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Secure Trading Announces New Phase Development
Secure Trading, the online payments specialist, is today announcing its intent to begin a new phase of business development. -
The implosion in luxury ecommerce
via ft.comThe pandemic created a boom in retailers selling designer brands. But Matches is now in administration and Farfetch was sold to avoid insolvency -
5 ways GenAI can improve the lives of the retail workforce
Behind the scenes of online retail, GenAI is enabling huge change which is generating increased cost efficiencies and additional revenue. However, its benefits are not limited to the online experience.
As we see in the examples that follow, GenAI is being deployed across retailers’ businesses to help deliver a better working environment for those at the heart of the retail industry – whether it is store staff or those at supporting offices, such as a head office or warehouse and fulf -
Mega, extra chunky and luxurious: how Easter eggs roll in 2024
via theguardian.comAnalysts say fastest growing part of market is for ‘talking point’ eggs, with some clocking in at 1kgAt Easter, people used to get excited if theirs came with a mug and a bag of sweets but those days are over, with social media stoking demand for talking point “mega eggs” in fancy shapes and exotic flavours.The choice is no longer just about the type: think “blonde”, “strawberry-white” or “pistachio” flavour chocolate not bog-standard m -
Muji Europe to appoint administrators
The European arm of Muji, the Japanese clothing and homewares retailer, is to appoint administrators. With a pre-pack deal expected to be agreed, the retailer said... View Article -
Filippa K appoints Marie Forssenius as its permanent chief executive
Swedish fashion brand Filippa K has appointed Marie Forssenius as its chief executive on a permanent basis. She has been working as the brand’s acting chief... View Article -
Athleisure shares appear out of shape
via ft.comSales have recovered from the pandemic, but valuations are sluggish -
Muji to appoint administrators as it lines up pre-pack deal
Japanese retailer Muji has filed for administration with a pre-pack deal understood to be in the offing.
The retailer’s UK stores – which include six in London and one in Birmingham – are expected to be retained when the firm’s European holding company undergoes a pre-pack administration.
Muji told TheBusinessDesk.com: “This is part of a planned strategic restructuring of the business and Muji’s management expect to conclude a deal shortly.
“For Muji&rsq -
Superdry founder Dunkerton walks away from takeover deal
Superdry founder Julian Dunkerton will not make an offer for the retailer despite attempting to raise funds for a take-private deal.
However, the fashion chain remains in discussions with Dunkerton regarding alternative structures, including a possible equity raise fully underwritten by the Superdry founder, which it said would provide additional liquidity headroom for its turnaround plan.
It is expected that any equity raise would be at “a very material discount” to the current shar -
BREAKING: Superdry founder Dunkerton walks away from takeover deal
Superdry founder Julian Dunkerton will not make an offer for the retailer despite attempting to raise funds for a take-private deal.
However, the retailer remains in discussions with Dunkerton regarding alternative structures, including a possible equity raise fully underwritten by the Superdry founder, which it said would provide additional liquidity headroom for the retailer’s turnaround plan.
It is expected that any equity raise would be at a very material discount to the current s -
Muji Europe poised to go into administration
via theguardian.comEuropean arm of Japanese retailer says process will have no immediate impact on shops, staff or running of chainThe European arm of the Japanese clothing and homeware retailer Muji is to appoint administrators, in another gloomy signal for the UK’s struggling high street.The spokesperson for the retailer, which has six stores in London and one in Birmingham, said the move formed part of a “planned strategic restructuring of the business”, and that it expected to reach a deal sh -
Wilko launches tool and equipment rental service
Wilko has launched wilkohire – what it described as “the ultimate tool and equipment hire service”, in a bid to make quick fixes and big renovations accessible to all.
The service, operated in partnership with easyToolhire, means customers can hire everything they need for their jobs, from gardening and landscaping, to cleaning, drilling, painting and decorating – whatever the scale and size.
The home and garden retailer said consumers can visit wilkotoolhire.com an -
Sainsbury’s forecasts Easter growth as hot cross bun sales soar
Sainsbury’s has forecast a bigger Easter than last year having already sold 16m hot cross buns this year – a 62% sales rise from 2023.
The grocer also expects more shoppers to celebrate the day with a classic Easter roast dinner.
The supermarket has seen a 469% uplift on its sale of lamb from last year, and is predicting a 386% increase in beef sales. It also expects a 48% jump in vegetable sales.Subscribe to Retail Gazette for free
Sign up here to get the latest news stra -
Sainsbury’s eyes Easter growth as Globaldata predicts spending jump
Sainsbury’s has forecast a bigger Easter than last year having already sold 16m hot cross buns this year – a 62% sales rise from 2023.
The grocer also expects more shoppers to celebrate the day with a classic Easter roast dinner as Globdata predicts UK consumers will spend £1.9bn over the period, up 4.0% on 2023.
The data firm said spend on Easter food and drink is expected to drive the uplift as consumers plan to splash out, feeling less restricted by financial pressures amid -
FatFace unveils leadership changes following Next acquisition
FatFace has unveiled a series of changes to its leadership team, as it switches to Next’s Total Platform after being bought by the retailer.
The brand, which was acquired by Next in October for £115.2m, will see COO Mark Wright exit his role to pursue opportunities outside of the business.
FatFace will not be searching for a succesor for Wright, who joined the group in 2019, with the executive’s responsibilities set to be divided between new and existing board members at the co -
Boots sales rise as notches up 12th quarter of market share growth
Boots has seen its second-quarter sales rise 5.9% – on top of a 16% increase in the same quarter the prior year – thanks to strong online trading and an “excellent” Christmas.
In the three months to 29 February, footfall at the health and beauty giant was up both in-store and online as it claimed to have grown its market share for the 12th consecutive quarter.
Online sales via its website and app rose by 16.8% in the period, with trade driven by buoyant sales of beauty an -
Boots hails another quarter of growth thanks to robust online sales
Boots has seen its second-quarter sales rise 5.9%, on top of a 16% increase in the prior year quarter thanks to strong online trading and an “excellent” Christmas.
In the three months to 29 February, footfall at the health and beauty giant was up both in-store and online as it continued to grow its market share.
Online sales via its website and app also rose by 16.8% in the period, with trade driven by buoyant sales of beauty and personal care products.
Meanwhile, in-store sales incr -
Boots’ second quarter boosted by “excellent” Christmas and strong online growth
Boots has reported that its second-quarter sales have risen by 5.9% following an “excellent” Christmas and strong online trading. In the three months to 29 February,... View Article -
The Perfume Shop bolsters leadership team with two new female directors
The Perfume Shop has strengthened its leadership team with the appointment of two new female directors.
Karen Harris, the retailer’s head of marketing has been promoted customer director, and will be responsible for all areas of customer, loyalty, marketing and PR.
Meanwhile, head of digital Laura Wilkinson, will takeover as its new online business director.
Both will sit on the perfume retailer’s leadership team and support its commitment to develop opportunities and create “a -
How AI-led innovation can bring joy to the shopper experience
An absolute focus on improving the shopper experience is not anything new for retailers – it is what successful retailers have long focused on to drive loyalty and revenue. However, the improvements and capabilities offered by GenAI are reshaping retail. It is offering greater opportunities than ever to bring joy to the shopper experience to keep customers coming back for more, whether instore or online. The ease with which this can now be done is an exciting turning point for retailers.
S -
Quiz CEO exits amid strategic review as Cowgill takes on ‘more active role’
Quiz founder and chief executive Tarak Ramzan has stepped down from his post with immediate effect and non-executive chair, former JD Sport boss Peter Cowgill, has agreed to take on a “more active role” amid the retailer’s ongoing strategic review.
Ramzan will be succeeded by the fashion retailer’s chief operating officer Sheraz Ramzan, which the board claims will bring a “fresh approach” as it looks to return to profitable growth as sales continue to slow.
Th -
JD Sports maintains full year profit guidance
JD Sports is anticipating that its full-year pre-tax profit will be in line with expectations as it announced an uplift in annual sales. In a trading... View Article -
H&M postpones some spring/summer campaigns due to Red Sea crisis
H&M has pushed back some of its spring/summer campaigns due to the shipping delays caused by the ongoing conflict in the Red Sea.
The Swedish fashion giant’s chief executive Daniel Ervér told Reuters the extent of the delay would differ from country to country but could be postponed by around two weeks for some markets.
“We have made some short-term adaptation on the starting date and the launch date of campaigns,” he said, adding the impact on what is available to c -
H&M postpones some Spring/ Summer campaigns due to Red Sea crisis
H&M has pushed back some of its spring/ summer campaigns to adjust to the shipping delays caused by the ongoing conflict in the Red Sea.
The Swedish fashion giant’s chief executive Daniel Ervér told Reuters the extent of the delay would differ from country to country but could be postponed by around two weeks for some markets.
“We have made some short-term adaptation on the starting date and the launch date of campaigns,” he said, adding the impact on what is availab -
[Commentary] Can scrapping business rates revive UK retail?
By Vivienne King, Chair of the Shopkeepers’ Campaign It is impossible to read the news without seeing the latest election speculation or a reminder that the... View Article -
JD Sports flags ‘challenging’ market but maintains profit guidance
JD Sports has maintained its full-year profit guidance as it made “good strategic progress” despite the market “remaining challenging”.
Total sales for the sports giant edged up 3.6% to £10.5bn in the 53 weeks to 3 February, with like-for-likes up 4.2% and organic sales jumping 8.4%.
The retailer, which is dubbed the ‘King of Trainers’, reaffirmed the £915m to £935m adjusted pre-tax profit range that it guided at the start of the year, after -
Quiz chief executive steps down as strategic review continues
Quiz has confirmed that its chief executive and founder, Tarak Ramzan, has stepped down as it continues its strategic review. The fashion retailer has also announced... View Article -
Asda apologises as out-of-pocket staff brand ongoing pay fiasco ‘a disgrace’
Asda has issued an apology as some staff are still left waiting for their pay to be corrected after thousands of hourly workers were hit by a payroll glitch last week.
Workers complained to Retail Gazette that despite the issue being identified last week, they were still out-of-pocket, with some unable to pay their bills.
One employee said yesterday: “6 days in and my pay has still not be sorted it’s a disgrace!”
Another said: “Missing £827 from my wages. Rent -
AO raises profit outlook after returning to sales growth
AO has upgraded its profit guidance for the year as it returned to sales growth in its final quarter.
The online electricals retailer said full-year sales are expected to be at £1.04bn, which it said was boosted by AO.com returning to revenue growth in its fourth quarter “as expected”.
As a result, it said it expects adjusted pre-tax profit for the 12 months to 31 March to be “at least” at the top of the previously guided range of £28m to £33m.Subscribe -
AO raises profit forecast after returning to sales growth
AO has upgraded its profit guidance for the year as it returned to sales growth in its final quarter.
The online electricals retailer said full-year sales are expected to hit £1.04bn, which it said was boosted by AO.com returning to revenue growth in its fourth quarter “as expected”.
As a result, it said it expects adjusted pre-tax profit for the 12 months to 31 March to be “at least” at the top of the previously guided range of £28m to £33m.Subscribe to
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