Retail news

• The Hut Group acquires skincare retailer for £259m from US giant Target

  29-12-2020 11:04 via retailgazette.co.uk
  // The Hut Group has acquired US skincare retailer Dermstore.com for £259m
  // Dermstore.com is an online pureplay retailer for professional-grade skincare products and specialist beauty brandsThe Hut Group (THG) has acquired US skincare retailer Dermstore.com, and has invested in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
  THG agreed to purchase Dermstore.com for $350 million (£259 million) from US retail giant Target.
  The acquisition
  
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• Boxing Day footfall drops 75.9% as Brits stay at home

  29-12-2020 10:49 via retailgazette.co.uk
  // Footfall on Boxing Day in Tier 4 areas dropped by 75.9% compared to the same day in 2019
  // Footfall in Tiers 2 and 3 fell by 33.1% and 38.5% respectively
  // Shopping centres were the worst hit, with footfall down 65.4% year on yearNew research has found that shoppers remained at home on Boxing Day as Tier 4 restrictions spread across more regions.
  Overall footfall on Boxing Day in Tier 4 areas – where all non-essential retail stores are closed – dropped by 75.9 per cent compared
  
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• Brexit food price increase “very modest” Tesco chair says

  29-12-2020 10:26 via retailgazette.co.uk
  // Tesco chair John Allan said impact on food prices due to Brexit will not affect shoppers
  // The “tariff-free trade deal” would make food price increases negligible
  // Tesco will continue to be able to keep its supermarkets in Northern Ireland suppliedTesco chair John Allan has reportedly said any impact on food prices due to Brexit will be “very modest”, following the recent news of a deal between the UK and EU.
  Allan said the deal was a “good outcome” for
  
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• The pandemic has been good to big US retail firms – to their workers, less so

  29-12-2020 10:00
  
  Profits are soaring for the likes of Amazon and Walmart but their workers have received only modest pay raisesSomething doesn’t add up in the United States. Profits at retail companies are booming due to the Covid-19 pandemic. But the retail workers who have ensured those profits while facing serious health risks, are being rewarded with paltry pay rises. Related: Which NYPD officers have most complaints against them? | Mona ChalabiContinue reading...
  
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• Hut Group buys trio including Dermstore.com for $430m

  29-12-2020 09:37
  Online beauty and health retailer continues expansion following September IPO
  
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• The Hut Group spends more than £300m on acquisitions

  29-12-2020 09:28
  
  Online retail company buys US site Dermstore.com and two UK-based nutrition suppliers The Hut Group, the online retail company run by billionaire Matthew Moulding, has spent more than £300m on acquisitions as it continues aggressive expansion plans after listing on the stock market.It is buying Dermstore.com, an online skincare retailer, from the US retail chain Target for $350m (£259m). It is also spending almost £60m on the purchase of two UK-based nutrition suppliers, Clarem
  
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• Flat pack, rising prices: Ikea furniture is now collectable

  29-12-2020 08:08
  
  Low-cost products from the 1960s to the 1990s can be worth thousands of poundsDon’t chuck out your old flatpack furniture just yet – you could be sitting on a fortune. Since Ikea launched a scheme to buy back and resell unwanted furniture in November, classic designs once sold at bargain prices by the retailer have become expensive must-have items. Some collectors are willing to pay thousands of pounds for vintage pieces designed for the Swedish chain, including some that were common
  
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• Flat pack with effervescent prices: Ikea furniture is now collectable

  29-12-2020 07:00
  
  Low-cost products from the 1960s to the 1990s can now be worth thousands of poundsDon’t chuck out your old flatpack furniture just yet – you could be sitting on a fortune. Since Ikea launched a scheme to buy back and resell unwanted furniture in November, classic designs once sold at bargain prices by the retailer have become expensive must-have items. Some collectors are willing to pay thousands of pounds for vintage pieces designed for the Swedish chain, including some that were co
  
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• Amazon’s advertising business booms in pandemic

  29-12-2020 05:00
  Ads unit is growing faster than retail or cloud computing divisions
  
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• Veganuary predicts biggest year as Covid lockdown inspires diet overhaul

  29-12-2020 01:01
  
  Plant-based campaign sets target of 500,000 signatories worldwideCoronavirus – latest updatesSee all our coronavirus coverageOrganisers of Veganuary are gearing up for their biggest ever year next month since the meat-free pledge was launched seven years ago, thanks to a surge in consumers tucking into more plant-based foods during lockdown and greater concern about health and the environment.The UK-based campaign, which since 2014 has asked people to pledge to follow a diet free of animal
  
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• VF Corporation completes acquisition of Supreme

  29-12-2020 01:00 via theretailbulletin.com
  
  VF Corporation, the owner of The North Face, Vans and Timberland, has completed its acquisition of the Supreme streetwear brand. As a result, Supreme has become a... View Article
  
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• The Hut Group acquires US beauty retailer and two UK nutrition businesses

  29-12-2020 01:00 via theretailbulletin.com
  
  Health and beauty retailer The Hut Group has agreed to acquire US online skincare and beauty specialist Dermstore.com for $350 million from Target Corporation. In a... View Article
  
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• Woolworths is forging on with its Dan Murphy's plan for Darwin. That makes me angry | Thomas Mayor for IndigenousX

  29-12-2020 00:47
  
  NT communities such as Bagot choose to be dry – and despite its approval, they choose to oppose the alcohol superstore
  The Northern Territory director of liquor licensing, ignoring the advice of an independent liquor licensing panel and Indigenous health organisations, has given the green light for “fresh food” giant Woolworths to build a Dan Murphy’s, an alcohol megastore, in Darwin. The result will be devastating, fanning liquor fumes across several dry Indigenous commu
  
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