Retail news

• Plans to turn House of Fraser Westfield into co-working space

  18-06-2020 20:21
  
  Planning application for west London site reflects tough times for retailers and landlordsA branch of House of Fraser in one of London’s top shopping centres could be turned into a WeWork-style office space, in the latest indication of the tough environment for retailers and their landlords.An application to Hammersmith and Fulham council by the owner of the Westfield London includes a plan to convert about two-thirds of the 104,000 sq ft (9662 sq metre) store into a co-working space. Cont
  
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• Plans to turn House of Fraser in Westfield into co-working space

  18-06-2020 20:21
  
  Planning application for west London site reflects tough times for retailers and landlordsA branch of House of Fraser in one of London’s top shopping centres could be turned into a WeWork-style office space, in the latest indication of the tough environment for retailers and their landlords.An application to Hammersmith and Fulham council by the owner of the Westfield London includes a plan to convert about two-thirds of the 104,000 sq ft (9662 sq metre) store into a co-working space. Cont
  
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• DHL chief warns of increase in air freight costs

  18-06-2020 18:22
  Frank Appel sees ‘advantage’ in fewer passenger flights squeezing cargo capacity
  
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• TM Lewin CEO resigns

  18-06-2020 18:20 via retailgazette.co.uk
  // TM Lewin CEO resigns following the retailer’s sale to private equity firm SCP last month
  // Sven Gaede had joined the retailer in March 2018TM Lewin chief executive Sven Gaede has reportedly stepped down from his role after the sale of the British menswear business to private equity firm SCP in May.
  Gaede joined TM Lewin in March 2018, replacing Geoff Quinn, who was at the helm since 1993.
  He previously spent three years as the international managing director of fast fashion retailer Ne
  
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• English shoppers’ return points to a gradual retail recovery

  18-06-2020 17:56
  Footfall and customer spending remain well below pre-lockdown levels
  
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• Boxpark warns 50% of retail sector at risk of collapse

  18-06-2020 17:49 via retailgazette.co.uk
  // Boxpark founder Roger Wade warned that the retail and hospitality sectors are in danger of collapse
  // He called on landlords and tenants to set aside their differences and work togetherBoxpark has reportedly warned that the retail and hospitality sector is on a “collision course to Armageddon”.
  The retail park’s founder Roger Wade said if landlords, tenants and the government did not unite to address the rent crisis, then at least 50 per cent of retail and hospitality opera
  
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• Big Interview: Matthieu Comard, General Manager Western Europe, Avon

  18-06-2020 16:27 via retailgazette.co.uk
  “Our purpose, community spirit and flexible earning opportunity has helped transform people’s lives around the world for 135 years and is more relevant than ever right now.”
  As Avon’s general manager for Western Europe, Matthieu Comard thinks he has the best job in the world.
  Avon’s transformation journey is what “excited” Comard about joining the universally recognised company as the general vice president of global commercial operations in January 201
  
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• AllSaints asks landlords for rent cut to avoid going bust

  18-06-2020 15:01
  
  Fashion retailer seeks to peg rents to sales turnover at all 41 stores as part of insolvency dealAllSaints is asking its landlords to slash the rent bill on its 41 UK stores as the upmarket fashion brand tries to avoid going into administration.The retailer has embarked on an insolvency process known as a company voluntary arrangement (CVA) to force its landlords to agree a switch from fixed monthly rents to a turnover model, whereby rents are pegged to a store’s actual sales.What’s
  
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• Wolf & Badger reports robust growth despite Covid19

  18-06-2020 14:25 via retailgazette.co.uk
  // Wolf & Badger sees record year-on-year growth despite the Covid19 crisis
  // Online sales have grown by 87% year on yearWolf & Badger has reported record growth in April and May despite closing its stores and purely operating online amid the coronavirus lockdown.
  In those two months, the retailer reported a 66 per cent year-on-year jump in overall sales compared to the same period in 2019, generating £2.8 million in ecommerce revenue alone.
  Online sales grew 87 per cent year-on-y
  
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• Wolf & Badger reports robust financial growth despite Covid19

  18-06-2020 14:25 via retailgazette.co.uk
  // Wolf & Badger sees record year-on-year growth despite the Covid19 outbreak
  // Online sales have grown by 87% year on yearWolf & Badger has reported record year on year growth in April and May despite purely operating online amid the coronavirus outbreak which caused non-essentials to close stores.
  In those two months retailer reported a 66 per cent jump in overall sales compared to the same period in 2019, generating 2.8 million pounds in ecommerce revenue alone.
  Online sales grew 87
  
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• Chanel forecasts ‘difficult’ two years for luxury amid Covid-19

  18-06-2020 14:08
  Luxury group reports strong growth in designer Virginie Viard’s first year
  
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• US retail recovery delivers $28bn blow to short sellers

  18-06-2020 14:02
  Pandemic bets against consumer-focused stocks wrongfooted by uplift for DIY and homeware
  
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• M&S reopens 47 more in-store cafes for takeaway coffee only

  18-06-2020 13:33 via retailgazette.co.uk
  // A further 47 M&S cafes have reopened for takeaway only, after the initial 48 last month
  // This means 95 M&S Cafes are now open for takeaway hot drinks only
  // M&S has also resumed its popular food-to-order serviceM&S has confirmed that an additional 47 in-store cafes have reopened for takeaway coffee only, in the same week that its clothing & home stores exited lockdown.
  The latest tranche of reopened cafes comes after M&S opened 48 last month, bringing the total now
  
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• John Lewis Partnership to stop using fossil fuels across transport fleet by 2030

  18-06-2020 13:08 via retailgazette.co.uk
  // John Lewis Partnership steps up its net zero carbon commitment with plans to stop using fossil fuels across transport fleet by 2030
  // It is also building a dedicated biomethane gas filling station for Waitrose heavy trucks to use
  // Partnership has also ordered a further 143 biomethane trucksJohn Lewis Partnership is stepping up its commitment to reducing carbon emissions with plans to stop using fossil fuels across its entire 4800-strong transport fleet by 2030.
  To achieve this, it plans to
  
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• Boots, Lloyds Pharmacy and other major retailers accused of price gouging face masks

  18-06-2020 12:43 via chargedretail.co.uk
  
  Boots, Lloyds Pharmacy and other major retailers have been accused of profiteering by placing “excessive markups” on face masks.
  Mask Bros, a student organisation which sells masks at “fair” prices often half the price of major retailers, has accused them of price gouging.
  According to Mask Bros, which has now sold over 500,000 masks, retailers that purchase major quantities of masks and have their own logistics networks pay around between 20p and 30p for each medical 3-p
  
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• George III £1m gold watch star of Sotheby's collection sell-off

  18-06-2020 11:56
  
  Other items for auction include a love letter from Horatio Nelson to Lady Hamilton
  A “highly important” gold watch made for King George III, a love letter from Horatio Nelson to Emma Hamilton, and a unique British Legion WW1 album with contributions from leading cultural and public figures are part of an eclectic historical collection expected to raise more than £5 million at auction at Sotheby’s.The extraordinary ensemble comprising decorative arts, horological treasures
  
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• Tesco quits Poland in further retreat from overseas ambitions

  18-06-2020 11:38
  UK retailer sells 300 lossmaking stores to Netto owner for £181m amid ‘market challenges’
  
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• DPD hires 6000 new workers to meet “the biggest boom in online retailing in the UK’s history”

  18-06-2020 11:01 via chargedretail.co.uk
  
  DPD is hiring 6000 new workers and investing £200 million in its network in order to match demand from “the biggest boom in online retailing in the UK’s history”.
  The delivery giant announced today that it was making an “unprecedented investment in our infrastructure and people” to make sure it can continue to match a spike in demand for online delivery which it believes is the ‘new normal’.
  DPD, which delivers parcels for some of the UK’s bi
  
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• LVMH takes fresh look at Tiffany & Co acquisition

  18-06-2020 10:54 via retailgazette.co.uk
  // Tiffany & Co given fresh regulatory approval for acquisition by LVMH
  // The operation is expected to be completed by mid-2020Tiffany & Co has announced it has received additional regulatory approval for its acquisition by French luxury giant LVMH.
  The US jewellery retailer said it expects the operation to be completed by mid-2020.
  Last November, Louis Vuitton owner LVMH said it had reached an agreement to acquire Tiffany & Co for approximately €14.7 billion (£13 billion
  
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• Tesco sells up in Poland to focus on UK

  18-06-2020 10:34
  
  The £181m sale of 301 sites to Danish group Salling is part of company plan to better focus on domestic marketTesco is selling its Polish business to a Danish group in its latest retreat from international markets as it focuses on the UK.Britain’s biggest supermarket chain said it would receive a net total of £165m for the sale of its 301 stores, distribution centres, and head office in Poland, to Salling Group, which also owns the Netto Group. Tesco said the proceeds would be
  
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• Ted Baker raises £105m to alleviate Covid-19 impact

  18-06-2020 10:20 via retailgazette.co.uk
  // Ted Baker raises £105m to survive through impact of Covid-19
  // It expects to raise additional £10m through an offer for subscriptionTed Baker has raised £105 million through a stock issue to help support it through the coronavirus pandemic.
  The British retailer also expects to raise an additional £10 million through an offer for subscription, which is an invitation to the public to subscribe for new shares in the company.
  Ted Baker founder Ray Kelvin saw his stake in
  
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• Superdry exits China after strategic review

  18-06-2020 09:51 via retailgazette.co.uk
  // Superdry ends four-year joint venture with Chinese partner Trendy International
  // The companies reached an “amicable agreement” following a reviewSuperdry has terminated its Chinese joint venture with Trendy International, after a review of its long-term business strategy in China.
  The fashion retailer said it reached an “amicable agreement” to exit the joint venture, Trendy & Superdry Holding.
  This means Superdry will be “free to determine how it will
  
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• Tesco retreats from Poland in £181m deal

  18-06-2020 09:33 via retailgazette.co.uk
  // Tesco offloads Polish division, which has 301 stores, for £181m to Salling Group
  // Forms part of Tesco’s strategy of retreating from international markets under CEO Dave Lewis’ tenure
  // Tesco will now focus its attentions on its businesses in Central EuropeTesco has sold its entire Polish supermarket division for £181 million in the latest series of retreats from international operations led by chief executive Dave Lewis.
  The outgoing boss, who leaves later this year
  
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• AllSaints launches CVA proposal for UK & US stores

  18-06-2020 09:19 via retailgazette.co.uk
  // AllSaints launches CVA proposal for its UK and US stores
  // If approved by creditors in July, the move would affect 41 stores in the UK & 42 stores in North America
  // AllSaints says there will be a “small number” of store closures while remaining stores will move to turnover rentAllSaints has announced the launch of a CVA proposal that aims to see a major restructure of its store portfolio in the UK and the US.
  The fashion retailer is putting forward a proposal to its landlor
  
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• Shop workers overwhelmingly oppose longer working hours on Sunday

  18-06-2020 08:54 via retailgazette.co.uk
  // More than 90% out of 11,000 staff surveyed by Usdaw oppose working more than 6 hours on Sundays
  // Only 3% said they wanted more hoursRetail shop floor workers overwhelmingly oppose longer opening hours for large stores on Sundays, new research suggests.
  More than 90 per cent of 11,000 shop workers in England and Wales surveyed by trade union Usdaw said they did not agree with more than six hours opening.
  Two thirds said they felt pressured to work on Sundays while half wanted fewer hours, wi
  
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• Will non-essential shopping turn the high street into Disneyland?

  18-06-2020 06:00
  ‘You need a strategy for cramming in as many attractions as possible — do you want to hit all the big shops?’
  
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• The Disneyland experience, right on your high street

  18-06-2020 06:00
  ‘You need a strategy for cramming in as many attractions as possible — do you want to hit all the big shops?’
  
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• DPD and Kingfisher to hire 7,500 UK staff as online shopping soars

  18-06-2020 01:01
  
  Delivery firm and owner of B&Q expand to deal with boom in online buying in lockdown Coronavirus – latest updatesSee all our coronavirus coverageThe delivery firm DPD and the B&Q owner Kingfisher are hiring a total of more than 7,500 staff in the UK to cope with surging demand for home deliveries during the coronavirus pandemic.DPD is to hire 6,000 workers, including HGV drivers, warehouse staff, managers and support staff such as mechanics as part of a £200m investment in ex
  
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• DPD and Kingfisher to hire 7,500 UK staff as demand soars

  18-06-2020 01:01
  
  Delivery firm and owner of B&Q expand to deal with boom in online buying in lockdown Coronavirus – latest updatesSee all our coronavirus coverageThe delivery firm DPD and the B&Q owner Kingfisher are hiring a total of more than 7,500 staff in the UK to cope with surging demand for home deliveries during the coronavirus pandemic.DPD is to hire 6,000 workers, including HGV drivers, warehouse staff, managers and support staff such as mechanics as part of a £200m investment in ex
  
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• UK retailer Regatta weathers Cegid cloud technology

  18-06-2020 01:00 via theretailbulletin.com
  
  Having successfully completed a rollout of Cegid Retail POS software across its European and North American store estate, outdoor clothing specialist Regatta is migrating from on-premises... View Article
  
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• UK retailer Regatta selects Cegid cloud technology

  18-06-2020 01:00 via theretailbulletin.com
  
  Having successfully completed a rollout of Cegid Retail POS software across its European and North American store estate, outdoor clothing specialist Regatta is migrating from on-premises... View Article
  
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• Superdry takes back full control of brand in China

  18-06-2020 01:00 via theretailbulletin.com
  
  Superdry has announced that it has decided to take back full control of the Superdry brand in China following a review of its long-term business plan for... View Article
  
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• Springfields signs up Dune and Lazy Jacks

  18-06-2020 01:00 via theretailbulletin.com
  
  Footwear retailer Dune London is to open a new 1,280 square foot store at Springfields Outlet. The shopping destination has also signed up fashion brand Lazy Jacks which... View Article
  
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• Monsoon and Acccesorize appoint property specialist to help reopen 100 stores

  18-06-2020 01:00 via theretailbulletin.com
  
  Monsoon and Acccesorize have appointed a property specialist to help them reopen over 100 stores across the UK. The move follows the retailers’ purchase out of administration... View Article
  
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• Long Tall Sally to cease trading

  18-06-2020 01:00 via theretailbulletin.com
  
  Women’s fashion retailer Long Tall Sally is to cease trading after nearly 45 years in business. The specialist in clothing for taller women said the changing... View Article
  
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