Retail news

• Macy’s shares drop after S&P downgrades to junk

  18-02-2020 20:16
  Rating agency cites turnround risks while retailer grapples with industry upheaval
  
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• Asda's Christmas sales slide as shoppers rein in spending

  18-02-2020 19:36
  
  Retailer blames challenging conditions for 1.3% fall in total sales, excluding petrolSales slipped at Asda in the final three months of last year after customers cut back on spending in the run-up to Christmas.The supermarket chain’s clothing line, George, was hit particularly hard. Its food business proved more resilient, with sales of its Extra Special range growing 5% year-on-year. However, this was not enough to stop a 1.3% fall in total sales, excluding petrol.What’s the problem
  
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• How high street book retailers continue to dominate ebooks

  18-02-2020 17:51 via retailgazette.co.uk
  
  While many department stores and fashion retailers desperately search for ways to appeal to customers, bookstores are somehow attracting large troops with little effort.
  Digital media may continue to disrupt retail and the media, music and entertainment industries, but research suggests that its impact on book retailing specifically seems to have climaxed. With consumers still showing a clear appreciation of physical books, does this mean the era of ebooks is over?
  “The book remains a wond
  
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• How to save Laura Ashley: relaunch all its beautiful vintage dresses

  18-02-2020 17:17
  
  The struggling fashion house is in crisis because its current collections don’t appeal. It needs to raid its back catalogue to please its admirers – and surviveIn the City, shares in Laura Ashley – which is seeking a bailout – are plummeting – but if you head a little further south, to Kent, the brand’s value seems to be at an all-time high. In my favourite vintage clothing shop, Madam Popoff’s of Margate, there is such demand for Laura Ashley pieces tha
  
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• Walmart disappoints with weak Christmas sales

  18-02-2020 16:43
  Figures raise new concerns about the state of US retailing
  
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• Storms Ciara & Dennis leave big dents on UK retail footfall

  18-02-2020 15:22 via retailgazette.co.uk
  
  // Two major storms this month dent UK retail footfall, says Ipsos Retail Performance
  // Storm Ciara saw retail footfall down 15.3% on weekend of February 8-9
  // Storm Dennis, which hit the following weekend of February 15-16, dented footfall even more with a 16.3% dropNew data has suggested that February’s overall figures are in for a challenge as the storms that battered the UK over the last two weekends kept shoppers off the high street.
  According to Ipsos Retail Performance, Storm Ciar
  
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• PrettyLittleThing donates profits to charity in support of Caroline Flack

  18-02-2020 14:46 via retailgazette.co.uk
  
  // PrettyLittleThing and In The Style are donating profits to mental health charity following Caroline Flack’s death
  // In The Style launched a limited-edition “Be Kind” tshirt – inspired by Flack’s Instagram post in DecemberPrettyLittleThing has revealed it is among the retailers donating profits to mental health charities this week, following the suicide of TV presenter Caroline Flack.
  The online fashion retailer is donating 100 per cent of its profits from its la
  
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• Asda hit by 1.3% like-for-like decline in “golden quarter”

  18-02-2020 13:28 via retailgazette.co.uk
  
  // Asda posts 1.3% decline in like-for-like sales in the “golden quarter” ending December 31
  // The Big 4 grocer said its food business was stable but trading in its clothing arm was challengingAsda has blamed a sales slump during the most critical trading quarter of the year on “challenging market conditions” and “cautious” customer mind set.
  For the Big 4’s fourth quarter ending December 31, known industry-wide as the “golden quarter since it inc
  
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• Buck Street Market signs four new retailers ahead of grand opening

  18-02-2020 13:08 via retailgazette.co.uk
  
  // Buck Street Market signs on four new retailers to join eco-friendly line-up of 80 businesses
  // Buck Street Market is near Camden Market in North London, and will open early March
  // The four new retailers joining are Londonworks, Sweyn Forkbeard, Dress Up Baby & To Home From LondonBuck Street Market has announced the signing of four new retailers joining the scheme, as the North London shopping destination readies itself for the grand opening next month.
  The latest retailers joining the
  
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• Walmart disappoints with weak sales volumes over Christmas

  18-02-2020 13:07
  Figures from world’s top retailer under scrutiny for slowdown signs in US consumer spending
  
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• The beginner’s guide to card-linked loyalty

  18-02-2020 13:00 via retailgazette.co.uk
  
  Finding the right fit for your business
  Customer loyalty can be hard to get right.
  We see businesses struggling with the same issues time and again, from accessing data to delivering a seamless experience.
  Card-linking can help.
  Read the beginner’s guide to card-linked loyalty to find out:What data you really need and where to get it
  How to get great offer content in front of customers, both online and in-store
  Why reducing friction is critical and how to do itRead the eBook
  The post
  
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• Zero-waste online grocery service Loop to launch in UK next month

  18-02-2020 12:22 via chargedretail.co.uk
  
  Zero-waste shopping service Loop, which delivers branded items in refillable containers is set to launch in the UK next month.
  Loop will partner with the UK’s largest supermarket Tesco next month, allowing customers to order their favourite brands to their door in packaging specially designed for reuse.Once the items have been used customer can schedule a pickup time and Loop will collect the containers for free and clean them using “state of the art technology”.
  Loop also allo
  
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• Castore secures £7.5m to fund expansion

  18-02-2020 12:00 via retailgazette.co.uk
  
  // Castore raises £7.5m to fund move into professional football
  // The online premium sportswear retailer backed by private investors to finance expansion in team sportsCastore has raised £7.5 million from undisclosed private investors to help expand its range into professional team sports kit and footwear as well as accelerate international growth.
  The online retailer, which specialises in premium sportswear, said it would leverage its expertise in technology driven product developm
  
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• Apple issues financial alert as outbreak hits supply chain

  18-02-2020 11:37 via chargedretail.co.uk
  
  Apple has issued a financial alert warning that it will not meet revenue guidance for its current quarter as the coronavirus continues to severely impact Chinese industry.
  The iPhone maker said that although none of its key manufacturing plants were in Hubei province, where the outbreak began, it was “experiencing a slower return to normal conditions than we had anticipated” elsewhere.
  This is expected to “temporarily constrain” the worldwide supply of iPhones and lead th
  
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• The Food Warehouse enters Northern Ireland with new flagship

  18-02-2020 09:49 via retailgazette.co.uk
  
  // The Food Warehouse has opened its first store in Northern Ireland
  // The new store is in Longwood Retail Park, Newtownabbey County Antrim
  // Icelend, which owns The Food Warehouse, invested £1m into the flagship and created 30 jobsThe Food Warehouse has entered Northern Ireland for the first time with the opening of a flagship in County Antrim that has created 30 new jobs.
  Located in Longwood Retail Park, Newtownabbey, parent company Iceland invested close to £1 million for the ne
  
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• Burberry to launch carbon neutral fashion show for “sustainable future”

  18-02-2020 09:47 via retailgazette.co.uk
  
  // Burberry to launch a carbon neutral autumn/winter 2020 fashion show
  // It will reduce the carbon emissions tied to the fashion event
  // Burberry’s new regeneration fund will support a range of carbon insetting projectsBurberry has confirmed its autumn/winter 2020 fashion show will be certified as carbon neutral in a bid to tackle climate change.
  The luxury retailer has been working to reduce the carbon emissions linked to the event.
  It is also introducing a regeneration fund to support
  
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• Winter floods impact Angling Direct profits despite “strong growth”

  18-02-2020 09:06 via retailgazette.co.uk
  
  // Angling Direct reports sales increase despite “disappointing” post-Christmas trading
  // It expects a 26.5% revenue increase for the year to January 31
  // Online sales rose thanks to improved websiteAngling Direct has revealed a sales increase both in-store and online, despite the winter floods affecting its financial performance.
  The fishing retailer now expects to report a 26.5 per cent increase in revenue for the year to January 31.
  Store sales rose by 41.3 per cent to £27
  
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• Winter flooding impacts Angling Direct profits despite “strong growth”

  18-02-2020 09:06 via retailgazette.co.uk
  
  // Angling Direct reports sales increase despite “disappointing” post-Christmas trading
  // It expects a 26.5% revenue increase for the year to January 31
  // Online sales rose thanks to improved websiteAngling Direct has revealed a sales increase both in-store and online, despite the winter flooding affecting its financial performance.
  The fishing retailer now expects to report a 26.5 per cent increase in revenue for the year to January 31.
  Store sales rose by 41.3 per cent to £
  
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• Amazon boss Jeff Bezos pledges £7.7bn to fight climate change

  18-02-2020 08:40 via retailgazette.co.uk
  
  // Jeff Bezos pledges £7bn to counter climate change effects
  // He will fund scientists, activists and non-profit organisationsAmazon founder and chief executive Jeff Bezos has said he will commit $10 billion (£7.7 billion) of his personal wealth to fund scientists, activists, nonprofits and other groups fighting to protect the environment.
  Bezos, who founded the tech giant back in 1995, has an Amazon stake worth $100 billion (£76.9 billion) alone.
  He told followers on Instagra
  
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• Hammerson appoints Simon Betty as manging director for city quarters and developments

  18-02-2020 01:00 via theretailbulletin.com
  
  Hammerson has appointed Simon Betty to the newly created role of managing director of city quarters and developments. Currently working as retail director for Ireland within... View Article
  
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• Burberry autumn/winter fashion show to be carbon neutral

  18-02-2020 01:00 via theretailbulletin.com
  
  Burberry has announced that its autumn/winter 2020 fashion show will be certified as carbon neutral. The luxury brand has been working to both reduce and offset... View Article
  
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• Boux Avenue launches new campaign

  18-02-2020 01:00 via theretailbulletin.com
  
  Lingerie brand Boux Avenue has launched a new campaign called ‘Your Shape, Your Style’. Focusing on a theme of female empowerment, the campaign features editorial style... View Article
  
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• Angling Direct reports uplift in full year revenue

  18-02-2020 01:00 via theretailbulletin.com
  
  Angling Direct has said it expects to report a 26.5% increase in revenue for the year to 31 January after it grew its sales both in-store... View Article
  
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• Angling Direct posts 26.5% uplift in full year revenue

  18-02-2020 01:00 via theretailbulletin.com
  
  Angling Direct has said it expects to report a 26.5% increase in revenue for the year to 31 January after it grew its sales both in-store... View Article
  
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