Retail news

• UK warehouse group Segro outlines £1bn to tap online shopping boom

  09-06-2020 19:56
  
  FTSE 100-listed firm seeks funds to buy new warehouse and distribution infrastructure across Europe and UKSegro, a UK property group that specialises in warehouses, has unveiled plans to raise £650m to fund the acquisition of new distribution facilities.The firm hopes the move will allow it to tap into the consumer shift to online shopping during the coronavirus lockdown. Related: Cautious UK shoppers dent profits at shopping centres ownerContinue reading...
  
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• UK warehouse group Segro outlines £1bn plan to tap online shopping boom

  09-06-2020 19:56
  
  FTSE 100-listed firm seeks funds to buy new warehouse and distribution infrastructure across Europe and UKSegro, a UK property group that specialises in warehouses, has unveiled plans to raise £650m to fund the acquisition of new distribution facilities.The firm hopes the move will allow it to tap into the consumer shift to online shopping during the coronavirus lockdown. Related: Cautious UK shoppers dent profits at shopping centres ownerContinue reading...
  
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• UK’s world-beating record on Covid-19 | Brief letters

  09-06-2020 19:43
  
  What on earth justifies Jacinda Ardern’s inappropriate triumphalism after reducing coronavirus rates in New Zealand to zero (Report, 8 June)? They only achieved 24 deaths. Pathetic! Look at our world-beating stats. Under Hancock’s guidance we’ve achieved 60,000 deaths and got the daily rate down from over 1,000 to less than 100, all while creating an NHS treatment backlog of only 10 million or so. Now that’s what I call cause for celebration.Clive StephensFrome, Somerset&
  
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• Warehouse group Segro seeks to raise £650m for expansion

  09-06-2020 19:41
  Company has benefited from huge rise in online shopping and stockpiling
  
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• Non-essential shops to open in England from Monday, says Sharma

  09-06-2020 18:49
  
  Business secretary confirms lockdown easing but stresses Covid-19 safety guidelinesCoronavirus – latest updatesSee all our coronavirus coverageThe business secretary, Alok Sharma, has confirmed that non-essential shops in England can open from Monday, saying the move will “allow high streets up and down the country to spring back to life”.Car showrooms and outdoor markets were allowed to reopen earlier this month. Sharma said other retailers would now be able to follow suit, pr
  
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• Debenhams to close three more stores

  09-06-2020 18:07
  
  Move follow failure to agree rent cuts with landlord Intu, bringing total permanent closures to 20Debenhams is permanently closing a further three department stores after it was unable to agree new rent deals with mall operator Intu.The affected stores are in Milton Keynes, Watford in Hertfordshire, and the Metrocentre, Gateshead. The closures will result in 300 redundancies. The failed talks mean a total of 20 Debenhams stores will not be reopening when coronavirus lockdown restrictions are eas
  
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• Morrisons launches ecommerce site for Nutmeg clothing label

  09-06-2020 17:46 via retailgazette.co.uk
  // Morrisons launches new website for its Nutmeg clothing label
  // The purpose is to make it accessible for people continuing to stay home amid the coronavirus pandemic
  // Delivery is priced at £2.97 with items arriving within 14 working daysMorrisons has launched a website for its Nutmeg clothing label to make it more easily available to all customers as people continue to stay home amid the coronavirus pandemic.
  The new website will allow customers to buy from Nutmeg’s range of qua
  
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• Mike Ashley locked in legal row with TK Maxx over Brand Max name

  09-06-2020 17:28 via retailgazette.co.uk
  // Mike Ashley is in a legal row with TK Maxx over the use of the Brand Max name
  // TX Maxx says it has trademark protection and that Brand Max could cause confusion
  // Mike Ashley’s lawyers disagreeRetail tycoon Mike Ashley is embroiled in a court fight with fashion retailer TK Maxx over the use of the Brand Max brand name.
  The fashion chain’s owner, TJX UK, has complained about a trading name used by a branch of Ashley’s Frasers Group retail empire.
  TK Maxx bosses have sued a
  
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• Retail investors bet on bankrupt US companies rising again

  09-06-2020 16:34
  Shares in Hertz surge more than 800% since car hire group filed for Chapter 11
  
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• Tiffany loan agreements complicate $16.5bn LVMH deal

  09-06-2020 16:18
  Luxury conglomerate looks to renegotiate price for US jeweller as coronavirus hits sales
  
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• Tiffany dents LVMH hopes to recut $16.5bn deal

  09-06-2020 16:18
  Luxury conglomerate looks to renegotiate price for US jeweller as coronavirus hits sales
  
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• 3 more Debenhams stores will not reopen after lockdown

  09-06-2020 15:54 via retailgazette.co.uk
  // Debenhams confirms that 3 more stores will not reopen after lockdown and will permanently shut down
  // The stores in question are located at the Intu shopping centres in Metrocentre, Milton Keynes & Watford
  // This brings the total Debenhams stores that will not reopen after lockdown to 20Debenhams has added three more stores to its list of sites that will not reopen after lockdown, after it couldn’t agree terms with retail property giant Intu.
  Debenhams told Retail Gazette that the
  
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• Schuh reveals store reopening plans

  09-06-2020 13:51 via retailgazette.co.uk
  // Schuh outlines store reopening plans from June 15 in England
  // Stores will initially operate on reduced house and with heath and safety measures in place
  // Shoes tried on but not purchased will be sprayed with disinfectant, shoes returned will be quarantined for 72 hoursSchuh has announced details of the first wave of store reopenings ahead of the lifting of lockdown restrictions on non-essential shops in England next week.
  The footwear retailer plans to relaunch the majority of its stores
  
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• Dunelm unveils new concept store

  09-06-2020 13:31 via retailgazette.co.uk
  // Dunelm opens new high street concept store
  // The new concept made its debut in Crawley, West Sussex
  // The new Dunelm Edit features bestsellers and highlights handpicked by Dunelm’s experts and local focus groupsDunelm has chosen the West Sussex town of Crawley as the location of its first high street concept store which opened at the end of May.
  The new store, Dunelm Edit, brings together highlights and bestsellers handpicked by Dunelm’s design team and local customers via focus
  
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• [Webinar] Post-Lockdown Retail: How to get customers spending again

  09-06-2020 12:59 via retailgazette.co.uk
  Lockdown might be starting to lift, but the future is still uncertain for a lot of retailers. The High Street has been hit harder than ever before during the COVID-19 crisis, with up to a third of the British High Street stores expected to remain permanently closed.
  For those fortunate enough to still be in business, it’s time to re-strategise. Focus on getting the right tools and tech in place now, and you’ll be able to hit the ground running once shoppers start returning to stores.
  
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• Tesco to convert surplus food into renewable energy and power 6 stores

  09-06-2020 10:50 via chargedretail.co.uk
  
  Tesco will soon use surplus food to power six of its stores as it embarks on an ambitious new renewable energy project.
  Tesco Ireland has launched a partnership with renewable energy organisation Green Generation to launch an initiative which will see its surplus food converted into renewable gas, and then electricity.
  As part of its wider plan to “become a zero-carbon retailer by 2050” Tesco will handover its surplus food to Green Generation, who will then convert it to biomethane i
  
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• MatchesFashion responds to Black Lives Matter protests with new forum

  09-06-2020 10:41 via retailgazette.co.uk
  // MatchesFashion to launch Black Employees Forum which will encourage diversity
  // The luxury retailer will look at how it can encourage more black people to join the companyMatchesFashion is set to launch a Black Employees Forum in response to the deaths of George Floyd, Ahmaud Arbery, Breonna Taylor and the Black Lives Matter protests.
  The new forum will drive diversity within designers in the business and will look at how it can encourage more black people to join the company.
  MatchesFashion
  
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• Moss Bros to offer private appointments in stores from Monday

  09-06-2020 09:55 via retailgazette.co.uk
  // Moss Bros set to offer customers one-to-one appointments once stores reopen from June 15
  // Appointments are free of charge, with no obligation for customers to make a purchaseMoss Bros has said it will launch a one-to-one in-store appointment offering as part of the phased reopening of its store portfolio this month.
  The menswear retailer is due to reopen from June 15 and its new service will allow customers to book appointments and skip the queue for a personalised shopping experience.
  
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• Sosandar signs new deal with John Lewis and Next

  09-06-2020 09:41 via retailgazette.co.uk
  // Sosandar signs new deal with John Lewis and Next
  // The partnership will see Sosandar’s products on the John Lewis and Next websites
  // The online fashion retailer’s revenues increased 62% from April 1 to May 31Sosandar has announced a new partnership with John Lewis and Next which will see it selling its clothing through the retailers’ websites as it seeks to build on rising sales.
  The online fashion retailer saw revenues increase by 62 per cent from April 1 to May 31, comp
  
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• Retail sales in May show second worst decline since 1995

  09-06-2020 08:53 via retailgazette.co.uk
  // Sales during May showed slight improvement against April
  // Despite the improvement, BRC-KPMG found it to be the second-worst decline since records began in 1995Retail sales in May continued to drop but showed slight improvement compared to sales in April.
  Total retail sales dropped 5.9 per cent in May, compared to a 1.9 per cent decline in the same month of the previous year, according to the BRC-KPMG retail sales monitor.
  The sales monitor found it to be the second-worst decline since recor
  
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• Iceland founder takes full ownership after buying £115m stake

  09-06-2020 08:52 via retailgazette.co.uk
  // Iceland bosses take full control of the retailer after buying out the remaining stake
  // They bought out South African conglomerate Brait SE’s 63% stake in the business for £115mIceland founder Malcolm Walker and chief executive Tarsem Dhaliwal have taken full ownership of the frozen food retailer after buying out the remaining stake of external investor Brait.
  The executives bought out South African conglomerate Brait SE’s 63 per cent stake in the business for £115 mi
  
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• ‘Glimmers of hope’ in UK retail and consumer spending in May

  09-06-2020 01:10
  Decline is far less severe than in April but is second-largest contraction in more than 25 years
  
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• UK retailers face declining sales amid Covid-19 shutdown

  09-06-2020 01:01
  
  Lockdown easing and price cuts fail to stop second successive slump in monthly salesCoronavirus – latest updatesSee all our coronavirus coverageBritain’s retailers suffered a second successive slump in monthly sales during May as the coronavirus shutdown took its toll on the high street.Price cutting by furniture and homewares shops, which were among the worst hit, failed to entice customers to open their wallets, leaving last month’s sales figures down by 5.9% compared with th
  
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• Sosandar doubles revenue in past year

  09-06-2020 01:00 via theretailbulletin.com
  
  Sosandar has said it expects its revenue to more than double to at least £9 million in the year to 31 March. In a trading and... View Article
  
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• JYSK appoints sustainability manager

  09-06-2020 01:00 via theretailbulletin.com
  
  Furniture retailer JYSK has boosted its sustainability credentials with the appointment of Sam Harrington to the newly created role of sustainability manager. Originally from the US,... View Article
  
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• Covent Garden gears up for 15 June shop reopenings

  09-06-2020 01:00 via theretailbulletin.com
  
  A range of retailers within London’s Covent Garden shopping district will be reopening their doors on 15 June. All will have strict Covid-19 health and safety... View Article
  
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