods and is looking to sell for around £100million.
The Sunday Express reported that Asda has invested £50 million in an attempt to take on Tesco’s online business. Tesco's service is geared around non-food products such as furniture and toys that can be ordered online and collected in local stores. Asda's service will be called Asda Direct and initially will cover six locations. If successful Asda will roll the service out across the UK. Asda chief executive Andy Bond said the initiative has the potential to create £100 million in sales for the business within two years.
Shoppers are backing the idea of scrapping free plastic bags according to Saturday's Independent. An online poll by the British Market Research Bureau showed that 61% of people approved of retailers charging for carrier bags. A similar survey by AC Nielsen showed that 84% of shoppers would not switch to a rival supermarket if theirs removed free shopping bags.