Retail news

• Amazon posts solid sales but softer cloud growth

  02-02-2023 22:57
  Ecommerce company warns of ‘uncertain environment’ as economic worries prompt budget cutbacks
  
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• Paul Smith to stop trading in Russia

  02-02-2023 20:03
  British fashion brand admits making ‘mistake’ not making move over franchise partner sooner
  
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• The power of positive impact: how Lush has made sustainability pay

  02-02-2023 17:35 via retailgazette.co.uk
  
  //  Lush has been a retail sustainability leader since their origins in 1995
  //  What fuels their passion and how can retailers learn from their success?In 2023 most consumers would say they care about sustainability. The impact of the products we buy on our planet and the connection between the actions we take and our impact on our environment are clear for all to see. As sustainability becomes a way for businesses to demonstrate their value to customers, we ask what it means to be tr
  
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• JD Sports sets out new 5 year strategy, 350 new stores a year planned

  02-02-2023 16:14 via retailgazette.co.uk
  
  // JD Sports sets out five-year plan to become the “leading global sports-fashion powerhouse”
  // It is targeting capital expenditure of between £500m and £600m each year with 50% to 60% focused on store expansionJD Sports has set out plans to become the “leading global sports-fashion powerhouse” under new CEO Régis Schultz’s five-year growth plan.
  The retailer plans to achieve double digit sales growth and double digital market share in key region
  
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• Holland & Barrett to launch concessions in WHSmith travel stores

  02-02-2023 16:00 via retailgazette.co.uk
  
  // Holland & Barrett to launch concessions in WHSmith travel stores in Heathrow Terminal 2, Gatwick North Terminal and London’s Euston Rail Station
  // The health and beauty retailer will offer a curated range of products for customersHolland & Barrett will launch concessions in WHSmith travel stores as it looks to expand its presence.
  The health and beauty retailer will offer a curated range of products for customers at Heathrow Terminal 2, Gatwick North Terminal and London’s
  
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• JD Sports to open up to 1,750 shops over the next five years

  02-02-2023 15:32
  Chief executive Régis Schultz plans £600mn annual investment to expand in US and Europe
  
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• JD Sports to open up to 1,750 shops over next five years

  02-02-2023 15:32
  Chief executive Régis Schultz plans £600mn annual investment to expand in US and Europe
  
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• Screwfix nears 1,000 stores as it pushes ahead with expansion strategy

  02-02-2023 12:25 via retailgazette.co.uk
  
  // Kingfisher has opened 87 stores in the past 12 months, pushing it closer to its goal of 1,000 branches
  // It now has 870 shops across the UK, the Republic of Ireland and FranceScrewfix is nearing its ambition to open more than 1,000 stores across the UK, Republic of Ireland and France as it pushes full steam ahead with its store expansion strategy.
  The DIY retailer opened 87 stores in the past 12 months across the region, bringing the total number of branches to 870.
  Screwfix opened its
  
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• JD Sports to venture ‘beyond’ physical retail and open 350 new stores a year

  02-02-2023 12:14 via retailgazette.co.uk
  
  // JD Sports sets out five-year plan to become the “leading global sports-fashion powerhouse”
  // It is targeting capital expenditure of between £500m and £600m each year with 50% to 60% focused on store expansionJD Sports has set out plans to become the “leading global sports-fashion powerhouse”.
  The sportswear retailer has unveiled a five-year plan to analysts and investors at a Capital Markets Event where CEO Régis Schultz will update on the group&rsq
  
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• Hotel Chocolat appoints former Kellogg’s finance chief as new CFO

  02-02-2023 11:36 via retailgazette.co.uk
  
  // Hotel Chocolat hires Jon Akehurst as its new chief financial officer
  // He has had leadership roles with General Mills, Mars, Aggreko and most recently at Terumo CorporationHotel Chocolat has appointed Jon Akehurst as its new chief financial officer with effect from May.
  The confectionary retailer said Akehurst, who is set to replace Matt Pritchard, will also join as an executive board director.
  He was the UK and Ireland finance director at Kellogg company in 2019.
  He has also had leadership
  
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• Pep&Co to axe jobs at UK head office

  02-02-2023 09:56 via retailgazette.co.uk
  
  // Pep&Co is axing 30 jobs at its Watford head office as it relocates buying operations to Poland
  // It said the majority of roles affected are in the buying departmentPoundland‘s clothing arm Pep&Co is axing 30 jobs at its Watford head office as the retailer moves its buying operations to Poland, Drapers reports.
  The retailer launched a consultation with 30 employees last month and said the majority of roles affected are in the buying department. 
  It will transition to o
  
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• Superdry boss has ‘no plans’ to take business private

  02-02-2023 09:43 via retailgazette.co.uk
  
  // Superdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the fashion retailer private
  // The fashion retailer cut full-year expectations to breakeven after profits slipped in JanuarySuperdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the fashion retailer private, following media reports he was considering that move.
  He reassured investors and said he has “no plans to do this at the moment”.
  The comments come after repo
  
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• Paperchase: What went wrong and why did Tesco buy it?

  02-02-2023 09:33 via retailgazette.co.uk
  
  The UK’s largest retailer Tesco has swooped to save struggling stationery and greetings card retailer Paperchase as part of a pre-pack deal that placed around 1,000 jobs at risk.
  Paperchase collapsed into administration on Tuesday morning following a tumultuous past couple of years, in which it has been through a string of owners as it desperately sought to stay afloat.
  Although Paperchase has found a home with the UK’s largest retailer, the acquisition is expected to lead to mass s
  
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• Paperchase: What went wrong?

  02-02-2023 09:33 via retailgazette.co.uk
  
  The UK’s largest retailer Tesco has swooped to save struggling stationery and greetings card retailer Paperchase as part of a pre-pack deal that placed around 1,000 jobs at risk.
  Paperchase collapsed into administration on Tuesday morning following a tumultuous past couple of years, in which it has been through a string of owners as it desperately sought to stay afloat.
  Although Paperchase has found a home with the UK’s largest retailer, the acquisition is expected to lead to mass s
  
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• ScS ‘encouraged by recent order levels’ as it maintains outlook

  02-02-2023 09:17 via retailgazette.co.uk
  
  //  ScS is on track to meet full-year market expectations, after being “encouraged by recent order levels”.
  // The Sunderland-headquartered furniture business said that like-for-like order intake momentum “improved significantly”
  ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year as a result.
  The flooring and furniture giant posted order growth of 2.6% for the 10 weeks to 28 January 2023, which included the key winter
  
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• M&S names Amazon Fashion boss as director of third party brands

  02-02-2023 08:59 via retailgazette.co.uk
  
  // M&S taps Amazon Fashion general manager Nishi Mahajan as its new director of third-party brands
  // She will join the department store retailer‘s clothing and home leadership team in mid-AprilMark & Spencer has named Amazon Fashion general manager Nishi Mahajan director of third-party brands at the business, Drapers reports.
  Mahajan has spent six years at Amazon, the last two and a half in the general manager role and has been responsible for the online retailer’s growth st
  
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• M&S hires Amazon Fashion boss

  02-02-2023 08:59 via retailgazette.co.uk
  
  // M&S taps Amazon Fashion general manager Nishi Mahajan as its new director of third-party brands
  // She will join the department store retailer‘s clothing and home leadership team in mid-AprilMarks & Spencer has named Amazon Fashion general manager Nishi Mahajan as director of third-party brands at the business, Drapers reports.
  Mahajan has spent six years at Amazon, the last two and a half in the general manager role and has been responsible for the online retailer’s growt
  
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• Very extends own-brand Everyday value range

  02-02-2023 08:38 via retailgazette.co.uk
  
  //  Very is set to launch 1,000 more products into its new own-brand value range that launched last summer as the cost of living in the UK soars
  // Very Group retail MD: “We want to bolster our value credentials, so this time we have released a thousand lines, mainly in fashion”Very will be launching another 1,000 products into its Everyday value range in a bid to help shoppers impacted by the ongoing cost of living crisis, Drapers reports.
  The products launching later this mont
  
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• Wickes appoints Jeff Brazier as wellbeing ambassador

  02-02-2023 01:00 via theretailbulletin.com
  
  Home improvement retailer Wickes has appointed TV presenter Jeff Brazier as its wellbeing ambassador for 2023. As a trained life coach and grief counsellor, Brazier will... View Article
  
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• Superdry has no current plans to take the group private

  02-02-2023 01:00 via theretailbulletin.com
  
  Founder and CEO Julian Dunkerton of British fashion retailer Superdry, has no current plans to take the group private, the company said today following media speculation... View Article
  
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• ScS set to meet full year market expectations

  02-02-2023 01:00 via theretailbulletin.com
  
  Furniture retailer ScS has said it is on track to meet its full year market expectations after being “encouraged” by recent order levels. In an interim... View Article
  
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• Pep&Co to cut jobs at UK head office

  02-02-2023 01:00 via theretailbulletin.com
  
  Poundland‘s clothing arm Pep&Co is axing 30 jobs at its Watford head office as the retailer moves its buying operations to Poland. The decision came after... View Article
  
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• One Stop’s scholarship programme now open

  02-02-2023 01:00 via theretailbulletin.com
  
  One Stop’s scholarship programme, which launched in 2020, is now open to entrants for 2023. To apply, candidates must be 18-24 and educated through a state school.... View Article
  
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• Net-A-Porter, Mr Porter and The Outnet launch care and repair service

  02-02-2023 01:00 via theretailbulletin.com
  
  Net-A-Porter, Mr Porter and The Outnet are launching a care, repair and alteration service to help customers extend the life of luxury garments. In a partnership... View Article
  
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• Marks & Spencer appoints director of third-party brands

  02-02-2023 01:00 via theretailbulletin.com
  
  Marks & Spencer has appointed Amazon executive Nishi Mahajan as director of third-party brands. She will succeed Neil Harrison who stepped down from the role last year.... View Article
  
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• Mallow & Marsh acquired by The Serious Sweets Company

  02-02-2023 01:00 via theretailbulletin.com
  
  Confectionery brand Mallow & Marsh has been acquired by Harrogate-based The Serious Sweets Company (SSC) for an undisclosed sum. Mallow & Marsh was established in 2013... View Article
  
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• Lanvin Group chief financial officer steps down

  02-02-2023 01:00 via theretailbulletin.com
  
  Lanvin Group has announced that Shang Koo has informed its board that he will be stepping down as chief financial officer. Until a replacement is found,... View Article
  
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• JD Sports to open up to 350 new stores

  02-02-2023 01:00 via theretailbulletin.com
  
  JD Sports has outlined ambitious growth plans to open up to 350 stores globally each year. The sports fashion retailer’s recently-appointed boss, Regis Schultz, said it... View Article
  
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• Hotel Chocolat appoints new CFO

  02-02-2023 01:00 via theretailbulletin.com
  
  Hotel Chocolat has named Jon Akehurst as its new chief financial officer (CFO) and executive board director. Akehurst who is set to replace Matt Pritchard was previously... View Article
  
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• Holland & Barrett partners with WHSmith travel stores in new trial

  02-02-2023 01:00 via theretailbulletin.com
  
  Holland & Barrett has partnered with WHSmith to offer a curated range of health, beauty and wellness products for customers travelling across the UK or jetting off on holiday.... View Article
  
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• High street footfall boosted by return to offices

  02-02-2023 01:00 via theretailbulletin.com
  
  New figures have shown that footfall declined by 18.8% in January 2023 from December 2022, compared to a rise of 5.8% from November to December. According... View Article
  
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• 5 Reasons to enter the People in Retail Awards

  02-02-2023 01:00 via theretailbulletin.com
  
  What we love about The People in Retail awards are that they focus on the positives and send employees a clear message that what they’re doing... View Article
  
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