Retail news

• Grandmaster Arnault looks to the Tiffany endgame

  11-09-2020 23:24
  The takeover is still in play after US jeweller’s decision to take legal action to force LVMH to complete
  
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• Billion-dollar Lululemon under fire for promoting 'resist capitalism' event

  11-09-2020 20:58
  
  Clothing company went public in 2007 and is valued at $45bnCommenters mocked Canadian firm for hypocrisyThe aspirational athletic-wear maker Lululemon, famous for its expensive leggings sported by young urban professionals, is facing vigorous criticism for promoting a yoga workshop billed as an opportunity to “resist capitalism”. Related: The show must go on: fashion faces up to its Covid momentContinue reading...
  
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• UK’s largest cities fail to attract footfall as people work from home

  11-09-2020 18:04 via retailgazette.co.uk
  // Big cities struggle to attract footfall as consumers continue working from home
  // The largest cities & towns remained at just 17% of pre-lockdown levels, the same as JuneNew research has found that big cities across the UK are struggling in terms of footfall as people continue to work from home post-lockdown.
  The UK’s largest cities and towns remained at just 17 per cent of pre-lockdown levels on average – the same as it was at the end of June, research institute Centre for C
  
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• Morrisons expands delivery range to 20,000 people in retirement communities

  11-09-2020 17:54 via chargedretail.co.uk
  
  Morrisons and McCarthy & Stone this week announced a partnership to extend the grocer’s supermarket delivery service to people living in retirement communities.
  The retailer will now be able to deliver groceries to over 20,000 people who may need to shield because of the threat of coronavirus, or do not have the technology to order their shopping online.
  READ MORE: Morrisons full range will now be sold on Amazon with same-day delivery
  Instead, the service will be carried out over
  
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• Online sales slow down as Brits head outdoors

  11-09-2020 17:24 via retailgazette.co.uk
  // Online sales slow down as Brits head out onto the high street
  // Digital sales slid month-on-monthOnline sales have slowed down as Brits begin going back out into the high street following recent initiatives including the Eat Out to Help Out scheme, new research found.
  Despite overall online sales remaining strong during August, growth continued to slide month-on-month.
  According to the latest IMRG Capgemini Online Retail Index – which tracks the online sales performance of over 200 ret
  
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• Retail Gazette Loves: M&S raising £8m for NHS Charities Together

  11-09-2020 15:58 via retailgazette.co.uk
  Tuesday marked the end of Marks & Spencer’s Rainbow Sale, where 10 per cent of the purchase price of each item across womenswear, menswear, kidswear and home was donated to NHS Charities Together.It was the first sale of its kind for the retailer, which managed to raise a total of £8 million.
  This occurred alongside a number of other fundraising initiatives including M&S’s All in This Together t-shirts which launched in April, bespoke bags for life in M&S
  
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• Pizza Hut to close 29 restaurants putting 450 jobs at risk

  11-09-2020 13:52
  
  See the full list of sites to close under the company’s planned rescue dealPizza Hut has confirmed a list of 29 sites up for closure as part of a rescue deal which could lead to the loss of 450 jobs.Sites in Cambridge, Leicester, Sheffield and Stratford, east London, are all at risk as the group considers cutting about 10% of its 244 outlets.Pizza Express – 1,100 jobs
  7 September: The restaurant chain confirms the closure of 73 restaurants as part of a rescue restructure deal.Cambrid
  
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• Matalan CEO Jason Hargreaves steps down

  11-09-2020 13:24 via retailgazette.co.uk
  // Matalan CEO Jason Hargreaves to step down next week after 7 years at the helm
  // He will remain with the family business by providing strategic counsel to the board
  // Steve Johnson, who recently replaced John Mills as chairman, will lead the board as executive chair from next weekMatalan chief executive Jason Hargreaves is set to step down from the helm after seven years leading his family’s value retail business.
  Hargreaves will still remain with the fashion and homewares chain but in
  
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• Unions & business leaders back MPs’ call for furlough scheme extension

  11-09-2020 12:49 via retailgazette.co.uk
  // Unions & business leaders welcome Treasury Committee’s call for furlough scheme to be extended in “targeted” way
  // Committee also warns of risk of mass long-term unemployment if the scheme comes to an abrupt end on Oct 31
  // Those supporting extension include FSB, Unite and Resolution FoundationUnions and business leaders have welcomed a new report which suggests that the UK Government’s furlough scheme should be extended in a “targeted” way.
  The Treas
  
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• WHSmith and Booths sign up to UK’s first electric forecourts

  11-09-2020 11:37 via chargedretail.co.uk
  
  WHSmith, Costa Coffee and Booths have signed up to trial the UK’s first electric forecourts with Gridserve.
  The forecourt will be situated near Braintree, in Essex, and will launch in November, followed by roughly 100 more facilities across the UK after the trial.
  READ MORE: WHSmith offers ‘buy now, pay later’ with Laybuy
  Looking to “radically transform the electric vehicle experience”, Gridserve’s stations will offer electric vehicle drivers facilit
  
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• Amazon offered 40% stake in Indian conglomerate Reliance Retail for £15bn

  11-09-2020 11:21 via retailgazette.co.uk
  // Indian billionaire Mukesh Ambani offers Amazon a £15.6bn stake in the retail arm of Reliance Industries
  // Ambani is the chairman, managing director and largest shareholder of the Indian conglomerate
  // Reliance Retail currently has almost 12,000 stores across IndiaIndia’s richest man Mukesh Ambani has reportedly offered Jeff Bezos’ Amazon a $20 billion (£15.6 billion) stake in the retail arm of his Mumbai-based Reliance Industries.
  The Indian billionaire is the c
  
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• Retail sector to face more redundancies if Christmas is cancelled

  11-09-2020 10:47 via retailgazette.co.uk
  // Brit households spend extra £800 in run-up to Christmas but this year may pan out differently
  // The retail sector remains at threat due to the Covid-19 pandemicNew research has found that a typical household in the UK spends over £2500 each month, with an extra £800 spent in the run up to Christmas, the Bank of England estimated.
  However, the retail sector remains at threat due to the likelihood of the Covid-19 pandemic dampening sales this festive season.
  The forced s
  
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• LVMH accuses Tiffany & Co of “dishonesty” as is sets out counter lawsuit

  11-09-2020 10:09 via retailgazette.co.uk
  // LVMH files counter lawsuit after Tiffany & Co’s initial lawsuit on Wed in response to the collapse of a takeover deal
  // LVMH accuses Tiffany & Co of “dishonesty” and that its lawsuit has no substanceLVMH has accused Tiffany & Co of “dishonesty” and announced it would file a counter lawsuit after plans for a takeover collapsed and made them bitter rivals.
  Earlier this week, Tiffany & Co said it would sue the Louis Vuitton parent company after it c
  
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• Intu Derby becomes first of 17 centres to be snapped up since administration

  11-09-2020 10:06 via retailgazette.co.uk
  // Intu Derby has been taken over by Cale Street Investments
  // Cale Street is backed by the Kuwait Investment Office
  // The investment firm paid £186.3m last year for a 50% stake in Intu DerbyIntu Derby has become the first of 17 Intu shopping centres to change hands since its parent company failed to agree terms with creditors in June.
  A firm backed by the London-based Kuwait Investment Office has taken full ownership of Intu’s Derby shopping centre.
  The move comes after Cale Stree
  
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• Decline in Morrisons shares leads to domino effect on the stock market

  11-09-2020 09:22 via retailgazette.co.uk
  // Morrisons suffered biggest fall on the LSE yesterday, falling by 9p after revealing a drop in profits
  // This led to Sainsbury’s dropping 2% lower, while Tesco also shed around 2%
  // Meanwhile, Dixons Carphone shares jumped by 6.1p but Dunelm shares dropped 8%Morrisons has led declines on London’s blue chip share index and sparked falls among its grocery rivals after revealing a heavy hit to its profits due to the pandemic.
  The Big 4 retailer saw shares drop five per cent after re
  
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• Targeted extension needed for furlough scheme, warn MPs

  11-09-2020 09:09 via retailgazette.co.uk
  // Treasury Select Committee says Chancellor should consider a “targeted” extension to the furlough scheme
  // Also warns that Rishi Sunak risks mass long-term unemployment if the scheme comes to an abrupt end on Oct 31
  // Committee condemns the £1000 job retention bonus for businesses, saying it is unclear if it is “good value for money as it’s not effectively targeted”.The Chancellor should consider a “targeted” extension to the coronavirus furlou
  
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• UK's economic recovery from Covid-19 crisis continues

  11-09-2020 08:24
  
  GDP rose by 6.6% in July after non-essential shops reopened, says ONSCoronavirus – latest updatesSee all our coronavirus coverageBritain’s recovery from the coronavirus pandemic continued in July as shops reopened and manufacturing activity resumed but the economy has recovered little more than half the ground lost since the onset of the crisis.The Office for National Statistics (ONS) said gross domestic product (GDP), rose by 6.6% in July, continuing a rebound from the Covid-19 cris
  
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• UK hotels and restaurants hit by wave of cancellations

  11-09-2020 07:00
  
  New Covid-19 restrictions mean retailers could lose billions over the festive season Hotels and restaurants have been hit by a wave of cancellations as new coronavirus restrictions throw the country’s Christmas celebrations into doubt and raise the prospect of a fresh setback for the high street.If new rules banning gatherings of more than six people remain in place over the festive season, analysts say, the absence of Christmas parties and big family get-togethers could cost retailers bil
  
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• Zizzi partners with Sainsbury’s on first grocery range

  11-09-2020 01:00 via theretailbulletin.com
  
  Italian restaurant Zizzi is partnering with Sainsbury’s on the launch of its first ever grocery range. Sainsbury’s will begin selling three frozen Zizza pizzas that are all based... View Article
  
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• Molton Brown arrives at McArthurGlen Bridgend

  11-09-2020 01:00 via theretailbulletin.com
  
  McArthurGlen Designer Outlet in Bridgend has welcomed luxury beauty brand Molton Brown to its line-up. The brand has opened a pop-up store  at the centre that... View Article
  
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• Festival of Licensing announces exclusive Virtual Retail Programme

  11-09-2020 01:00 via theretailbulletin.com
  
  Festival of Licensing – the month-long virtual celebration of the global licensing industry running from 6-29 October – has announced its retail programme, packed with exclusive... View Article
  
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• Dixons Carphone delivers strong sales in all markets

  11-09-2020 01:00 via theretailbulletin.com
  
  Dixons Carphone has said it delivered strong sales in all of its markets in the 17 weeks to 29 August. In the UK and Ireland, the retailer’s electrical... View Article
  
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• Customer Loyalty Webinar 2020 – September 15, 10am

  11-09-2020 01:00 via theretailbulletin.com
  
  As verticals like travel, restaurants, and live events are disrupted, the convenience retail sector has seen an increase in consumer frequency and spend (40%+ according to... View Article
  
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• Customer Loyalty Webinar 2020 – SEPT 15 – 10am

  11-09-2020 01:00 via theretailbulletin.com
  
  As verticals like travel, restaurants, and live events are disrupted, the convenience retail sector has seen an increase in consumer frequency and spend (40%+ according to... View Article
  
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• B&Q launches ‘Build a Life’ campaign

  11-09-2020 01:00 via theretailbulletin.com
  
  DIY retailer B&Q has launched  a new brand campaign called ‘Build a Life’. Created by Uncommon Creative Studio, the campaign is the first in a series that aims to... View Article
  
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• American Eagle appoints new chief creative officer

  11-09-2020 01:00 via theretailbulletin.com
  
  American Eagle has promoted Jennifer Foyle to the position of chief creative officer. In her new role, Foyle will report directly to American Eagle chief executive... View Article
  
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