Retail news

• Ted Baker founder cuts stake by almost 40% in emergency funding bid

  01-06-2020 21:26
  
  Ray Kelvin hands control of fashion retailer to investor known as ‘the Rottweiler’
  Coronavirus – latest updatesSee all our coronavirus coverageThe Ted Baker founder, Ray Kelvin, has slashed his stake in the fashion retailer by nearly 40%, handing control of the company to an investor known as “the Rottweiler” as part of an emergency £105m fundraising to get the business through the coronavirus pandemic.The retailer raised £95m through a share placing and
  
  Read more

• Ted Baker founder cuts stake by 55% in emergency funding bid

  01-06-2020 21:26
  
  Ray Kelvin hands control of fashion retailer to investor known as ‘the Rottweiler’
  Coronavirus – latest updatesSee all our coronavirus coverageThe Ted Baker founder, Ray Kelvin, has slashed his stake in the fashion retailer by nearly 40%, handing control of the company to an investor known as “the Rottweiler” as part of an emergency £105m fundraising to get the business through the coronavirus pandemic.The retailer raised £95m through a share placing and
  
  Read more

• Shopper numbers jump 31% as lockdown in England relaxed

  01-06-2020 21:14
  
  Long queues outside Ikea as retailers including car showrooms and markets reopenCoronavirus – latest updatesSee all our coronavirus coverageShoppers rushed back to high streets and retail parks on Monday as the reopening of car showrooms, markets and some Ikea stores marked the easing of lockdown restrictions in England.The number of shoppers out and about jumped 31% across all retail destinations by 5pm in England compared with last week’s bank holiday Monday, according to analysts
  
  Read more

• Reopened UK showrooms offer glimmer of hope for car industry

  01-06-2020 20:16
  Business is slow but dealers are confident demand will increase
  
  Read more

• Advertisement

• Essex car showroom busy as dealerships reopen in England

  01-06-2020 20:06
  
  Firm reports ‘a lot of pent up demand’ but more interest in used vehicles than new onesCoronavirus – latest updatesSee all our coronavirus coverageSajul Islam has had his eye on a new seven-seater Volkswagen Tiguan Allspace throughout the coronavirus lockdown, and he took his chance on Monday as car dealerships across England opened their doors for the first time in more than 2 months.“I’ve been waiting for weeks for this showroom to open up again,” Islam said
  
  Read more

• Neiman Marcus director lambasted by bankruptcy judge

  01-06-2020 19:58
  Board member criticised over handling of probe into controversial online business deal
  
  Read more

• One way please! Norwich Market reopens for business

  01-06-2020 19:09
  
  Historic trading site had been forced to close because of the coronavirus lockdownCoronavirus – latest updatesSee all our coronavirus coverageNorwich Market, having survived wars, plagues and recessions in over 900 years of trading from the same site, has reawakened once again after the coronavirus shutdown had closed all but a handful of stalls selling food and essential goods. From early Monday morning, traders selling fruit and vegetables, vintage clothing and household items, rear
  
  Read more

• JD Sports remains doubtful of shopping centre stores reopening mid-June

  01-06-2020 17:42 via retailgazette.co.uk
  // JD Sports will reopen majority of stores from June 15
  // The sportswear retailer has over 300 stores in the UKJD Sports has reportedly announced it will reopen the majority of its store estate in England from June 15.
  The sportswear retailer has over 300 stores in the UK and plans to reopen them all, in line with government guidelines.
  It remains certain about reopening its stores on retail parks and high streets, but is doubtful of opening its stores in shopping centres as these will be depe
  
  Read more

• Advertisement

• M&S reveals further details on clothing space reopenings

  01-06-2020 17:08 via retailgazette.co.uk
  // Marks & Spencer prepares store reopenings for June 15
  // A range of protective measures will be implemented upon reopening full clothing spaceMarks & Spencer has revealed further details on how it is preparing to help customers shop ahead of the planned reopening of stores on June 15.
  Over the past nine weeks, M&S’s 600 food stores have remained open, while the majority of its clothing space had closed in line with government guidance.
  M&S has 260 stores that sell both c
  
  Read more

• Retail reopening: not such a lovely day

  01-06-2020 17:07
  Fewer customers and higher expenses mean there will be no return to pre-pandemic profits
  
  Read more

• The rise of “Tupperware-style” retail and how it could thrive amid Covid-19

  01-06-2020 16:32 via retailgazette.co.uk
  Tupperware-style social shopping has been making a comeback in recent years. But with consumers forced to stay home in recent weeks amid the coronavirus pandemic, more shoppers are turning to online to make purchases.
  This could potentially lead to the social shopping sector within retail to see even more of an increase in sales, especially with the rise of group video call apps such as Zoom.
  “In a time of uncertainty and consumer panic, direct selling platforms are likely to see huge bene
  
  Read more

• Charity retailers turn to teenagers to fill volunteer gap

  01-06-2020 15:54 via retailgazette.co.uk
  // Up to 95,000 volunteer roles in charity shops could be filled by teenagers as the sector prepares to exit lockdown
  // The One Million Hours of Doing Good campaign will encourage those aged 16-18 to sign up to volunteer over summerCharity shops have struck a deal with a leading youth programme to help fill up to 95,000 volunteer roles as the sector recovers from the coronavirus pandemic.
  Teenagers could help plug a temporary gap in volunteers as shops start reopening their doors when lockdown
  
  Read more

• Shopper numbers surge 36% as lockdown in England relaxed

  01-06-2020 15:42
  
  Long queues outside Ikea as retailers including car showrooms and markets reopenCoronavirus – latest updatesSee all our coronavirus coverageShoppers rushed back to high streets and retail parks on Monday as the reopening of car showrooms, markets and some Ikea stores marked the easing of lockdown restrictions in England.The number of shoppers out and about soared 36% across all retail destinations compared with last week’s bank holiday Monday, and was up 21% on Monday two weeks ago,
  
  Read more

• US online grocery shopping jumps as chains rush to add capacity

  01-06-2020 13:31
  Sales have risen 24% month on month and 450% since last August
  
  Read more

• Amazon and Ebay will soon be forced to pay VAT on overseas sales in major tax fraud crackdown

  01-06-2020 13:06 via chargedretail.co.uk
  
  Online marketplaces in the UK will soon be forced to collect Value Added Tax (VAT) on all sales made in the country by overseas sellers in a major crackdown on tax fraud.
  VAT fraud by international sellers on platforms like Amazon and Ebay are understood to cost the UK taxpayer £1.5 billion a year and a failure to combat it has been attributed to the decline of the high street in recent years.
  Currently websites like Amazon and Ebay are considered facilitators of overseas sales made online
  
  Read more

• Junk bond nightmare of hair roots and split ends

  01-06-2020 13:00
  In a fresh Covid-19 wave, Sally Beauty may beg for cash with nothing left for collateral
  
  Read more

• Sainsbury’s new CEO Simon Roberts announces 2 key senior appointments

  01-06-2020 12:58 via retailgazette.co.uk
  // Sainsbury’s new CEO Simon Roberts adapts senior executive team on first day on the job
  // Clo Moriarty takes on new role of retail and digital director
  // Chief marketing officer Mark Given promoted to the operating boardSainsbury’s new chief executive Simon Roberts has wasted no time on his first day on the job by announcing two key changes to the Big 4 grocer’s operating board.
  Clo Moriarty, previously chief digital director, will take on the new role of retail and di
  
  Read more

• Westfield sells five French shopping centres in £1.8bn joint venture

  01-06-2020 12:57 via retailgazette.co.uk
  // Westfield owner Unibail sells 5 French shopping centres
  // The centres are Aéroville and So Ouest in the Paris region, Rennes Alma in Rennes, Toison d’Or in Dijon, and Confluence in LyonUnibail-Rodamco-Westfield (URW) has sold five French Westfield shopping centres valued at more than €2 billion (£1.8 billion) to a joint venture between URW, Crédit Agricole Assurances and La Française.
  The centres consist of Aéroville and So Ouest in the Paris regi
  
  Read more

• Primark to reopen all stores in England with social distancing in place

  01-06-2020 12:57
  Fashion group warns measures will make it impossible for busier shops to achieve usual sales figures
  
  Read more

• Primark to reopen all English stores with social distancing in place

  01-06-2020 12:57
  Fashion group warns measures will make it impossible for busier shops to achieve usual sales figures
  
  Read more

• Ted Baker plans £95m cash call to survive crisis

  01-06-2020 12:49
  Fashion brand seeks to cut debt and focus on digital sales after it falls to £80m loss
  
  Read more

• Ted Baker founder's stake could be diluted in £105m fundraising

  01-06-2020 12:20
  
  Ray Kelvin unlikely to maintain his 35% shareholding at its current sizeCoronavirus – latest updatesSee all our coronavirus coverageThe Ted Baker founder Ray Kelvin’s 35% shareholding in the fashion retailer is expected to be diluted after he backed an emergency £105m fundraising to get the business through the coronavirus pandemic.The retailer said it would raise £95m through a share placing, plus up to £10m through an offer for subscription. Related: Primark plans
  
  Read more

• Hammerson to reopen flagships from June 15

  01-06-2020 11:27 via retailgazette.co.uk
  // Hammerson to reopen flagships from mid-June
  // The property giant has introduced a range of protective measures
  // Liverpool One also prepares to reopen from June 15Hammerson has announced its flagship destinations in England will reopen from June 15, in line with the latest guidance from the UK government.
  This follows the reopening of four destinations in France last month.
  Across the premium outlets portfolio, nine of the 11 VIA Outlets schemes are trading, with the first of those reopenin
  
  Read more

• Amazon accused of “hypocrisy” as it faces continued outrage on social media over racist listings

  01-06-2020 11:09 via chargedretail.co.uk
  
  Amazon has continued to face a backlash of abuse on social media after a number of listings featuring wildly offensive racist language appeared on the site.
  The ecommerce giant has been accused of “extraordinarily poor site administration” after allowing posts featuring the racist abuse to remain on site for hours, and failing to respond to angry Twitter users demanding an explanation.
  Amazon@amazon
   · 16h†  Baldwin Hills  @Ms_BaldwinHills
  
  Read more

• Aldo’s UK arm falls into administration

  01-06-2020 10:04 via retailgazette.co.uk
  // Aldo UK collapses into administration
  // Administrators from RSM permanently closes 5 UK stores & is exploring options for remaining 8
  // UK shoppers can still shop Aldo online and via concessionsThe UK arm of Canadian footwear retailer Aldo has followed the footsteps of its North America business and filed for administration due to the impact of the Covid-19 pandemic.
  Professional services firm RSM has been appointed as administrators, and it has been exploring “future options&rdqu
  
  Read more

• Primark plans to reopen all 153 stores in England on 15 June

  01-06-2020 10:01
  
  Clothing retailer will introduce Covid-19 physical-distancing protocols and other measuresCoronavirus – latest updatesSee all our coronavirus coverageThe clothing retailer Primark plans to reopen all 153 of its English stores on 15 June, as non-essential retailers across England began to restart on Monday.Car showrooms and outdoor markets are among the retail businesses allowed to open on Monday in England, with the government seeking to allow the economy to restart, albeit with physical-d
  
  Read more

• Topps Tiles sells head office & central warehouses in £18.1m deal

  01-06-2020 09:49 via retailgazette.co.uk
  // Topps Tiles confirms sale of head office and central warehouses for £18.1m
  // The sale is expected to be completed early this monthTopps Tiles has agreed to the £18.1 million sale and leaseback of its Leicester head office and central warehouse buildings to UK Warehouse Properties Limited.
  The completion of the sale is expected to take place in early June 2020, and represents a premium of approximately 29.3 per cent to the balance sheet asset value of the properties of £
  
  Read more

• Ted Baker launches £95m fundraising drive as it plunges into £79m loss

  01-06-2020 09:45 via retailgazette.co.uk
  // Ted Baker is set to raise £95 million from investors through an open offer and share placing
  // The fashion retailer also revealed its Ted’s Formula For Growth strategy
  // It posted a full year loss of £79.9 million an the back of full-year sales declining 1.4% to £630.5mTed Baker is set to raise £95 million from investors as part of a major turnaround strategy after it posted an annual loss of almost £80 million amid its full year results.
  The fashion
  
  Read more

• Primark to reopen all 153 of its stores in England on June 15

  01-06-2020 09:11 via retailgazette.co.uk
  // Primark confirms plans to reopen all England stores on June 15
  // Due to no ecommerce channel, the lockdown resulted in a loss of around £650m for every month stores were closed
  // Primark stores in Northern Ireland, Wales and Scotland remain closed pending guidancePrimark has confirmed plans to reopen all 153 of its stores in England on June 15, after the government gave non-essential shops the go-ahead to welcome customers again.
  The retailer’s parent company AB Foods said it ex
  
  Read more

• Waitrose finds new way to help small cheese makers during Covid-19 crisis

  01-06-2020 01:00 via theretailbulletin.com
  
  Waitrose has launched a special “best of British” cheese selection box as it looks to help small artisan suppliers throughout the coronavirus crisis. Available at the... View Article
  
  Read more

• Virgin Media shops to permanently close after lockdown

  01-06-2020 01:00 via theretailbulletin.com
  
  Virgin Media has confirmed that its 53 shops across the UK will remain closed after lockdown restrictions on the retail sector are lifted on 15 June.... View Article
  
  Read more

• Topps Tiles agrees sale and leaseback of head office and warehouse

  01-06-2020 01:00 via theretailbulletin.com
  
  Topps Tiles has agreed a sale and leaseback of its head office and central warehouse buildings with UK Warehouse Properties. The tile retailer said the proceeds... View Article
  
  Read more

• Ted Baker posts £79.9m loss as it launches £95m share sale

  01-06-2020 01:00 via theretailbulletin.com
  
  Ted Baker has swung to a pre-tax loss of £79.9 million in the year to 25 January from a pre-tax profit of £30.7 million in the... View Article
  
  Read more

• Sainsbury’s new chief executive tweaks senior team

  01-06-2020 01:00 via theretailbulletin.com
  
  Sainsbury’s new chief executive Simon Roberts has started his tenure by making two changes to the supermarket’s operating board. Clo Moriarty, previously chief digital director, has... View Article
  
  Read more

• Primark to reopen all 153 stores in England

  01-06-2020 01:00 via theretailbulletin.com
  
  Associated British Foods has said it is working to reopen all 153 Primark stores in the England on 15 June. Accounting for around 40% of the... View Article
  
  Read more

• Navigating the return to work: keeping your team safe and your business running

  01-06-2020 01:00 via theretailbulletin.com
  
  Guest post: By Heidi Birkin, Head of Marketing Deputy – The infection rate has reduced, but not disappeared..  The country is itching to get out of quarantine,... View Article
  
  Read more

• Louis Vuitton hires Johnny Coca as women’s leather goods director

  01-06-2020 01:00 via theretailbulletin.com
  
  Louis Vuitton has appointed former Mulberry creative director Johnny Coca as its women’s leather goods director. Due to join the luxury brand on 2 June, Coca... View Article
  
  Read more

• Liverpool ONE prepares to reopen

  01-06-2020 01:00 via theretailbulletin.com
  
  Grosvenor Europe is preparing to reopen its Liverpool ONE shopping destination in line with retail lockdown restrictions easing on 15 June. While Liverpool ONE benefits from... View Article
  
  Read more

• Co-op extends robot deliveries in Milton Keynes area

  01-06-2020 01:00 via theretailbulletin.com
  
  The Co-op is extending the use of robot deliveries across the Milton Keynes area due to demand for the service almost doubling since the start of... View Article
  
  Read more

Follow @retailuknws on Twitter!