Retail news

• LVMH and L’Oréal upbeat on recovery

  16-04-2020 20:46
  Luxury and beauty bellwethers predict gradual rebound once coronavirus shutdowns end
  
  Read more

• Neiman Marcus misses bond payments to hedge fund

  16-04-2020 18:41
  Luxury chain is second US retailer in two days to do so as virus shutdowns bite
  
  Read more

• Indie Corner: Jameson Carter

  16-04-2020 18:39 via retailgazette.co.uk
  If you’ve ever watched any episodes of Love Island or Geordie Shore, then chances are you may have come across Jameson Carter before.
  Not bad for an independent fashion brand and retailer that was founded in 2016 by three childhood friends from Cheshire – Jonny Dawson, Craig Tideswell and Mike Jukes.
  Jameson Carter has managed to use social media as well as reality TV to catapult into the forefront of the athleisurewear scene. But it wasn’t an overnight success.
  When Jonny orig
  
  Read more

• River Island the latest to re-open online store

  16-04-2020 16:35 via retailgazette.co.uk
  // River Island reopens online operations, joining a growing a list of retailers that have done so
  // It introduced new safety and social distancing measures in its warehouse
  // Meanwhile clothing label Harpenne, owned by River Island, permanently closes less than a year after launchingRiver Island has re-opened its online store after implementing new safety measures in its warehouse, joining a growing list of retailers re-commencing ecommerce operations amid the coronavirus lockdown.
  The fashio
  
  Read more

• Advertisement

• [White paper] Your ultimate guide to mobile payments

  16-04-2020 15:00 via retailgazette.co.uk
  Over 40% of all e-commerce transactions are now done on mobile devices. Which means it’s now crucial to harness mobile in your payments mix so you can reduce checkout friction and boost conversion.
  But for some, the world of mobile payments can be pretty confusing. We get it. That’s why we’ve put together a guide to help get you up to speed.
  The report covers:A visual explanation of all the jargon related to mobile payments
  Global and regional trends in mobile payment usage
  Our
  
  Read more

• TM Lewin the latest to seek new buyer amid coronavirus crisis

  16-04-2020 14:18 via retailgazette.co.uk
  // TM Lewin’s owners begin a sales process of the menswear retailer business
  // Bain Capital enlisted corporate finance firm Alantra to run the auction
  // Interested parties have been asked to submit offers for TM Lewin this weekTM Lewin’s owners have reportedly kickstarted a sales process of the business, making it the latest retailer to seek a new buyer amid the coronavirus pandemic.
  According to Sky News, Bain Capital – the private equity group which has backed the heri
  
  Read more

• Aldi launches online delivery to help vulnerable customers

  16-04-2020 13:53 via retailgazette.co.uk
  // Aldi launches online grocery service for the first time, albeit a limited one
  // The new service aims to help vulnerable customers during the coronavirus pandemic
  // Aldi will sell ambient food parcels that contain 22 products for home deliveryAldi has branched out to online grocery delivery for the first time, albeit the service is a limited one as it aims to help vulnerable customers amid the coronavirus pandemic.
  The UK arm of the German discount grocery chain announced today that it would
  
  Read more

• Price of high-demand food in UK rises sharply

  16-04-2020 13:47 via theguardian.com
  
  Online prices for items including long-life food and toilet roll rises 4.4%, says ONS Coronavirus – latest updatesSee all our coronavirus coverageThe price of high-demand food and sanitary products has risen sharply in online shops over the past month as the coronavirus crisis mounts, according to official figures.In an early sign of rising living costs across Britain during the pandemic, prices in a basket of high demand products compiled by the Office for National Statistics, which inclu
  
  Read more

• Advertisement

• Price of high-demand food bought online in UK rises sharply

  16-04-2020 13:47 via theguardian.com
  
  Cost of basket including tinned beans, rice and lavatory paper is up 4.4%, says ONS Coronavirus – latest updatesSee all our coronavirus coverageThe price of high-demand food and sanitary products has risen sharply in online shops over the past month as the coronavirus crisis mounts, according to official figures.A basket of the products – including tinned beans, lavatory paper and cleaning materials – costs 4.4% more than just before lockdown measures began a month ago, accordi
  
  Read more

• Dunelm to make NHS medical gowns; CEO agrees 90% pay cut

  16-04-2020 13:01 via retailgazette.co.uk
  // Dunelm wants to retool its curtain factory so it can make medical gowns for NHS staff
  // CEO Nick Wilkinson agrees to 90% pay cut; chairman and board members will waive fees
  // Follows news that Dunelm’s online site has resumed tradingDunelm has confirmed that its chief executive has agreed to 90 per cent pay cut and revealed that it is retooling a curtain factory to make medical gowns for NHS workers.
  The furniture retailer said it was working with the NHS to re-purpose its curtain pro
  
  Read more

• Barbour uses supply chain to make PPE for frontline healthcare workers

  16-04-2020 11:37 via retailgazette.co.uk
  // Barbour is producing 23,000 protective gowns for frontline medical workers amid the Covid-19 pandemic
  // The news comes as medical workers continue to issue pleas for more protective gearBritish fashion retailer Barbour has revealed it is producing 23,000 protective gowns for frontline medical workers battling coronavirus.
  It is the latest clothing retailer to help fill the PPE shortage by temporarily turning over its production line after workers stated there was not enough protective equipm
  
  Read more

• Fashion retailers could lose £800bn due to Covid-19 pandemic

  16-04-2020 11:03 via retailgazette.co.uk
  // Fashion retailers could lose up to £800bn due to coronavirus pandemic
  // The Brand Finance Global 500 2020 report found that clothing retailers are closing 20% of valueNew research has found that fashion retailers are expected to lose up to 20 per cent of their value due to the coronavirus pandemic.
  Brand Finance’s Global 500 2020 report found that retailers could lose around £800 billion as a result of the pandemic.
  The loss has been estimated based on the severity of the l
  
  Read more

• Amazon faces fines of €1 million per day for selling non-essential items in France as it shuts all warehouses

  16-04-2020 11:00 via chargedretail.co.uk
  
  Amazon has been forced to close all its warehouses in France after a landmark court order demanded the retailer cease all non-essential deliveries.
  The online retailer could now be fined up to €1 million for every day it does not comply with the court order, which was issued on Tuesday
  The Tribunal of Commerce in Nanterre ruled on the side of workers union SUD-Solidaire which had filed a lawsuit against the retailer to force courts to intervene over its concerns for worker safety amid the C
  
  Read more

• Amazon shuts French warehouses after virus safety dispute

  16-04-2020 10:07
  Company launches appeal after Nanterre court orders an assessment of conditions
  
  Read more

• Waitrose to speed up payments to vulnerable suppliers

  16-04-2020 09:59 via retailgazette.co.uk
  // Waitrose introduces new initiatives to support suppliers amid the coronavirus chaos
  // It will provide cash to supplier communities in Africa and Central America
  // The grocer pledged to pay small and vulnerable suppliers more quicklyWaitrose has launched new initiatives to support its suppliers during the coronavirus pandemic.
  The upmarket grocer will provide cash to supplier communities in Africa and Central America, support small businesses bring their products to market, and speed up paym
  
  Read more

• Coronavirus: Zalando updates initiatives to support fashion retailers

  16-04-2020 09:35 via retailgazette.co.uk
  // Zalando gives update on range of new initiatives it has introduced to support fashion retailers
  // Gross merchandise volume declined by 8% year-on-year in the three weeks following March 9
  // Zalando expects adjusted EBITDA to be in the range of minus £77.2m to minus £94.3mZalando has revealed that its gross merchandise volume declined by eight per cent year-on-year in the three weeks following March 9, but has now returned to growth.
  The online fashion retailer also gave an updat
  
  Read more

• Dunelm reopens website with “significantly higher” order levels

  16-04-2020 09:03 via retailgazette.co.uk
  // Dunelm reopens online business amid coronavirus pandemic
  // The homewares giant closed all operations last month following a government-mandated lockdownDunelm has reopened its online business for orders after putting security measures in place to protect staff and customers from the risk of transmission amid the coronavirus pandemic.
  The homeware retailer has now said its website has seen “significantly higher” order levels than before the pandemic, following its reopening.
  Dunel
  
  Read more

• Coronavirus: Retail sales suffer “worst decline on record”

  16-04-2020 08:41 via retailgazette.co.uk
  // Retail sales dropped to their lowest last month
  // The decline was prompted by the coronavirus lockdown
  // BRC-KPMG found a year-on-year total sales decline of 4.3% in MarchRetail sales in March have dropped to their lowest decline on record as the coronavirus pandemic took its toll on the sector across the UK.
  The year-on-year total sales decline of 4.3 per cent in March was the worst ever recorded by the BRC-KPMG monthly survey.
  In the first three weeks of the month, total sales rose 12 per
  
  Read more

• Companies explore ‘light touch’ administration in wake of Debenhams

  16-04-2020 05:00
  Businesses want insolvency tool ‘ready to go’ if government support comes too late
  
  Read more

• UK retail sales worst on record as lockdown takes its toll

  16-04-2020 01:03
  Three sets of data reflect damage to high street from closed shops and people staying at home
  
  Read more

• Zalando gives update on covid-19 measures and first quarter results

  16-04-2020 01:00 via theretailbulletin.com
  
  Online fashion retailer Zalando has given an update on the range of new initiatives it has introduced to support fashion brands and retailers in its partner... View Article
  
  Read more

• Waitrose increases support for vulnerable suppliers

  16-04-2020 01:00 via theretailbulletin.com
  
  Waitrose has launched a range of initiatives to support its most vulnerable suppliers during the covid-19 pandemic. Measures have included unlocking £200,000 from the Waitrose Foundation... View Article
  
  Read more

• The Future of Messaging

  16-04-2020 01:00 via theretailbulletin.com
  
  With brands searching for innovative and new ways to engage their end-users they can now unlock the benefits of RCS (Rich Communication Services) to their advantage.... View Article
  
  Read more

• SOLUTION: RCS: The Future of Messaging

  16-04-2020 01:00 via theretailbulletin.com
  
  With brands searching for innovative and new ways to engage their end-users they can now unlock the benefits of RCS (Rich Communication Services) to their advantage.... View Article
  
  Read more

• Retail sales drop sharply in March

  16-04-2020 01:00 via theretailbulletin.com
  
  New figures from the British Retail Consortium and KPMG show that UK retail sales fell by 4.3% on a total basis in March. This was the... View Article
  
  Read more

• Q&A: Sami Hero, Chief Operating Officer, HappyOrNot

  16-04-2020 01:00 via theretailbulletin.com
  
  Sami Hero joined HappyOrNot as Chief Operating Officer on April 2018 and moved to Finland from the United States. He manages the entire spectrum of Operations... View Article
  
  Read more

• Dunelm reports ‘significantly higher’ orders since the reopening of its website

  16-04-2020 01:00 via theretailbulletin.com
  
  Since reopening its online business following a temporary closure due to the coronavirus crisis, Dunelm has announced that the site is now fully operational, with the... View Article
  
  Read more

• JCPenney misses bond payment, considers options

  16-04-2020 00:06
  Department store chain’s move is starkest sign yet of distress in US retail sector
  
  Read more

Follow @retailuknws on Twitter!