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Charity shop and antique purchases drive up UK retail sales
via theguardian.comQuantity of goods bought in June rose 1% from May, says ONSRetail sales in the UK were unexpectedly strong in June, boosted by sales of secondhand goods at charity shops and antique dealers, although department stores continued to struggle.The quantity of goods bought in June rose 1% from May, according to the Office for National Statistics. City economists had forecast a 0.3% drop in sales, following May’s 0.6% fall. The figures boosted the pound by half a cent to $1.2480. Related: Asos i -
Tesco chief’s pay more than doubles to £10mn
via ft.comKen Murphy earns performance-linked bonuses of £8.3mn after hitting targets -
M&S resets mens formalwear offer as it ‘doubles down on growth plans’
M&S is shaking up its mens formalwear offering for spring/summer 2024 as it targets market share growth in the category.
The fashion and food retailer, which currently holds 18% of the £932m formalwear market, is launching more trend-informed pieces to broaden its appeal to shoppers and drive style perceptions.
It has reduced its option count across the category meaning its core options – such as plain, navy, black and grey – now make up 50% of the range, compared to 75% pr -
Zalando names new co-CEO as co-founder steps down
Zalando co-founder David Schneider is stepping down as co-chief executive to take on a new role at the retailer focusing on partnerships.
Schneider will be replaced by the German fashion etailer’s current chief operating officer David Schröder, who has worked in the company’s senior management team since 2010.
Schröder, who will serve alongside Zalando CEO Robert Gentz, will be responsible for scaling the retailer’s B2B division and developing its unique capabili -
Angling Direct profits double as sales fly
Angling Direct profits have more than doubled as the brand grows its store footprint and develops its omnichannel offer.
Pre-tax profits for the specialist fishing tackle and equipment retailer have rocketed to £1.5m in the year to 31 January, up from £700,000 the year before.
Sales jumped 10.2% to £81.7m, boosted by a 9% rise in UK revenue to £77.4m and a 36.3% surge to £4.3m in European online sales.
Angling Direct boosted its gross margin to 34.9%, driven by impr -
In pictures: Finisterre launches new Covent Garden flagship
Cornish fashion brand Finisterre has opened a new flagship store in Covent Garden, marking the largest of its 11 retail spaces in the UK.
The 2,702 sq ft site on 47-49 Neal Street, replaces the retailer’s previous Covent Garden store on Earlham Street, Seven Dials, which permenantly closed its doors last week.
Finisterre has upsized by 80%, which it said represented its continual growth and vote of confidence in Shaftesbury Capital’s Covent Garden.
Inside, the shop is stocked with it -
Heathrow warns loss of tax-free shopping is ‘curtailing UK’s global connectivity’
Heathrow Airport has warned the loss of tax-free shopping is hurting Britain’s status as a global transport hub.
The airport, which saw passenger numbers rise 4.8% last month, claimed the measure was “curtailing the UK’s global connectivity”.
Its CEO Thomas Woldbye said: “To unlock our full potential to help grow the country’s economy, we need the government to implement policies that support UK aviation’s ability to compete globally.”
While the Tr -
Peoplesafe launch app to protect every journey
Travelsafe is a personal safety app feature designed to protect users wherever and whenever they travel. Help is available faster than calling 999 when your staff... View Article -
Greggs posts strong sales growth as it targets more UK shop openings
Greggs has “performed well” at the start of its financial year as it targets more shop openings across the UK.
The sausage roll maker posted 7.4% like-for-like sales growth in the first 19 weeks of 2024 thanks to continued “good progress across all channels”, including including delivery sales, evening trade, and increased engagement via its app.
Total sales for the 19-week period hit £693m, up from £609m the previous year.Subscribe to Retail Gazette for free -
Greggs on a roll as it targets more UK shop openings
Greggs has “performed well” at the start of its financial year as it targets more shop openings across the UK.
The sausage roll maker posted 7.4% like-for-like sales growth in the first 19 weeks of 2024 thanks to continued “good progress across all channels”, including delivery sales, evening trade, and app engagement.
Total sales for the 19-week period hit £693m, up from £609m the previous year.Subscribe to Retail Gazette for free
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WH Smith launches new food range under ‘Smith’s Family Kitchen’ brand
WH Smith has launched its first ever own-brand food range as it looks to meet the needs of today’s travelling customers. The Smith’s Family Kitchen food-to-go... View Article -
Focus on supply chains supports provenance strategies
Focusing strongly on provenance and greater control over the supply chain including moves towards introducing vertical integration are proving critical components of a growing number of... View Article -
Currys sales return to growth
Currys has said it made a strong finish to its financial year as group like-for-like sales returned to growth with an uplift of 2% in the... View Article -
Currys hails ‘strong finish to the year’ as sales return to growth
Currys has made a “strong finish” to its financial year, with its annual profits set to come in ahead of expectations after sales returned to growth.
The electrical retailer anticipates full year adjusted pre-tax profits of between £115-120m, up from the previous guidance of at least £105m
In a full-year trading update to April 27, like-for-like sales in the UK and Ireland increased by 2% amid improved trading momentum. While sales in the retailer’s Nordic business -
Pret owner explores move away from sandwiches as consumer brands struggle
Pret A Manger’s owner is looking to make a major move into insurance after a tough trading period for its food and drink business.
JAB Holding, which also owns Krispy Kreme doughnuts, has outlined plans to launch a global insurance platform and create an asset management business.
The group has brought in veteran US insurance executive Anant Bhalla as senior partner and chief investment officer to oversee the move, the Telegraph reports.
The move signals a notable strategy shift for the Ge -
Walgreens reignites £7bn sale plan for Boots
Boots’ owner is ramping up its efforts to find a buyer for the British health and beauty retailer.
According to Bloomberg, Walgreens Boots Alliance is working with consultants to initiate talks with companies who may make a bid for the business.
The Americans are believed to be seeking £7bn for the high street staple, which has 2,200 stores in Britain and employs around 55,000 people.
Among the considerations are plans to list Boots on the London stock market, which could provide a s -
Boots owner reignites £7bn sale plan
Boots’ owner is ramping up its efforts to find a buyer for the British health and beauty retailer.
According to Bloomberg, Walgreens Boots Alliance is working with consultants to begin talks with interested parties.
The US giant is believed to be seeking £7bn for the high street retailer, which has 2,200 stores in Britain and employs around 55,000 people.
The firm is also considering listing Boots on the London stock market, which could provide a significant uplift for the City. -
Marks & Spencer to donate 5p from sale of every Farmhouse loaf to Young Minds
Marks & Spencer has announced that it will donate 5p from the sale of every loaf in its Farmhouse loaf range to Young Minds, the UK... View Article -
Crew Clothing to open new Canterbury city centre store
Premium lifestyle brand Crew Clothing is to launch a new high street store in Canterbury. Situated in the city’s Whitefriars shopping centre, the 112 square foot... View Article -
Finisterre upsizes to larger store in Covent Garden
Finisterre has opened a new flagship store in London’s Covent Garden in an 80% upsize in the shopping district. Spanning 2,702 square feet, the shop at... View Article -
Charities attack Tesco rules for evening-only collection of unwanted food
via theguardian.comGroups warn they can’t find enough volunteers at night or distribute the food to homeless people effectivelyTesco is facing criticism from “shocked” charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening.The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their be -
[ EVENT ] Retail HR Central 2024 – May 15
This informative best-practice event is primarily designed for HR Directors and their teams, within UK retail and tangential sectors. We will be identifying strategies to help... View Article -
Asda workers confirm strike dates at fourth store
Asda workers at its Brighton Hollingbury superstore have announced strike dates over the Bank Holiday weekend, following industrial action at its Gosport, Wisbech and Lowestoft sites.
GMB Union members at the supermarket are set to walk out over the weekend of 24 and 25 May, according to the trade union.
The union claimed more than 100 staff members planned to strike over a litany of workplace issues, from 8pm on 24 May until 3pm the following day.
It said the supermarket’s workers w -
Seeing is smelling: how even a picture of a lemon can sell products | Letter
via theguardian.comScents are often used to entice customers into retail outlets, but research has shown that evoking them with an image has a similar effect, writes Zachary EstesAs a longtime enthusiast of ambient scents in retail spaces I very much enjoyed Aimee Levitt’s article (‘It’s the brand speaking to you’: the scent firms making smells for Subway, Abercrombie and more, 8 May). However, it misses an important limitation of ambient scent: consumers can only smell it if they’re -
M&S chair Archie Norman on shoplifting: ‘We have to accept police aren’t interested’
M&S chairman Archie Norman has said retail bosses should accept that “police aren’t intereseted” in tackling shoplifting.
Norman told LBC that the fashion and home retailer has spent “a lot of money” on its own security as staff “get very little help from the police” during the current shop theft epidemic.
However, he said that incidents at M&S had gone down, which was largely as a result of the business’ own efforts.
“We get very lit -
WHSmith launches own-brand food-to-go range in travel stores nationwide
WHSmith has launched its first own-brand food-to-go range as part of its strategy to become a one-stop-shop for consumers on the move.
Smith’s Family Kitchen is now available in all 300 of the retailer’s travel stores around the UK, including at airports and rail stations.
WHSmith said each product under the new range is made with “high quality ingredients and offers an extensive choice from family favourites and punchy flavours alongside other delicious and healthy choices&rdq -
Huddled Group says Discount Dragon has delivered solid growth post-acquisition
Huddled Group has said its Discount Dragon business has delivered solid growth since it was acquired by the group last October. In its full-year results announcement... View Article -
B&Q on track for 100% responsible sourcing of wood and timber in 2024
Home improvement retailer B&Q has said it responsibly sourced 99.3% of its timber and paper products in 2023 as it looks ahead to reaching its target... View Article -
Asda to create new ‘town centre’ and build 1,500 homes in London
via ft.comUK supermarket is latest retailer to push into residential property in deal with Barratt Developments -
Waitrose receives Royal Warrant from His Majesty The King
Waitrose has been honoured with the Royal Warrant of Appointment to be Grocers and Wine and Spirit Merchants to His Majesty King Charles III.
It is the only Royal Warrant to be granted to a supermarket and is among the first honours to be awarded by King Charles since he ascended to the throne.
The upmarket supermarket, which first received the Warrant in 1928 to supply King George V, will carry the honour for at least five years.Subscribe to Retail Gazette for free
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