In recent months, the UK retail industry has seen several retailers begin proceedings for or actually launch on the stock market with an IPO. Big retail names that pursued this include The Hut Group, Moonpig, Dr Martens, In The Style, Made.com, The Very Group, and Pepco, the parent company of Poundland.
An IPO refers to the process of offering shares of a private corporation to the public in a new stock issuance. Companies must meet requirements by exchanges and the Securities and Exchange Comm
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How 2021 is shaping up as the year of the IPO
-
Pandora to scrap mined diamonds
// Pandora will ditch mined diamonds and switch to lab-grown stones
// The new Pandora Brilliance range is described as its “first lab-created diamond collection”
// The range includes earrings, necklaces and rings, with prices starting at £250Pandora has announced it will stop selling mined diamonds with the switch to lab-grown stones billed as making its jewellery more affordable.
The jeweller said it is the first big retailer to completely switch to lab-grown stones followin -
Ebay could soon accept cryptocurrency
Ebay could reportedly begin accepting cryptocurrency in the feature, following in its previous stablemate PayPal’s footsteps.
The online marketplace said in a statement to Reuters last week it was “always looking at the most relevant forms of payment and will continue to assess that going forward”.
It added that the digital payments space was “something we are keeping an eye on”, but stipulated it had “no immediate plans” to begin accepting the -
M&S hires former Waitrose buying exec as head of beers, wines and spirits
// M&S hires Andrew Shaw as new head of beers, wines and spirits
// Shaw served at upmarket grocer Waitrose as buying manager from 2007 to 2012
// He will report to M&S ambient trading director Lizzy MasseyMarks & Spencer has appointed the former buying manager of Waitrose, Andrew Shaw, as its head of beers, wines and spirits.
Shaw previously served as wine buying director at Conviviality Retail, before moving on to becoming buying director at Bibendum Wine.
He served at upmarket gro -
Pandora jewellery brand says it will stop selling mined diamonds
via theguardian.comChain becomes first big retailer to completely switch to lab-grown stones, amid ethical concernsPandora has become the first big jeweller to turn its back on mined diamonds, with the switch to lab-grown stones billed as making its jewellery more affordable.On Tuesday the mass-market brand, best known for its charm bracelets, launched Pandora Brilliance, which it described as its “first lab-created diamond collection”. The range, which includes earrings, necklaces and rings, features -
Morrisons brings back refillable containers at fresh fish & meat counters
// Morrisons reintroduces refillable container service at fresh fish & meat counters to reduce single use plastic
// It says 2000 tonnes of plastic a year could be saved if every customer used a refillable container for their counter purchases
// The refillable container service will be available in all Morrisons storesMorrisons has reintroduced its refillable container service at its fresh fish and meat counters to reduce the amount of single use plastic packaging used in stores.
Morrisons -
High street footfall drops due to cold temperatures
// High street footfall declined last week due to drop in temperatures
// Customers flocked to shopping centres due to wind and rain
// Bank holiday weekend footfall strengthened, increasing from the previous weekFootfall across UK retail destinations has declined by two per cent last week from the week before as temperatures dropped.
The drop was driven by a decline of 6.1 per cent in high streets whilst footfall rose by 2.8 per cent in shopping centres and 1.6 per cent in retail parks.
Over th -
Frasers Group to buy back £60m worth of shares despite Covid woes
// Frasers Group plans to spend £60m on buying 10 million shares between now and July
// No reason was given but businesses usually buy shares & hold them to reduce the number publicly available
// It comes less than a month after Frasers Group said it could take a hit in excess of £200m due to Covid-19Frasers Group has announced plans to spend £60 million between now and and July despite warning last month that it would suffer a £200 million hit from the Covid-19 pan -
Empty River Island and Debenhams stores converted into climate emergency centres
// Vacant high street units are being converted into climate emergency centres
// The units were left empty due to the change in consumers’ shopping habitsMany high street retail units including the likes of Debenhams, Homebase and River Island across England and Wales have been converted into climate emergency centres “for the benefit of people and planet”.
The units were left empty due to the change in consumers’ shopping habits following the Covid-19 pandemic.
Owners o -
How John Lewis’s brand of middle-class aspiration lost its lustre | Lynsey Hanley
via theguardian.comThe PM’s ‘John Lewis nightmare’ comes at a time when Britain’s ailing city centres are bidding farewell to department storesBoris Johnson and his fiancee, Carrie Symonds, have spent an estimated £200,000 from who knows where renovating their official flat in order to avoid the shame of being upper-class people with middle-class furnishings. It’s not surprising that their – and according to Tatler magazine their visitors’ – distaste for Theres -
Amazon paid zero corporation tax on European operations last year despite record sales
Amazon paid no corporation tax on its European operations last year despite breaking sales records as it continues what MPs are calling its “relentless campaign of appalling tax avoidance”.
According to corporate filings in Luxembourg, where Amazon’s EU headquarters is situated, the retailer raked in a whopping €44 billion (£38 billion) across its European markets last year.
Despite this Amazon’s Luxembourg unit, which handles the sales for the UK, Germany, Fra -
Frasers Group in talks with EU tax authorities over VAT bills
// Frasers Group is being scrutinised by EU tax authorities over a VAT arrangement
// The arrangement involved it paying VAT in the UK on all of its sales to customers overseas over a seven-year period
// This prompted scrutiny from EU tax authorities over potential missed VAT paymentsFrasers Group is being scrutinised by EU tax authorities over an arrangement that saw it incorrectly pay VAT in the UK in the last seven years.
Documents filed at the High Court reveal that Sports Direct, prior to -
Made.com expands UK warehouse space to “grow business sustainably”
// Made.com to expand UK warehouse logistics operations
// The extension is part of a long-term strategy to grow sustainably
// Made.com will house additional stock, reducing time between customer order and fulfilmentMade.com has announced it will expand its UK warehouse logistics operations with the development of an additional 350,000sq ft warehouse at DP World’s London Gateway Logistics Park in Tilbury.
The extension of its UK warehousing facility is part of its long-term strategy to gr -
WHSmith considers taking over Dixons Carphone’s airport stores
// WHSmith mulls taking over Dixon Carphone’s airport stores
// Dixons Carphone recently confirmed it would close down 35 travel shops – placing 400 jobs at risk
// WHSmith recently secured £325m to fund an expansion scheme as it bet on the recovery of travelWHSmith is reportedly mulling the possibility of taking over Dixon Carphone’s airport stores as part of a travel recovery gamble.
According to The Telegraph, WHSmith chief executive Carl Cowling is sizing up Dixo -
Moss Bros launches menswear subscription service
// Moss Bros launches new £65 monthly subscription service for renting menswear suits and formalwear
// Customers can choose two items, from a selection 180 products, from casual to formalwear with unlimited swaps
// If the customer finds what Moss Bros calls “a keeper” there is the option to buy for up to 50% off the retail price.Suit and formalwear retailer Moss Bros has launched a new monthly subscription service for renting outfits.
Bosses hope the £65-a-month “ -
Why tech investors want to pay for your groceries
via ft.com‘As new apps arrive, I could probably get a month’s worth of food shopping brought to my doorstep for free’ -
Big Tech wants to pay for your groceries
via ft.com‘As new apps arrive, I could probably get a month’s worth of food shopping brought to my doorstep for free’ -
Zara launches own cosmetics line
Fashion retailer Zara has launched its own cosmetics line called Zara Beauty. Available worldwide, the range is housed in its own section in-store and will also... View Article -
Vashi to open new flagship London store
Bespoke fine jewellery brand Vashi is to open a new flagship store in London’s Covent Garden later this month as part of plans to transform its... View Article -
Made.com expands UK warehousing operations
Furniture retailer Made.com is to expand its UK warehousing operations through the development of an additional 350,000 square foot facility at DP World’s London Gateway Logistics... View Article -
IKEA’s decision to continue as Living Wage employer welcomed
IKEA’s decision to continue its commitment to being a Living Wage employer has been welcomed by the Usdaw trade union. The furniture and homewares retailer will... View Article -
How Linnworks helped RexBrown launch Mattel on eBay UK.
Fueled by ecommerce acceleration in 2020, marketplaces have become a critical path for brands to reach their customers everywhere they spend time shopping online. However, for... View Article -
Hotel Chocolat launches branded spaces within Waitrose stores
Luxury chocolate brand Hotel Chocolat has extended its longstanding relationship with the John Lewis Partnership by securing solus branded spaces for its products in selected Waitrose... View Article -
H&M launches free 24-hour suit rental service
H&M has a launched a new free men’s suit rental service called ONE/SECOND/SUIT to help those attending job interviews to make a good first impression. The... View Article -
Giant Bicycles UK deploys new tech to support over 300 retail partners
Introduction of new digital asset management software simplifies how retailers access important imagery and product information. Giant Bicycles, one of the world’s top bicycle manufacturers, has... View Article -
Ensuring a smooth ‘back to business’ for retail employees
Guest Post: Peter Harte, Group Vice President, EMEA, UKG. With non-essential retailers open and the majority having ironed out any initial challenges with the reintroduction, it’s essential... View Article
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