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H&M enters new market of Kazakhstan
High street fashion retailer H&M has opened its first store in Kazakhstan. -
Ikea pushes back opening of Oxford Street store until 2025
Ikea has pushed back the opening date of its new store in London’s Oxford Street to the spring of 2025. The retailer said its seven-floor renovation... View Article -
Fast-growing Chinese retailer Miniso shifts expansion focus overseas
via ft.comFinance chief says low-cost chain plans to open 600 stores abroad this year amid weak consumption in its home market -
British asparagus back in supermarkets after criticism over imports
via theguardian.comUnseasonably cold weather had slowed UK season, but sunny spell has helped crop ‘grow like stink’Shoppers angered by discovering imported asparagus on supermarket shelves during the short British season for the vegetable are expected to receive a fillip after a sudden burst of sunshine helped the domestic crop.Supermarket shoppers had complained after finding asparagus grown in mainland Europe and the Americas on sale during the “peak” British season. Continue reading... -
Iceland named best UK supermarket to work for by The Sunday Times
Iceland has been named as one of The Sunday Times Best Places to Work in 2024.
The annual list recognises companies with the highest employee engagement and wellbeing levels.
The frozen food retailer, alongside its sister brand The Food Warehouse was the only UK supermarket to feature in the ‘very big’ organisation category.
The Sunday Times Best Places to Work ranks organisations in six areas: reward and recognition, information sharing, empowerment, wellbeing, instilling pride and -
Target Pride merchandise only available at select stores after rightwing backlash
via theguardian.comCompany, which operates roughly 2,000 stores, declined to disclose number of stores where merchandise will not be availableTarget confirmed Friday that it won’t carry Pride Month merchandise at all stores in June after the discount retailer experienced a backlash and lower sales over its collection honoring LGBTQ+ communities.Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products, including adult apparel, home goods, foods and beverages, woul -
What I wish I’d known before my smartphone was snatched
via ft.comAs phone theft surges, how can you protect your financial data? -
Directors’ Deals: Hedge fund boss increases Asos stake
via ft.comFund’s has a 15 per cent holding in fast fashion group -
[Responsible business] Corporate Sustainability Due Diligence Directive incoming for retail sector
On 24 April, the Corporate Sustainability Due Diligence Directive was approved by the EU parliament. In this article Irwin Mitchell’s Aaron Ford, Jane Anderson and Katie... View Article -
Dobbies raise £1.39m for teenagers and young adults living with cancer
Dobbies, the UK’s leading garden centre retailer, has made a donation of £110,000 for funds raised in the last year, to its National Charity Partner, Teenage... View Article -
Shein ‘steps up plan for London IPO’ amid US listing hurdles
via theguardian.comSources say Singapore-based online fashion retailer founded in China prefers a float in New York but faces tougher scrutiny than expectedThe fast-fashion company Shein is stepping up preparations for a London listing after its attempt to float in New York faced regulatory hurdles and pushback from US lawmakers, sources have told Reuters.The online clothing retailer plans to update China’s securities regulator on the change of the initial public offering (IPO) venue and file with the London -
Ocado Retail and Soil Association to establish five nature-friendly demo farms
Nature and climate-friendly food production is set to be demonstrated at five UK farms in a new project with online supermarket Ocado and the Soil Association... View Article -
N Brown named one of The Sunday Times Best Places to Work 2024
N Brown Group, the inclusive fashion and homeware digital retail platform, has been named one of The Sunday Times Best Places to Work 2024. This is... View Article -
Iceland named best supermarket to work for in UK
Iceland Foods has been announced as one of The Sunday Times Best Places to Work in 2024. The prestigious annual list recognises organisations with the highest employee... View Article -
Feeling the pinch: why are so many Australian businesses failing?
via theguardian.comThe high cost of living and the ‘bullwhip effect’ have had a deleterious effect, particularly on food services and building, resulting in a decade-high 10,000 collapsesGet our morning and afternoon news emails, free app or daily news podcastAn insolvency tsunami has swept through Australia, putting the country on track to record decade-high numbers of collapsed businesses by the end of the financial year.While building and food services companies are at the forefront of the surge, fe -
John Lewis owner cut 3,500 jobs last year yet hired chief on £1.2m pay deal
via theguardian.comFurther job cuts likely as JLP says it is investing in automation as part of ‘simplifying the way we work’Business live – latest updatesThe owner of John Lewis and Waitrose cut 3,500 jobs last year amid efforts to save costs in a tough market – but employed its first group chief executive on a more than £1m pay deal.The staff-owned group, which has 34 John Lewis department stores and 329 Waitrose supermarkets, said it employed 72,900 people in its annual report publ -
Morrisons workers vote for strike action to protect their pensions
Morrisons staff at two of its UK distribution hubs are set to take strike action in a dispute over pensions.
Members of Unite union who work at the supermarket’s Gadbrook and Wakefield warehouses, including stock controllers, cooks, canteen staff and administrators, voted “”overwhelmingly in favour” for the two three days walkout, The Grocer reported.
Approximately 1,000 members were involved in the ballot, with nearly 97% voting in favour of the strikes, the first of whi -
In Pictures: Lush opens Bridgerton-themed tea room and secret garden pop-ups
Lush has transformed part of its Oxford Street flagship into a regency-style pop-up to celebrate its collection with Netflix’s Bridgerton.
The cosmetics retailer said the space has been created for fans to step into the show’s universe and explore its latest limited-edition collaboration ahead of the premiere of the new series.Running until 23 May, the pop-up is furnished with regency-style seating, a grand piano and hanging flowers. Vistors will also be able to enjoy compliementry t -
Opening of Ikea’s Oxford Street store put back to spring 2025
via theguardian.comCompany says latest delay at central London site bought for estimated £378m is due to water leaking into basementIkea has pushed back the opening of its Oxford Street store to spring 2025 – about 18 months later than initially planned – after problems with water leaking into the basement.The site, previously occupied by Topshop, had been scheduled to open this autumn and that date had already been put back by a full year. Continue reading... -
Ikea Oxford Street opening delayed again until Spring 2025
Ikea has pushed back the opening date of its highly anticipated store on Oxford Street once again until Spring 2025.
The Swedish furniture giant said it was “fully committed” to opening the flagship as it continues “extensive renovation works” on the seven storey Grade II listed building, which its investment arm Ingka Investments snapped up for £387m in 2021.
It said the delay was caused by the discovery of water ingress on the lower of the two basement levels -
Watch: M&S ‘pumps up the jam’ in new summer fashion campaign
M&S has launched its 2024 summer TV campaign, set to Technotronic’s feel good hit ‘Pump up the Jam’ as the retailer continues to broaden appeal and elevate its style perceptions.
Focusing on its latest summer womenswear, menswear and kidswear collections, the hero campaign is set against a series of sunny holiday scenes with models wearing pieces including sequins skirts and embellished dresses.
The retailer’s campaign was developed by Mother Design, with the fil -
Tourists ditch UK for Europe’s tax-free shops
Thousands of foreign tourists who previously travelled to the UK for tax-free shopping have switched to Milan and Paris following the loss of the scheme.
While research showed 162,000 tourists from non-EU countries sought tax refunds in the UK in 2019, 20% of those visitors are now claiming them in EU countries that still run the scheme.
Figures from Global Blue, first reported by Bloomberg, found 34,000 travellers had ramped up their spending to more than £3,270 last year, compared to ove -
Greggs hits 2,500 store milestone as its growth plan gains momentum
Greggs has opened 2,500 stores in the UK, as it steams ahead with its five-year growth plan.
The bakery giant launched its latest store in Sainsbury’s Bridgeway in Cobham, based on a petrol forecourt, marking its eighth shop opened with the grocer and 50th store opened with supermarket partners.
Greggs kicked off its five-year growth plan in 2021, which involves a long-term target of opening more than 3,000 stores across the UK.
The plan includes opening between 140 and 160 new stores this -
Currys teams up with Accenture and Microsoft to drive generative AI adoption
Currys has selected Accenture and Microsoft to deliver its core cloud technology infrastructure to allow the retailer to leverage the latest AI technologies.
The rollout will enhance operations, elevate the shopping experience, and improve the colleague experience for the electricals retailer’s 25,000 staff.
Accenture and Microsoft, together with joint venture Avanade, will work closely with Currys “to modernize, secure and simplify its technology estate”, enabling it to accele -
Online marketplace Fruugo explores sale of business
Online marketplace Fruugo has hired bankers to pursue a sale.
The etailer, which was once considered a prime candidate to float on the London stock market, has recruited DC Advisory to explore options for its future, Sky News reported.
Fruugo, founded in 2006, helps consumer brands localise themselves when selling to international audiences and counts ex-M&S chair Lord Rose of Monewden among its shareholders.Subscribe to Retail Gazette for free
Sign up here to get the latest news -
Mothercare posts drop in sales as it begins refinancing discussions
Mothercare has seen a 13% decline in its net worldwide retail sales by franchise partners to £281 million. In a pre-close trading update for the 53... View Article -
Interview: How THG Beauty has become its ‘standout’ performer
Last month, THG’s first quarter sales jumped thanks to the “standout performance” of its beauty business.
Beauty sales surged 11.1%, driven by a “notably strong” performance in the UK and THG boss Matt Moulding said the business’ “high quality, loyal customer base bringing greater profitability per order”.
THG Beauty CEO Lucy Gorman says the group, which owns businesses including LookFantastic and Cult Beauty has made a deliberate play for &ld -
Mothercare ‘marginally’ maintains profit despite sales decline
Mothercare managed to stay “marginally” in profit in its pre-close trading statement, despite seeing a decline in retail sales.
The nursery retailer said its adjusted EBITDA for the year ended 30 March was marginally above the £6.7m seen in its previous year, remaining in line with market expectations.
Draft figures for its unaudited net worldwide retail sales by franchise partners reached £281m for the period, marking a 13% drop from last year.
Mothercare attributed its -
Lidl increases pay rates for third time in 12 months
Lidl GB is increasing its pay rates for the third time in 12 months. In a £2.5 million investment, the supermarket is raising pay for hourly-paid... View Article -
Shoplifting shows signs of falling, new survey finds
Shoplifting is showing signs of falling, according to a new survey, amid widespread reports of a rise in thefts.
A poll by the Office for National Statistics (ONS) indicates 26% of retail businesses experienced shopper theft last year, compared to a record high of 28% in 2022, the BBC reported.
A separate ONS report, based off police crime figures, found reports of shoplifting hit their highest level in 20 years last year, as police logged 430,000 cases of the thefts.
However, the Commercial Vic
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