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John Lewis and Waitrose to dim lights and cut temperatures to save energy
via theguardian.comPartnership firm predicted it will overspend on power by £18m without action such as supermarket chain going to ‘half lighting’John Lewis is to turn down the temperature in its department stores and Waitrose supermarkets will dim their lights in an attempt to bring runaway energy bills under control.The staff-owned John Lewis Partnership, which includes Waitrose, said its energy bill is threatening to go nearly £20m over budget. Continue reading... -
Ocado puts brakes on expansion as online grocery demand eases
via ft.comGroup tells investors it will pause rollout of automated distribution centres in UK -
John Lewis/Abrdn: transporting tenants to the Aisles of the Blessed
via ft.comRenting out UK dwellings is an entirely different business to selling saucepans -
Tesco’s supermarket and Express stores has wider price gap than Sainsbury’s
// Tesco has wider pricing gap between its supermarket shops and convenience formats than Sainsbury’s
// Last month, the price gap between Tesco’s larger stores and its Express shops was 10.4%Tesco has a wider pricing gap between its supermarket shops and convenience stores than rival Sainsbury’s.
Last month, the price gap between Tesco’s larger stores and its Express shops was 10.4%, according to a price tracking survey carried out by ESA Retail, The Grocer reported.
Tha -
Can Stan Smith trainers survive the attentions of Matt Hancock?
via theguardian.comThe former health secretary wore a pair of the Adidas classics as he left the jungle after under-fire Balenciaga launched their own tie-in. Is there any coming back?In 2022, the swiftest way to kill a trend is to see it championed by a Tory, a Royal or Balenciaga.This week, Adidas’s Stan Smith shoes managed to complete this triptych after they were worn by both former health secretary, Matt Hancock, and Royal-by-marriage, Mike Tindall, as they left the I’m A Celebrity jungle as loser -
First look: Shein’s London Christmas pop-up store
// Today, Shein opened the doors of its London Christmas pop-up experience to the public, as the fast fashion giant continues to expand its physical retail strategy.
// Charged went down and visited the store, located at The Stables, 25 Shelton St, West End, London, to see what was on offer for shoppers.Read the full story and see the store at Charged Retail
Click here to sign up to Retail Gazette‘s free daily email newsletter -
Morrisons’ £6.6bn debt could lead to £200m hit to profits
// Morrisons loses market share as rating agency Fitch Ratings raises concerns over £6bn debt pile
// Fitch warned rising costs could result in a £200 million hit to Morrisons’ profits for the next three yearsMorrisons has lost market share after raising prices faster than rivals as rating agency Fitch Ratings prompts concerns over the grocer’s debts.
The supermarket chain has faced rising costs, which Fitch warned could result in a £200 million hit to its profits f -
Unbound Group appoints former New Look CFO to board
// Unbound names Alastair Miller as independent non-executive director with immediate effect
// Miller was the chief financial officer at New Look between 2000 and 2014Unbound Group has appointed Alastair Miller as an independent non-executive director to the company’s board with immediate effect.
The parent company of Hotter Shoes said Miller carries an excellent understanding of the dynamics of ecommerce and AIM-listed businesses with significant experience in the retail i -
M&S’s 12 days of Sparks returns “bigger and better”
// M&S brings back “bigger and better” 12 Days of Sparks campaign
// Sparks customers can enjoy free festive treats and personalised offersM&S has brought back its 12 Days of Sparks digital advent calendar “bigger and better than before” after the success of last year’s campaign.
Starting this month, 16 million Sparks customers will be able to access festive treats on the department store retailer‘s app and the retailer’s website.
The daily -
London’s festive shoppers tighten their belts
via ft.comInflation, energy prices and rail strike threats add to retail woes -
Shein overtakes Zara as world’s most popular fashion brand
// Shein named most popular fashion brand in the world
// Money.co.uk found that Shein is the most searched fashion brand globallyShein has been labelled as the world’s most popular fashion brand, according to data from price comparison website money.co.uk.
The website found that Shein is the most searched fashion brand globally, topping the searches across 113 countries.
The fast fashion retailer is followed by Zara, which took the top spot in 2021.Subscribe to Retail Gazette fo -
Tesco reveals Clubcard change ahead of Christmas
// Tesco revamps Clubcard scheme to offer personalised coupons every two weeks
// The digital coupons will be selected based on a customers’ shopping habitsTesco has made a change to its Clubcard scheme ahead of the Christmas period.
The grocer‘s Clubcard members will now receive personalised coupons every two weeks in the run up the Christmas Day, rather than every six weeks.
The digital coupons will be selected based on a customers’ shopping habits and will include bonus poin -
Hush names former Feelunique exec Sarah Miles as CEO
// Hush appoints Sarah Miles as new chief executive
// Miles will join the role in January succeeding Kate Bartman, who has held the position since 2020Hush has appointed former Feelunique executive Sarah Miles to take over from Kate Bartman as chief executive.
Miles will join the women’s retailer on January 16 2023, bringing with her 25 years of experience driving growth in major UK-based and global retailers.
Bartman will return to her previous role as chief trading officer after tw -
Seasonal worker visa puts migrants at risk of exploitation, say supermarkets
via theguardian.comIndustry fears hastily designed scheme is leading to human rights abuses and debt bondage in supply chainsBritain’s hastily designed seasonal worker visa is causing a headache for supermarkets, which are concerned its structure is incompatible with their public pledges on preventing human rights abuses and debt bondage in their supply chains.All the big supermarkets have been holding urgent roundtable meetings with growers and others in the industry over the past month to try to find a way -
John Lewis agrees £500m deal with Abrdn to build 1,000 rental homes
via theguardian.comWaitrose shops in Bromley and West Ealing will be redeveloped, and vacant warehouse in ReadingThe John Lewis Partnership has struck a £500m deal with the investment firm Abrdn to build 1,000 residential rental homes, redeveloping three sites already owned by its Waitrose and eponymous retail store chains .The group intends to redevelop Waitrose shops in Bromley and West Ealing, and a vacant John Lewis warehouse in Reading, as the first part of a plan to build a total of 10,000 new homes ov -
Asos interim chief financial officer to exit
// Asos’ interim chief financial officer Katy Mecklenburgh will step down in May 2023
// Mecklenburgh, who succeeded Matt Dunn, is departing to join SoftcatAsos’s interim chief financial officer Katy Mecklenburgh will be leaving the business following her six-month notice period.
Mecklenburgh, who will leave the online fashion giant in May 2023, is set to join London-listed IT group Softcat.
The outgoing interim chief had only held the role since the end of October, when COO and -
UK retailer John Lewis links up with Abrdn to build homes for rent
via ft.comJoint venture plans to turn some shops and other properties into houses -
Why M&S is protecting Percy: How copycats cash in and why brands are fighting back
// READ MORE ON GROCERY GAZETTECopycat products in the grocery world are nothing new, with own-label versions of popular branded products often sitting on supermarket shelves and flying under the radar for years before someone takes notice.
But recently, brands have been fighting back. From Lindt winning a court battle against Lidl over its foil-wrapped chocolate bunnies to Thatchers suing Aldi for allegedly copying its Cloudy Lemon Cider, a host of brands and retailers have decided enough is en -
John Lewis unveils £500m plan to build 1000 rental homes
// The John Lewis Partnership has announced the first three locations where it proposes to build new rental homes
// The homes will be developed and managed by the John Lewis PartnershipThe John Lewis Partnership has revealed plans to build 1,000 rental properties on its land as part of a plan to diversify its business.
The homes would form part of the UK’s growing ‘built-to-rent’ property market as the Partnership seeks to raise standards in rental property, both through its r -
Mike Ashley’s Frasers Group snaps up online homeware retailer Amara
// Frasers Group buys online luxury homeware retailer Amara.com
// The acquisition comes as Ashley’s retail empire continues to expand following its acquisition of Gieves & Hawkes last monthFrasers Group chief executive Michael Murray revealed that his retail conglomerate has snapped up the leading online platform for luxury global homeware brands, Amara.com.
Amara houses over 300 of the world’s leading home brands, including Versace Home, Ralph Lauren and more.
Last night Murray -
ScS chief financial officer to exit
// ScS has said that its chief financial officer Chris Muir plans to step down from the business
// In a statement, the company said the process to identify a successor will begin immediatelyScS has said that its chief financial officer Chris Muir has notified its board that he will be stepping down.
Muir has a 12-month notice period and will remain with the business while a replacement is appointed and to facilitate a smooth handover.
The furniture and flooring retailer said a process to identi -
UK farmers making tiny profits as supermarkets boast record takings
via theguardian.comMinisters urged to act as study shows average block of cheese or loaf of bread makes farmers less than a penny UK farmers are receiving negligible profits for many items as food prices rise and supermarkets boast record takings.An average block of cheese or loaf of bread produces less than a penny for farmers, and fruit producers do not fare much better, making just 3p from each kilo of apples. Continue reading... -
The dark side of retail therapy
via ft.comAt what point does bargain hunting turn into shopping addiction? -
The charm of second-hand gifts
via ft.comFrom designer classics to charity-shop curios, a carefully chosen ‘preloved’ item can be stylish and sustainable -
Zara opens largest store in Ireland at Blanchardstown Centre
A new Zara store has opened at Dublin’s biggest retail and leisure destination, Blanchardstown Centre. Spanning 52,000 square feet, the shop is the Inditex owned brand’s... View Article -
Toasting indie d2c retailers this Christmas
At the advent of the Christmas season, we reflect back on the independent drink retailers that have stood out during 2022 and (in the writers opinion),... View Article -
The Yards, Covent Garden launches festive activation that uses pioneering geo-located technology
The Yards, Covent Garden has launched a festive activation that uses pioneering geo-located technology for the first time in a UK retail setting. Called 12 Drops... View Article -
ScS chief financial officer to step down
ScS has announced that its chief financial officer, Chris Muir, has notified its board that he will be stepping down. The upholstered furniture retailer said a... View Article -
Pepco opens milestone 3,000th store
Pepco Group, the owner of the Poundland, Pepco and Dealz retail brands, has reached a milestone opening of its 3,000th Pepco store. The shop in Berlin forms... View Article -
OnBuy ranked as one of UK’s fastest growing tech companies
British online marketplace OnBuy has been named as one of the country’s fastest-growing tech companies. The business has been officially recognised in Deloitte’s UK Technology Fast 50 2022... View Article -
Mapic review: retail property back on the front foot
Physical retail is gaining momentum following a torrid time during Covid-19, with stores increasingly recognised as playing a critical role in the multi-channel model, and food... View Article -
M&S brings back ‘bigger and better’12 Days of Sparks digital advent calendar campaign
Marks & Spencer has brought back its 12 Days of Sparks digital advent calendar for its Sparks loyalty customers. The move follows the success of last... View Article -
M&S brings back ‘bigger and better’ 12 Days of Sparks digital advent calendar campaign
Marks & Spencer has brought back its 12 Days of Sparks digital advent calendar for its Sparks loyalty customers. The move follows the success of last... View Article -
Key Edinburgh tram stop renamed for a month to mark Jollyes store opening
One Edinburgh’s key tram stops has been renamed as Edinburgh ‘Bark’ station for the whole of December to celebrate the opening of a debut store in... View Article -
ASOS interim CFO to step down
ASOS Plc on Friday said its interim Chief Financial Officer Katy Mecklenburgh will step down from the role to become Softcat Plc’s CFO after working her... View Article
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