Retail news

• Boux Avenue hires Deloitte advisers to consider store closures

  24-02-2020 16:31 via retailgazette.co.uk
  
  // Boux Avenue has hired Deloitte advisers to begin strategic review
  // The advisers will launch an insolvency process in a bid to close stores
  // Boux Avenue has around 30 stores across the UKBoux Avenue has appointed restructuring experts to begin a strategic review of the business.
  The lingerie retailer has drafted in advisers from Deloitte to launch the insolvency process in a bid to close stores.
  A decision from the review will be taken in a couple of weeks, The Sunday Times reported.R
  
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• Big Interview: Aaron Sanandres, CEO, Untuckit

  24-02-2020 16:25 via retailgazette.co.uk
  
  When Untuckit was born in 2011, it did more than help customers “find the perfect shirt” – it also helped escalate the growing fashion trend of the untucked shirt.
  Eight years later, the retailer has finally crossed the pond, launching two 1600sq ft stores in London: one in Covent Garden and another in Westfield London shopping centre.
  “Our incentive to launch Untuckit was to help shoppers who had trouble finding a shirt that looked good untucked,” chief executive A
  
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• Amazon accounts for 14% of all UK online menswear spend as it challenges Asos

  24-02-2020 15:33 via chargedretail.co.uk
  
  Amazon is forecast to have accounted for more 13.8 per cent of all online menswear sales in 2019 as analysts warn of its growing dominance in fashion.
  GlobalData’s latest report Online pureplays in UK Clothing & Footwear 2019-2024 warned that Amazon’s rapid growth in the sector is a cause for concern for both pureplay online fashion retailers and multichannel fashion retailers who are “lagging behind”.
  According to the report Amazon grew 20.7 per cent in the
  
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• TJ Hughes owner to appoint administrators

  24-02-2020 15:22 via retailgazette.co.uk
  
  // TJ Hughes owner to appoint administrators for its outlet business
  // Two stores have been saved from administration on Monday
  // The company is thought to be negotiating rent reductions with landlordsTJ Hughes’ owner Lewis’s Home Retail (LHR) Holding, which also owns Paul Simon Curtain Superstores outlet divisions, has filed notice that it will appoint administrators for its outlet business.
  This initially included eight stores under the TJ Hughes and Paul Simon Curtain fascias.
  H
  
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• Lidl introduces packaging plastic recycled from ocean-bound waste

  24-02-2020 13:04 via retailgazette.co.uk
  
  // Lidl will next month launch food packaging using ocean bound plastic collected from South East Asia
  // Initiative will prevent over 60 tonnes of plastic from entering the ocean per year
  // New packaging will be rolled out across 13 fresh fish products including white fish and salmonLidl is poised to launch new packaging using plastic that would have otherwise ended up in the ocean, collected from beaches and coastline around South East Asia.
  The German grocer said it is the first UK grocer to
  
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• Ebay close to selling $10 billion classified-ads business

  24-02-2020 11:18 via chargedretail.co.uk
  
  Ebay has seen its share price jump more than two per cent after reports emerged that it was in talks with multiple parties regarding the sale of its classified-ads business.
  According to a report from The Wall Street Journal its classified-ads business, which primarily operates internationally, could be sold for up to $10 billion (£7.8 billion).
  Ebay has reportedly begun reaching out to a range of potential buyers, while major private equity firms including TPG and Blackstone Gro
  
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• Primark owner says coronavirus threatens clothing supplies

  24-02-2020 11:09
  
  Shares in ABF’s clothing rivals Next and Marks & Spencer fall amid concerns over virusCoronavirus - live updatesPrimark owner Associated British Foods has warned there is a risk of shortages of some clothing lines later this year if delays in factory production in China are prolonged because of the coronavirus.The virus has killed more than 2,400 and infected more than 77,000 people in China, and slowed growth in the world’s second largest economy.The World Health Organization is
  
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• Lululemon is “confident” despite coronavirus causing Chinese store closures

  24-02-2020 10:51 via retailgazette.co.uk
  
  // Lululemon remains “confident” about its growth in China despite coronavirus outbreak
  // The majority of Lululemon’s 38 stores in China closed on February 3Lululemon has said it is “confident” about its long-term opportunities in China despite the coronavirus outbreak resulting in most of its stores closing down in the country.
  The sportswear retailer is working closely with local authorities to prioritise the safety of its colleagues and visitors in China.
  F
  
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• Lululemon “confident” despite coronavirus causing Chinese store closures

  24-02-2020 10:51 via retailgazette.co.uk
  
  // Lululemon remains “confident” about its growth in China despite coronavirus outbreak
  // The majority of Lululemon’s 38 stores in China closed on February 3Lululemon has said it is “confident” about its long-term opportunities in China despite the coronavirus outbreak resulting in most of its stores closing down in the country.
  The sportswear retailer is working closely with local authorities to prioritise the safety of its colleagues and visitors in China.
  F
  
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• Prada hires ex-Calvin Klein CCO Raf Simons as co-creative director

  24-02-2020 10:25 via retailgazette.co.uk
  
  // Prada hires Raf Simons as co-creative director
  // Simons left his role as CCO at Calvin Klein after 2 years in December 2018Prada has appointed Raf Simons as the co-creative director in a move which the retailer hopes will attract new generations of luxury shoppers.
  The appointment also ends speculations as to who will succeed Miuccia Prada, head designer of Prada and founder of its subsidiary Miu Miu.
  Simons, who was Calvin Klein’s first-ever chief creative officer, left his role
  
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• New John Lewis boss Sharon White hints at adjustments to restructure

  24-02-2020 10:04 via retailgazette.co.uk
  
  // John Lewis Partnership’s new chair Sharon White hints at making adjustments to predecessor’s restructuring plans
  // When Sir Charlie Mayfield’s plan was launched in October, the firm said that White concurred with it
  // White now hints at making adjustments, although she agreed the “Future Partnership” structure is right for the businessThe new chair of John Lewis Partnership has hinted she could make some adjustments to the firm’s restructuring plan launch
  
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• Tesco launches own-brand plasters to match different skin tones

  24-02-2020 09:59 via retailgazette.co.uk
  
  // Tesco introduces plaster range to suit different skin colours
  // The plasters are sold in light, medium and dark shades
  // Tesco acknowledged the initiative as an “important step”Tesco has launched a range of plasters to match different skin tones in a bid to pressure other retailers into following suit.
  The plasters are sold in light, medium and dark shades, and are on sale in all 741 Tesco stores nationwide as well as online.
  Tesco, which has claimed to be the first UK retailer
  
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• Primark owner issues supply warning from coronavirus amid sales growth

  24-02-2020 09:35 via retailgazette.co.uk
  
  // AB Foods warns of risk of supply shortages if factory delays in China caused by coronavirus are prolonged
  // However, it said Primark was “well stocked with cover for several months” & does not expect any “short-term impact”
  // Primark half-year sales 4.2% higher year-on-year, but down 1.3% in like-for-likes, amidst recent site expansionsPrimark parent company AB Foods has warned there is a risk of supply shortages on some lines later in the year if factory delays
  
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• Taxpayers foot bill for retail insolvency payouts

  24-02-2020 09:20 via retailgazette.co.uk
  
  // £346.1m paid out by The Insolvency Service to former staff of businesses that ran into trouble last year
  // The cost of payouts to redundant staff jumped 16% and is the highest in 7 years
  // The recent raft of retail insolvencies contributed to the increaseTaxpayers picked up the bill for a wave of insolvencies last year, with the cost of payouts to redundant staff jumping by 16 per cent.
  A total of £346.1 million was paid out by The Insolvency Service to former employees of busin
  
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• Waitrose rated the best grocer, Asda the worst – Which?

  24-02-2020 09:02 via retailgazette.co.uk
  
  // Waitrose rated the best supermarket by Which?
  // M&S Food and Aldi rounded out the top 3, while Asda rated the worst
  // The UK grocers were scored and ranked after a survey of more than 14,000 consumersWaitrose has been rated as the best in-store supermarket in the UK while Asda was rated the worst, according to Which?’s annual satisfaction survey.
  The consumer lobby group’s survey of more than 14,000 members found that Waitrose scored five stars in almost every category, alth
  
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• Getting to the Kernel of the issue with a £995 Loaf table

  24-02-2020 08:00
  
  Description said it was solid wood but it turned out to be a lump of plywood with a thin layer of ashI purchased a Kernel extendable table from online store Loaf. I paid £995 plus £39 for delivery. It was described as solid ash yet it turned out to be a large piece of plywood with a thin (5-6mm) layer of ash. The company offered an exchange for another table or a refund. But what galls me is that they’ve been advertising it as solid. I would never have chosen it had I known how
  
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• Tesco launches range of plasters to match different skin tones

  24-02-2020 01:01
  
  Supermarket’s own-brand product available in light, medium and dark shadesThe UK’s largest retailer Tesco is introducing a range of plasters to match different skin colours and better reflect racial and ethnic diversity.In a supermarket first, its new own-brand fabric plasters, available in light, medium and dark shades, go on sale in all 741 Tesco stores nationwide and online from Monday. Continue reading...
  
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• Prada appoints Raf Simons as co-creative director

  24-02-2020 01:00 via theretailbulletin.com
  
  Luxury brand Prada has announced that Raf Simons will be joining the business as co-creative director. Due to take up his position on 2 April, he... View Article
  
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• Lululemon remains confident about China growth

  24-02-2020 01:00 via theretailbulletin.com
  
  Sportswear brand Lululemon has said it remains confident about its long-term opportunities in China despite the closure of most of its stores in the country due... View Article
  
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• Lidl to launch packaging that makes use of ocean bound plastic

  24-02-2020 01:00 via theretailbulletin.com
  
  Lidl is to become the first UK supermarket to launch new packaging that makes use of ocean-bound plastic. Collected from beaches and coastline around South East... View Article
  
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• Joules to join line-up at The Boulevard

  24-02-2020 01:00 via theretailbulletin.com
  
  Joules has become the first retailer of 2020 to sign up for a store at The Boulevard designer outlet centre. The lifestyle clothing brand will open... View Article
  
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• Clubs to Hire launches loyalty scheme

  24-02-2020 01:00 via theretailbulletin.com
  
  Golf club rental company Clubs to Hire has launched a new points-based loyalty scheme. The company said the number of points earned will depend on the... View Article
  
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• Are you attending The Future of Retail Marketing?

  24-02-2020 01:00 via theretailbulletin.com
  
  Do you want to discover what’s next for the future of retail marketing? Would you like to find out what other retailers are doing to attract... View Article
  
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