Retail news

• Coronavirus makes Flybe's case for a bailout look even weaker | Nils Pratley

  04-03-2020 21:35
  
  If even a £100m loan wouldn’t be enough to save the UK airline why hand it over?If you want a £100m loan from the government to keep flying, make sure your case is transparent and solid. Flybe’s pleas, sadly, seemed to fail on both scores.The company’s possible collapse creates a headache for ministers since the airline operates almost 40% of UK domestic flights and employs more than 2,000 people, but it’s hard to save a company when the owners haven’t o
  
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• Coronavirus makes Flybe's case for a bailout look even weaker

  04-03-2020 21:35
  
  If even a £100m loan wouldn’t be enough to save the UK airline why hand it over?If you want a £100m loan from the government to keep flying, make sure your case is transparent and solid. Flybe’s pleas, sadly, seemed to fail on both scores.The company’s possible collapse creates a headache for ministers since the airline operates almost 40% of UK domestic flights and employs more than 2,000 people, but it’s hard to save a company when the owners haven’t o
  
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• Metro AG/Sysco: has cash, could carry

  04-03-2020 18:46
  German retail group would help US food distributor broaden footprint in Europe
  
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• Indie Corner: Bene Culture

  04-03-2020 18:12
  
  Nestled in the creative district of Digbeth, Birmingham’s Bene Culture is an independent retailer that has managed to put itself on the map as a leader of streetwear outside London.
  Founded in 2015 as a concept store and inspired by the streetwear movement in the late 1990s and early 2000s, Bene Culture prides itself on providing a platform for community, culture and creatives – hosting events with local artists and housing independent brands as well as its own range.
  “Whilst w
  
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• Pandora axes 180 office jobs amid turnaround

  04-03-2020 17:37
  
  // Pandora cuts 180 jobs as part of major reshuffle
  // The job cuts affect its 3 regional offices as part of a strategic global reorganisation into 10 clusters
  // It forms part of Pandora’s wider turnaround scheme and the new structure takes effect April 2Pandora it set to slash 180 jobs from its three regional offices for a strategic global reorganisation as part of its wider turnaround scheme.
  The Danish jewellery retailer said the job cuts will come about after it reorganises its intern
  
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• 4 Critical Steps To E-Commerce Success

  04-03-2020 15:00
  
  As e-commerce continues to evolve, branded manufacturers are faced with complex, new challenges when it comes to reaching consumers, and maintaining relationships with retailers.
  It may be new territory for many brands, but armed with the right knowledge and tools, it’s possible to manage the complexity and turn it into your advantage.
  In this white paper, we cover the four critical components that all brands should be watching, including:Connections with consumers
  Maximising marketpl
  
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• Almost 1/4 of retailers hit by severe supply disruption amid coronavirus fears

  04-03-2020 13:51
  
  // 24% of UK retailers hit by supply disruption amid coronavirus concerns
  // Only 7% of retailer have enough flexibility in supply chain to be able to switch suppliers
  // New research shows half of shoppers would consider buying more goods online if virus persistsTwenty-four per cent of British retailers have said the supply chain disruptions from coronavirus could lead to “a permanent change in their business”, a new survey has found.
  However, only seven per cent of these retailers
  
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• Mango promotes Toni Ruiz to CEO

  04-03-2020 13:19
  
  // Mango promotes GM Toni Ruiz to newly-created role of CEO
  // He has been general manager since October 2018
  // Ruiz is credited for steering the Spanish fashion retailer through a period of transformationFashion retailer Mango has promoted general manager Toni Ruiz to the newly-created role of chief executive.
  Ruiz, who was credited for his leadership of the Spanish business through a period of transformation, will be stepping into a role that was eliminated five years ago following the depart
  
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• Fast fashion interest divebombs 46% as “focus on sustainability” drives longer lasting purchases

  04-03-2020 13:09
  
  Fast fashion retailers are coming under threat from customers’ growing “focus on sustainability” as increasing numbers buy expensive longer lasting clothes.
  The number of UK customers now more likely to choose more expensive but longer lasting clothes has jumped 33.8 per cent since last year, representing over half of shoppers (51.4 per cent) for the first time.
  The Fashion Retail Academy’s new research also found that the number of shoppers who prefer fast fashion items
  
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• UK retailers hit by supply disruption amid coronavirus concerns

  04-03-2020 11:55
  
  Report shows half of shoppers would consider buying more goods online if virus persistsCoronavirus – live updatesAlmost a quarter of British retailers are reporting severe disruption to their supply of goods as a result of the spread of coronavirus.News that retailers are starting to struggle to maintain supplies of some products comes as a survey found that one in 10 people have already started stockpiling food because of fear of an outbreak in the UK. Related: Banks issue emergency loans
  
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• Homebase and Dwell in new tie-up to extend choice for customers

  04-03-2020 11:43
  
  // DIY giant Homebase teams up with furniture retailer Dwell to increase choice in-store & online
  // Homebase said more concessions are planned later in the year
  // The news comes after Homebase reported an increase in profit last monthHomebase has signed a new partnership with furniture retailer Dwell in a bid to extend the amount of choice for customers.
  The first concession to witness this partnership is in Chichester, where a selection of Dwell’s sofas, beds, dining furniture, ligh
  
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• Homebase & Dwell in new tie-up to extend choice for customers

  04-03-2020 11:43
  
  // Homebase teams up with furniture retailer Dwell to increase choice in-store & online
  // Homebase said more concessions are planned later in the year
  // The news comes after Homebase reported an increase in profit last monthHomebase has signed a new partnership with furniture retailer Dwell in a bid to extend the amount of choice for customers.
  The first Homebase store to witness this partnership is in Chichester, where a selection of Dwell’s sofas, beds, dining furniture, lighting a
  
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• 'It's hopeful and generous': Thurston Moore's experimental record shop

  04-03-2020 11:29
  
  The Sonic Youth co-founder has set up a store in London, a haven for fans of Stockhausen, Luc Ferrari – and Norwegian black metalThurston Moore is sitting in his shop window, pricing up a pile of records and telling me how Sun Ra used to operate. “Before he was going on tour, to say Egypt, he used to ask them to send him some fabrics from there. He wanted to feel them in his hand, pick up the vibrations.”We are talking about the physicality of objects, of holding a record or le
  
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• Selfridges exec Anne Pitcher nominated for prestigious female business award

  04-03-2020 10:46
  
  // Anne Pitcher, group MD of Selfridges is one of the three finalists for Veuve Clicquot Bold Woman award
  // The prestigious Veuve Clicquot Awards honour the impact of female leaders & entrepreneurs across the UKThe group managing director of Selfridges has been named as one of the three finalists in a prestigious award that honours the impact of female leadership across the UK.
  Anne Pitcher has been shortlisted for the Veuve Clicquot Bold Woman award alongside Starling Bank founder Anne Bod
  
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• Amazon can now deliver orders in under 5 hours

  04-03-2020 10:46
  
  Amazon customers could soon receive their deliveries in less than five hours as it piles investment into new warehouses to improve its same-day delivery service.
  Prime customers in Philadelphia, Phoenix, Orlando and Dallas can now order from thousands of “need-it-today” items and receive them in a matter of hours.
  The online giant has built what it calls “mini-fulfillment centres” in select US cities, understood to be around a tenth the size of its regular warehouses stoc
  
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• Lego plots store expansion amid profit growth

  04-03-2020 10:33
  
  // Lego plans to step up investment in shops and online with around 150 new outlets worldwide
  // Results showed a 3% rise in net profits to £970m on revenues 6% higher at £4.5bn. Online sales surged 27%
  // It marks the second year of profit growth after sales fell in a tough 2017 for LegoLego has posted higher annual profits and announced plans to step up investment in shops and online with around 150 new outlets worldwide.
  The toy brand and retailer, which now has 570 stores globall
  
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• 500 H&M jobs at risk as it shutters Stoke-on-Trent warehouse

  04-03-2020 09:48
  
  // H&M due to shut Stoke-on-Trent warehouse, risking 500 jobs
  // The warehouse will be relocated to an undisclosed location in Milton Keynes
  // H&M said affected employees will have the opportunity to relocateH&M is reportedly due to shut down its Stoke-on-Trent warehouse in a bid to relocate to a new site in Milton Keynes, putting 500 jobs at risk.
  XPO Logistics, which runs the Stoke-on-Trent warehouse located at Sideway, said the new Milton Keynes warehouse is due to open later thi
  
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• Retail leaders urge Chancellor Rishi Sunak for business rates reform

  04-03-2020 09:30
  
  // Business leaders sent written letter to Chancellor Rishi Sunak, calling for reforms to business rates
  // The BRC, the British Chambers of Commerce and the Association of Convenience Stores are among the leaders
  // The business leaders called for four “simple principles”Newly-appointed Chancellor Rishi Sunak has received a written letter from business leaders calling for a number of reforms to business rates, ahead of his first budget this month.
  Representatives from organisations
  
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• Business leaders urge Chancellor Rishi Sunak for business rates reform

  04-03-2020 09:30
  
  // Business leaders sent written letter to Chancellor Rishi Sunak, calling for reforms to business rates
  // The BRC, the British Chambers of Commerce and the Association of Convenience Stores are among the leaders
  // The business leaders called for four “simple principles”Newly-appointed Chancellor Rishi Sunak has received a written letter from business leaders calling for a number of reforms to business rates, ahead of his first budget this month.
  Representatives from organisations
  
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• Struggling shopping centre owner Intu abandons £1bn cash call

  04-03-2020 09:22
  
  Group says there is risk it could breach certain bank covenants when they are tested in JulyIntu Properties, the owner of the Trafford Centre in Manchester and Lakeside in Essex, has been forced to pull an emergency cash call after admitting “extreme” market conditions had left it unable to raise its minimum target of £1.3bn from jittery investors.The failure to secure the funding means Intu, which is struggling under a £4.5bn debt mountain, has missed the criteria set by
  
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• Intu ditches attempts to raise £1.5bn due to market uncertainty

  04-03-2020 08:47
  
  // Intu has dropped goal to raise between £1 billion and £1.5 billion, blaming market uncertainty
  // Investors were discouraged due to “poor conditions in the equity market”Intu has ditched all attempts to raise between £1 billion and £1.5 billion, thanks to market uncertainty.
  The shopping centre owner’s investors were discouraged due to “poor conditions in the equity market” and the retail property investment market.
  In early February, Intu
  
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• Intu ditches attempts to raise £1.5bn amid market uncertainty

  04-03-2020 08:47
  
  // Intu has dropped goal to raise between £1 billion and £1.5 billion, blaming market uncertainty
  // Investors were discouraged due to “poor conditions in the equity market”Intu has ditched all attempts to raise between £1 billion and £1.5 billion, thanks to market uncertainty.
  The shopping centre owner’s investors were discouraged due to “poor conditions in the equity market” and the retail property investment market.
  In early February, Intu
  
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• Dixons Carphone hires former John Lewis exec as CCO

  04-03-2020 08:32
  
  // Dixons Carphone drafts in Ed Connolly as chief commercial officer
  // Dixons Carphone is currently undergoing a management reshuffle
  // Connolly will replace Steve AgerDixons Carphone has appointed the former John Lewis Partnership director of partnership strategy Ed Connolly as the new chief commercial officer.
  Connolly will join office on May 4.
  His appointment comes as Dixons Carphone undergoes a management reshuffle.READ MORE:Can Dixons Carphone survive when mobile phone sales are declinin
  
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• H&M opens up global supply chain to rivals in green push

  04-03-2020 06:00
  Swedish group is launching a new service to allow smaller retailers to use its supply chain
  
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• Webinar | Retail Masterclass: How to Grow App Engagement for Holiday 2020

  04-03-2020 01:00 via theretailbulletin.com
  
  It’s never too early to start planning – learn how maximise your revenue/customer engagement during key times in the retail calendar Key Details: When: March 19 –... View Article
  
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• Q&A with Ricky Hodge, Account Director at Ingenico Enterprise Retail

  04-03-2020 01:00 via theretailbulletin.com
  
  In what key ways is the payments landscape changing? With the rise of digital payments and online shopping, convenience and speed are clear priorities for customers.... View Article
  
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• Prezzybox opens first physical store

  04-03-2020 01:00 via theretailbulletin.com
  
  Online gift retailer Prezzybox has chosen a travel retail location for the opening of its first physical store. Situated at the Roadchef Strensham services on the... View Article
  
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• Marks & Spencer to extend refillable groceries trial to second store

  04-03-2020 01:00 via theretailbulletin.com
  
  Marks & Spencer is extending its Fill your Own refillable groceries trial to a second store. The retailer launched the pilot in mid-December at its Hedge... View Article
  
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• Intu Trafford teams up with Grazia on beauty and wellness weekend

  04-03-2020 01:00 via theretailbulletin.com
  
  The Intu Trafford shopping centre will see the launch of Grazia’s first beauty and wellness weekend later this month. Throughout the event, the magazine brand will... View Article
  
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• How to Develop & Maintain Customer Engagement During the COVID-19 Outbreak

  04-03-2020 01:00 via theretailbulletin.com
  
  Apps are more important than ever.  Join POQ as they discuss how you can focus on customer retention and engagement for the current retail landscape and in... View Article
  
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• Homebase embarks on concession partnership with Dwell

  04-03-2020 01:00 via theretailbulletin.com
  
  Homebase has signed a new concession partnership with the Dwell furniture retailer. The first Dwell concession has opened at Homebase’s Chichester store where customers can choose... View Article
  
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• Dixons Carphone appoints Ed Connolly as chief commercial officer

  04-03-2020 01:00 via theretailbulletin.com
  
  Dixons Carphone has hired former John Lewis Partnership executive Ed Connolly as its chief commercial officer. In addition, Mark Allsop has expanded his current role as... View Article
  
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• Burberry takes over Selfridges Corner Shop

  04-03-2020 01:00 via theretailbulletin.com
  
  Luxury brand Burberry has launched an immersive installation in Selfridges’ flagship creative retail space, The Corner Shop. Due to open this weekend until 29 March, the... View Article
  
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