Retail news

• Big Interview: Mike Beagley, CEO, Rodd & Gunn

  12-02-2020 16:44 via retailgazette.co.uk
  
  Just like Lorde and Lucy Lawless, New Zealand’s menswear retailer Rodd & Gunn stumbled upon success in the US, so it was about time it brought its hallmark style to the UK.
  “I didn’t even think we were going to be in the UK,” chief executive Mike Beagley told Retail Gazette, reflecting on the retailer’s launch in September with a store in London’s prestigious Mayfair district.
  “This has given us a lot more visibility, I’ve had a customer come i
  
  Read more

• $4bn Amazon stock offloaded by founder Jeff Bezos in a week

  12-02-2020 16:14 via chargedretail.co.uk
  
  Jeff Bezos has sold $4.1 billion (£3.16 billion) worth of Amazon shares in the past week marking the largest seven-day selldown by any billionaire executive on record.
  The online retailer’s founder and chief executive sold 2 million Amazon shares between January 31 and February 6, representing around four per cent of his holdings in Amazon according to Bloomberg.
  This is understood to be part of a pre-arranged trading plan, but marks a stark uplift in share sales from the billio
  
  Read more

• Shopify’s first quarterly profit sends shares to fresh highs

  12-02-2020 14:30
  Ecommerce group on track to triple its valuation within a year
  
  Read more

• “A relief & surprise” after better-than-expected dip in January footfall

  12-02-2020 13:31 via retailgazette.co.uk
  
  // January footfall in non-food stores dips 0.5% against the same month of last year
  // This follows a sharp drop in December, according to data from Ipsos Retail Performance
  // Original forecast for January was a fall of 1.9%The UK retail industry breathed a sigh of relief as new footfall figures for January indicate that the year-on-year decline is no where near as bad as originally feared.
  According to the latest Retail Traffic Index (RTI) from Ipsos Retail Performance, footfall in non-food s
  
  Read more

• Advertisement

• Argos warns shoppers of £500 Valentine’s Day scam

  12-02-2020 13:27 via retailgazette.co.uk
  
  // Argos warns customers about a scam text message being sent around
  // The text informs people that they’ve won a £500 shopping spree
  // It is designed to steal personal informationArgos has warned its shoppers of a new text message scam that sees fraudsters attempt to steal personal details.
  The message which informs people that they can claim a £500 prize, also invites the recipient to follow a link to claim the reward.
  The link, according to users on Twitter, directs t
  
  Read more

• Valentine’s Day spend set to disappoint, new research finds

  12-02-2020 12:47 via retailgazette.co.uk
  
  // Valentine’s Day shopping to gain mere rise in revenue this week
  // Shoppers feel restricted in their spending as confidence remains low
  // The food & drink sector remains “the greatest opportunity for retailers to entice spend”The Valentine’s Day shopping period is set to accumulate just over £1 billion in revenue this year in the UK, a mere 0.6 per cent rise on last year, new research found.
  Shoppers’ spend on this occasion “remains squeezed by l
  
  Read more

• Retail landlords go shopping for bankrupt chains

  12-02-2020 12:00
  Property companies coming to the rescue of struggling tenants sounds latest warning for retail
  
  Read more

• Landlords’ rescue of Forever 21 sounds warning bell

  12-02-2020 12:00
  Doubters question how property investors can turn round struggling retailers
  
  Read more

• Advertisement

• Landlords’ rescue of Forever 21 draws criticism

  12-02-2020 12:00
  Doubters question how property investors can turn round struggling retail sector
  
  Read more

• M&S hires ex-Miss Selfridge buyer as menswear buying director

  12-02-2020 11:59 via retailgazette.co.uk
  
  // M&S hires Alex Dimitriu as new head of menswear buying
  // Dimitriu previously served as senior buyer for M&S in 1998Marks & Spencer has reportedly hired the former Miss Selfridge buying and design director Alex Dimitriu as the new head of menswear buying.
  Dimitriu previously served as senior buyer for M&S in 1998, before being promoted to head of buying in 2013.
  She had been in her role at Miss Selfridge since March 2018, before working as womenswear director at New Look betwe
  
  Read more

• Pornhub to launch first ever pop-up store for Valentine’s Day

  12-02-2020 11:12 via chargedretail.co.uk
  
  Pornhub is launching its first ever physical pop-up store for Valentine’s Day in New York, selling a range of branded merchandise.
  The adult entertainment website’s debut pop-up store will operate in the city’s Lower East Side from February 13 to 14 and host guest appearances from brand ambassadors including Asa Akira, Rod Jackson and Ryan Creamer.Pornhub ARIA✔@PornhubVisit http://pornhub.com/valentines  to:-Get Free Premium all Day on the 14th-Visit our pop-up shop
  
  Read more

• Gucci owner says it’s “impossible” to assess coronavirus impact

  12-02-2020 10:08 via retailgazette.co.uk
  
  // French luxury group Kering said luxury sector has been affected by the coronavirus outbreak
  // The value of the FTSE 100 dropped £44bn last month and luxury retailers saw their shares dropGucci owner Kering has said it remains confident in its longer-term growth expectations despite “uncertain conditions” brought on by the coronavirus outbreak in China.
  The outbreak is expected to have an adverse affect on the luxury retail sector.
  Last year, Chinese buyers who shopped domes
  
  Read more

• Sainsbury’s launches new ‘On the Go’ concept store

  12-02-2020 09:59 via retailgazette.co.uk
  
  // Sainsbury’s unveils first On the Go city convenience store concept in London’s Square Mile
  // The new Mansion House store brings best of Sainsbury’s On the Go offer and seamless shopping for busy workers
  // Nine more Sainsbury’s Local stores will get makeover in the coming months to test the On The Go format furtherSainsbury’s has unveiled a brand new city convenience store concept known as On The Go, with plans already in the works to roll it out to other locati
  
  Read more

• Sainsbury’s Bank chairman Roger Davis steps down

  12-02-2020 09:34 via retailgazette.co.uk
  
  // Sainsbury’s Bank chairman Roger Davis to step down after nearly 7 years in the role
  // News comes less than a month after Sainsbury’s group CEO Mike Coupe announced his resignationSainsbury’s Bank chairman Roger Davis has notified the board of his plans to step down, after nearly seven years in the role.
  The banking division of the Big 4 grocer is now set to begin a search for a new chairman.
  The retailer added that further announcement regarding timings of Davis’ reti
  
  Read more

• Dunelm half year profits surge 20%

  12-02-2020 09:17 via retailgazette.co.uk
  
  // Dunelm continues to defy the gloom in UK retail by posting a major jump in profits
  // In the 6 months to December 28 sales jumped 6% to £585m, with pretax profits up 19.4% to £84.9m
  // Dunelm says profits for the year likely to be ahead of even the most positive predictions from analystsDunelm has revealed it was one of the big winners in UK retail as it continued to defy the gloom through tightening costs and boosting profits.
  As a result of the 19.4 per cent boost in pre-tax pro
  
  Read more

• Ikea brand owner appoints new CEO

  12-02-2020 08:52 via retailgazette.co.uk
  
  // Inter Ikea Holding CEO Torbjörn Lööf to step down and be succeeded by Jon Abrahamsson Ring
  // Ring currently leads the group’s franchising division, but at one point he was the PA to Ikea founder Ingvar Kamprad
  // Inter Ikea owns Ikea’s intellectual property & supply chain and is separate from Inkga Holdings, which owns the storesThe company that controls Ikea’s intellectual property and supply chain has appointed Jon Abrahamsson Ring as its new chief exec
  
  Read more

• Ocado upbeat despite losses

  12-02-2020 01:00 via theretailbulletin.com
  
  Ocado increased its revenue by 9.9% to £1.76 billion in the year to 31 December despite disruption caused by a fire at the retailer’s Andover customer... View Article
  
  Read more

• IKEA appoints new chief executive

  12-02-2020 01:00 via theretailbulletin.com
  
  IKEA chief executive Torbjörn Lööf is to step down and be succeeded by Jon Abrahamsson Ring. Ring currently leads the group’s franchising division. Having started his... View Article
  
  Read more

• Dunelm posts strong profit increase

  12-02-2020 01:00 via theretailbulletin.com
  
  Homewares retailer Dunelm increased its pre-tax profit by 19.4% to £83.6 million in the six months to 28 December. Like-for-like sales rose by 5.6% following a... View Article
  
  Read more

• Aures Case Study: Coffee #1 

  12-02-2020 01:00 via theretailbulletin.com
  
  “AURES was very responsive from the start, it is a very refreshing company to deal with. On the account management and project management side they were... View Article
  
  Read more

Follow @retailuknws on Twitter!