Retail news

• Walmart removes firearms and ammunition from US store floors

  29-10-2020 23:18
  Country’s biggest retailer cites recent civil unrest for decision
  
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• Amazon says holiday shopping has begun early as revenues beat forecast

  29-10-2020 21:36
  Ecommerce giant tripled profits in the third quarter to $6.3bn
  
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• Waitrose to hire over 1800 new staff in preparation for Christmas

  29-10-2020 17:09 via retailgazette.co.uk
  // Waitrose to go on hiring spree to keep up to pace with Christmas demand
  // At least 1850 new order pickers & delivery drivers will join the grocer at beginning of next month
  // The jobs are a combination of temporary and permanent new rolesWaitrose is set to hire as many as 1850 new order pickers and delivery drivers in an effort to meet the online sales demand in the run up to Christmas.
  The upmarket grocer said the new staff would be a combination of temporary and permanent new roles an
  
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• Should retailers enter the toy market in time for Christmas?

  29-10-2020 16:45 via retailgazette.co.uk
  Toys are likely to be on most shopping lists once again this Christmas.
  Yet as retailers enter the most uncertain festive trading period yet, many are searching for ways to lure in customers amid the Covid-19 pandemic, whether it be through improving ecommerce technology or launching new ranges. On the other hand, several retailers are gearing up to launch toy concession concepts.
  Debenhams recently launched a new concession concept called Toys At Debenhams, just in time for half term and the p
  
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• Kraft Heinz and Kellogg raise profit forecasts in wake of processed food boom

  29-10-2020 16:28
  Both companies are seeking to permanently convert shoppers they have recently won over
  
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• Next seeks to bolster Laura Ashley with new partnership

  29-10-2020 15:16 via retailgazette.co.uk
  // Laura Ashley enters partnership with Next to sell its home products both online and in stores
  // The lifestyle retailer fell into administration in April
  // Investment firm Gordon Brothers bought the intellectual property and archives of Laura Ashley after its administrationNext has partnered with embattled retailer Laura Ashley to sell its home products both online and in stores in an effort to revive the heritage brand.
  The homewares will be sold across Next’s 500 UK stores and via it
  
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• Lockdown sales boom puts model railway-maker Hornby back on track

  29-10-2020 15:16
  
  Venerable firm returns to profit as shoppers buy train sets, Corgi cars and Scalextric online to indulge hobbies at homeToymaker Hornby, owner of the model railway brand, posted a 33% jump in sales in the six months to September, as coronavirus lockdowns made many families focus on their hobbies.The firm, which also makes Scalextric car racing sets and Corgi cars, said it had benefitted from consumers staying at home and shopping online, with more than one-third of its sales coming from outside
  
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• Online retail sales will top $2bn every day in November as ‘Cyber Week’ becomes ‘Cyber Month’

  29-10-2020 14:38 via chargedretail.co.uk
  
  Online retail sales are set to surpass $2 billion every day in November as ‘Cyber Week’ becomes ‘Cyber Month’.
  New research from Adobe has predicted that online sales in the US will smash all previous records this year, rising 33 per cent.
  “This year is unlike any in the past, and for the first time we are no longer referring to peak holiday sales as Cyber Week – it’s now Cyber Month as we dial up to Christmas,” Adobe’s international pr
  
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• New customers boost Shopify, eBay and Etsy sales

  29-10-2020 13:20
  Ecommerce sites expect sustained growth beyond pandemic lockdown
  
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• New customers boost eBay and Etsy sales

  29-10-2020 12:07
  Ecommerce sites expect sustained growth beyond pandemic lockdown
  
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• LVMH cuts £425m off Tiffany & Co deal, ending long-winded dispute

  29-10-2020 11:48 via retailgazette.co.uk
  // LVMH has agreed to buy Tiffany & Co at a slightly reduced price
  // LVMH had previously said it would exit the deal, Tiffany & Co’s “dismal” performance during the pandemic
  // Judge Joseph Slights, who is presiding over the case in Delaware, rejected LVMH’s argumentsLVMH has agreed to acquire Tiffany & Co at a slightly reduced price of almost $16 billion (£12.3 billion), ending a legal dispute.
  The Louis Vuitton owner will pay $131.50 a share, down fro
  
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• Woolworths relaunch viral hoax forces Twitter to ban account

  29-10-2020 11:37 via chargedretail.co.uk
  
  Twitter has banned an account for violating its manipulation and spam policy after a tweet claiming Woolworths was due to relaunch went viral.
  Woolworths was trending on Twitter yesterday after a series of tweets from @UKWoolworths claimed that the collapsed retailer would return to the UK’s high streets in early 2021.
  Despite the tweet going viral and numerous news outlets reporting on the Twitter frenzy, the tweets were soon found to be fake news. 
  Many Twitter users pointed out tha
  
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• Primark joins United Nations’ Fashion Charter to tackle supply chain emissions

  29-10-2020 10:41 via retailgazette.co.uk
  // Primark joins United Nations’ Fashion Charter to reduce greenhouse gas emissions by by 30% by 2030
  // Primark has already implemented several processes across its manufacturing, distribution, and store operations to identify and reduce its carbon footprin
  // Primark said it is already making “significant headway” by tackling emissions generated by the use of raw fabrics and materialsPrimark has joined the United Nations’ Fashion Charter which will see it tackle emissio
  
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• Morrisons saves 100 tonnes of food from going to waste with partnership

  29-10-2020 09:57 via retailgazette.co.uk
  // Morrisons’ partnership with Too Good to Go has saved 100 tonnes of food from going to waste
  // Customers can download the Too Good To Go app and select a local Morrisons store to purchase a bag of unsold food worth at least £10
  // Through the service, shoppers can get £10 of fruit, veg, deli and bakery products for £3.09Morrisons has found that its partnership with food waste prevention app Too Good to Go has saved 100 tonnes of food from going to waste.
  The Too Good t
  
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• Selfridges and Royal Mail announce post office pop-up for Christmas

  29-10-2020 09:48 via retailgazette.co.uk
  // Selfridges announces the return of historic Royal Mail in-store partnership
  // Customers will be able to purchase and ship Selfridges items in store at Oxford Street branch
  // Pillar boxes also to be installed at London, Manchester and Birmingham stores for younger customers to post Letters to SantaRoyal Mail on Thursday announced a new partnership with Selfridges to offer a ‘one stop shop and ship service’ for customers.
  Launching on November 12 and running until January, Royal M
  
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• Royal Mail to open a post office in Selfridges this Christmas

  29-10-2020 09:48 via retailgazette.co.uk
  // Selfridges announces the return of historic Royal Mail in-store partnership
  // Customers will be able to purchase and ship Selfridges items in store at Oxford Street branch
  // Pillar boxes also to be installed at London, Manchester and Birmingham stores for younger customers to post Letters to SantaRoyal Mail on Thursday announced a new partnership with Selfridges to offer a ‘one stop shop and ship service’ for customers.
  Launching on November 12 and running until January, Royal M
  
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• EBay Q3 beats estimates, achieves £2bn in revenue

  29-10-2020 09:23 via retailgazette.co.uk
  // Ebay beats analyst estimates for Q3 with revenue in at $2.61 billion
  // Online marketplace saw active buyers grow 5% during the quarter
  // Raises full year sales outlookEcommerce giant eBay on Wednesday revealed its third quarter revenue had topped Wall Street expectations thanks to the surge in online shopping this year.
  With shoppers across eBay’s markets stuck at home and choosing to shop online due to the spread of coronavirus, the company saw revenue rise from USD 2.08 billion (&po
  
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• Frasers Group to open “game changing” new store in Portsmouth

  29-10-2020 09:02 via retailgazette.co.uk
  // Frasers Group opens first multi-brand store in Portsmouth
  // Launch comes one day after Flannels announces ambitious 17 store expansion planMike Ashley’s Frasers Group will open a new multi-brand store in Portsmouth this Saturday in the Cascades Shopping centre.
  Going against the grain of the majority of retailers who are looking to reduce their exposure to bricks and mortar stores, the 51,000 sq ft shop will feature Frasers’ new premium design.
  It will also be the first to house
  
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• Issa brothers face fresh blow as Moody’s downgrades EG Group debt

  29-10-2020 08:30 via retailgazette.co.uk
  // Moody’s downgrades EG Group from corporate family rating to B3 from B2 and its probability of default from B2-PD to B3-PD
  // Another blow for Issa brothers after abrupt departure of Deloitte
  // Moody’s cites “limited progress in terms of financial reporting and governance” as reason by downgradeThe billionaire businessmen on track to buy Asda this week saw their debt rating cut by credit agency Moody’s.
  Zuber and Mohsin Issa’s petrol station empire EG Group
  
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• Tiffany board approves sale to LVMH at lower price

  29-10-2020 01:47
  Small reduction ends bitter conflict that threatened to kill the biggest-ever luxury acquisition
  
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• LVMH agrees to buy Tiffany at slightly lower price

  29-10-2020 01:47
  Reduction of deal value to about $15.8bn ends conflict that threatened biggest-ever luxury acquisition
  
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• Selfridges teams up with Royal Mail to launch festive pop-up

  29-10-2020 01:00 via theretailbulletin.com
  
  Selfridges is teaming up with Royal Mail to launch a festive pop-up space in its Oxford Street store in the run-up to Christmas. Due to open... View Article
  
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• Sainsbury’s brings back Nectar Double Up event

  29-10-2020 01:00 via theretailbulletin.com
  
  Sainsbury’s is running its popular Nectar Double Up event again this year to enable customers to double the value of their Nectar points to spend in-store.... View Article
  
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• Morrisons saves 100 tonnes of unsold food from going to waste

  29-10-2020 01:00 via theretailbulletin.com
  
  The Morrisons supermarket chain’s partnership with Too Good to Go has saved 100 tonnes of food going to waste. Designed to prevent edible food being thrown... View Article
  
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• Laura Ashley partners with Next

  29-10-2020 01:00 via theretailbulletin.com
  
  Laura Ashley has embarked on a new partnership with Next to enable it to have its products sold via Next’s website and stores. In a statement,... View Article
  
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• Hornby returns to profitability

  29-10-2020 01:00 via theretailbulletin.com
  
  Hobby products company Hornby has made a return to profitability in the first half of its financial year. In the six months to 30 September, revenue... View Article
  
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• Holland & Barrett launches scheme to give staff instant access to pay

  29-10-2020 01:00 via theretailbulletin.com
  
  Health and wellness retailer Holland & Barrett has launched a new scheme that gives staff instant access to their wages. The retailer is offering the Earned... View Article
  
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• Are you connecting with your customers?

  29-10-2020 01:00 via theretailbulletin.com
  
  During the past couple of months, we’ve been working hard to understand what turns simple customer feedback into lifelong loyalty. The pandemic has shown us, despite... View Article
  
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