Retail news

• Amazon rejoins $1tn club on blockbuster earnings

  31-01-2020 18:53
  Bezos empire alongside Apple and Microsoft after further share price gains
  
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• 5 Minutes With Phil Cody, Founder, Cody & Co

  31-01-2020 16:02 via retailgazette.co.uk
  
  Tell me a bit about the Cody & Co’s story.
  Cody & Co was founded and launched in 2018. After working in the footwear industry for 26 years, the prospect of developing my own brand was a long held ambition. Having made contact and established a working agreement with the factory in Sheffield, we spent the next 18 months researching and building the range and designing the website. The brand finally went live in October 2019.
  Who’s the “co” in Cody & Co?
  This is
  
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• Retail Gazette Loves: Harveys & Bensons for Bed’s campaign for mental health

  31-01-2020 15:26 via retailgazette.co.uk
  
  Harveys and Bensons for Beds have partnered with mental health charity Mind to create a number of campaigns to raise awareness and money for the cause.
  Mind offers millions of people advice, support, information and services nationally and locally, with an aim to improve the nation’s mental health.
  The charity’s ambition is to empower those living with mental health problems and make sure people get the support they need.
  “There are so many synergies between mental health and s
  
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• Friday Fun One: Missguided’s new “invisible” camo range

  31-01-2020 15:24 via retailgazette.co.uk
  
  Camouflage clothing has been a popular item in shoppers wardrobes recently, and Missguided took it to the next level.
  The online fashion retailer’s new camouflage line features models showing off the apparel to help shoppers literally blend in to their surroundings.The range includes camo trousers and camo outerwear.
  Many users took to Twitter to react to the shots of the new clothing items.Click here to sign up to Retail Gazette‘s free daily email newsletter
  The post Friday Fun One:
  
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• Vegan fashion to come under new '100% cruelty-free' guidelines

  31-01-2020 14:52
  
  Move by British Retail Consortium comes as demand for ethical products soarsNew guidelines have been set out by the retail business to ensure that vegan fashions are really 100% cruelty-free and environmentally friendly.The guidelines come at a time of soaring demand for vegan fashion from retailers ranging from specialist independent labels to Marks & Spencer, Topshop and New Look. However, the fashion industry is trailing behind supermarkets, where one in five of all new products launched
  
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• Vegan fashion to come under new '100% animal-free' guidelines

  31-01-2020 14:52
  
  British Retail Consortium’s move is response to soaring demand for ethical productsNew guidelines have been set out by the retail business to ensure that vegan fashions are really 100% free of animal products.The guidelines come at a time of soaring demand for vegan fashion from retailers ranging from specialist independent labels to Marks & Spencer, Topshop and New Look. However, the fashion industry is trailing behind supermarkets, where one in five of all new products launched last
  
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• Beales cuts 32 head office jobs as part of administration

  31-01-2020 13:33 via retailgazette.co.uk
  
  // Beales announces first round of cuts to jobs as administrators continue to try and save the business
  // Redundancies are mainly back-office support roles in Bournemouth HQ, which has 76 staff
  // Beales went into administration on January 20, placing more than a 1000 jobs at riskBeales’ administration has led to the first round of job cuts since the department store collapsed last week, affecting 32 staff members working in the head office.
  The staff affected are predominantly in back-of
  
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• South Wales village Treorchy nabs High Street of the Year award

  31-01-2020 13:03 via retailgazette.co.uk
  
  // Treorchy wins High Street of the Year category at the annual Great British High Street Awards
  // As part of its award victory, Treorchy wins £15,000 for the local community
  // The Rising Star of the Year award went to The Square, Kelso, in southern ScotlandThe Welsh village of Treorchy has been named the winner of the High Street of the Year category at the recent Great British High Street Awards.
  The village, located in South Wales in Rhondda Cynon Taf country withiin the Rhondda Fawr
  
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• Fenwick’s London flagship to create office space to raise revenue

  31-01-2020 12:20 via retailgazette.co.uk
  
  // Fenwick’s London flagship will convert some floorspace into offices as part of its efforts to raise revenue
  // The plans were approved by Westminster councilThe Fenwick flagship in London’s Bond Street has seen its plans to convert some of its floorspace into offices approved by Westminster council.
  The initiative is part of a plan to weather the crisis on the high street, with the council agreeing that shops are facing “exceptional” challenges.
  The changes involve the
  
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• Iceland to reduce plastic packaging in fruit & veg by 93%

  31-01-2020 12:03 via retailgazette.co.uk
  
  // Iceland has introduced a new trial which will see it remove 93% plastic packaging from fresh produce
  // The trial will begin this week across 38 fresh fruit & vegetable lines
  // Iceland has committed to removing all plastic packaging from own-label brands by end of 2023Iceland has revealed it will be reducing plastic packaging by 93 per cent across its range of fresh produce as part of a new trial.
  The frozen food retailer said 33 of its London and South East stores will include the trial
  
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• Aldi accused of “poverty porn” after #AldiPoorestDayChallenge sparks outrage

  31-01-2020 11:32 via chargedretail.co.uk
  
  Aldi has been accused of ‘poverty porn’ and has been hit by a major social media backlash after it challenged influencer to feed their family of four on £25 a week.
  The #AldiPoorestDayChallenge campaign was launched on Monday 24 January, which it says is officially the “poorest day of the year” as shoppers are hit with post-Christmas budget issues.
  Style Me Sunday blogger Natalie Lee was recruited by the German discounter to document her week feeding her family
  
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• Levi’s blames profit decline on “lack of benefit from Black Friday”

  31-01-2020 10:54 via retailgazette.co.uk
  
  // Levi’s profits down during fourth quarter
  // Net revenues of £1.1 billion) declined 2%
  // On an adjusted basis, profit was 26 cents a share, down from 30 cents a share a year agoLevi’s saw its profit drop during the fourth quarter and blamed the decline in sales on the lack of benefit from Black Friday.
  For the fourth quarter ended November 24, the retailer saw net revenues of $1.5 billion (£1.1 billion), but declined two per cent on a reported basis and were near
  
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• [Webinar] 2020’s most important marketing trends for retailers

  31-01-2020 10:34 via retailgazette.co.uk
  
  Is your marketing strategy ready for 2020?
  Join this webinar to discover what’s in store for ecommerce marketing and how to leverage key trends in the next 12 months and beyond.
  What you’ll learn:
  ● The biggest shifts in eCommerce – incl. sustainability, data protection and Amazon’s struggles.
  ● How they’ll impact your business.
  ● Actionable tips to set your brand up for success.
  Sign up for the on-demand webinar now!
  Watch the on-demand webinar
  &n
  
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• January consumer confidence given a “Boris bounce”

  31-01-2020 09:57 via retailgazette.co.uk
  
  // GfK’s long-running Consumer Confidence Index has increased two points to –9 for January
  // Four measures used to determine the overall index increased, while one measure decreased
  // However, the January index means it has remained in negative territory for the past four yearsConsumers enjoyed a small “Boris-bounce” following the Conservatives’ landslide General Election victory last month, according to a long-running survey.
  GfK’s Consumer Confidence Index
  
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• French Connection taken off market as sale fails

  31-01-2020 09:57 via retailgazette.co.uk
  
  // French Connection no longer searching for buyer
  // It will now focus on its turnaround strategy
  // French Connection first announced it was considering selling the company in October 2018French Connection has announced it is no longer searching for a buyer of the company, following a strategic review.
  The fashion retailer will now put its efforts into its turnaround strategy, which is centred on sizing, its wholesale customers, investment in its online platform and a range of other cost
  
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• Laura Ashley CEO Kwan Cheong Ng steps down

  31-01-2020 09:38 via retailgazette.co.uk
  
  // Laura Ashley CEO & executive director Kwan Cheong Ng to step down in April
  // He will remain on the fashion and lifestyle retailer’s board as a non-executive director
  // CCO Katharine Poulter has been promoted to CEO – effective from May 1Laura Ashley has announced that Kwan Cheong Ng will step down from his position as chief executive and executive director of the fashion and lifestyle retailer.
  His last day will be April 30, after which he will remain on Laura Ashley’
  
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• John Lewis customer director Craig Inglis to leave

  31-01-2020 09:24 via retailgazette.co.uk
  
  // John Lewis customer director Craig Inglis will leave the department store at the end of March
  // He joins John Lewis MD Paula Nickolds and Waitrose MD Rob Collins in a growing list of senior management departures
  // Inglis has been with John Lewis for 12 years and is credited for introducing the retailer’s famous Christmas advertsJohn Lewis customer director Craig Inglis is poised to step down from the department store, joining a growing list of senior management departures.
  Inglis is d
  
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• Amazon: Prime numbers 

  31-01-2020 04:41
  More subscribers means higher sales in multiple parts of the business
  
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• Retailers need to push good behaviour in forecasted tough 2020 online

  31-01-2020 01:00 via theretailbulletin.com
  
  Following the lowest year-on-year growth for online sales, as recorded by IMRG Capgemini in 2019, the forecasts for this year are only marginally better but there... View Article
  
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• Laura Ashley chief executive to step down

  31-01-2020 01:00 via theretailbulletin.com
  
  Laura Ashley’s chief executive Kwan Cheong Ng will step down at the end of April but will remain on the company’s board as a non-executive director.... View Article
  
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• French Connection drops sale plans

  31-01-2020 01:00 via theretailbulletin.com
  
  Fashion retailer French Connection has said it is no longer in a formal sales process and that it will now be focusing on completing its turnaround... View Article
  
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