Retail news

• Indie Corner: Oyuna

  05-08-2020 18:14 via retailgazette.co.uk
  Oyuna founded her eponymous brand in 2002 with a vision to give cashmere a new modern shape and presentation that “was non existent at the time.” Like a precious fibre, Oyuna herself has roots in Mongolia and the business was an opportunity for her to pay homage to both.
  Eighteen years after her business began production, Oyuna’s collections are now stocked in leading stores around the world, as well as sold on its direct-to-consumer ecommerce site. But as an independent retai
  
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• Segro’s crown as Britain’s largest landlord comes at a princely price

  05-08-2020 18:03
  Segro’s sheds of appeal; CMA puts the boot in over Footasylum
  
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• M&S expands grocery offering ahead of Ocado launch

  05-08-2020 15:42 via retailgazette.co.uk
  // Marks & Spencer adds 750 new products to its food range
  // This expansion comes as M&S groceries become available on Ocado next monthM&S has expanded its food range ahead of its launch with Ocado next month.
  M&S purchased 50 per cent of Ocado’s UK retail arm for £750 million last year, creating the new joint entity Ocado Retail.
  This will begin fulfilling online M&S grocery orders this September while 6,000 products are available to view on the site now.READ MO
  
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• Greenpeace warns Tesco on meat & dairy items linked to Amazon destruction

  05-08-2020 15:12 via retailgazette.co.uk
  // Greenpeace urges Tesco to stop buying meat & dairy from suppliers involved in destroying the Amazon
  // Tesco says it does not sell any beef, chicken or pork from Brazil, & has targets to ensure soy used in its supply chains don’t cause deforestation
  // 2/3 of the 3.2m tonnes of soy the UK imports each year comes from South AmericaEnvironmental campaigners are urging Tesco to stop buying meat and dairy from suppliers they say are involved in destroying the Amazon rainforest.
  Gree
  
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• WH Smith and M&Co to cut 1,900 jobs as Covid-19 hits sales

  05-08-2020 14:48
  
  WH Smith’s travel shops struggle, while clothing retailer will shut 47 storesCoronavirus – latest updatesSee all our coronavirus coverageWH Smith and the clothing chain M&Co are to make 1,900 workers redundant in further grim news for the UK retail sector as it struggles with the effects of the coronavirus pandemic.WH Smith, whose products range from sandwiches to books, newspapers and stationery, will cut 1,500 jobs. Related: Jobs blow as DW Sports and Hays Travel announcements
  
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• JD Sports & shareholder fined £300,000 after Footasylum takeover

  05-08-2020 14:46 via retailgazette.co.uk
  // CMA gives JD Sports and its biggest shareholder, Pentland Group, with a £300,000 fine
  // The fine is for allegedly breaking an order from the CMA over JD Sports’ purchase of Footasylum
  // JD Sports said it strongly disagreed with the CMA’s decision, and was “carefully considering our options”The CMA has slapped JD Sports and its biggest shareholder with a £300,000 fine for allegedly breaking an order from the watchdog over its purchase of Footasylum.
  The CM
  
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• M&Co confirms plans to shut 47 stores & cut 380 jobs

  05-08-2020 14:02 via retailgazette.co.uk
  // M&Co to shut down 47 stores and axe around 380 jobs
  // It is part of a restructure as a result of a pre-pack administration deal
  // Job cuts affect around 325 shop floor staff and almost 55 office employeesM&Co has confirmed plans to permanently close down 47 stores and axe 380 jobs as part of a major restructuring via a pre-pack administration deal to secure its long-term future.
  The deal saw the trade and assets of Scottish fashion retailer sold to new company called M&Co Tradin
  
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• Tencent/livestream retail: spieling test

  05-08-2020 13:51
  It is logical to expect livestreamed services to share in the chunk of business that stays online in China
  
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• Amazon targeting London’s Regent Street for Go convenience store roll-out

  05-08-2020 12:48 via chargedretail.co.uk
  
  Amazon has set its sights on London’s Regent street for the upcoming roll out of its high-tech Go grocery stores, alongside other locations in the south west of the capital.
  Amazon is understood to be negotiating with local landlords about launching one of its cashierless Go convenience stores at the north end of Regent Street, according to Retail Week.
  Retail property sources speaking to the publication also suggested it is in talks to acquire at least two more sites in more suburban
  
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• WHSmith plans to axe 1,500 jobs as travel curbs bite

  05-08-2020 12:40
  Full-year loss of up to £75m forecast as coronavirus depresses passenger numbers at transport hubs
  
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• 1500 job cuts on the horizon at WHSmith

  05-08-2020 11:40 via retailgazette.co.uk
  // WHSmith to slash up to 1500 jobs amid “slow” Covid-19 recovery
  // WHSmith said its shops in airports and railway stations – usually the star performers – have been hit by low passenger numbers
  // High street stores have also suffered from low footfallWHSmith is planning to cut more than 1000 jobs across its UK store operations as bosses said its recovery from the Covid-19 lockdown has been “slow”.
  The books and stationery retailer said it would start consul
  
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• Barrister issues public call for evidence on Boohoo working practices

  05-08-2020 11:32 via retailgazette.co.uk
  // Boohoo launches independent review into allegations of unacceptable working conditions at its Leicester factory
  // Senior barrister Alison Levitt QC would like to hear from members of the public who have information in relation to the working conditionsBoohoo has launched an independent review into allegations of unacceptable working conditions at factories operated by some of its suppliers and sub-contractors.
  Senior barrister Alison Levitt QC is now issuing a public call for evidence.
  
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• Marks & Spencer rolls out new food-to-go vending machines

  05-08-2020 11:04 via chargedretail.co.uk
  
  Marks & Spencer is introducing vending machines at select convenience stores offering customers rapid access to its food-to-go lines.
  M&S first food-to-go vending machines is being trialled at its Simply Food store at Cherwell Valley services, and will be rolled out to a second undisclosed location soon according to The Grocer.
  The vending machines will sell M&S sandwiches, cold drinks, crisps, snacks and even its popular ready meals.
  READ MORE: M&S announces major over
  
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• WH Smith to cut 1,500 jobs as Covid-19 crisis hits sales

  05-08-2020 10:50
  
  Retailer expects loss of £70m to £75m as shops at airports and railway stations sufferCoronavirus – latest updatesSee all our coronavirus coverageWH Smith is to make 1,500 workers redundant as the coronavirus pandemic hits sales in the retailer’s stores on the high street and at airports and railway stations.The group has been particularly hard hit because of its previously strong business at transport hubs, which have suffered because passengers have stayed away amid loc
  
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• Frasers Group picks Leicester for site of multi-brand concept store

  05-08-2020 10:20 via retailgazette.co.uk
  // Frasers Group to open a new 90,000sq ft mega store in Fosse Park, Leicester
  // The store will be split into two parts: Flannels & Sports Direct
  // Flannels will be a new concept while Sports Direct will also feature USC, Evans Cycle & GameMike Ashley’s Frasers Group has chosen Leicester as the location for a brand new “mega store” that will house its Flannels, Sports Direct, Evans and Game fascias.
  The company confirmed that the new 90,000sq ft site in Fosse Park ret
  
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• Brits forecast to spend £9.3bn on non-essentials

  05-08-2020 10:16 via retailgazette.co.uk
  // New research shows UK consumers due to spend total of £9.3 billion following lockdown ease
  // Each Brit expected to spend £195 on non-essential itemsBrits are expected to spend an average £195 each on non-essentials, equating to £9.3 billion across the country.
  Fashion and beauty spending figures were listed high after 2005 adults undertook a survey last month, an American Express study has shown.
  However, the top category people expected to be spending their money on
  
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• Sainsbury’s signs legal agreement to prevent sexual harassment

  05-08-2020 09:47 via retailgazette.co.uk
  // Sainsbury’s has signed an agreement under Section 23 of the Equality Act 2006
  // The retailer was found liable for sexual harassment against a staff memberSainsbury’s has reportedly signed a legally-binding document with the Equality and Human Rights Commission (EHRC) after being held liable for sexual harassment against a staff member.
  The Big 4 grocer was ordered to pay £9585 in damages to a former worker in August last year for failure to take reasonable steps after
  
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• Ralph Lauren revenue drops by £750m

  05-08-2020 09:20 via retailgazette.co.uk
  // Ralph Lauren revenue drops 66%
  // The Covid-19 crisis saw the retailer close stores around the worldRalph Lauren has seen its quarterly revenue plummet by nearly $1 billion (£750 million), as the coronavirus pandemic led to store closures and a slowdown in demand for luxury and premium goods.
  According to GlobalData, Ralph Lauren is more exposed to the pandemic than other fashion retailers as its jackets, coats and dresses are designed for social or formal occasions.
  Ralph Lauren&r
  
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• River Island stores at risk as it eyes CVA

  05-08-2020 08:33 via retailgazette.co.uk
  // River Island to consider turning to CVA or administration
  // The retailer may close some stores after the effects of coronavirusRiver Island has reportedly become the latest fashion retailer to consider taking out a CVA or other form of administration as the Covid-19 pandemic takes its toll on trading.
  The fashion retailer is seeking to close some of its stores and slash rents on others across its 300-strong estate, Retail Week reported.
  However, executives have expressed concerns over w
  
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• WH Smith in talks to cut 1,500 jobs

  05-08-2020 01:00 via theretailbulletin.com
  
  Book and stationery retailer WH Smith has said it has taken the difficult decision to launch a review of its store operations following the impact of... View Article
  
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• Webinar: Increase customer lifetime value post COVID

  05-08-2020 01:00 via theretailbulletin.com
  
  Despite acquiring significantly more customers during lockdown, many businesses are now struggling to encourage shoppers to return. This webinar explores how to overcome this challenge and... View Article
  
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• Sainsbury’s Active Kids launches free virtual summer programme

  05-08-2020 01:00 via theretailbulletin.com
  
  Sainsbury’s has launched a twenty-day free-to-access virtual summer club for children aged five to fifteen. Led by athletes Ellie Simmonds and Jonnie Peacock, the Active 20 challenge... View Article
  
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• Molton Brown to join line-up at The Boulevard

  05-08-2020 01:00 via theretailbulletin.com
  
  The owner of Northern Ireland designer outlet The Boulevard has confirmed that Molton Brown will open a temporary pop-up at the centre in the run-up to Christmas.... View Article
  
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• M&S expands food range in run-up to Ocado launch

  05-08-2020 01:00 via theretailbulletin.com
  
  M&S has expanded its food range with hundreds of new products in the run-up to the launch of its new grocery partnership with Ocado. Customers can now view... View Article
  
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• M&Co to axe 380 jobs as part of restructuring

  05-08-2020 01:00 via theretailbulletin.com
  
  Fashion retailer M&Co has completed a financial restructuring exercise which will save 2,200 jobs, although 380 roles will be made redundant. The company has also been put into... View Article
  
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• Frasers Group signs for first regional flagship post lockdown at Fosse Park

  05-08-2020 01:00 via theretailbulletin.com
  
  Mike Ashley’s Frasers Group has signed for its first new regional flagship store post Covid-19 at Leicester’s out-of-town shopping destination, Fosse Park . Spanning 90,000 square feet,... View Article
  
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• Castore chooses Liverpool One for first store outside of London

  05-08-2020 01:00 via theretailbulletin.com
  
  Premium sportswear brand Castore has opened its first store outside of London at Liverpool ONE. Designed by an in-house team, the 1,579 square foot shop is situated at 17/18... View Article
  
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