Retail news

• Directors’ Deals: Wetherspoons founder Tim Martin tops up

  10-02-2023 19:00
  Chairman buys 2.6mn shares after 40 per cent fall in shares
  
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• ‘We’ve got to move on’: John Lewis declares death of the floral midi dress

  10-02-2023 16:00
  
  Fashion director Queralt Ferrer admits ‘customers love them’ but new collection ditches the flowersThe floral midi dress is dead, long live the floral midi dress.This was the somewhat mixed message John Lewis sent as it unveiled its latest fashion collection on Tuesday, claiming it was time to move on from the trend. Continue reading...
  
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• Asda joins Tesco and Sainsbury’s in donating to Turkey and Syria earthquake victims

  10-02-2023 13:15 via retailgazette.co.uk
  
  // Asda joins other retailers in donating to victims of the Turkey and Syria earthquakes
  // The grocer has donated £100,000 to UNICEF to support its efforts in providing aid to victimsAsda has joined Tesco and Sainsbury’s in donating to the Turkey and Syria earthquake victims.
  The grocer has donated £100,000 to UNICEF to support its efforts in providing aid to victims of the earthquakes that struck on Monday.
  The donation will fund emergency shelter supplies, water sanitation a
  
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• Former Arcadia workers pensions secured in £850m bail out

  10-02-2023 11:11 via retailgazette.co.uk
  
  // Arcadia has now secured retirement payouts to thousands of former Topshop, Burton and Dorothy Perkins employees in a £850m deal with Aviva
  // The new deal ceases negotiations about one of the UK’s most controversial corporate pension schemesThousands of pensioners left facing an uncertain retirement following the collapse of Sir Philip Green’s Arcadia empire have now had their money secured in a £850m deal with Aviva.
  The Trustees of the Arcadia Group and Arcadia Group
  
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• Adidas could take €1.2bn revenue hit if it writes off Kanye West’s Yeezy stock

  10-02-2023 10:39
  
  German sportswear company cut ties with rapper in 2022 over his antisemitic commentsAdidas has warned that it could take a revenue hit of €1.2bn (£1bn) and slump to a loss this year if it decides not to sell its remaining stock of products made in collaboration with Kanye West, after it cut ties with the rapper over his antisemitic comments.The German sportswear giant said its decision last year to end the partnership to produce the Yeezy range with West, now known as Ye, will hit ope
  
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• Joules former CEO Nick Jones joins US retailer Kohl’s as digital officer

  10-02-2023 10:34 via retailgazette.co.uk
  
  // Joules former CEO Nick Jones joins Kohl’s as chief merchandising and digital officer
  // Jones will be responsible for Kohl’s merchandise strategy and functionsJoules’ former chief executive Nick Jones has joined US department store chain Kohl’s as chief merchandising and digital officer.
  Jones will be responsible for Kohl’s merchandise strategy and functions, including buying, digital and omnichannel merchandising, product design and development, as well as
  
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• Joules former CEO Nick Jones joins US retailer Kohl’s

  10-02-2023 10:34 via retailgazette.co.uk
  
  // Joules former CEO Nick Jones joins Kohl’s as chief merchandising and digital officer
  // Jones will be responsible for Kohl’s merchandise strategy and functionsJoules’ former chief executive Nick Jones has joined US department store chain Kohl’s as chief merchandising and digital officer.
  Jones will be responsible for Kohl’s merchandise strategy and functions, including buying, digital and omnichannel merchandising, product design and development, as well as
  
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• Under Armour unveils ambitious UK expansion plans with 3 new ‘cutting-edge’ stores

  10-02-2023 10:15 via retailgazette.co.uk
  
  // Under Armour is set to open three new brand-owned stores in key cities throughout the UK over the next couple of months
  // The sportswear retailer’s new retail stores will open in Liverpool, Battersea Power Station and Stratford WestfieldUnder Armour will be opening three new brand-owned stores in key cities throughout the UK over the next couple of months, following significant growth and consumer demand in the market.
  The sporting retailer said the news stores are part of its overall
  
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• Adidas to lose out on £1bn after cutting ties with Yeezy

  10-02-2023 09:48 via retailgazette.co.uk
  
  // Adidas expects to lose over £1bn in annual sales and £443m in operating profit this year
  // The warning comes after it ended its partnership with rapper Kanye West in November following his antisemitic commentsAdidas has warned on losses after ending its partnership with rapper Kanye West following his antisemitic comments last November.
  The sportswear giant expects to lose over £1 billion in annual sales and £443 million in operating profit this year if it decide
  
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• New Look confirms UK store closures

  10-02-2023 09:47 via retailgazette.co.uk
  
  // New Look confirms plans to close 6 UK stores saying it’s a ‘normal course of business’
  // The stores set to close are in Birmingham, Coventry, Trowbridge, Kirkcaldy, Walthamstow, and NorthamptonNew Look has confirmed media reports that it is shuttering six stores across the UK.
  The stores the high-street fashion retailer is axing are in Birmingham, Coventry, Trowbridge, Kirkcaldy, Walthamstow, and Northampton.
  A company spokesperson said: “As part of the normal course
  
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• New Look confirms 6 UK store closures

  10-02-2023 09:47 via retailgazette.co.uk
  
  // New Look confirms plans to close 6 UK stores saying it’s a ‘normal course of business’
  // The stores set to close are in Birmingham, Coventry, Trowbridge, Kirkcaldy, Walthamstow, and NorthamptonNew Look has confirmed media reports that it is shuttering six stores across the UK.
  The stores the high-street fashion retailer is axing are in Birmingham, Coventry, Trowbridge, Kirkcaldy, Walthamstow, and Northampton.
  A company spokesperson said: “As part of the normal course
  
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• Asos hires former Matchesfashion finance boss as interim CFO

  10-02-2023 09:09 via retailgazette.co.uk
  
  // Asos appoints Sean Glithero as interim chief financial officer to replace Katy Mecklenburgh
  // Glithero was most recently the chief financial officer at fellow online retailer MatchesfashionAsos has bolstered its finance team with the new appointment of Sean Glithero as interim chief financial officer.
  Glithero will replace current interim CFO Katy Mecklenburgh, who is expected to depart in May.
  The online fashion retailer said Glithero had already joined the business, to allow for a &ld
  
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• Iceland refinancing prospects given boost as full-year guidance improves

  10-02-2023 08:52 via retailgazette.co.uk
  
  // Iceland improves prospect for a £750m refinancing following “better than expected” performance guidance
  // Ratings agency Moody’s expects Iceland’s EBITDA to grow to around £115m by the end of the financial year in MarchIceland has recorded a “better than expected” performance guidance, improving the prospect for a £750m refinancing.
  The retailer‘s latest improved guidance was recorded by ratings agency Moody’s.
  Iceland po
  
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• New Look introduces fee for online returns

  10-02-2023 08:28 via retailgazette.co.uk
  
  // New Look to charge customers £1.99 to return items via post
  // New Look said charging for returns can help “recover costs” onlineNew Look has begun charging customers for postal returns of online orders as part of a new trial.
  The fashion retailer will charge £1.99 to return items via post but customers can still return online orders to stores for free.
  The decision comes after Boohoo and Zara also made the decision to charge a fee for customers returning items in an e
  
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• New Look introduces £1.99 fee for online returns

  10-02-2023 08:28 via retailgazette.co.uk
  
  // New Look to charge customers £1.99 to return items via post
  // New Look said charging for returns can help “recover costs” onlineNew Look has begun charging customers for postal returns of online orders as part of a new trial.
  The fashion retailer will charge £1.99 to return items via post but customers can still return online orders to stores for free.
  The decision comes after Boohoo and Zara also made the decision to charge a fee for customers returning items in an e
  
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• The last tobacconist: contraband and cost of living close Ipswich institution

  10-02-2023 07:00
  
  As MW Ashton, where smokers have gone for 77 years, prepares to shut its doors, its owners bemoan how suspected smuggling has affected competitionPipes, cigars and packets of cigarettes are neatly arrayed on oak shelves lining the walls of MW Ashton in Ipswich, where smokers have gone for 77 years to buy their tobacco.Now the town’s last tobacconist is preparing to shut its doors for good on Saturday, the latest high street casualty of shifts in shopping habits and the wider economy Contin
  
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• Watches of Switzerland posts strong third quarter sales growth

  10-02-2023 01:00 via theretailbulletin.com
  
  Watches of Switzerland Group has posted a 17% increase in third quarter revenue after trade was driven by the luxury watch category where demand continues to... View Article
  
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• Watches of Switzerland Group posts strong third quarter sales growth

  10-02-2023 01:00 via theretailbulletin.com
  
  Watches of Switzerland Group has posted a 17% increase in third quarter revenue after trade was driven by the luxury watch category where demand continues to... View Article
  
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• Regatta collaborates with Christian Lacroix

  10-02-2023 01:00 via theretailbulletin.com
  
  Outdoor brand Regatta has collaborated with French fashion House Christian Lacroix on an autumn/winter 2023 collection. Spanning jackets, coats and accessories for men and women, the... View Article
  
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• New Look confirms small number of store closures

  10-02-2023 01:00 via theretailbulletin.com
  
  High street fashion retailer New Look has confirmed several store closures across the UK. While some of the shops have already been shuttered in Birmingham, Coventry,... View Article
  
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• Morrisons helps customers save 5p off a litre of fuel at pumps

  10-02-2023 01:00 via theretailbulletin.com
  
  Morrisons will be offering its customer 5p off every litre of fuel this half term if they spend £35 or more in-store. The offer is running... View Article
  
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• Kohl’s appoints former Joules CEO as chief merchandising and digital officer

  10-02-2023 01:00 via theretailbulletin.com
  
  Kohl’s has appointed former Joules chief executive Nick Jones as its chief merchandising and digital officer. Due to take up his role in March, he will... View Article
  
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• KinKind appoints sales and operations director

  10-02-2023 01:00 via theretailbulletin.com
  
  Plastic-free bath and body brand KinKind has appointed Paul Brown as sales and operations director. In his new role, he will lead the expansion of the... View Article
  
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• Interview: Glen Stocco of marketplace Plane & Simple

  10-02-2023 01:00 via theretailbulletin.com
  
  Ahead of Marketplace Strategy 2023, we sit down with Glen Stocco, Cofounder and Managing Director of online marketplace Plane & Simple. How did Plane & Simple... View Article
  
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• Holland & Barrett named a superbrand

  10-02-2023 01:00 via theretailbulletin.com
  
  Health & Wellness retailer Holland & Barrett has again been honoured with Consumer Superbrands status in the latest 2022/23 listings. Superbrands status is awarded annually ranking... View Article
  
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• Fonehouse launches in-store mobile phone repair service

  10-02-2023 01:00 via theretailbulletin.com
  
  Mobile phone retailer Fonehouse has launched an accredited walk-in mobile phone repair service. After being introduced in an initial 30 locations, the service will be rolled... View Article
  
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• ASOS appoints interim chief financial officer to support turnaround

  10-02-2023 01:00 via theretailbulletin.com
  
  Fashion retailer ASOS has appointed Sean Glithero as interim chief financial officer to provide additional support while it works through its Driving Change transformation programme. He... View Article
  
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• Aldi Scotland Launches Dating Service for Love-Hungry Scots

  10-02-2023 01:00 via theretailbulletin.com
  
  Popular discount supermarket Aldi Scotland has launched Al-date, an exclusive dating service that helps lovebirds find romance this Valentine’s Day. Testing the theory that the way... View Article
  
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• A great opportunity says Wickes Apprentice Nathan

  10-02-2023 01:00 via theretailbulletin.com
  
  As the industry puts a spotlight on Apprenticeships this week (NAW2023), we talk to Wickes about their programme to find out more. Taking apprenticeships seriously can... View Article
  
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