Retail news

• How Savage X Fenty used social media to solidify itself as a top lingerie retailer

  27-10-2020 18:21 via retailgazette.co.uk
  Despite only recently launching, Savage X Fenty regularly receives more visible praise than other lingerie retailers. While much of this could be credited to the fact it was founded by music superstar Rihanna, it’s also worth noting the inclusivity ethos ingrained into the business.
  Indeed, it arguably attracts more buzz and attention about its inclusivity-driven business than regular retailers, such as Marks & Spencer and Missguided, which have both regularly included a broad ran
  
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• UK retail recovery slows sharply as Covid rise deters shoppers

  27-10-2020 17:45
  
  Consumer spending’s loss of momentum in October signals flatlining of broader economy Coronavirus – latest updatesSee all our coronavirus coverageBritain’s retail recovery slowed sharply this month as the second wave of the Covid-19 pandemic persuaded many shoppers to hold back on planned purchases.The loss of momentum, which affected retail and wholesale businesses, cut short a surge in sales during the third quarter and signalled a flatlining of the broader economy, which has
  
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• Retail groups call for non-essential items rule to be relaxed in Wales

  27-10-2020 17:38 via retailgazette.co.uk
  // Organisations representing grocers have called for the ban on sale of non-essential items in Wales to be relaxed
  // CBI Wales, Welsh Retail Consortium & Association of Convenience Stores issue statement with proposals to “resolve the confusion”
  // Peers in the House of Lords have also criticised the banWales’ lockdown ban on selling non-essential items should be relaxed to allow customers “to make their own decision”, retailers have told the Welsh Government.
  
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• Notonthehighstreet mulls £200m sale

  27-10-2020 16:43 via retailgazette.co.uk
  // Notonthehighstreet considering £200m-plus sale after revenues surge during pandemic
  // The online retailer is working with Evercore on a sale
  // A preferred bidder could be selected by ChristmasNotonthehighstreet is reportedly considering a sale of the business that could potentially see it valued it at more than £200 million.
  According to Sky News, online retailer is working with Evercore on an auction process, and a number of trade bidders and private equity groups have exp
  
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• Co-op is rolling out a “transformational” IT programme across all stores

  27-10-2020 15:15 via chargedretail.co.uk
  
  The Co-op is set to extend the roll out of its new IT systems to all stores in the next few weeks, as it looks to improve customer experience and supply chain collaboration.
  Described as a “transformational” IT programme, the three new systems look to improve planning and allocation of space in stores, increase availability, reduce waste and foster better communication across the supply chain.
  By consolidating 30 legacy systems into three, Co-op said it would be better equipped to ad
  
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• Welsh Gov’t to “learn lessons” of communicating lockdown shopping rules

  27-10-2020 14:17 via retailgazette.co.uk
  // Welsh health minister Vaughan Gething says ministers will ensure retailers understand what can and cannot be sold during lockdown
  // He also admits gov’t would “continue to learn lessons about how we do our job effectively in communicating” the rulesThe Welsh Government has pledged to “continue to learn lessons” about how it communicates its lockdown rules following confusion over a ban on selling non-essential items.
  Wales’ health minister Vaughan Gething
  
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• TikTok moves into social ecommerce with Shopify deal

  27-10-2020 14:00
  Partnership will allow users to shop as they scroll through short-form videos
  
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• Woolworths brand owner not aware of comeback despite Twitter frenzy

  27-10-2020 13:41 via retailgazette.co.uk
  // Social media in a frenzy over rumours that Woolworths is making a comeback
  // However, the Twitter account claiming to be Woolworths could not be verified
  // The owner of the Woolworths brand, The Very Group, also said it was not aware of plans for a comebackThe owner of the Woolworths brand name has poured cold water over plans that the much-loved retailer was poised for a comeback, despite a Twitter frenzy suggesting otherwise.
  This morning, a Twitter account claiming to be from Woolworths
  
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• Whitbread shakes off £725m loss to press on with expansion

  27-10-2020 13:07
  Premier Inn owner increases share of UK hotel sector but warns of tough months ahead
  
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• Flannels opens new 12,000sq ft Birmingham store as part of Frasers Group’s development

  27-10-2020 12:32 via retailgazette.co.uk
  // Flannels opens new store in Birmingham Fort’s shopping park
  // The group said it will open two more store this year to add to its 40-plus-store estate
  // The store offers a selection of men and women’s luxury clothing and accessoriesFlannels has opened a new 12,000sq ft store in Birmingham, and has revealed plans for a two new stores this year, adding to its 40-plus-store estate.
  A further 15 new stores are scheduled to open across the UK in 2021, which is part of the busines
  
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• Flannels’ new Birmingham store marks start of 17-store expansion

  27-10-2020 12:32 via retailgazette.co.uk
  // Flannels opens new store in Birmingham Fort’s shopping park
  // The group said it will open two more store this year to add to its 40-plus-store estate
  // The store offers a selection of men and women’s luxury clothing and accessoriesFlannels has opened a new 12,000sq ft store in Birmingham and announced plans to open 17 new stores between now and the end of 2021.
  Spearheaded by Michael Murray, head of elevation at parent company Frasers Group, a further two Flannels stores will op
  
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• Liverpool mayor supports non-essential retail lockdown if Tier 3 restrictions don’t work

  27-10-2020 12:18 via retailgazette.co.uk
  // Liverpool mayor Joe Anderson says tougher lockdown restrictions might be needed if current Tier 3 does not work
  // Tier 3 is the currently the highest level of restrictions across England, and retail is exempt from it
  // Tougher restrictions could mean non-essential retail would be forced to shutLiverpool mayor Joe Anderson has backed the idea of a possible fourth tier of coronavirus restrictions that could potentially see non-essential retailers forced to shut down.
  The city is one of five n
  
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• Tesco launches drone trial in Ireland

  27-10-2020 11:49 via chargedretail.co.uk
  
  Tesco has launched its trial of drone home deliveries this week, with shoppers in County Galway, Ireland, the first to test the service, according to the Irish Times.
  Tesco’s Group Innovation team are offering on-demand small basket deliveries from its Oranmore shop.
  Tesco has teamed up with drone delivery company Manna for the trial, which will run over several months.
  READ MORE: Tesco will trial drone deliveries from October
  Customers can order deliveries through the FlipDish a
  
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• Retail footfall drops across regions with highest Covid restrictions

  27-10-2020 11:23 via retailgazette.co.uk
  // Footfall drops 1.2% across all UK retail destinations
  // The decline last week was mainly seen across high streets
  // The nation with the lowest decline was EnglandNew research has shown that retail footfall has dropped last week from the previous seven days across all UK retail destinations.
  Footfall dropped by 1.2 per cent, compared to a decline of 3.1 per cent in the prior week, according to data from Springboard.
  The decline last week was mainly seen across high streets, where footfa
  
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• Intu Metrocentre taken over by shopping centre operator

  27-10-2020 09:45 via retailgazette.co.uk
  // Intu Metrocentre has been taken over by real estate developer Sovereign Centros
  // Sovereign Centros also operates other retail schemes including the Telford Centre and St Enoch in Glasgow
  // The company said it will “inject new life” into the MetrocentreIntu Metrocentre has been acquired by London-based real estate developer Sovereign Centros, as the assets of former landlord Intu continue to be offloaded.
  Sovereign Centros, which also operates other retail schemes including the
  
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• Quiz swings to full-year loss as sales plunge 86%

  27-10-2020 09:00 via retailgazette.co.uk
  // Quiz posts underlying loss before tax of £3.7 million in the year to March 31
  // Underlying EBITDA fell to £0.6 million from £4.6 million
  // Online revenue dropped 9%, “predominantly reflecting lower sales via third-party websites”Quiz has seen its full-year earnings plunge after making an an underlying loss before tax of £3.7 million versus a profit of £0.6 million the previous year.
  However, it said its restructuring measures will help return the gr
  
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• Quiz remains confident despite sales dropping both in-store and online

  27-10-2020 09:00 via retailgazette.co.uk
  // Quiz posts underlying loss before tax of £3.7 million in the year to March 31
  // Underlying EBITDA fell to £0.6 million from £4.6 million
  // Online revenue dropped 9%, “predominantly reflecting lower sales via third-party websites”Quiz has recorded a drop in its full-year earnings but said its restructuring measures will help return the group to sustainable growth.
  The fast fashion retailer had warned on profits before the Covid-19 struck, and said an overhaul of
  
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• Edinburgh Woollen Mill Group begins shuttering several stores

  27-10-2020 08:35 via retailgazette.co.uk
  // Edinburgh Woollen Mill Group has earmarked several stores for permanent closure
  // Store staff said they have not been informed of the permanent closures
  // The group has a total of 1100 stores across its portfolioEdinburgh Woollen Mill Group has reportedly set aside several stores in its UK portfolio for permanent closure, after recently being granted a 10-day extension of creditor protection.
  The group, which owns Austin Reed, Jaeger and Jacques Vert, has permanently closed its stores in Pe
  
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• Russian supermarket takes on tech rivals with online push

  27-10-2020 06:00
  X5 plans to boost customer base with more delivery services through its own apps
  
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• My First Million: Andrew Wright, founder The Wright Buy

  27-10-2020 06:00
  Kitchen appliance retailer has almost doubled the number of staff since lockdown
  
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• IPOs: Ant Group ready to claim Saudi Aramco’s crown

  27-10-2020 06:00
  The fintech company is revving up for a record-breaking dual listing and founder Jack Ma’s second crack at the title
  
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• Tapestry appoints Joanne Crevoiserat as CEO on permanent basis

  27-10-2020 01:00 via theretailbulletin.com
  
  Tapestry, the owner of the Kate Spade, Coach and Stuart Weitzman brands, has appointed Joanne Crevoiserat as its new chief executive following an internal and external... View Article
  
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• Retail footfall declined by 1.2% last week

  27-10-2020 01:00 via theretailbulletin.com
  
  Latest figures on retail footfall have shown that the number of visits to all UK retail destinations dropped by 1.2% last week from the previous seven... View Article
  
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• Quiz swings to full year loss

  27-10-2020 01:00 via theretailbulletin.com
  
  Quiz has swung to a loss and seen its group revenue decline by 10% to £118 million in the 12 months to 31 March in what... View Article
  
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• Pets at Home launches one hour click & collect service

  27-10-2020 01:00 via theretailbulletin.com
  
  Pets at Home is launching an express 60-minute click & collect service as it looks to make online shopping more convenient for customers.   Customers will... View Article
  
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• Crew Clothing to join line-up at Affinity Staffordshire

  27-10-2020 01:00 via theretailbulletin.com
  
  Crew Clothing is to open a new store Affinity Outlet Staffordshire. Due to launch on 30 October, the shop will be the second to open at... View Article
  
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• Cath Kidston unveils details of brand transformation

  27-10-2020 01:00 via theretailbulletin.com
  
  Cath Kidston has unveiled details of its brand transformation as it looks to accelerate its digital and global growth. The move follows the company’s restructuring in... View Article
  
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• Arôme to launch first bricks-and-mortar site

  27-10-2020 01:00 via theretailbulletin.com
  
  Artisan bakery Arôme has chosen Covent Garden’s The Yards as the location for its first permanent bricks-and- mortar store following the launch of a pop-up in... View Article
  
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