Retail news

• Positive UK retail data nods to tentative consumer confidence

  17-02-2023 19:30
  Also in this edition: Russian spring offensive, Rishi Sunak in Northern Ireland, Pentagon official visits Taiwan
  
  Read more

• Directors’ Deals: Dunkerton increases Superdry stake again

  17-02-2023 19:00
  Shares in the retailer have fallen by 30 per cent
  
  Read more

• Anya Hindmarch to launch recyclable bags in Asda and Co-op stores

  17-02-2023 18:15 via retailgazette.co.uk
  
  // Anya Hindmarch collaborates with grocers Asda and Co-op
  // The designer is looking to launch its fully recyclable plastic bags in UK supermarketsAnya Hindmarch has teamed up with grocers Asda and Co-op as it plans to launch its fully recyclable plastic bags in UK supermarkets.
  Asda will begin stocking the ‘Universal Bag’ in 300 stores from the end of this month, while Co-op will stock the tote bags from March.
  The Universal Bag is reusable, durable, 100% recycled and recyclable. T
  
  Read more

• M&S beats Waitrose and Aldi as UK’s best supermarket

  17-02-2023 17:41 via retailgazette.co.uk
  
  // M&S has nudged Waitrose and Aldi off the top spot in Which?’s annual supermarket satisfaction survey
  // The traditional Big Four retailers slipped to the bottom half of the leader boardM&S has nudged Waitrose and Aldi off the top spot in the annual supermarket satisfaction survey from Which?.
  The retailer received the highest overall customer score of 77% for its quality of own-label items, fresh products, customer service and store appearance.
  M&S chief executive Stuar
  
  Read more

• Advertisement

• NatWest criticised for increasing bonus pool; KPMG reaches settlement with Carillion’s liquidators – as it happened

  17-02-2023 17:09
  
  Unite union calls for a windfall tax on big banks’ excess profits generated by interest rate risesNatWest CEO receives £5.2m in pay as bank reports largest profits since 2007French power giant EDF has posted a record net loss of €17.9bn (£16bn) for last year, after problems at its nuclear reactors hit its output.Nuclear output at EDF’s fleet dropped to a 34-year low in 2022, with many plants taken offline after stress corrosion cracks were found in pipes in their coo
  
  Read more

• Anya Hindmarch teams up with Co-op and Asda in reusable bag campaign

  17-02-2023 17:07
  
  Designer’s tie-up is latest stage of plan to put fully recyclable plastic bags into every supermarketShe first made reusable shopping bags chic 16 years ago, now Anya Hindmarch is teaming up with the Co-op and Asda in the latest step of a plan to put fully recyclable plastic bags into every supermarket.Asda will begin stocking the bag – putting its bright green spin on the large tote which features a smiley face and stripy straps – in 300 stores from the end of February and the
  
  Read more

• NatWest criticised for increasing bonus pool; KPMG reaches settlement with Carillion’s liquidators– business live

  17-02-2023 16:16
  
  Unite union calls for a windfall tax on big banks’ excess profits generated by interest rate risesNatWest CEO receives £5.2m in pay as bank reports largest profits since 2007French power giant EDF has posted a record net loss of €17.9bn (£16bn) for last year, after problems at its nuclear reactors hit its output.Nuclear output at EDF’s fleet dropped to a 34-year low in 2022, with many plants taken offline after stress corrosion cracks were found in pipes in their coo
  
  Read more

• Want To Achieve Excellent Customer Experience In Retail?

  17-02-2023 15:56 via retailgazette.co.uk
  
  Today, your customers demand a seamless shopping experience across all channels – one that anticipates and satisfies their needs. It’s about enabling the right technologies – empowering your team to give customers hyper-personalised journeys unified across channels. Being able to react quickly and efficiently is crucial to your success at a time when competition is tougher than ever.
  In our report put together by experts at Columbus, in partnership with Retail Gazette, we outli
  
  Read more

• Advertisement

• Asda to give store colleagues 10% pay rise and bonus this year

  17-02-2023 14:14 via retailgazette.co.uk
  
  // Asda to increase the hourly pay for its colleagues by 10%
  // Store colleagues will have their pay increased from £11.00 per hour from April and £11.11 per hour from JulyAsda will increase the hourly pay for its colleagues by 10% and is offering a bonus payment for staff.
  Store colleagues will have their pay increased from £11.00 per hour from April and £11.11 per hour from July.
  The bonus amount, which is being offered to staff who have been working for over three mont
  
  Read more

• NatWest criticised for increasing bonus pool after growing profits to £5.1bn – business live

  17-02-2023 12:02
  
  Unite union calls for a windfall tax on big banks’ excess profits generated by interest rate risesNatWest CEO receives £5.2m in pay as bank reports largest profits since 2007French power giant EDF has posted a record net loss of €17.9bn (£16bn) for last year, after problems at its nuclear reactors hit its output.Nuclear output at EDF’s fleet dropped to a 34-year low in 2022, with many plants taken offline after stress corrosion cracks were found in pipes in their coo
  
  Read more

• UK retail sales unexpectedly rebound in January

  17-02-2023 10:37
  Sales volumes were still down 5.1% compared with 2022
  
  Read more

• Shein gives investors lofty revenue projections as it prepares for IPO

  17-02-2023 10:07
  Online fashion group projects sales of $60bn by 2025 even as competition grows and its valuation tumbles
  
  Read more

• Retail sales in Great Britain rise as shoppers home in on discounts

  17-02-2023 10:02
  
  But grocery purchases fall in January, with cost of living crisis still putting households under pressureRetail sales in Great Britain picked up slightly in January, driven by cheaper fuel prices for motorists and shoppers snapping up bargains at jewellers and carpet and furniture stores in the new year sales.The Office for National Statistics (ONS) said the general trend pointed downwards despite the 0.5% increase in retail sales last month, as people tightened their belts during the cost of li
  
  Read more

• Hermès enjoys ‘exceptional’ year as Chinese shoppers scoop up its handbags

  17-02-2023 09:59
  French luxury group’s full-year profit rises 38% to €3.4bn
  
  Read more

• Sainsbury’s to stock Little Mistress online and in-stores this year

  17-02-2023 09:26 via retailgazette.co.uk
  
  // Sainsbury’s will start stocking Little Mistress online and in selected stores later this year
  // The move comes a month after Sosandar signed a new wholesale partnership with the supermarketSainsbury’s is set to begin stocking Little Mistress online and in selected stores later this year, Drapers reports.
  The new deal will expand the third-party partnerships of the women’s fashion retailer, which is already stocked across a variety of major retailers including John Lewis, M&
  
  Read more

• UK retail sales rise unexpectedly thanks to January discounting

  17-02-2023 08:58 via retailgazette.co.uk
  
  // Retail sales across the UK were stronger than expected in January as Brits kept spending despite the cost of living crisis
  // Despite rising 0.5% in January, sales were still 1.4% below their pre-covid-19 levelsUK retail sales rose unexpectedly last month after post-Christmas discounting brought people into stores.
  Volumes rose by 0.5% in January, following a 12% drop in December, but sales volumes fell 5.1% compared with January last year, the Office for National Statistics (ONS) said.
  Price
  
  Read more

• Retail sales in Great Britain rise unexpectedly, due to cheaper fuel and January bargains – business live

  17-02-2023 08:42
  
  Retail sales volumes rose by 0.5% in January, but people continued to cut back on food due to soaring pricesDespite rising 0.5% in January, UK retail sales were still 1.4% below their pre-Covid-19 levels of February 2020 levels.But, rising inflation means people spent 14% more last month, than in February 2020, but still got less. “Retailers will be hoping a rise in sales, though still some way below pre-covid-19 levels, signals the beginning of a recovery in consumer spending.Yet they&rsq
  
  Read more

• Harvey Nichols taps Sweaty Betty VP for ecommerce director role

  17-02-2023 08:36 via retailgazette.co.uk
  
  // Harvey Nichols appoints Annabel Thorburn as ecommerce director
  // Thorburn is currently the senior vice-president of ecommerce at Sweaty BettyHarvey Nichols has named the senior vice-president of ecommerce at Sweaty Betty as its new ecommerce director, Drapers reports.
  Annabel Thorburn will join the luxury department store on 17 April, replacing interim ecommerce director Kate Smyth.
  She was appointed as senior vice-president of ecommerce of Sweaty Betty back 2018 and has previously work
  
  Read more

• Would you sell your business to your staff?

  17-02-2023 06:00
  More entrepreneurs opt for employee ownership trusts, repaying staff loyalty while enjoying tax incentives
  
  Read more

• With ChatGPT, The Digital CX Revolution Is Now Accelerating Faster Than Ever

  17-02-2023 01:00 via theretailbulletin.com
  
  Expert View: Andrew Hall, Chief Commercial Officer at Quantanite I recently wrote an article here about the AI-powered chatbot ChatGPT. I noticed that the MyCustomer editorial... View Article
  
  Read more

• Rowen Homes to open first physical store following strong online success

  17-02-2023 01:00 via theretailbulletin.com
  
  Homeware and interiors retailer Rowen Homes has chosen Metrocentre Gateshead as the location for its first physical store. The move follows strong growth for the retailer’s... View Article
  
  Read more

• Q&A: Brendan McDowell, founder of fast growing BPerfect Cosmetics

  17-02-2023 01:00 via theretailbulletin.com
  
  Founded by Brendan McDowell in Belfast in 2012, BPerfect Cosmetics now has an award-winning product range that is loved by celebrities, makeup artists and customers alike.... View Article
  
  Read more

• Primark unveils new collection celebrating 100 years of Disney

  17-02-2023 01:00 via theretailbulletin.com
  
  Primark has unveiled its first collection to celebrate 100 years of Disney across adult and kidswear including sweatshirts, t-shirts, nightwear and accessories. The new 70-piece collection... View Article
  
  Read more

• January retail sales a ‘lot less grim’

  17-02-2023 01:00 via theretailbulletin.com
  
  UK retail sales unexpectedly rose in January as UK consumers continue to spend, with one analyst saying the economic picture is “looking a lot less grim”.... View Article
  
  Read more

• Harvey Nichols appoints new ecommerce director

  17-02-2023 01:00 via theretailbulletin.com
  
  Luxury department store Harvey Nichols has appointed Sweaty Betty executive Annabel Thorburn as its new ecommerce director. According to Drapers, Thorburn will join the business on... View Article
  
  Read more

• H&M creates joint venture to drive used garment and textile sorting

  17-02-2023 01:00 via theretailbulletin.com
  
  H&M Group has teamed up with  Remondis to create a joint venture to collect, sort and sell used and unwanted garments and textiles. Called Looper Textile... View Article
  
  Read more

• Dreams donates 150 electric blankets to replace faulty models belonging to the public

  17-02-2023 01:00 via theretailbulletin.com
  
  Bed retailer Dreams is supporting the electricity safety charity, Electrical Safety First, with a donation of 150 electric blankets to replace unsafe models belonging to the... View Article
  
  Read more

• Cath Kidston owners considering sale just eight months after buying the brand

  17-02-2023 01:00 via theretailbulletin.com
  
  The owners of the Cath Kidston lifestyle brand are said to be considering a sale of the business just eight months after acquiring it. According to... View Article
  
  Read more

• Asda increases retail colleague pay rates by 10%

  17-02-2023 01:00 via theretailbulletin.com
  Asda has today announced a 10% pay increase for hourly-paid store colleagues, with rates rising to £11.00 per hour from April and £11.11 per hour from... View Article
  
  Read more

Follow @retailuknws on Twitter!