Retail news

• House of Fraser closes another store as Cardiff branch shuttered

  03-02-2023 17:06 via retailgazette.co.uk
  
  // House of Fraser is soon to cease trading in Wales as it closes Cardiff branch
  // The grade II listed Howells building is closing after 150 years to be repurposed into a mixed-use developmentHouse of Fraser is set to close its Cardiff branch as investors plan redevelopment of the grade II listed building.
  The store, located inside the Howells Building, is currently displaying “Closing Down – extra 20% off” signs as well as selling store furniture, mannequins, and store d
  
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• Paperchase launches 20% off sale following administration

  03-02-2023 16:22 via retailgazette.co.uk
  
  // Paperchase launches 20% off sale following its administration and rescue by Tesco
  // The stationery retailer plunged into administration earlier this weekPaperchase has launched a 20% off sale following its administration
  The stationery retailer plunged into administration earlier this week, appointing Begbies Traynor to handle the process, with Tesco buying its IP and brand but not its 106 stores.
  Begbies Traynor are trading Paperchase’s operations in the short term with all stores rem
  
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• Kering creates in-house beauty unit in effort to widen customer base

  03-02-2023 14:44
  Division will develop cosmetics and perfumes for various brands owned by the French luxury group
  
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• In The Style key investors cut stakes as losses set to widen

  03-02-2023 14:07 via retailgazette.co.uk
  
  // Two major In The Style shareholders significantly cut their stakes in the retailer
  // The etailer was forced to widen its losses last month and expects to make an adjusted EBITDA loss of between £4.25m and £4.75m for the yearTwo of In The Style’s major investors have cut their stakes in the online fashion retailer after it warned last month that losses would widen.
  The etailer made the warning as sales plummeted 22% during the golden quarter.
  The retailer’s second
  
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• In The Style key investors cut stakes amid losses warning

  03-02-2023 14:07 via retailgazette.co.uk
  
  // In The Style suffers further loss as two major shareholders significantly cut their stakes in the retailer
  // The etailer was forced to widen its losses last month and expects to make an adjusted EBITDA loss of between £4.25m and £4.75m for the yearTwo of In The Style’s major investors have cut their stakes in the online fashion retailer after it warned last month that losses would widen.
  The etailer made the warning as sales plummeted 22% during the golden quarter.
  The
  
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• Yours Clothing rescues M&Co from administration

  03-02-2023 13:26 via retailgazette.co.uk
  
  // Yours Clothing acquires M&Co for an undisclosed sum
  // M&Co fell into administration in December after facing rising costsYours Clothing has swooped to rescue Scottish retailer M&Co from administration for an undisclosed sum.
  The owner of plus size retailer Yours Clothing, AK Retail Holdings has bought the brand and intellectual property of M&Co.
  AK Retail Holdings also owns menswear line BadRhino, Long Tall Sally and Bump It Up Maternity.Subscribe to Retail Gazette for f
  
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• Yours Clothing rescues M&Co brand from administration

  03-02-2023 13:26 via retailgazette.co.uk
  
  // Yours Clothing acquires the brand and intellectual property of M&Co for an undisclosed sum
  // M&Co fell into administration in December after facing rising costsYours Clothing has swooped to rescue Scottish retailer M&Co from administration for an undisclosed sum.
  The owner of plus size retailer Yours Clothing, AK Retail Holdings has bought the brand and intellectual property of M&Co.
  AK Retail Holdings also owns menswear line BadRhino, Long Tall Sally and Bump It Up Mate
  
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• Yours Clothing buys M&Co brand from administration

  03-02-2023 13:26 via retailgazette.co.uk
  
  // Yours Clothing acquires the brand and intellectual property of M&Co for an undisclosed sum
  // M&Co fell into administration in December after facing rising costsYours Clothing has swooped to buy Scottish retailer M&Co from administration for an undisclosed sum.
  The owner of plus size retailer Yours Clothing, AK Retail Holdings has bought the brand and intellectual property of M&Co.
  AK Retail Holdings also owns menswear line BadRhino, Long Tall Sally and Bump It Up Materni
  
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• Asda creates in-store signage from recycled nappies

  03-02-2023 13:06 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEAsda has produced the UK’s first in-store signage using recycled nappies in a bid to help tackle the issue of plastic waste.
  Created in partnership Pura, the signs will be used to replace plastic on shelving selling products from the eco-friendly baby brand in 320 stores.
  Read more on Grocery GazetteSubscribe to Retail Gazette for free
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• Iceland prices rise the most out of UK supermarkets

  03-02-2023 11:25 via retailgazette.co.uk
  
  // Iceland has seen its prices rise the most out of the UK’s major grocers
  // The frozen food retailer recorded a 10.1% increase in prices since January 2021Iceland has been named as the UK supermarket where prices have increased the most.
  The new research from trolley.co.uk Grocery Price Index (GPI) found that while all of the UK’s major supermarkets have increased their prices over the past year, Iceland has seen its prices rise the most.
  Iceland has recorded a 10.1% increase in it
  
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• Zara starts charging for online returns in Spain

  03-02-2023 10:18 via retailgazette.co.uk
  
  // Inditex is expanding its return fee for Zara to its home market of Spain
  // A fee of 1,95 euros will be deducted from a processed refund, unless goods are dropped off at a physical storeZara has begun to charge online returns for products in Spain, joining other countries in which the Spanish group’s flagship brand had already begun to apply this measure, which includes all European markets.
  The retailer’s parent company Inditex has been charging online shoppers in select regions
  
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• 6 retailers that bounced back from administration

  03-02-2023 09:41 via retailgazette.co.uk
  
  HMV revealed it was back in the black earlier this month for the first time since it was bought out of administration by Sunrise Records owner Doug Putman in 2019.
  Retail Gazette takes a look at the other retailers that have returned to growth after going bust.
  Bensons for BedsBensons for Beds returned to the black just 18 months after it was rescued in a pre-pack deal from Alteri Investors in June 2020.
  The postive trading has continued despite the cost-of-living crisis, with like-for-likes up
  
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• Amazon to shutter some Fresh and Go stores as its cuts costs

  03-02-2023 09:36 via retailgazette.co.uk
  
  // Amazon reports better-than-expected revenue at $149.2bn, while its profit slumped to $300m as it warns operating profit could fall to zero in the current quarter
  // The business is closing some Fresh supermarkets and Go convenience stores as it looks to curtail expensesAmazon has said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers clamping down on spending.
  The company’s total net sales were $14
  
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• Amazon to shut some Fresh stores as full-year profits halve

  03-02-2023 09:36 via retailgazette.co.uk
  
  // Despite Amazon posting better-than-expected sales, it warns that operating profit could fall to zero in the current quarter
  // The business is closing some Fresh supermarkets and Go convenience stores as it looks to curtail expensesAmazon full-year profits more than halved to $12.2bn as international sales, including the UK, fell 8%.
  Amazon has embarked on extensive cost-cutting, which has seen it axe 18,000 jobs, has “decided to exit certain stores with low-growth potential”, acc
  
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• Asos partners with GoodWeave to tackle modern slavery in India

  03-02-2023 08:59 via retailgazette.co.uk
  
  // Asos has joined forces with GoodWeave International, a non-profit organisation working to end child and forced labour
  // The retailer will begin selling select products covered under the GoodWeave Standard later this year.Asos has teamed up with GoodWeave International, a non-profit organisation working to end child, forced and bonded labour in global supply chains, to address label risks in fashion apparel and accessories suppliers in India.
  The collaboration will see the online fashion
  
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• Tesco chicken supplier should pay to clean up River Wye, says charity

  03-02-2023 08:45
  
  Campaigners urge leading poultry producer Avara Foods to fund reparations for pollution from its chicken farm suppliersAvara Foods, a leading supplier of chicken to Tesco, is being urged by campaigners to pay reparations to help clean up the River Wye.The Wye, a river running from mid-Wales to the Severn estuary, has been affected by increasing algal blooms. These are partly caused by poultry farms spreading more manure than the land can absorb, say scientists, leading to excess phosphorus leach
  
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• Adidas launches first label in 50 years fronted by actress Jenna Ortega

  03-02-2023 08:31 via retailgazette.co.uk
  
  // Adidas launches its first label in 50 years and will be fronted by Wednesday actress Jenny Ortega
  // Adidas Sportswear will sit beside the Originals and Performance labelsAdidas is launching its first label in 50 years aimed at Gen Z customers and will be fronted by Wednesday actress Jenna Ortega.
  The new line, Adidas Sportswear, will be released worldwide on 9 February with early access via the app on 2 February.
  The collection, which is “inspired and built for the next generation
  
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• Adidas launches first label in 50 years fronted by actress Jena Ortega

  03-02-2023 08:31 via retailgazette.co.uk
  
  // Adidas launches its first label in 50 years and will be fronted by Wednesday actress Jenny Ortega
  // Adidas Sportswear will sit beside the Originals and Performance labelsAdidas is launching its first label in 50 years aimed at Gen Z customers and will be fronted by Wednesday actress Jenny Ortega.
  The new line, Adidas Sportswear, will be released worldwide on 9 February with early access via the app on 2 February.
  The collection, which is “inspired and built for the next generation
  
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• Yours Clothing snaps up Scottish clothing chain M&Co

  03-02-2023 01:00 via theretailbulletin.com
  
  AK Retail Holdings has bought the brand and intellectual property of collapsed Scottish retailer M&Co. ​ A K Retail, which owns Yours Clothing, BadRhino, Long Tall... View Article
  
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• Very expands Everyday own brand collection

  03-02-2023 01:00 via theretailbulletin.com
  
  Very is expanding its Everyday own-brand value collection with more than 900 new fashion and home products. The retailer said the move follows strong customer demand... View Article
  
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• Screwfix moves closer to target of 1,000 branches

  03-02-2023 01:00 via theretailbulletin.com
  
  Screwfix is accelerating its store expansion programme across the UK, Republic of Ireland and France as it moves closer to its target of 1,000 branches. Part... View Article
  
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• Pretty Little Thing to open new office and showroom in London

  03-02-2023 01:00 via theretailbulletin.com
  
  Pretty Little Thing has signed for a new 4,375 square foot showroom and office space in London’s West End. Situated at 29-31 Great Portland Street, the... View Article
  
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• Pets at Home creates new role of veterinary officer

  03-02-2023 01:00 via theretailbulletin.com
  
  Pets at Home has appointed Gudrun Ravetz to the newly created position of veterinary officer of Pets at Home Group. Currently head of workplace engagement of... View Article
  
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• Over £1 million donated to local communities through MADL

  03-02-2023 01:00 via theretailbulletin.com
  
  Over £1 million was donated to good causes across the UK through Nisa’s Making a Difference Locally charity last year. Making a Difference Locally (MADL) is... View Article
  
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• Online underwear retailer Lounge to open pop-up shop in Manchester

  03-02-2023 01:00 via theretailbulletin.com
  
  UK-owned online lingerie brand Lounge is opening its first-ever Manchester-based retail pop up space in February. The opening marks Lounge’s second retail pop-up and their first... View Article
  
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• Nudie Jeans teams up with ACS on remote repairs service

  03-02-2023 01:00 via theretailbulletin.com
  
  Nudie Jeans has partnered with circular fashion hub Advanced Clothing Solutions to enable it to expand its repairs service. ACS has become Nudie’s first ever Official... View Article
  
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• Freemans boosted by “cracker of a Christmas”

  03-02-2023 01:00 via theretailbulletin.com
  
  The Freeman digital department store has reported having a “cracker of a Christmas” as it benefits from the effectiveness of its ongoing transformation programme. Sales in... View Article
  
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• Co-op team up with PayPal

  03-02-2023 01:00 via theretailbulletin.com
  
  Co-op has partnered with payment provider, PayPal, to offer additional choice for shoppers through the retailer’s online shop. Co-op offers an online service through more than... View Article
  
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• Boots kick off first celebrity partnership with Vick Hope

  03-02-2023 01:00 via theretailbulletin.com
  
  Vick Hope joins Liz Earle Beauty as first ever celebrity partner 2023 sees the start of a new partnership for Liz Earle Beauty with radio and... View Article
  
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• ASOS teams up with GoodWeave to address labour rights in fashion supply chains

  03-02-2023 01:00 via theretailbulletin.com
  
  ASOS is teaming up with GoodWeave, a non-profit organisation working to end child, forced and bonded labour in global supply chains, on the launch of a... View Article
  
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• Asda and Pura create UK’s first in-store signage from recycled nappies

  03-02-2023 01:00 via theretailbulletin.com
  
  Asda has collaborated with eco-friendly baby brand Pura on the production of the UK’s first in-store signage using recycled nappies. Replacing plastic signage, the signs will... View Article
  
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• Adidas appoints Jenna Ortega as face of new Adidas Sportswear label

  03-02-2023 01:00 via theretailbulletin.com
  
  Adidas has appointed actress Jenna Ortega as as the face of its soon-to-be launched Adidas Sportswear label. The first new label to be introduced by Adidas... View Article
  
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