Retail news

• [ EVENT ] The Future of the High Street 2024

  15-05-2024 08:00 via theretailbulletin.com
  
  The past year has had a dramatic impact on the future physical retail landscape. Many consumers today will shop across both the digital realm and the... View Article
  
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• Mohamed Al Fayed’s victims call for Harrods boycott

  31-10-2024 18:56
  More than 400 alleged victims of ex-Harrods owner have come forward, lawyers for survivors’ group sayFormer Harrods staff who were sexually abused by Mohamed Al Fayed have called for a boycott of the luxury store as it was revealed that more than 400 victims of his predatory behaviour had come forward.Three victims of Fayed’s abuse posed with tote bags with the Harrods logo crossed out during a press conference by the Justice for Harrods Survivors group. Continue reading...
  
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• Everyday excess: what’s the deal with fashion’s obsession with supermarkets?

  31-10-2024 18:07
  
  In this week’s newsletter: From a bag riffing on Lidl’s all-butter croissant to a Moschino celery clutch, the industry has a soft spot for designs inspired by the ‘big shop’• Don’t get Fashion Statement delivered to your inbox? Sign up hereHave you ever felt more stylish than when popping out for a pint of semi-skimmed milk? No? Well, that is surprising – because supermarkets and their produce are one of fashion’s greatest muses. This week, Moschino
  
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• Shoplifter in UK banned from wearing wigs she used to disguise herself

  31-10-2024 13:57
  
  The 33-year-old had previously been banned by the Gloucester City Safe scheme from entering member shopsA shoplifter has been banned from wearing wigs after numerous attempts to disguise herself while committing thefts, police said.Hannah Roberts had donned a variety of headpieces to get around a shoplifting ban in Gloucester city centre. Continue reading...
  
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• EU launches action against shopping website Temu over illegal products

  31-10-2024 12:56
  Formal investigation opens amid concerns Chinese shopping website is breaching Digital Services ActBusiness live – latest updatesThe EU has launched formal proceedings against the Chinese shopping website Temu amid concerns it is failing to halt the sale of illegal products online.A formal investigation was opened on Thursday with the European Commission citing concerns over the platform, which is a cut-price rival to Amazon. Continue reading...
  
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• Jigsaw pulls in loss as marketing investments fall short

  31-10-2024 12:52 via retailgazette.co.uk
  
  Jigsaw swung into loss in its last financial year, as it was impacted by investments in brand marketing and people that failed to pay off.
  The fashion retailer made a pre-tax loss of £3.6m from a profit of £816,000 the year before. However, sales nudged up from just over £56m to £57m over the 12 months to the end of January.
  EBITDA also sunk to just £700,000 from £3.6m the year, which it said reflected increasingly difficult market conditions that emerged duri
  
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• Sainsbury’s sells Argos credit card portfolio in £720m deal

  31-10-2024 10:00 via retailgazette.co.uk
  
  Sainsbury’s has agreed to sell its Argos credit card portfolio NewDay Group as it continues to offload its banking services.
  The deal with the credit firm is expected to be worth £720m, in line with the expected net value of loan balances at the end of the first quarter next year when the deal will complete.
  The supermarket chain said the portfolio supported 20% of Argos sales and are used by some two million customers to manage the cost of their purchases. Related StorySainsbur
  
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• Superdrug pledges commitment to support young care leavers

  31-10-2024 09:45 via theretailbulletin.com
  
  Superdrug has set a goal for care leavers to make up 5% of its workforce by 2030 as it reinforces its commitment to support young people... View Article
  
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• Poundland increases range of products priced at £1 and below

  31-10-2024 09:43 via theretailbulletin.com
  
  Poundland is to increase the number of items available at £1 or below from around 1,000 to 1,500 in all its UK stores. From tomorrow, this... View Article
  
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• Ocado Group confirms Adam Warby as new chair

  31-10-2024 09:17 via retailgazette.co.uk
  
  Ocado Group has named Adam Warby, the chair of private equity giant KKR and executive search firm Heidrick & Struggles, as its new chair.
  Warby will join as an independent non-executive director at the business from 1 November, before assuming his role of chair on 1 December.
  He will take over from current chair Richard Haythornthwaite, who stepped into the role in January 2021.  Haythornthwaite is stepping down due to his “increasing commitment” as chair of NatWest Group. R
  
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• Poundland increases number of £1 products ‘in wake of Budget tax hikes’

  31-10-2024 09:09 via retailgazette.co.uk
  
  Poundland will increase the number of products priced at £1 or less from around 1,000 items to 1,500 across all of its UK stores.
  From tomorrow (1 November), the discount retailer will reduce essentials such as milk, bread, sugar and eggs to a locked price of £1.
  Additionally, it is introducing new £1 fresh produce stands across more than 520 of its UK stores, which will offer key items such as apples and oranges.
  Essential items at £1 include two litre milk, reduced from
  
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• Poundland increases number of £1 products across all stores

  31-10-2024 09:09 via retailgazette.co.uk
  
  Poundland is increasing its number of products priced at £1 or less from around 1,000 to 1,500 across all of its UK stores.
  From tomorrow (1 November), the budget retailer will reduce essentials such as milk, bread, sugar and eggs to a locked price of £1.
  Additionally, it is introducing new £1 fresh produce stands across more than 520 of its UK stores, which will offer key items such as apples and oranges.
  Essential items at £1 include two litre milk reduced from £1
  
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• Ocado appoints Adam Warby as new chair

  31-10-2024 09:06 via theretailbulletin.com
  
  Ocado Group has appointed technology veteran Adam Warby as its new chair. He will join the online grocer as a non-executive director on 1 November and... View Article
  
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• The Estée Lauder Companies appoints new president and chief executive

  31-10-2024 08:29 via theretailbulletin.com
  
  The Estée Lauder Companies has announced that Stéphane de La Faverie is being promoted to the position of president and chief executive officer. Due to take... View Article
  
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• [Whitepaper] Unlock Revenue Growth and Profitability

  31-10-2024 08:27 via retailgazette.co.uk
  
  In a challenging economy, making smart investments in technical solutions is essential. These solutions help you keep pace with competition, meet evolving consumer demands, and protect your budget.
  To help you make more informed decisions, we’ve created Unlock Revenue Growth and Profitability: how BigCommerce lowers your ecommerce total cost of ownership.
  This whitepaper contains practical advice and reliable data to help you lower your ecommerce TCO and increase your ROI.
  Inside thes
  
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• Uniqlo to open first store in Liverpool

  31-10-2024 07:42 via theretailbulletin.com
  
  Uniqlo is to open its first store in Liverpool at the city’s Liverpool ONE shopping destination. The Japanese fashion brand has taken a 25,000 square foot... View Article
  
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• John Lewis partners with Dunnhumby for improved insights platform

  31-10-2024 01:31 via retailgazette.co.uk
  
  John Lewis has launched a new improved insights platform for brands with marketing firm Dunnhumby, designed to help its partner brands improve the way they connect with shoppers.
  The John Lewis Partnership Insights Platform uses AI and business intelligence (BI) to provide detailed insight into brands’ performance and the wider category, the department store said.
  Following a pilot of the initiative earlier in the year, it is “delivering a more tailored and rewarding shopping experie
  
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• What the Budget means for retail: Costs to surge but rates reform on the cards

  31-10-2024 01:29 via retailgazette.co.uk
  
  Retailers are facing a significant jump in costs following a National Insurance and minimum wage hike unveiled in Chancellor Rachel Reeves’ Budget, the first by a Labour government in 14 years.
  The industry is set to pay an additional £2.3bn in National Insurance when the increase in employer contributions comes into force in April next year.
  Last week, M&S boss Stuart Machin hit out at the plans, which it said was “a tax with no link to profit which hits bigger employers l
  
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• What the Budget means for retail: Costs set to surge but business rates reform on the horizon

  31-10-2024 01:29 via retailgazette.co.uk
  
  Retailers are facing a significant jump in costs following a National Insurance and minimum wage hike unveiled in Chancellor Rachel Reeves’ Budget, the first by a Labour government in 14 years.
  The industry is set to pay an additional £2.3bn in National Insurance when the increase in employer contributions comes into force in April next year.
  Last week, M&S boss Stuart Machin hit out at the plans, which it said was “a tax with no link to profit which hits bigger employers l
  
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• Businesses warn that Labour’s £25bn ‘tax on jobs’ will hurt hiring

  30-10-2024 18:58
  
  Companies criticise rise in employers’ national insurance contributions
  
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• EU to pursue Temu for alleged sale of illegal products

  30-10-2024 17:36
  
  Consumer groups have raised concerns about toxic goods sold on platform
  
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• It’s my first Halloween in the UK for two decades – and my American children are not impressed | Emma Brockes

  30-10-2024 15:59
  Spending on costumes and treats has increased, but Britain isn’t showing quite the same commitment or creativityWhat are you going as, this Halloween? The discussion in our household starts in the spring, takes in many twists and reversals over the course of the summer, and usually settles towards the end of September. This year we have been through John Lennon, a clown, an Oompa Loompa and the blue astronaut from the video game Among Us, before settling on Willy Wonka (one child) and &ldq
  
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• Reeves extends rates relief for retail [Budget commentary]

  30-10-2024 14:20 via theretailbulletin.com
  
  Chris Brook-Carter, chief executive of retail industry charity Retail Trust: “Retail is the largest employer outside of the public sector so a healthy and happy retail workforce... View Article
  
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• Comment: Reactions to the budget from the retail sector

  30-10-2024 14:20 via theretailbulletin.com
  
  Here we give a round-up of reactions to today’s Autumn Budget statement. HELEN DICKINSON, CEO OF THE BRITISH RETAIL CONSORTIUM  Changes to business rates from 2025... View Article
  
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• [Budget Comment] Retail Trust

  30-10-2024 14:20 via theretailbulletin.com
  
  Chris Brook-Carter, chief executive of retail industry charity Retail Trust: “Retail is the largest employer outside of the public sector so a healthy and happy retail workforce... View Article
  
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• Watch: TK Maxx unveils Christmas 2024 ‘Festive Farm’ advert

  30-10-2024 13:35 via retailgazette.co.uk
  
  TK Maxx has unveiled its Christmas advert for 2024, featuring the return of its “Festive Farm”.
  The advert sees the retailer’s furry friends – the beret-wearing Lil’ Goat, bow tie-adorned Duck, cosy-sweatered Alpaca and bobble-hatted Hedgehog – wearing their designer Christmas gifts from the farmer and his wife, and strutting through the snow to the Eve and Gwen Stefani track Let Me Blow Ya Mind.The farmer asks his wife: “Did you buy all the farm designe
  
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• Asos launches subscription rental service with Hirestreet in biggest UK collaboration

  30-10-2024 13:28 via retailgazette.co.uk
  
  Asos has expanded its tie-up with Hirestreet to launch a new subscription rental service for shoppers in what it dubbed “the biggest retailer-rental collaboration the UK market has seen to date”.
  Hirestreet subscribers will be able to rent five garments per month for £75, and can choose from more than 20,000 Asos products.
  Asos and Hirestreet have previously collaborated on a rental service, last year available across 180 of the fashion giant’s womenswear products. Relate
  
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• Deichmann pulls in record UK sales despite ‘many challenges’ last year

  30-10-2024 13:18 via retailgazette.co.uk
  
  Deichmann pulled in its strongest ever UK sales in 2023, despite facing “many challenges” over the year.
  Revenue reached £139.1m at the footwear retailer’s UK arm, marking a 14% rise on 2022 levels.
  Online sales were also up 14% for the period, as Europe’s largest shoe retailer invested additional funds into marketing to improve brand awareness.
  Deichmann UK managing director Simon Wilson said: “2023 saw many challenges for Deichmann in the UK but also a lot o
  
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• Next profits poised to top £1bn for first time

  30-10-2024 09:48
  
  UK retail bellwether raises outlook for third time in three months on the arrival of colder weather
  
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• Next ups profit outlook as cold weather helps sales soar

  30-10-2024 09:22 via retailgazette.co.uk
  
  Next upped its profit guidance for the year again as sales jumped in its third quarter due to the early cold snap.
  Sales at the chain rose 7.6% from last year for the 13 weeks to 26 October,  2.6% above its guidance for the quarter.
  Next said the performance was driven by the early arrival of colder weather this year, versus an unusually warm September and early October last year.
  Total UK sales climbed 5.8% for the period, while total UK online revenues were up almost 8%. Related StoryAdid
  
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