Retail news

• Dragons’ Den star’s lingerie chain warns of doubts over its finances

  08-02-2023 17:06
  
  Theo Paphitis owns Boux Avenue and Rymans, which face ‘material uncertainty’ about remaining going concernsThe former Dragons’ Den Den panellist Theo Paphitis says retailers are facing “one of the most complex balancing acts ever”, as two of his retail businesses face “material uncertainty” about remaining going concerns after being forced into the red by the Covid crisis.His Ryman stationery chain is struggling to refinance a £10m government-backe
  
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• Dragons’ Den star’s lingerie and stationery chains warn of doubts over finances

  08-02-2023 17:06
  
  Theo Paphitis owns Boux Avenue and Ryman, which face ‘material uncertainty’ about remaining going concernsThe former Dragons’ Den panellist Theo Paphitis says retailers are facing “one of the most complex balancing acts ever”, as two of his retail businesses face “material uncertainty” about remaining going concerns after being forced into the red by the Covid crisis.His Ryman stationery chain is struggling to refinance a £10m government-backed loa
  
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• eBay to slash 4% of its global workforce in order to ‘continue to be successful’

  08-02-2023 15:14 via retailgazette.co.uk
  
  // eBay plans to cut 500 jobs, about 4% of its staff in the latest bout of layoffs for the ecommerce sector
  // CEO Jamie Iannone says the move to cut staff gives the business ‘additional space to invest and create new roles in high-potential areas’eBay is joining the ranks of other tech companies with mass layoffs and has said it will be cutting 500 jobs in order to “continue to be successful”.
  The online giant will be axing about four per cent of its workforce, according
  
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• Pandora full-year sales sparkle as profits climb 11.2%

  08-02-2023 14:58 via retailgazette.co.uk
  
  // Pandora kicks off the new year with “solid trading” as last year’s profits jumped 11.2% to £1.04bn
  // Sales topped £3.16bn in the year to 31 December 2022 despite “pockets of consumer weakness”Pandora has kicked off the new year with “solid” trading as it reports profits climbed 11.2% to £1.04bn in 2022.
  The jewellery giant showed “good resilience” against macroeconomic uncertainty as sales jumped 7% to £3.16bn
  
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• Sosandar to raise £4.5m after Sainsbury’s tie-up

  08-02-2023 14:32 via retailgazette.co.uk
  
  // Sosandar is raising £4.5m to accelerate the execution of its omnichannel strategy
  // The etailer will use the funds to invest in stock following its partnership with Sainsbury’sSosandar plans to raise £4.5m via a placing to accelerate its omnichannel strategy following its tie-up with Sainsbury’s.
  The womenswear etailer said the funds will be used to invest in stock so it can increase its range in-store with third-party partners.
  The retailer is offering shares at 22p
  
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• Sosandar raises £5.4m to expand range for Sainsbury’s deal

  08-02-2023 14:32 via retailgazette.co.uk
  
  // Sosandar has raised £5.4m to accelerate its omnichannel strategy
  // The etailer will use the funds to invest in stock following its partnership with Sainsbury’sSosandar has raised £5.4m via a placing to accelerate its omnichannel strategy following its tie-up with Sainsbury’s.
  The womenswear etailer will use the funds to invest in stock so it can increase its range in-store with third-party partners.
  Both existing and new investors backed Sosandar’s placing.
  Sosa
  
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• Next promotes Lipsy co-founder to executive director

  08-02-2023 14:08 via retailgazette.co.uk
  
  // Next has promoted Lipsy co-founder Jeremy Stakol to executive director, who will lead acquisitions for the retail giant
  // The retailer has been on an acquisition spree, snapping up brands including Joules, Made.com and JoJo Maman BebeNext has promoted Lipsy co-founder Jeremy Stakol to its board, as he takes on the role of group investments, acquisitions and third party brands director.
  Stakol, who founded Lipsy with his wife Marcelle, joined Next when they sold the brand to the retail giant
  
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• Tesco and M&S pledge combined £150K to earthquake appeal

  08-02-2023 14:05 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTETesco and Marks and Spencers has donated a total of £150,000 to The Sun’s Earthquake Appeal.
  Big 4 grocer pledged £100,000 and Marks and Spencers £50,000 to the emergency fund.
  “Tesco fully supports this appeal and has committed to donate £100,000 to support the essential relief efforts of the British Red Cross,” Tesco UK and ROI and Jason Tarry said.
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• Ryman owner Theo Paphitis sees resurgence in stores but warns on 2023 trading

  08-02-2023 13:37 via retailgazette.co.uk
  
  // Theo Paphitis Retail Group has seen a resurgence in store performance, with plans to continue its investment in stores and online
  // The Boux Avenue and Ryman owner did warn on possible headwinds throughout 2023Theo Paphitis Retail Group has seen a resurgence in store performance, with plans to continue its investment in stores and online, but the Boux Avenue and Ryman owner did warn on possible headwinds throughout 2023.
  In the six weeks to 24 December Christmas 2022, trading saw performance
  
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• Holland & Barrett launches ‘Great British Poo Taboo’ for gut health

  08-02-2023 13:37 via retailgazette.co.uk
  
  // Holland & Barrett introduces new “Great British Poo Taboo” to help customers improve their gut health
  // The show has been designed for loo viewing, where 57% of people can be found scrolling on their phoneHolland & Barrett has introduced a new “sit-down” show to help people listen to and improve their gut health.
  The initiative comes after the health and wellness retailer found that over half (58%) of people have experienced gut health issues, while 58% a
  
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• Canada Goose to double stores and add new categories

  08-02-2023 12:24 via retailgazette.co.uk
  // Canada Goose plans to more than double its retail footprint as part of its new five-year strategic plan
  // The luxury fashion retailer will also be adding new categories including eyewear, luggage and homeCanada Goose has unveiled some ambitious goals as part of its new five-year strategic plan, focusing on three growth pillars.
  The luxury fashion retailer‘s first is to accelerate consumer-focused growth, growing the lifetime value of the brand’s longstanding and new customers wit
  
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• Matchesfashion names ex-Asos exec John Mooney as executive creative director

  08-02-2023 12:04 via retailgazette.co.uk
  
  // Ex-Asos Global Brand Creative Director John Mooney has followed his former boss Nick Beighton to Matchesfashiona, taking up the role of Executive Creative Director
  // Mooney worked with Asos for over 13 years & earlier in his career, he worked with Topshop Topman and Alexander McQueenMatchesFashion has appointed Asos’ former Global Brand Creative Director John Mooney as its executive creative director as part of plans to strengthen its executive team.
  Mooney has more than 20 years o
  
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• George at Asda launches adapted clothing range for kids with disabilities

  08-02-2023 11:47 via retailgazette.co.uk
  
  // George at Asda launches new kidswear collection in support of independent dressing for children and young people with disabilities
  // All items feature discreet and practical modifications that make day-to-day dressing easier for youngsters with special requirements
  In a supermarket first, George at Asda has launched an adapted clothing range in supportof independent dressing for children and young people with disabilities.
  Following the success of its Easy on Easy Wear school unifo
  
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• JD Sports completes sale of 5 fashion brands to Frasers

  08-02-2023 11:14 via retailgazette.co.uk
  
  // JD Sports has formally completed the divestment of brands to Frasers Group, including Tessuti, Scotts, Choice & Giulio
  // Rascal Clothing, which was originally slated for sale, has been withdrawn from the dealJD Sports has formally completed the divestment of non-core UK fashion brands to Frasers Group.
  Brands including Tessuti, Scotts, Choice, Giulio and Cricket brands have all been sold to Mike Ashley’s Frasers under the terms outlined on 16 December 2022, a statement on London St
  
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• Wilko introduces click-and-collect in all UK stores

  08-02-2023 08:45 via retailgazette.co.uk
  
  // Wilko launches click-and-collect service in UK stores
  // The retailer said the new service is one way which would make it easier for customers to shopWilko is introducing a click-and-collect service in all of its stores across the UK.
  The retailer said the new service is one way which would make it easier for customers to shop for the items they need.
  Other additions and changes to shopper experience include; launching pick a day and / or time delivery, creating third party parcel collection
  
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• House of Fraser turns Birmingham shop into outlet store

  08-02-2023 08:36 via retailgazette.co.uk
  
  // House of Fraser transforms Corporation Street store in Birmingham into an outlet store.
  // The top three floors of the store, which was formerly Rackhams, have now been closedHouse of Fraser has transformed its Corporation Street store in Birmingham into an outlet store.
  All prices are being discounted by a further 20% off at the tills. The message is that “all stock must go”.
  The top three floors of the store, which was formerly Rackhams, have now been closed. A series of portabl
  
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• Inflation set to add £18.2bn to UK non-food retail sales in 2023

  08-02-2023 08:00 via retailgazette.co.uk
  
  // UK non-food retail sales values are expected to hit £249 billion in 2023
  // The report found that 80% of retailers were planning to increase the price of products, with 40% suggesting rising costs will be the biggest challenge in 2023UK non-food retail sales values are expected to hit £249bn in 2023, but the 2.6% increase, or an additional £18.2bn of spending on the previous year, will be driven entirely by rising consumer prices, new data reveals.
  The Ecommerce Deliver
  
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• The Brazilian billionaires embroiled in a $3.9bn scandal

  08-02-2023 06:01
  Plus, Illumina turns to lobbyists to back its Grail takeover and DD looks at Abu Dhabi’s stock market darling
  
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• The revenge of the incumbents

  08-02-2023 06:00
  Amazon’s retreat on physical stores shows that disruption is harder than it looks
  
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• Wilko launches click and collect service at all stores

  08-02-2023 01:00 via theretailbulletin.com
  
  Wilko is launching a debut click and collect service at all 400 of its stores. The move is part of the household and garden retailer’s strategy... View Article
  
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• Whistl awarded business Superbrand status

  08-02-2023 01:00 via theretailbulletin.com
  
  Whistl, the UK’s leading logistics specialists in e-fulfilment, mail and parcels has been awarded Superbrand status for its leading reputation in the logistics industry. Superbrand is... View Article
  
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• Virgin Experience Days makes two new senior hires to accelerate US growth

  08-02-2023 01:00 via theretailbulletin.com
  
  Virgin Experience Days has made two new two senior hires to accelerate the growth of its business in the US. Carrie Keplinger has been appointed as... View Article
  
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• Theo Paphitis interviewed at Spring Fair

  08-02-2023 01:00 via theretailbulletin.com
  
  The Retail Bulletin team was wowed by this week’s Spring Fair, the marketplace for wholesale home, gift and fashion, where retailers including the likes of Next, Argos, Sainsbury,... View Article
  
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• Silpo, LPP and C&A join Checkpoint Systems at Euroshop 2023

  08-02-2023 01:00 via theretailbulletin.com
  
  Checkpoint Systems, a global leader in RFID and RF technology solutions, will participate in three speaking sessions at Euroshop 2023, taking place in Dusseldorf, Germany from... View Article
  
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• Shoe Zone’s open new concept store in Ashton Under Lyne

  08-02-2023 01:00 via theretailbulletin.com
  
  A brand-new store from footwear retailer Shoe Zone will launch in Ashton Under Lyne on Saturday 11th of February. The new store in the Ladysmith Shopping... View Article
  
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• Sainsbury’s champions black founder-led brands with successful £1m incubator programme

  08-02-2023 01:00 via theretailbulletin.com
  
  Sainsbury’s has announced the first three black founder-led brands to be stocked on its shelves this year after they were chosen to take part in the... View Article
  
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• People are “at the heart of our business” says Ikea

  08-02-2023 01:00 via theretailbulletin.com
  
  According to Swedish furniture brand Ikea, their values are the ‘compass’ that guides them in everything we do. Building a culture for 170,000 global employees can’t... View Article
  
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• Olio rescue 30 million meals through partnership with Tesco

  08-02-2023 01:00 via theretailbulletin.com
  
  Tens of thousands of ‘Food Waste Hero’ volunteers have now stopped more than 30 million meals from going to waste, thanks to the partnership between Tesco... View Article
  
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• Next appoints Lipsy’s Jeremy Stakol as executive director

  08-02-2023 01:00 via theretailbulletin.com
  
  Next has confirmed the appointment of Jeremy Stakol as non-executive director, putting him in charge of boosting the retailer’s online sales. Stakol will become director of... View Article
  
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• Matches Fashion hires John Mooney as executive creative director

  08-02-2023 01:00 via theretailbulletin.com
  
  Matches Fashion has appointed John Mooney as its executive creative director as part of plans to strengthen its executive team. Mooney previously worked with ASOS for... View Article
  
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• Little Mistress launches new collection with Vogue Williams

  08-02-2023 01:00 via theretailbulletin.com
  
  Womenswear brand Little Mistress has launched celebrity Vogue Williams’ latest edit for the upcoming spring season. The collection has a strong focus on prints with graphic... View Article
  
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• Lidl benefits from shoppers switching from “premium priced supermarkets”

  08-02-2023 01:00 via theretailbulletin.com
  
  Lidl says it has seen an increase in customers visiting its stores who have switched from “premium priced supermarkets”. Citing data from Kantar, the discounter said... View Article
  
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• George at Asda launches new children’s adaptive clothing collection

  08-02-2023 01:00 via theretailbulletin.com
  
  George at Asda has launched an adapted clothing range as it looks to support independent dressing for children and young people with disabilities. Following the success... View Article
  
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• Aldi raises £8 million for Teenage Cancer Trust

  08-02-2023 01:00 via theretailbulletin.com
  
  Aldi has announced that it has raised £8 million for Teenage Cancer Trust since partnering with the charity in 2017. The figure was achieved through various... View Article
  
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• 5 Top Tips for entering the People in Retail Awards

  08-02-2023 01:00 via theretailbulletin.com
  
  Writing a good awards entry doesn’t need to be challenging. Here are a few simple steps that you can follow to improve your chances of success: ... View Article
  
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• [ ONDEMAND ] Retail Marketplace Strategy 2023

  08-02-2023 01:00 via theretailbulletin.com
  
  The digital marketplace is now an important part of omnichannel retail, as it provides an additional channel to market and sell your products. This marketplace craze... View Article
  
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• [ EVENT ] Retail Marketplace Strategy 2023 – Today at 9am

  08-02-2023 01:00 via theretailbulletin.com
  
  The digital marketplace is now an important part of omnichannel retail, as it provides an additional channel to market and sell your products. This marketplace craze... View Article
  
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• [ EVENT ] Retail Marketplace Strategy 2023

  08-02-2023 01:00 via theretailbulletin.com
  
  The digital marketplace is now an important part of omnichannel retail, as it provides an additional channel to market and sell your products. This marketplace craze... View Article
  
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• January Sales: Did the cost-of-living crisis hit spending?

  08-02-2023 00:32 via retailgazette.co.uk
  
  The January Sales are big-ticket retailers’ Christmas as shoppers have traditionally taken advantage of a plethora of deals to snap up new sofas or beds.
  But how did the cost-of-living crisis impact spending this year? Did shoppers take the opportunity to snap up furniture deals or did they batten down the hatches after Christmas? 
  Retail Gazette speaks to some of the UK’s biggest furniture retailers to find out what happened.
  Shoppers seek value
  The cost-of-living crisis did no
  
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