Retail news

• Amazon ramps up cashier-less experiment with grocery store

  25-02-2020 18:56
  Seattle outlet forms part of expansion into brick-and-mortar shopping
  
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• Amazon opens first cashier-less grocery store

  25-02-2020 18:56
  Seattle outlet forms part of expansion into brick-and-mortar shopping
  
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• Hammerson to cut 2020 dividend as group shifts focus

  25-02-2020 17:51
  UK landlord reshapes portfolio in reflection of dire state of UK retail sector
  
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• Tesco puts 1,800 jobs at risk as it scales down in-store bakeries

  25-02-2020 16:31
  
  Supermarket says shoppers are buying fewer loaves and opting for wraps and bagels insteadMore than 1,800 jobs are at risk at Tesco, after the retailer said it would cut staff at its large in-store bakeries to adapt to changing consumer tastes.The supermarket chain said it would do less baking from scratch in stores from May onwards, and would require fewer bakery staff as a result. Continue reading...
  
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• Does sex still sell in retail?

  25-02-2020 16:30 via retailgazette.co.uk
  
  Retailers have long used sexually provocative adverts to appeal to consumers, with the likes of Victoria’s Secret and PrettyLittleThing not any making secrets in their marketing strategies take advantage of the “sex sells” notion.
  However, the line between the empowerment and the objectification has proved a difficult one for retailers to distinguish, and so to play it safe, many have turned down the heat. Does this mean retailers are rethinking their sexual advertising strateg
  
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• 1816 jobs at risk as Tesco plans to transform its bakeries

  25-02-2020 15:46 via retailgazette.co.uk
  
  // Tesco to transform its bakeries in large stores from May
  // The decision puts 1816 jobs at risk
  // Tesco aims to remain relevant with this new initativeTesco has announced plans to transform its bakeries in large stores from May in a bid to remain relevant for customers, after noticing a “big shift” in consumer preferences.
  The initiative comes after the grocer found that customers are purchasing fewer traditional loaves of bread and are increasingly looking for a wider range of o
  
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• MPs urge government to take retail crime more seriously

  25-02-2020 15:05 via retailgazette.co.uk
  
  // MPs respond to a government consultation on violence & abuse towards retail staff
  // MPs urged the Home Office and Ministry of Justice to take retail crime more seriouslyCriminals have been encouraged to target shops due to the government’s apparent failure to treat retail offences seriously, ministers have been warned.
  Conservative MP Laurence Robertson highlighted concerns of shopkeepers as he urged the Ministry of Justice and Home Office to make sure it is regarded as a serious m
  
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• Castore picks Liverpool for second store

  25-02-2020 12:18 via retailgazette.co.uk
  
  // Castore picks Liverpool One for 2nd bricks-and-mortar store and the first one outside of London
  // Liverpool is also the location of Castore’s HQ and where co-founders Tom & Phil Beahon grew up
  // Castore’s Liverpool store will open April 10Online retailer Castore has picked Liverpool as the location of its second bricks-and-mortar store and the first one outside of London.
  The north west city also doubles up as the location of Castore’s headquarters, and is where brothe
  
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• Seasalt crosses the pond after striking deals with 150 boutiques

  25-02-2020 11:17 via retailgazette.co.uk
  
  // Seasalt books deals with 150 US independent fashion boutiques
  // Seasalt recorded a 43% rise in international sales for the 5 weeks to January 4Seasalt has struck deals with 150 independent fashion boutiques in the US, which will see it take its stores across the pond.
  The boutiques are across 29 states, with a focus on the east coast.
  The news comes after Seasalt recorded a 43 per cent rise in international sales for the five weeks to January 4.READ MORE:Big Interview: Laura Watson, Chief Cr
  
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• 66% of products bought on Amazon, Ebay, Wish and AliExpress fail safety tests

  25-02-2020 11:03 via chargedretail.co.uk
  
  Two out of every three products bought on Amazon, Ebay, AliExpress and Wish failed to to pass relevant safety tests, according to Which?
  Of the 250 products the consumer watchdog tested, some 165 (66 per cent) failed standard safety tests.
  Many of the items that failed safety tests were directly responsible from preventing harm to users including bike helmets and smoke alarms that couldn’t detect smoke or carbon monoxide.
  Other items posed their own safety risks such as Christmas lights th
  
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• Hotel Chocolat revenue smashes £90m thanks to new stores

  25-02-2020 10:11 via retailgazette.co.uk
  
  // Hotel Chocolat posts “strong” half-year sales which CEO Angus Thirwell attributed to a “wider variety of sales channels”
  // Revenue rose 14% to £91.7 million
  // Pre-tax profits increased 7% to £14.9 millionHotel Chocolat has recorded “strong” half-year sales thanks to new store openings in the UK and internationally.
  In the 26 weeks to December 29, the confectionery retailer saw its revenue rise 14 per cent to £91.7 million.
  Pre-tax profit
  
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• Ted Baker puts London HQ on sale to shore up cash

  25-02-2020 09:58 via retailgazette.co.uk
  
  // Ted Baker mulls selling off its Ugly Brown Building HQ in London
  // Embattled fashion retailer reportedly in talks to offload it to British Airways’ pension scheme
  // Sale expected to raise tens of millions of pounds for the fashion retailer, which has been rocked by an accounting crisisTed Baker is reportedly in talks to offload its London headquarters to British Airways’ pension scheme in a bid to raise cash after being rocked with an accounting crisis.
  According to Sky New
  
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• Tesco sells 20% share in Chinese joint venture for £275m

  25-02-2020 09:49 via retailgazette.co.uk
  
  // Tesco sells 20% share of joint venture in China for £275m
  // A joint venture with China Resources Holdings, Gain Land was first established in 2014, with Tesco taking the minority stakeTesco has sold its 20 per cent share of a joint venture in China to a unit of its partner China Resources Holdings (CRH) for £275 million, establishing its exit from the country.
  The grocer entered the Gain Land joint venture with CRH in 2014, when it began its retreat from China.
  It combined Tesco&
  
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• Hammerson full year loss balloons to £573.8m

  25-02-2020 09:33 via retailgazette.co.uk
  
  // Hammerson’s full year pre-tax loss widens from £173.3m to £573.8m
  // However, adjusted profits slipped 10.9% to £214m, as it received significantly lower rental income
  // Earnings also impacted by disposals programme, which generated £542m during the year, surpassing its £500m targetHammerson has seen its losses deepen dramatically as the retail property firm sold off sites to boost its balance sheets.
  The shopping centre owner dived to a £573.8 milli
  
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• Sainsbury’s hires new online boss for Tu clothing

  25-02-2020 09:08 via retailgazette.co.uk
  
  // Jessica Brown appointed head of ecommerce for Sainsbury’s Tu clothing label
  // She will be joining from Amazon, where she has spent nine yearsSainsbury’s has reportedly hired Jessica Brown as the head of ecommerce for its Tu clothing label.
  Brown will be making the move from Amazon, where she has spent nine years, joining as head of fashion in 2011 before working her way up to principal product manager for Alexa since January 2018.
  She also starts at Tu after the Big 4 grocer&rsqu
  
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• TikTok – should retailers and brands be prepared or scared?

  25-02-2020 01:00 via theretailbulletin.com
  
  The last 12 months have seen a number of social media giants take the leap and enter the ecommerce market in a bid to expand their... View Article
  
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• Primark posts sales increase but warns of risk to supply chain due to coronavirus

  25-02-2020 01:00 via theretailbulletin.com
  
  First half sales at Primark are expected to be 4.2% ahead of last year at constant currency and 2.5% ahead at actual exchange rates. The fashion... View Article
  
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• Primark posts sales increase but warns of coronavirus risk to supply chain

  25-02-2020 01:00 via theretailbulletin.com
  
  First half sales at Primark are expected to be 4.2% ahead of last year at constant currency and 2.5% ahead at actual exchange rates. The fashion... View Article
  
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• Hotel Chocolat posts uplift in sales and profit

  25-02-2020 01:00 via theretailbulletin.com
  
  Hotel Chocolat increased its pre-tax profit before IFRS 16 by 7% to £14.9 million in the six months to 29 December. In addition, revenue climbed by... View Article
  
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• Gerry Weber appoints interim chairman

  25-02-2020 01:00 via theretailbulletin.com
  
  Women’s fashion brand Gerry Weber has appointed Alexander Gedat as interim chairman following the resignations of Johannes Ehling as spokesman of the board and Urun Gursu... View Article
  
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• Future of Retail Intelligence Report 2020

  25-02-2020 01:00 via theretailbulletin.com
  
  Geoblink surveys 600 retailers and 600 consumers to answer the following question: Are retailers giving consumers what they want? Geoblink, the Location Management platform, announces today... View Article
  
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