Retail news

• Retailer Casino signs deal with trio of star French businessmen

  09-03-2023 23:08
  Heavily indebted group controlled by Jean-Charles Naouri close to securing a lifeline with Teract tie-up
  
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• Asda and Morrisons drop some fruit and veg rationing as supply issues ease

  09-03-2023 18:07 via retailgazette.co.uk
  
  // Asda and Morrisons have lifted customer limits on certain fresh fruit and veg as supply improves
  // However, the grocers have kept restrictions on tomatoes and peppers in placeAsda and Morrisons have started to drop the customer limits it imposed on certain fresh fruit and vegetables as supply issues start to ease.
  Asda has dropped its limit of three per customer on broccoli, cucumbers, cauliflower, lettuce, salad bags and raspberries but has left the restrictions on tomatoes and peppers
  
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• Tesco screens candidates for chairman John Allan’s successor

  09-03-2023 18:04 via retailgazette.co.uk
  
  // Tesco’s search for chairman John Allan’s successor is underway
  // The grocer is understood to have approached several candidates alreadyTesco has begun screening candidates in its search to replace long-standing chairman John Allan as he nears the end of his tenure.
  According to Sky News, headhunters have begun approaching candidates to take on the top spot of the supermarket chain.
  Sources told the publication several heavyweight boardroom figures had been approached in rece
  
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• Sephora’s back, should other beauty retailer’s be quaking in their boots?

  09-03-2023 16:58 via retailgazette.co.uk
  
  This week Sephora finally returned to the UK after 17 years, opening its new flagship in Westfield White City.
  The brand certainly made a splash judging by the enormous queue that formed outside the store, which was rumoured to have a whopping six-hour wait time.
  Many had braved the icy weather on Wednesday, camping outside of the shopping centre from 6:30 am, with some admitting to skiving off work for the day just to be one of the first to walk through the giant glass-paned doors.
  The LVMH-own
  
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• Ocado becomes first grocer to give direct access to customer behaviour data

  09-03-2023 16:45 via retailgazette.co.uk
  
  Ocado has become the first grocer in the UK to allow marketers to access all of its customer behaviour data.
  The company hopes this will optimise their audiences and attribute campaigns through the global ad tech firm, The Trade Desk.READ THE FULL STORY HERE
  Click here to sign up to Retail Gazette‘s free daily email newsletter
  
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• Asda and Morrisons lift buying limits on some fresh fruit and salad items

  09-03-2023 16:31
  
  Retailers remove cap on cucumbers, broccoli and raspberries but rationing remains on tomatoes and peppersSupermarkets have begun to remove some of their purchase limits on fresh fruit and vegetables, introduced after widespread salad shortages and gaps on shelves.Asda has lifted limits on customers buying cucumbers, salad bags, broccoli, cauliflower and raspberries, after the retailer said supply of these items had improved. However, customers are still limited to buying a maximum of three packe
  
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• Morrisons slumps to £1.5bn pre-tax loss after private equity takeover

  09-03-2023 14:30
  
  Substantial portion of loss was related to finance costs, as figures underline concerns about private equity modelThe supermarket chain Morrisons slumped to a £1.5bn loss during its first full year in private equity ownership, according to its latest results.The grocery retailer was bought by the US private equity firm Clayton, Dubilier & Rice (CD&R) for £7bn in October 2021 after an intense bidding war. Continue reading...
  
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• Supermarket property: What the UK grocery giants are planning for 2023

  09-03-2023 13:06 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTESupermarket real estate has been a hot topic over the past 12 months as the cost-of-living crisis has seen grocery businesses across the UK reassessing their property strategy.
  With some focusing on expanding their presence across growth sectors (we’re looking at you, convenience) and others cutting back on plans to open new stores, supermarkets keeping a careful eye on profit margins are all looking to finetune their existing footprint.
  However, while many r
  
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• Boots reveals ‘biggest ever investment’ in Advantage Card scheme

  09-03-2023 12:32 via retailgazette.co.uk
  
  // Boots shoppers will now get an instant 10% discount when they shop for own-brand products with the Advantage Card
  // The new scheme will be available from May 2023 and extends the discount to more than 6,000 own-brand products
  Boots has revamped its Advantage Card membership scheme in its “biggest ever investment”.
  Customers will now receive an instant 10% discount when they shop for Boots own-brand products with the loyalty card.The new scheme will be available from May 2023 and
  
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• Shoulder pads and spikes are back as Paris calls time on comfort dressing

  09-03-2023 11:00
  
  John Lewis has abandoned the floral midi; now fashion week designers have ditched puff sleeves and easy-care layers. It won’t make everyone happy …John Lewis is a byword for plain-speaking British common sense as much as it is an actual shop; everyone knows that. Saint Laurent, meanwhile, is the high church of Parisian chic, as well as a luxury boutique. When a trend unites both, that is not just a fashion trend. That, mes chéris, is a vibe shift.A month after John Lewis scan
  
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• Hotel Chocolat profits drop as international demand slows down

  09-03-2023 09:34 via retailgazette.co.uk
  
  // Hotel Chocolat profits and revenue decline following a slow performance in international sales
  // The retailer reported EBITDA of £22m for the 26 weeks to December 25, 2022, down from £33.8mHotel Chocolat profits and revenues have dropped in the first half following a slow performance in its international sales.
  The confectionery retailer reported EBITDA of £22m for the 26 weeks to December 25, 2022, down from £33.8m, as well as a profit before tax more than
  
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• Boohoo shareholders revolt ‘growth share plan’ which will see bosses pocket £175m

  09-03-2023 09:21 via retailgazette.co.uk
  
  // Boohoo shareholders controversial plan to hand executives £175m if share price improves
  // Two previous plans had failed after Boohoo’s share price droppedBoohoo had faced a shareholder backlash over its plans to hand executives £175 million if its share price improves, although the scheme was narrowly approved.
  The fast fashion retailer‘s “growth share plan” has proved controversial to investors, with 37% of shareholders voting to reject it on Wednesday.
  B
  
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• Boohoo faces backlash for ‘growth share plan’ which will see bosses pocket £175m

  09-03-2023 09:21 via retailgazette.co.uk
  
  // Boohoo unveils controversial plan to hand executives £175m if share price improves
  // Two previous plans had failed after Boohoo’s share price droppedBoohoo is facing backlash over its plans to hand executives £175 million if its share price improves.
  The fast fashion retailer‘s “growth share plan” has proved controversial to investors, with almost four in 10 voting to reject it on Wednesday.
  Boohoo is set to go ahead with its plans, which make it the
  
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• Morrisons posts £1.5bn loss after being sold to CD&R

  09-03-2023 08:55 via retailgazette.co.uk
  
  // Morrisons reveals £1.5bn loss after being bought by US private equity firm CD&R
  // The grocer was acquired by CD&R in October 2021 for £7 billion in exchange for private equity
  Morrisons has racked up £1.5 billion of losses, a year after being bought by US private equity firm CD&R.
  The grocer was acquired by CD&R in October 2021 for £7 billion, in a debt-fuelled deal led by former Tesco boss Sir Terry Leahy.
  The deal saw £6.1 billion of debt
  
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• Adidas profits drop after cutting ties with Yeezy as CEO gets £14.2m for early exit

  09-03-2023 08:28 via retailgazette.co.uk
  // Adidas profits drop after terminating relationship with rapper Kanye West
  // The sportswear giant recorded a gross profit of £9.45bn for the 12 months to December 31, 2022, 1% less than the £9.54bn it made in 2021Adidas profits drop for the financial year 2022 after terminating its Yeezy partnership with Kanye West, as it warns of a £14.2m payout following the early departure of CEO Kasper Rorsted.
  The sportswear giant recorded a gross profit of £9.45bn for t
  
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• Adidas profits drop after cutting ties with Yeezy

  09-03-2023 08:28 via retailgazette.co.uk
  // Adidas profits drop after terminating relationship with rapper Kanye West
  // The sportswear giant recorded a gross profit of £9.45bn for the 12 months to December 31, 2022, 1% less than the £9.54bn it made in 2021Adidas has seen its profits drop for the financial year 2022 after it terminated its Yeezy partnership with rapper Kanye West.
  The sportswear giant recorded a gross profit of £9.45bn for the 12 months to December 31, 2022, 1% less than the £9.54bn it made in 2
  
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• The African designers turning western waste into fashion statements

  09-03-2023 06:00
  Creatives are upcycling discarded items into desirable clothes — and drawing attention to the impact of throwaway culture on their local industries
  
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• Top BigCommerce agency release whitepaper on women in ecommerce

  09-03-2023 01:00 via theretailbulletin.com
  
  Award-winning ecommerce agency, 5874 Commerce have conducted an in-depth study on the representation of women in the ecommerce industry and released its findings in a whitepaper... View Article
  
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• TK Maxx eyes London expansion

  09-03-2023 01:00 via theretailbulletin.com
  
  TK Maxx is eyeing expansion in London through the opening of more smaller format stores. According to the Evening Standard, the clothing and homewares retailer has... View Article
  
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• PVH appoints new chief communications officer

  09-03-2023 01:00 via theretailbulletin.com
  
  PVH has appointed Amber McCann as executive vice president and chief communications officer. Due to take up her role on 6 April, she will lead all... View Article
  
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• PUMA appoints Lionel Telega as general manager of Sportstyle

  09-03-2023 01:00 via theretailbulletin.com
  
  Sportswear brand PUMA has appointed Lionel Telega as the new general manager of Sportstyle with immediate effect. Sportstyle is the company’s biggest business unit. A French... View Article
  
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• Meet the 2023 Judging panel: Interviews live

  09-03-2023 01:00 via theretailbulletin.com
  
  We talk to the People in Retail awards judges this week to find out why they are taking part, why now is the right time for... View Article
  
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• JD Sports appoints Curry’s chair to board

  09-03-2023 01:00 via theretailbulletin.com
  
  JD Sports has named Currys Chair Ian Dyson as a new non-executive director. Dyson will also join the Lancashire-based Sportswear retailer’s Audit and Risk Committee and... View Article
  
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• Hotel Chocolat posts drop in half year sales and profit

  09-03-2023 01:00 via theretailbulletin.com
  
  Hotel Chocolat has posted a drop in half year sales and profit following a significant deterioration in international sales. In the 26 weeks to 25 December,... View Article
  
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• Holland & Barrett marks Endometriosis Awareness Month with store takeover

  09-03-2023 01:00 via theretailbulletin.com
  
  To mark Endometriosis Awareness Month, health and wellness retailer Holland & Barrett has launched a nationwide store takeover with model, influencer and endometriosis charity founder, Carla Cressy.... View Article
  
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• H&M unveils latest Innovation Stories collection

  09-03-2023 01:00 via theretailbulletin.com
  
  Fashion retailer H&M has unveiled its latest sustainable collection from its Innovation Stories platform. Launched in 2021, the platform comprises a series of themed collections dedicated... View Article
  
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• Gap Inc announces arrival of Athleta to Next.co.uk

  09-03-2023 01:00 via theretailbulletin.com
  
  Gap’s Athleta premium performance and lifestyle brand is now shoppable within the UK and Ireland through Gap’s joint venture with Next. The joint venture was formed... View Article
  
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• Co-op becomes first supermarket to sign Women’s Night Safety Charter

  09-03-2023 01:00 via theretailbulletin.com
  
  Co-op has become the first supermarket chain to sign up to the Mayor of London’s Women’s Night Safety Charter which is dedicated to ensuring the capital... View Article
  
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• Boots opens 170th premium beauty hall

  09-03-2023 01:00 via theretailbulletin.com
  
  Boots has opened its latest premium beauty hall in London’s White City. The news means the health and beauty retailer now has 170 new and refreshed... View Article
  
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