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-
Ethical designer Stella McCartney teams up with LVMH
via ft.comUntil recently the life-long vegetarian had a longstanding partnership with Kering -
Holland & Barrett trains 600 women’s health coaches to give in-store support
via theguardian.comRetailer says it is filling advice gap on subjects such as menstruation and hormones amid wellness-focused revampIt used to be known mainly as a destination for dried fruit and vitamin tablets but now women can get advice on period pain, mood swings and sleep while shopping in Holland & Barrett.The retailer has trained 600 staff to act as women’s health coaches after its research revealed demand for broader support on hormonal and menstrual issues, with menopause the “tip of the -
Member prices: Which retailers are doing it?
Member prices has become a must-have for many loyalty schemes nowadays, as retailers across the board try to replicate the success of Tesco’s Clubcard Prices.
Retail Gazette takes a look at the retailers that offer exclusive pricing for loyalty scheme members.
Tesco
Tesco has been dubbed as the godfather of member prices, when it launched Clubcard Prices back in 2019.
Around 8,000 products are now available at discounted prices for its loyalty card members each week, with customers able to -
Harvey Nichols appoints Julia Goddard as new Chief Executive
Harvey Nichols has announced the appointment of Julia Goddard as its new Chief Executive Officer, effective June 2024. Goddard succeeds Manju Malhotra, who served as CEO... View Article -
Don’t ‘boil the ocean’ if you’re to make the most of AI, says Kingfisher leader
Successfully deploying Artificial Intelligence in retail will require businesses to focus on a handful of areas where the technology can really make a difference. That was... View Article -
Trouva snapped up for the third time in two years
Trouva has been snapped up by AI-enabled marketplace Fy!, marking the third time the business has been acquired within two years.
The online marketplace was purchased for an undisclosed sum, with the sale set to double the size of the wall art company, according to a statement from Fy!.
The business said Fy!’s AI-enhanced search, which was launched in October, has led to a 45% rise in sales per searcher.
The company’s AI-powered recommendations have also reportedly nearly doubled int -
Boohoo enhances personalisation with new AI-powered search and merchandising
Boohoo Group has expanded its use of search and merchandising tools provided by cloud-based ecommerce experience platform Bloomreach.
The fashion group, which already uses Bloomreach for omnichannel marketing automation, will now expand its partnership by implementing AI-powered search and merchandising across multiple brands including PrettyLittleThing, Boohoo, Boohoo Man, and Karen Millen.
Since adopting the tools across its 13 portfolio brands in 2021, Boohoo has worked to maximise data- -
Boohoo enhances personalisation with new AI-powered search & merchandising
Boohoo Group has expanded its use of search and merchandising tools provided by cloud-based e-commerce experience platform Bloomreach.
As an existing user of Bloomreach’s omnichannel marketing automation with integrated customer data platform features, the fashion group is now expanding its partnership by implementing AI-powered search and merchandising across multiple brands including PrettyLittleThing, Boohoo, BoohooMAN, and Karen Millen.
Since adopting the tools across its 13 portf -
Boohoo enhances personalisation with new AI-powered search
Boohoo Group has expanded its use of search and merchandising tools provided by cloud-based ecommerce experience platform Bloomreach.
The fashion group, which already uses Bloomreach for omnichannel marketing automation, will now expand its partnership by implementing AI-powered search and merchandising across multiple brands including PrettyLittleThing, Boohoo, Boohoo Man, and Karen Millen.
Since adopting the tools across its 13 portfolio brands in 2021, Boohoo has worked to maximise data- -
Topshop triumphs despite Asos’ growing losses
Despite posting an eyewatering £120m loss this week, Asos boss José Antonio Ramos Calamonte praised the performance of its Topshop, saying he was “very, very happy” with the brand.
Calamonte said the ex-high-street staple “is still outperforming the average overall brand” at the online fashion giant.
At the end of 2023, rumours circulated over a possible sale of the brand, with Shein mulling a possible bid as well as PrettyLittleThing founder Umar Kamani -
Harvey Nichols names Alexander McQueen president as new CEO
Harvey Nichols has appointed Alexander McQueen EMEA president Julia Goddard as its new chief executive.
Goddard replaces Pearson Poon, who stepped up as vice chairman on an interim basis after Manju Malhotra resigned as CEO last August.
Goddard has spent the last 14 years at Alexander McQueen, including as president for EMEA for the last five years supporting the luxury brand with its growth and expansion in wholesale, retail and e-concession across the region.Subscribe to Retail Gazette for fre -
Garden centres stockpile plants as fears grow ahead of Brexit checks
Garden centres and nurseries across the UK are stockpiling plants ahead of Brexit checks being implemented later in April, as concerns grow over whether new border posts will be ready to handle the volume of deliveries.
The Horticultural Trade Association (HTA) said many of its members had been ordering more plants during recent weeks, to raise stocks before the checks begin on 30 April, according to The Guardian.
A survey of 50 HTA members, including garden centres and nurseries, found 41 -
The Future of In-Store Technology: Embracing the Change
Retail is undergoing a ruthless renaissance after a transformation almost two decades long. The e-commerce eruption and pandemic lockdowns, as well as the customers’ inclination to... View Article -
ProCook partners with Food Cycle charity
Kitchenware brand ProCook has announced a new partnership with Food Cycle, a UK charity that aims to alleviate food poverty, loneliness and food waste through community... View Article -
IKEA opens first Irish distribution centre
IKEA UK & Ireland has opened its first ever logistics facility in Ireland. Marking a significant milestone in the furniture giant’s expansion in the country, the... View Article -
Asos says it will take ‘necessary actions’ after 18% drop in sales
via theguardian.comOnline fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120mAsos has said it will take “necessary actions” to transform its fortunes, after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.The company reported an 18% drop in year-on-year sales for the first six months to 3 March on Wednesday. This contributed to an underlying pre-tax loss of £120m, widening from the £87.4m -
Adidas predicts profit boost following first loss in 30 years
Adidas has raised its profit outlook for the year after a better-than-expected first quarter.
The sportswear giant now expects to pull in profits of £597m (€700m), up from the £427m (€500m) previously forecast.The news comes after Adidas reported its first losses in 30 years in March, following the financial fallout from abandoning its deal with Kanye West following his antisemitic remarks.
The sportwear brand said its quarterly operating profit had hit £286.6m, compa -
ASOS posts drop in sales as it works to become “faster, more agile and more profitable”
ASOS has reported that its adjusted first-half revenue declined by 18% to £1.5 billion, although the fashion retailer said it is making good progress on its... View Article -
Asos plunges to £120m loss as sales nosedive amid turnaround plan
Asos losses widened to £120m in its half year as sales plummeted amid its turnaround plan.
Adjusted pre-tax losses fell by almost a third over the half to 3 March, as group sales were down 18%.
Despite this, Asos reiterated its full-year guidance of a revenues fall of between 5 to 15% alongside positive adjusted EBITDA.
The online retailer said it was ahead of plan with its stock reduction process, as it continued to push ahead with its turnaround plan. Asos offloaded 83% of its autumn col -
Asos names new CFO as it falls to half year loss
Asos fell to a loss in its half year results, as it a appointed new chief financial officer (CFO) and non-executive director to the company.
The fashion giant posted an adjusted EBITDA loss of £16.3m for the 26 weeks to 3 March, down from the £4.6m it made the same time last year.
Adjusted group sales were down 18%, as Asos reiterated guidance for FY24 revenues to fall 5 to 15%, positive adjusted EBITDA and cash generation.
The business said it was ahead of plan with its stock r -
B&M delivers 10% revenue growth
B&M has seen its full year sales rise by 10.1% to £5.5 billion as it continues its focus on delivering everyday low prices. In the 53... View Article -
ASOS posts further drop in sales
ASOS has reported that its adjusted first-half revenue declined by 18% to £1.5 billion, although the fashion retailer said it is making good progress on its... View Article -
ASOS appoints new chief financial officer
Online fashion retailer ASOS has appointed former Farfetch and Sainsbury’s executive Dave Murray as its new chief financial officer. Due to join the business on 29... View Article -
Superdry founder: I’m not ashamed that we’re a ‘dad brand’
Superdry founder Julian Dunkerton has claimed he does not care that it is increasingly being viewed as a “dad brand,” as he sets about restructuring the business.
Dunkerton told The Telegraph he was “not ashamed” of attracting older customers after the retailer had to launch a significant restructuring programme following a decline in revenues.
He said: “I’m not ashamed of having a 50-year-old consumer as long as I’ve got a 16-year-old coming through as -
Pangaia to open first standalone UK store
Materials science company Pangaia is to open its first standalone UK store in London’s Soho this summer The 1,500 square foot shop at 57 Carnaby Street... View Article -
B&M posts 10% revenue growth
B&M has seen its full year sales rise by 10.1% to £5.5 billion as it continues its focus on delivering everyday low prices. In the 53... View Article -
Matalan expands online offering with addition of 17 new third-party brands
Fashion and homewares retailer Matalan has significantly expanded its online offering by launching 17 new third-party brands across its core categories. It has also extended the... View Article -
Garden centres in UK stockpile plants before new Brexit checks
via theguardian.comBritish growers and sellers fear government measures starting on 30 April could result in delays and plants being damagedGarden centres and nurseries are stockpiling plants before Brexit checks are introduced later this month, amid concerns over whether new border posts will be ready to deal with the volume of deliveries.The Horticultural Trade Association (HTA), which represents garden retailers and growers, said many of its members had been increasing orders of plants in recent weeks, to incre -
7 retailers that have gone bust so far this year
Ted Baker became the latest high street casualty last month when the brand’s UK operator No Ordinary Designer Label called in administrators.
It is one of several collapses reported so far this year following a record number of retail insolvencies in the year to January 31.
Retail Gazette takes a look at the retailers that have gone bust so far in 2024.
Ted Baker
Administrators at Teneo revealed last week that Ted Baker will close 11 stores and had served notice on an additional four sites -
LVMH’s growth weighed down by softening China luxury demand
via ft.comFirst-quarter revenues grew 2% at flagship fashion and leather goods unit, against an 18% jump a year ago
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