Retail news

• Indie Corner: True Vintage

  23-11-2020 18:05 via retailgazette.co.uk
  When Rory Westbrook founded True Vintage in his Portsmouth University bedroom back in 2014, little did he know that it would grow to become one of Europe’s biggest online vintage fashion stores.
  The entrepreneur, now 26, said he started the business after he noticed a gap in the vintage clothing market. Like many independent retailers, he started buying and selling vintage items from his flat. True Vintage has since dispatched over 100,000 orders and raked in almost £2 million
  
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• Nike to increase dividend by 12% ahead of sales growth forecast

  23-11-2020 16:45 via retailgazette.co.uk
  // Nike to increase its dividend payout for the 19th year in a row
  // The dividend payout is increasing by 12%, or 3 cents per share, to $0.275 per shareNike has revealed it plans a double-digit increase in its quarterly dividend as it forecasts a sales bounce due to the Covid-19 pandemic.
  The sportswear giant, which is in the process of a transformation scheme that will see it become more of a direct-to-consumer retailer through its own websites and stores rather than as a wholesaler, said it w
  
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• Asda CEO Roger Burnley impersonated by hackers in Facebook scam

  23-11-2020 15:13 via chargedretail.co.uk
  
  Asda shoppers have been targeted by scammers posing as the supermarket’s chief executive Roger Burnley.
  Fraudulent adverts have been posted across Facebook offering shoppers a free £35 gift box if they enter their personal and bank details.
  The scam adverts, which were discovered by Parliament Street think tank’s cyber research team, purport to include a message from Burnley despite the featured photo seemingly being of a random man.
  More than 4000 people have liked the advert,
  
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• Lululemon announces first female CFO

  23-11-2020 14:20 via retailgazette.co.uk
  // Lululemon Athletica has promoted Meghan Frank to the position of CFO
  // She will be the first female to hold the position at the athleisure retailer
  // Meghan Frank has been co-CFO on an interim basis before her promotionLululemon has promoted its interim co-chief financial officer Meghan Frank to chief financial officer on a permanent basis, making her the first female in the business to hold the role.
  She is slated to take up her new position with the athleisure retailer on November 23, and
  
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• Cake Box half-year profits slip 4% due to lockdown measures

  23-11-2020 14:07 via retailgazette.co.uk
  // Cake Box half-year pre-tax profits down 4% to £1.66m
  // Sales were also down, slipping 2% to £8.59m in the half year period ending September 30
  // However, franchisee like-for-like sales up 12.1%, including a 51% increase in online franchisee salesEgg-free cake specialist Cake Box saw profits fall four per cent as the national lockdown over spring took its toll on the business.
  The second national lockdown in England is also slowing growth, the retailer said, but a dividend was pa
  
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• Black Friday 2020: the best early deals and bargains in the UK

  23-11-2020 13:10
  
  Some of the discounts UK retailers such as Tesco, Asda, Argos and Aldi are offeringBrush up on prices as that ‘deal’ might not be a bargainOnline shoppers fail to get parcels but but struggle to get refundThe Black Friday sale no longer lasts only a day – retailers have already started discounting in the run-up to 27 November.Here’s a roundup of some of the offers: Related: Black Friday: brush up on prices as that 'deal' might not be a bargainRelated: Online shoppers fail
  
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• London retailers & other businesses face £2.8bn business rates bill next year

  23-11-2020 13:09 via retailgazette.co.uk
  // 70,000 London shops, pubs, restaurants & hotels face £2.8bn business rates bill when the tax relief ends
  // All business premises will return to normal business rates liabilities from April 1 next year
  // The government has not yet indicated if it would provided targeted support or to extend the one-year business rates holidayAlmost 70,000 business premises across London face a combined business rates bill of £2.8 billion from next April without discerning targeted support, ex
  
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• PS5 scalpers used “bots” to buy up more stock than most UK retailers

  23-11-2020 12:39 via chargedretail.co.uk
  
  PlayStation 5 “scalper” groups used bots to buy up thousands of consoles seeing them amass more stock than most of the UK’s major retailers.
  The launch of Sony’s next-gen console descended into chaos last week as it officially went on sale in the UK, seeing stock sell out in minutes and websites crash at nearly every leading retailer.
  This chaos, according to a new report from Business Insider, was largely driven by “scalper” groups who competed to see ho
  
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• Amazon’s drugs unlikely to prove fatal to pharmacies, say experts

  23-11-2020 12:00 via ft.com
  Online retailer delivers jolt to the healthcare sector but wholesale disruption deemed unlikely
  
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• Retail crisis is the mother of urban centre reinvention

  23-11-2020 11:30 via ft.com
  
  Landlords consider new uses for property in a country that has up to 30 per cent more selling space than it needs
  
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• Selfridges, Chanel and Bicester Village warn £1bn could be lost in investment on back of tax-free shopping cut

  23-11-2020 10:15 via retailgazette.co.uk
  //  Luxury brands warn Government over loss of investment in wake of cuts to tax-free shopping
  // Selfridges, Chanel, Burberry and Bicester Village owners Value Retail among those warning of impact from end of VAT relief for touristsSome of the UK’s best-known luxury brands have warned the Government that cutting the VAT relief for tourists could result in £1 billion of lost investment, according to The Financial Times.
  Selfridges, Chanel, Burberry and Bicester Village owners Va
  
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• Selfridges, Chanel & Bicester Village warn £1bn could be lost in investment on back of tax-free shopping cut

  23-11-2020 10:15 via retailgazette.co.uk
  //  Luxury brands warn government over loss of investment in wake of cuts to tax-free shopping
  // Selfridges, Chanel, Burberry & Bicester Village owners Value Retail among those warning of impact from end of VAT relief for touristsSome of the UK’s best-known luxury brands have warned the government that cutting the VAT relief for tourists could result in £1 billion of lost investment, according to The Financial Times.
  Selfridges, Chanel, Burberry and Bicester Village parent
  
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• Lawyers to question Boohoo executives over ‘fake discount’ accusations

  23-11-2020 09:25 via retailgazette.co.uk
  // US lawyers to ask for testimony from Boohoo executives over alleged fake discounts
  // Judges rejected Boohoo’s attempt to dismiss legal action
  // The case comes as Leicester MP renews calls for Boohoo CEO to resignBoohoo’s top brass will be questioned by lawyers over accusations that it offered discounts to customers based on inflated original prices, according to The Telegraph.
  The fast fashion retailer’s executives and high-ranking managers will face questioning from lawye
  
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• Lawyers to question Boohoo execs over “fake discount” accusations

  23-11-2020 09:25 via retailgazette.co.uk
  // US lawyers to ask for testimony from Boohoo executives over alleged fake discounts
  // Judges rejected Boohoo’s attempt to dismiss legal action
  // The case comes as Leicester MP renews calls for Boohoo CEO to resignBoohoo’s top brass will be questioned by lawyers over accusations that it offered discounts to customers based on inflated original prices, according to The Telegraph.
  The fast fashion retailer’s executives and high-ranking managers will face questioning from lawye
  
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• Halfords recruiting 1,100 temporary jobs for Christmas

  23-11-2020 09:03 via retailgazette.co.uk
  // Halfords launches recruitment drive to meet rising demand for cycling
  // Bicycle and car part specialist looks to add 1,100 temporary staff for festive periodA surge in demand for bicycles means Halfords is recruiting 1,100 temporary jobs for the festive season.
  The temporary vacancies are in addition to a recruitment drive for a wide range of permanent positions across Halford’s stores.
  “With the public turning to alternatives to public transport, this has led to extra demand for
  
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• Gov’t to allow non-essential shops to reopen when English lockdown ends next week

  23-11-2020 08:39 via retailgazette.co.uk
  // PM Boris Johnson set to outline plans for end of 4-week lockdown in England
  // Non-essential retail to reopen in stricter tier system from mid next week
  // News will be welcome for industry forced into closure during peak tradingBoris Johnson is this afternoon expected to announce that non-essential shops in all areas of England will be allowed to open at the end of the second national lockdown next week.
  With December 2 fast approaching, the Prime Minister is set to outline the details of a
  
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• Gov set to announce non-essential shops to reopen after English lockdown ends next week

  23-11-2020 08:39 via retailgazette.co.uk
  // Boris Johnson set to outline plans for end of lockdown
  // Non-essential retail to reopen in stricter tier system
  // News will be welcome for industry forced into closure during peak tradingThe Prime Minister is this afternoon expected to announce that non-essential shops in all areas of England will be allowed to open at the end of the second national lockdown.
  With December 2 fast approaching, PM Boris Johnson is set to outline the details of a return to the “three tier system”,
  
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• Covid and Brexit could see UK manufacturers bringing it all back home

  23-11-2020 07:00
  
  Up to £4.8bn worth of goods for British retailers can be made locally, says reportUK factories could be making up to £4.8bn more goods for British retailers in the next 12 months as the coronavirus pandemic and Brexit prompt businesses to bring home production.The additional orders, largely of food and fashion but potentially including DIY products and homewares, would be equivalent to the country’s entire current clothing manufacturing output, according to a report by advisory
  
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• Your guide to getting ready for Brexit

  23-11-2020 01:00 via theretailbulletin.com
  
  The Brexit transition period is ending soon – are you ready for the new ways of trading across European borders from 1st January 2021? Get the... View Article
  
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• Why leading retailers are using Softworks Workforce Management Solutions

  23-11-2020 01:00 via theretailbulletin.com
  
  In the fast paced and changing world of retail, managing your workforce effectively and efficiently has never been more important. Softworks works with a number of... View Article
  
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• VIA Outlets hires first sustainability director

  23-11-2020 01:00 via theretailbulletin.com
  
  VIA Outlets has appointed Geert Paemen as its first group sustainability director. In the newly created role, she will oversee and develop the company’s sustainability strategy... View Article
  
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• TJ Hughes store fined for breaking lockdown rules

  23-11-2020 01:00 via theretailbulletin.com
  
  The TJ Hughes department store in Middlesbrough has been issued with fines totalling £17,000 by its local council for breaking lockdown rules. The store was also... View Article
  
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• Royal Mail launches TV advert ahead of festive parcels boom

  23-11-2020 01:00 via theretailbulletin.com
  
  Royal Mail has launched a new TV advert that reminds consumers and business customers of the different ways they can send and return parcels in the... View Article
  
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• PMM hires Joern Taubert as chief executive

  23-11-2020 01:00 via theretailbulletin.com
  
  PMM, the omnichannel household appliance, consumer electronics and entertainment retailer in Greece and Cyprus, has appointed Joern Taubert as its new chief executive. Taubert was previously... View Article
  
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• Morrisons unveils new ‘Market Kitchen’ concept

  23-11-2020 01:00 via theretailbulletin.com
  
  Morrisons has given its Edgbaston store a makeover to make it part-supermarket and part-fresh food takeaway. In the new ‘Market Kitchen’ section of the store, meals... View Article
  
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• Lululemon appoints new chief financial officer

  23-11-2020 01:00 via theretailbulletin.com
  
  Lululemon Athletica has promoted Meghan Frank to the position of chief financial officer. Due to take up her role on 23 November, she will be the... View Article
  
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• Halfords recruits for 1,100 temporary Christmas roles

  23-11-2020 01:00 via theretailbulletin.com
  
  Car parts and cycling retailer Halfords is to create 1,100 temporary roles in the lead-up to Christmas. The company said the positions will be service related... View Article
  
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• Furniture Village sales up 25% as it announces two new store openings

  23-11-2020 01:00 via theretailbulletin.com
  
  Furniture Village is planning to open two new stores next month as it looks to expand its store footprint in the Midlands and the South. Due... View Article
  
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• Cake Box makes sustained recovery

  23-11-2020 01:00 via theretailbulletin.com
  
  Cake Box, the specialist retailer of fresh cream cakes, has said it has made a sustained recovery since the height of the coronavirus pandemic when its... View Article
  
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