Retail news

• Amazon: Prime rates

  02-06-2020 19:24
  Large, high-grade companies are taking advantage of benign market conditions created by the Fed
  
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• Screens and one-way systems: UK retailers prepare to reopen

  02-06-2020 16:27
  
  Chains including John Lewis, Primark and Halfords to open some stores as lockdown easesCoronavirus – latest updatesSee all our coronavirus coverageMany non-essential shopping chains are preparing to let customers back into stores as the Covid-19 lockdown eases.Outdoor non-food markets and car showrooms were allowed to reopen from Monday 1 June. From Monday 15 June, a much broader range of retailers will reopen their doors, including clothes shops, toy stores, electronics retailers, booksel
  
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• Government loans to support businesses amid Covid-19 top £31bn

  02-06-2020 15:36 via retailgazette.co.uk
  // Government-backed loans to alleviate the Covid-19 impact on businesses have topped £31bn
  // Almost 750,000 companies had seen loans approved by May 31The government-backed loans introduced to support workers’ wages amid the Covid-19 pandemic have reportedly topped £31 billion.
  Three government-backed loan schemes for UK businesses have paid out more than £31 billion to date, according to updated Treasury data, Sky News reported.
  Almost 750,000 companies had seen loans
  
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• Majestic Wine rolls out wine collection service

  02-06-2020 13:09 via retailgazette.co.uk
  // Majestic Wine launches order and collect service stating that all sites should be operational by the weekend
  // Enhanced safety measures wil be in place such as protective screens and social distancingFrom today Majestic Wine will be allowing customers to collect orders from their local store.
  Majestic initially closed its doors in a bid to protect colleagues and customers from coronavirus, since then the retailer has operated a delivery-only policy using a fleet of over 200 vans across the U
  
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• How can retailers maintain social distancing once stores reopen?

  02-06-2020 12:53 via retailgazette.co.uk
  Grocers remained open during the UK lockdown and enjoyed the fruits of success as customers were left with a solitary choice of food shopping.
  One by one, they executed social distancing guidelines to minimise the risk of Covid-19 transmission. From perspex screens to increased sanitisation, grocers continued to deliver safety measures to allow customers and workers to feel safe in stores at a time when UK death rates were soaring.
  Now, as non-food retailers – particularly fashion brands &
  
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• Intu expects rent collections to nosedive £181.6m

  02-06-2020 12:51 via retailgazette.co.uk
  // Intu predicts the amount of rent it collects will drop by £181.6m this year
  // The shopping centre owner has been heavily impacted by tough trading conditionsIntu has said it expects the amount it collects from rents and service charges to tumble by £181.6 million this year.
  The shopping centre owner has been heavily impacted by tough trading conditions, which have been exasperated by the Covid-19 crisis.
  Most tenants have had to close shops during the lockdown, impacting their ab
  
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• Lost Stock offers mystery boxes of clothes high street’s biggest retailers for half the price

  02-06-2020 12:16 via chargedretail.co.uk
  
  Lost Stock is offering shoppers boxes of clothes from Topshop, New Look, Gap at half the retail price in a bid to help manufacturers left out of pocket by the lockdown.
  The newly launched company is selling £35 boxes of clothes containing at least three fashion items which would have been part of high street retailers spring-summer collections.
  As the lockdown hit, forcing retailers to close and seeing fashion sales plummet, manufacturers in Bangladesh were left with piles of unsold clothe
  
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• Lost Stock offers mystery boxes of clothes from Topshop, New Look and Gap for half the retail price

  02-06-2020 12:16 via chargedretail.co.uk
  
  Lost Stock is offering shoppers boxes of clothes from Topshop, New Look, Gap at half the retail price in a bid to help manufacturers left out of pocket by the lockdown.
  The newly launched company is selling £35 boxes of clothes containing at least three fashion items which would have been part of high street retailers spring-summer collections.
  As the lockdown hit, forcing retailers to close and seeing fashion sales plummet, manufacturers in Bangladesh were left with piles of unsold clothe
  
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• “Substantial part” of Oddbins sold to undisclosed buyer, saving jobs

  02-06-2020 12:07 via retailgazette.co.uk
  // Oddbins has had large part of its business rescued from administration
  // Jobs have been saved at all 28 stores
  Oddbins has seen a “substantial part” of its business and assets sold out of administration, saving jobs in all 28 of its stores.
  The name of the buyer and the exact number of jobs which have been saved have not been revealed.
  Philip Duffy and Matthew Ingram, both of Duff & Phelps, were first appointed to Walsall-headquartered Wine Cellar Trading in February 2019 to
  
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• Reiss unveils phased UK store reopening plans

  02-06-2020 11:38 via retailgazette.co.uk
  // Reiss to embark on a phased reopening of its UK stores from June 15 as per government guidance
  // It follows a successful reopening of selected stores in Europe
  // Reiss will initially reopen 26 stores and a second wave will follow a few weeks laterReiss is the latest retailer to unveil plans to reopen its first 26 UK stores on June 15 after the government said non-essential shops can exit lockdown from that date.
  The fashion retailer said it was in the latest stage of its phased reopening pl
  
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• Unibail-Rodamco-Westfield unveils “Working Together” campaign ahead of reopening

  02-06-2020 11:33 via retailgazette.co.uk
  // Unibail-Rodamco-Westfield unveils new marketing campaign to remind the the public how to stay safe while shopping
  // Both Westfield London and Westfield Stratford City will be open from June 15Unibail-Rodamco-Westfield unveils its new European wide marketing campaign “Working Together” to support the reopening of Westfield London and Westfield Stratford City on June 15.
  Ten other Westfield centres across Europe will also be reopening following the partial closure due to the Covid-
  
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• US retailers step up security as looting continues

  02-06-2020 11:31
  Civil unrest over George Floyd killing by white police officer forces chains to close
  
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• US retailers step up security and close stores after looting

  02-06-2020 11:31
  Civil unrest over George Floyd killing by white police officer forces chains to again shut down
  
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• Tesco’s finance chief to step down as management shake-up continues

  02-06-2020 11:23
  Alan Stewart to retire next year after helping restructure UK’s biggest food retailer
  
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• Amazon sees “max police strength” pepper spray become best-seller as protests continue

  02-06-2020 11:08 via chargedretail.co.uk
  
  Amazon has seen a spike in sales of “max police strength” pepper spray as the riots sweeping the country turn shopper’s attention away from COVID-19 and towards self-defense.
  A canister of Sabre brand pepper spray, advertised as “max police strength”, has become the top-selling product in Amazon’s “Sports & Outdoots” category in the US, according to Marketplace Pulse.
  This was helped by protestors swapping tips about self-defense products on Tw
  
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• Coronavirus: Hunter secures £16.5m rescue deal

  02-06-2020 10:24 via retailgazette.co.uk
  // Hunter, the boots retailer, has secured a £16.5 million rescue deal
  // Hunter will have the benefit of an additional £18.5 million of capital, to support future growthHunter has secured a £16.5 million rescue deal after seeing its sales affected by the Covid-19 crisis.
  The cancellation of music festivals has had a particularly severe impact on the boots retailer.
  Hunter’s existing backers have invested as part of a deal that will see former minority shareholder Pall Ma
  
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• Ray Kelvin no longer biggest shareholder in Ted Baker

  02-06-2020 09:58 via retailgazette.co.uk
  // Ted Baker founder Ray Kelvin no longer the biggest shareholder in the retailer he founded
  // Kelvin’s stake now stands at 15.8%, compared to previous stake of 35%
  // He was overtaken by investment firm Toscafund, which used the share listing to nearly double its stake to 26.4%Ted Baker founder Ray Kelvin has seen his stake in the retailer slashed by 55 per cent after an investment firm surpassed him as the biggest shareholder following a fundraising drive.
  Yesterday, Ted Baker tapped in
  
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• Monsoon Accessorize threatens landlords with store closures

  02-06-2020 09:56 via retailgazette.co.uk
  // Monsoon Accessorize threatens landlords it will shut down stores if they do not waive rents
  // Landlords have been given a weeks’ time to make a decision
  // The fashion group is on the brink of administration – with 3500 jobs at riskMonsoon Accessorize has reportedly warned landlords that they have a week to offer up rent waivers or it will permanently close down stores.
  The retailer announced last week that it is on the brink of falling into administration, which could place 3500
  
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• Card Factory full-year profits falls but Covid-19 sees online sales skyrocket 302%

  02-06-2020 09:33 via retailgazette.co.uk
  // Card Factory full-year profits drop 11.8% to £67.2m, like-for-likes dip 0.5%, but revenues increase 3.6% to £451.5m
  // In the financial year so far, online sales have skyrocketed 302%
  // Card Factory will not pay a dividend to preserve liquidity amidst the impact of Covid-19Card Factory said online sales at its main website have more than tripled since the coronavirus lockdown forced the closure of all its stores, as it confirmed plans to reopen 10 per cent of its shops from aroun
  
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• Tesco’s finance chief Alan Stewart to resign next year

  02-06-2020 09:14 via retailgazette.co.uk
  // Tesco CFO Alan Stewart to resign April next year
  // He has been with Tesco for six years, joining at the same time as CEO Dave Lewis
  // His resignation will lead to a major leadership shake-up, as Lewis is also leaving this yearTesco chief financial officer Alan Stewart has revealed plans to retire from his role at the UK’s largest supermarket in April next year, after six years at the company.
  The move will be part of a major leadership shake-up at the business, with current chief
  
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• Co-op CEO Steve Murrells condemns George Floyd death

  02-06-2020 09:03 via retailgazette.co.uk
  // Co-op CEO Steve Murrells becomes first UK retail boss to condemn the death of George Floyd
  // He pledged to work harder to ensure staff at Co-op stores were not subject to “judgement and discrimination”
  // Protests against police brutality since Floyd’s death have spread across the USCo-op chief executive Steve Murrells has become the first high-profile UK retail boss to condemn the death of a black man which led to anti-police brutality protests across the US cities.
  The pr
  
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• Habitat hasn't delivered my order – and it's closed its phone lines

  02-06-2020 08:00
  
  You can only use Facebook or Twitter, where they seem to be ignoring most peopleHabitat has taken about £70 for an order which has not arrived, and I have been unable to speak to anyone.It seems to have closed its phone lines and you can only use Facebook or Twitter, where they seem to be ignoring most people. I have seen numerous posts about the same issue: goods not arriving, or arriving damaged, and with no way to make contact. Continue reading...
  
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• Tesco chief financial officer to retire

  02-06-2020 01:00 via theretailbulletin.com
  
  Tesco has announced that Alan Stewart has decided to retire as its chief financial officer and leave the business on 30 April 2021. The company’s board... View Article
  
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• Solutions: Real-time occupancy tech helping retailers to reopen safely

  02-06-2020 01:00 via theretailbulletin.com
  
  As the industry continues to navigate forward in this unprecedented situation, you’re likely facing a multitude of changes that need to happen rapidly involving staff, inventory,... View Article
  
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• Retail HR: Evolve your payroll solutions

  02-06-2020 01:00 via theretailbulletin.com
  
  When it comes to your payroll, it’s always better to have insight rather than hindsight. Payroll is evolving from an admin heavy, functional department to an... View Article
  
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• Retail HR: Evolve your payroll – now

  02-06-2020 01:00 via theretailbulletin.com
  
  When it comes to your payroll, it’s always better to have insight rather than hindsight. Payroll is evolving from an admin heavy, functional department to an... View Article
  
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• Reiss to embark on phased reopening of UK stores

  02-06-2020 01:00 via theretailbulletin.com
  
  Reiss is to embark on a phased reopening of its UK stores from 15 June after the lifting of Covid-19 lockdown restrictions. Following a successful reopening... View Article
  
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• Evolve your payroll: Get insight to help you with future planning.

  02-06-2020 01:00 via theretailbulletin.com
  
  When it comes to your payroll, it’s always better to have insight rather than hindsight. Payroll is evolving from an admin heavy, functional department to an... View Article
  
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• Covid occupancy solution: Real-time tech helping retailers to reopen safely

  02-06-2020 01:00 via theretailbulletin.com
  
  As the industry continues to navigate forward in this unprecedented situation, you’re likely facing a multitude of changes that need to happen rapidly involving staff, inventory,... View Article
  
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• Booths selects Logile’s Store Planning and Workforce Management Suite to optimise labour and improve the Customer Experience

  02-06-2020 01:00 via theretailbulletin.com
  
  Booths’ selection supports the company’s strategic advancement into automation and marks Logile’s expansion into the United Kingdom. Logile, Inc., leading store planning, execution and workforce management... View Article
  
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• Aldo UK enters administration

  02-06-2020 01:00 via theretailbulletin.com
  
  Shoe retailer Aldo UK has gone into administration after its business was hit by the impact of the coronavirus pandemic. The move follows news of the... View Article
  
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