Retail news

• The 13 new female CEOs leading UK retailers

  30-01-2023 21:30 via retailgazette.co.uk
  
  The number of women hired as chief executives of UK retailers rose to a record high last year.
  Thirteen female leaders were hired to the top job of UK retailers in 2022, which equates to 31% of the 42 appointments made, according to management consultancy Korn Ferry.
  Retail Gazette looks into the new intake of female CEOs.
  Lyssa McGowan, chief executive, Pets at Home
  Pets at Home hired Sky chief consumer officer Lyssa McGowan as its new chief executive. She took over from Peter Pritchard in June
  
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• Asda strengthens supply chain support with Lloyds Bank finance partnership

  30-01-2023 15:30 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTE
  Asda is strengthening its supply chain thanks to a new partnership with LLoyds Bank which will provide the supermarket’s network of UK suppliers with a source of reliable working capital.The Supplier Finance programme – which will support a range of suppliers throughout Asda’s supply chain – has come at a time when the grocery sector is facing high inflation and low consumer confidence.
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• Iceland boss Richard Walker to stay at supermarket if elected as MP

  30-01-2023 14:08 via retailgazette.co.uk
  
  // Iceland MD Richard Walked has dismissed claims he will step down from his role if elected MP
  // Walker, who made a bid in October, said it was “important politics has people that aren’t just inside the Westminster bubble”.Iceland boss Richard Walker has dismissed claims he will step down from his role if elected as an MP.
  The executive chairman, who it emerged was making a bid to become MP back in October, said the claims were “laughable” arguing that &ldquo
  
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• In pictures: Clarks teams up with Zara for new footwear collection

  30-01-2023 13:43 via retailgazette.co.uk
  
  // Clarks unveils new collaboration with Zara
  // The fashion giant has reinvented the footwear retailer’s classic Wallabee & Dessert Boots silhouettesClarks has teamed up with the world’s biggest fashion retailer, Zara for a new collaboration which sees both its classic Wallabee and Dessert Boot reinvented.
  Zara said one of the key elements of the new collection has been “the interpretation of the iconic models by using chunky crepe soles to make it unique”.
  The footw
  
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• JD Sports warns data of 10mn customers put at risk in cyber attack

  30-01-2023 13:38
  Retailer is latest high-profile UK company to be targeted by hackers
  
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• Amazon: ‘Alexa, can you tell me where the money went?’

  30-01-2023 13:34
  The US ecommerce group must rethink its investments
  
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• JD Sports hit by cyber-attack that leaked 10m customers’ data

  30-01-2023 12:06
  
  Retail group says incident affected shoppers at JD, Size?, Millets, Blacks, Scotts and Millets Sport brandsThe fashion retailer JD Sports said the personal and financial information of 10 million customers was potentially accessed by hackers in a cyber-attack.The company said incident, which affected some online orders made by customers between November 2018 and October 2020, targeted purchases of products of its JD, Size?, Millets, Blacks, Scotts and Millets Sport brands. Continue reading...
  
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• BREAKING: JD Sports hit by cyber attack, customer data leaked

  30-01-2023 10:43 via retailgazette.co.uk
  
  // JD Sports has been the target of a cyber incident
  // The affected JD Sports group brands are JD, Size?, Millets, Blacks, Scotts and MilletSportJD Sports has been hit by a cyber attack, resulting in the unauthorised access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020.The affected brands from the group are JD, Size?, Millets, Blacks, Scotts and MilletSport.
  The information that may have been accessed consists of the name,
  
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• Asos inks deal with Secret Sales for unsold stock

  30-01-2023 10:41 via retailgazette.co.uk
  
  // Asos inks deal with Secret Sales allowing shoppers to snap up items at reduced prices
  // The selection of 1000 products will be refreshed fortnightly with plans to expand the range in the futureAsos has signed a deal with Secret Sales to sell unsold stock as the online giant scales back on discounting.
  From today, UK consumers will be able to shop from a selection of up to 1,000 products from Asos’ brands including Topshop, Topman and Miss Selfridge on the non-full-price marketplac
  
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• UK retailers appoint record number of women CEOs

  30-01-2023 10:14 via retailgazette.co.uk
  
  // The number of women appointed to chief executive roles within the British retail industry hit a record high last year – making up 31% of the 42 appointments made
  // Back in 2021, just four female bosses were appointed, making up 22% of 18 hiresThe number of women appointed to chief executive roles within the UK retail industry hit a record high last year, new research has shown.
  Thirteen female chief executives were hired in 2022, making up 31% of the 42 appointments made, according to
  
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• Poor customer service costs UK firms billions – so why can’t they get it right?

  30-01-2023 10:00
  
  New research estimates that staff spend an average of one day a week dealing with problems. But as our readers tell us, some companies find a way to go the extra mileSince the Covid lockdowns, many companies have scaled down customer service, extending deadlines for complaint resolution and reducing staff. Some have removed helplines, leaving customers reliant on ineffectual chatbots.As a result, traders are taking record amounts of time to resolve issues, and taking record hits to their profits
  
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• Frasers Group rolls out own ‘buy-now, pay-later’ offer

  30-01-2023 09:49 via retailgazette.co.uk
  
  // Mike Ashley’s Fraser Group is embarking on a financial services push under new boss Michael Murray
  // Technology developed by Tymit, a fintech startup in which Frasers has a 20% stake, will be used for online paymentsFrasers Group will launch new financial services this year that allows shoppers to buy products through its own buy-now, pay-later (BNPL) scheme.
  The retail group plans to lend customers up to £2,000 under its new “Frasers Plus” brand, rolled out by new ch
  
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• Frasers Group rolls out ‘Frasers Plus’ buy-now, pay-later app

  30-01-2023 09:49 via retailgazette.co.uk
  
  // Mike Ashley’s Fraser Group is embarking on a financial services push under new boss Michael Murray
  // Technology developed by Tymit, a fintech startup in which Frasers has a 20% stake, will be used for online paymentsFrasers Group will launch new financial services this year allowing shoppers to buy its products through its own buy-now, pay-later (BNPL) scheme.
  The retail group plans to lend customers up to £2,000 under its new “Frasers Plus” brand, rolled out by new c
  
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• Frasers Group increases stake to become second-largest shareholder in N Brown

  30-01-2023 09:24 via retailgazette.co.uk
  
  // Frasers Group ups its stake in N Brown to become its second-largest shareholder behind Lord David Alliance
  // The retail group has upped its holdings to 17.88%Mike Ashley’s Frasers Group has significantly increased its stake in N Brown to become its second-largest shareholder…
  The owner of Sports Direct and House of Frasers has upped its holdings to 17.88%, according to filings with the London Stock Exchange.
  The move means the group is now N Brown’s second largest single s
  
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• Lidl to invest £4bn into British food industry in 2023

  30-01-2023 09:08 via retailgazette.co.uk
  
  // Lidl reveals £4bn investment in British food businesses in 2023
  // This accelerates initial spending plans announced in 2019, with its five-year investment commitment set to be exceeded by an additional £2bnLidl GB has unveiled plans to invest £4 billion in British food businesses in 2023, as the value supermarket cements its support for suppliers across the country.
  This accelerates initial spending plans unveiled in 2019, which saw the German retailer commit to a five-year
  
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• Sainsbury’s customers to benefit from Nectar points bonanza

  30-01-2023 01:00 via theretailbulletin.com
  
  Sainsbury has launched a bonus Nectar points period where customers are set to benefit from over a total of 50 million loyalty points. Through ‘The Big... View Article
  
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• Q&A: Soraia Andersen of InColour Designs

  30-01-2023 01:00 via theretailbulletin.com
  
  When the Retail Bulletin team visited the Top Drawer design-led retail exhibition a couple of weeks ago, we discovered a host of exciting new brands. Here... View Article
  
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• People matter: Top tips on gratitude from the TRB team

  30-01-2023 01:00 via theretailbulletin.com
  
  [Part 5] The rewarding impact of showing gratitude. Gratitude in the workplace is often underrated. While some leaders are quick with a “thank you,” others are... View Article
  
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• Matchesfahion receives £60m cash injection from Apax

  30-01-2023 01:00 via theretailbulletin.com
  
  The private equity backer of Matchesfashion, the online upmarket fashion retailer, is pumping tens of millions of pounds of new funding into the business as it... View Article
  
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• Liverpool ONE kicks off 2023 with news of Hollister relocation and Gilly Hicks entry

  30-01-2023 01:00 via theretailbulletin.com
  
  Hollister is to relocate to a new space within the Liverpool One shopping destination which will also house ita  Gilly Hicks sub-brand. Set to open this... View Article
  
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• Lidl to invest £4 billion in UK food businesses in 2023

  30-01-2023 01:00 via theretailbulletin.com
  
  Lidl GB is to invest £4 billion in British food businesses in its current financial year as it looks to provide further support for its suppliers.... View Article
  
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• Kering appoints new creative director for Gucci

  30-01-2023 01:00 via theretailbulletin.com
  
  Kering has appointed Sabato De Sarno as the new creative director of Gucci. He will present his first runway collection for the brand at September’s Milan... View Article
  
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• JD Sports hit by cyber attack leaking 10m customers’ data

  30-01-2023 01:00 via theretailbulletin.com
  
  JD Sports is contacting customers who have been affected by a cyber attack that may have exposed their personal details. The incident impacted 10 million people... View Article
  
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• [Free report] New data reveals how business priorities overlook consumer expectations

  30-01-2023 01:00 via theretailbulletin.com
  
  Only 21% of businesses intend to increase ad spend on Snapchat or TikTok in the year ahead, yet those channels are currently the most used platforms... View Article
  
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• ASOS embarks on unsold stock partnership with Secret Sales

  30-01-2023 01:00 via theretailbulletin.com
  
  ASOS has embarked on a new partnership where its unsold stock will be sold on Secret Sales’ website. Secret Sales customers will be able to shop... View Article
  
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• Aldi confirmed as cheapest supermarket by independent survey

  30-01-2023 01:00 via theretailbulletin.com
  
  Aldi has been confirmed as the UK’s cheapest supermarket in a new independent price comparison survey. According to trade magazine The Grocer, the retailer offered the... View Article
  
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