Retail news

• UK supermarkets to fund audits on farms to prevent worker exploitation

  10-03-2023 19:25
  Move comes after warnings that the recruitment process was exposing Asian migrants to exploitation
  
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• JD Sports hires Currys chair Ian Dyson as non-executive director

  10-03-2023 17:42 via retailgazette.co.uk
  
  // JD Sports poaches Currys chair Ian Dyson as non-executive director
  // He will also join the retailer’s Audit and Risk Committee and the Remuneration CommitteeJD Sports has appointed Currys chair Ian Dyson as a new non-executive director.
  Dyson will also join the sportswear retailer’s Audit and Risk Committee and the Remuneration Committee.
  He is currently the chair of electrical goods retailer Currys, a position he has held since September 2022.Subscribe to Retail Gazette for free
  
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• Beef fraud: UK supermarket investigated for selling ‘British’ meat overseas

  10-03-2023 17:42 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEA UK supermarket chain is being investigated by the National Food Crime Unit (NFCU) for selling meat sourced from South America and Europe, labelled as ‘best British beef’.
  The retailer has been selling ‘large volumes’ of mislabelled pre-packed meat and deli products from across South America and Europe.
  The NFCU, which is part of the Food Standards Agency, has not named the supermarket – although it is understood not to
  
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• Booths supermarket confirms link to possible food fraud

  10-03-2023 17:10
  
  Chain forced to remove products from shelves after imported beef was labelled falsely as BritishBooths, the supermarket chain known as the “Waitrose of the north”, has confirmed that it is the retailer linked with a possible case of food fraud after imported beef was labelled falsely as British.The UK’s National Food Crime Unit (NFCU) is investigating the alleged fraud by the unnamed meat supplier. Booths confirmed it removed the products from its shelves and stopped trading wi
  
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• Shrinking rewards or not, the past 22 years have taught me I'm a Boots Advantage card person | Laura Snapes

  10-03-2023 17:06
  
  The high street’s best-value loyalty card has been hit by the cost of living crisis, but that won’t diminish my attachment to itIn fiction-writing courses, they say character leaks. By that, they mean that it’s not the declarations or decisive actions that give us away, but our unconscious behaviour. Which is how I learned, to my mortification, that a key part of my character was “Boots Advantage card person”.I had recently started hanging out with an old friend, an
  
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• The delivery trends you need to know in 2023

  10-03-2023 17:03 via retailgazette.co.uk
  
  Learn how delivery preferences have changed in 2023 
  Rising inflation is still at the forefront of consumers’ minds going into 2023… And surpassing your customers’ expectations in this unstable economic context is certainly challenging.
  Understanding what the latest consumer spending trends are might be a helpful first step.
  On average, 62% of consumers globally are concerned about the economy and personal finances over the next 12 months.
   
  British consumers will fa
  
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• Shein set to raise £1.6bn ahead of potential US IPO later this year

  10-03-2023 17:00 via retailgazette.co.uk
  
  // Shein set to raise £1.6bn in a new funding round this month as it eyes US IPO later this year
  // The Chinese fast fashion giant is understood to have cut its valuation by a third to £53.8bn for the roundShein is set to raise £1.6bn ($2bn) this month in a new funding round ahead of its potential IPO in the US later this year.
  The round’s major investors include United Arab Emirates’ sovereign wealth fund Mubadala as well as existing investors private equity f
  
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• Superdry hires advisers to help cut costs

  10-03-2023 16:45 via retailgazette.co.uk
  
  // Superdry hires advisers from Interpath Advisory to address its cost base
  // Superdry has seen its shares crash by more than a quarter over the last yearSuperdry has hired advisers to produce a cost-cutting plan as it struggles to trade amid rising inflation.
  Julian Dunkerton, the retailer‘s founder and CEO, has hired Interpath Advisory to address its cost base, which could lead to a number of job cuts.
  Interpath’s work was likely to encompass plans for Superdry’s wholesale b
  
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• Retailer Casino probed over alleged financial manipulation and insider trading

  10-03-2023 16:16
  Details of investigation by French prosecutor come as food retail group posts annual loss of €316mn
  
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• EG Group profit rises as customers ‘respond positively’ to Asda On the Move stores

  10-03-2023 16:00 via retailgazette.co.uk
  
  // EG Group profits and sales rise in the full year to December 31
  // The group’s foodservice business made “good progress” and 88 new outlets opened in 2022EG Group has praised its “successful foodservice business” as it reports a rise in profits and revenue.
  The group, owned by the billionaire Issa brothers, recorded a “resilient performance” through its foodservice, grocery and merchandise, and fuel services despite a tough year that saw elevated oper
  
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• Lidl to drop all fruit and veg rationing by Monday

  10-03-2023 14:27 via retailgazette.co.uk
  
  // Lidl will drop all its customer limits on certain fresh fruit and veg by Monday
  // It joins Asda and Morrisons in lifting restrictions as supply improvesLidl is to drop all its customer limits imposed on certain fresh fruit and vegetables by Monday.
  The German grocer is understood to be removing its limit of three per customer on cucumbers, peppers and tomatoes as supply issues begin to ease.
  The discounter joins Asda and Morrisons in lifting restrictions that were introduced after adver
  
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• Bollinger launches £350 champagne to meet soaring demand

  10-03-2023 14:16
  
  Luxury brand capitalises after shipments hit record £5.3bn despite cost of living crisisThere’s no sign of the cost of living crisis at Spencer House, an 18th-century aristocratic palace, overlooking Green Park in Mayfair, London, which has this week been temporarily renamed Bollinger House to celebrate the launch next week of a £350-a-bottle champagne.The launch, which was celebrated with a seemingly endless supply of the new Bollinger RD 2008 and a black-tie banquet for more
  
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• Japan/eggs: mayonnaise crisis highlights food price pressures

  10-03-2023 14:08
  Bird flu has led to shortages of household staple, hitting manufacturers, retailers and consumers
  
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• Boots shoppers to earn fewer Advantage card points as retailers’ costs rise

  10-03-2023 13:36
  
  From May, loyalty card holders will collect 3p of points for every £1 spent at health and beauty chain, down from 4pBoots is cutting the points per pound shoppers can earn on their loyalty card by a quarter, while offering discounts on its own-brand products.The health and beauty chain told customers via email that from May, holders of the Boots Advantage card would collect 3p worth of points for every £1 spent, instead of 4p. They will keep the number of points they have already col
  
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• Asda customers ‘more concerned about environment than own health’

  10-03-2023 13:35 via retailgazette.co.uk
  
  // Asda creates dedicated page to provide hints and tips on how to prevent food waste
  // Data from Asda’s Pulse of the Nation survey found that 64% of customers are worried about the environmentAsda has launched a dedicated page on its website with tips on how to prevent food waste as new research finds that shoppers are more concerned about the environment than their own health.
  The supermarket recently removed Best Before dates on almost 330 of its fresh fruit & vegetable products to
  
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• John Lewis boss Sharon White: ‘I struggle to find men to work for me’

  10-03-2023 12:58 via retailgazette.co.uk
  
  // John Lewis boss Sharon White says she struggles to find men who will work for her
  // White has been criticised for attempting to change the “strong male culture” at the retailerJohn Lewis chair Sharon White has expressed her struggle to find men who will work for her as she faces backlash for hiring and promoting women.
  White has also been criticised for attempting to change the “strong male culture” at the retailer as she tries to “rebalance” the orga
  
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• Beef falsely labelled as British investigated by National Food Crime Unit

  10-03-2023 12:43
  
  Unnamed supermarket forced to remove products from shelvesThe UK’s National Food Crime Unit (NFCU) is investigating a possible case of food fraud after a supermarket stocked beef with false British labels.An unnamed supermarket has been forced to remove the products from its shelves, the NFCU said. Continue reading...
  
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• Lidl to drop all fruit and veg rationing

  10-03-2023 12:12 via retailgazette.co.uk
  // Lidl to drop all customer limits on certain fresh fruit and veg by Monday
  // It joins Asda and Morrisons in lifting restrictions as supply improvesLidl is set to drop all the customer limits imposed on certain fresh fruit and vegetables as supply issues begin to ease.
  From Monday, the German grocer is understood to be removing its limit of three per customer on cucumbers, peppers and tomatoes.
  It joins Asda and Morrisons in lifting restrictions that were introduced after adverse wea
  
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• Getir staff called to crunch meeting as job cuts loom

  10-03-2023 11:01 via retailgazette.co.uk
  
  // Getir employees are being pulled into a crunch meeting next week where a mass job cull is expected to take place.
  // To find out more, visit Retail Gazette’s sister site, Charged Retail: click hereOne employee told Charged: “We are expecting next week to be the collective redundancy notice for staff”.
  Tensions have grown so high that the Getir employee revealed that a collective petition was being circulated demanding the resignation of the firm’s general manager, lega
  
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• In The Style: How it went from £100m IPO to the brink of bankruptcy in 2 years

  10-03-2023 10:07 via retailgazette.co.uk
  
  In The Style revealed on Tuesday it has agreed to sell the business to private equity firm Baaj Capital for just £1.2m after being pushed it to the brink of bankruptcy.
  However, just two years ago the online retailer’s star was high after it floated on the stock market, with a valuation of £105m.
  Its shares are worth just 1.5p, which equates to a 95% plummet since its March 2021 listing.
  What went wrong at the online fashion retailer?
  InTheStyle was set up by Adam Frisby i
  
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• Amazon could face supplier lawsuits over competition law breaches

  10-03-2023 09:48 via retailgazette.co.uk
  
  // Amazon faces class action lawsuits by suppliers over alleged breaches of competition law
  // The Responsible Online Commerce Coalition collecting evidence over claims including sellers not having equal access to the platform and the freedom to set prices and offer discountsAmazon could soon be faced with several class action lawsuits from suppliers over alleged breaches of competition law and Groceries Supply Code of Practices.
  A group of high-profile lawyers have created The Responsible
  
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• Tesco faces supplier backlash over new fulfilment fee to cover online costs

  10-03-2023 09:20 via retailgazette.co.uk
  
  // Tesco has been criticised over new fulfilment fees for its online and Booker wholesale operations
  // In a letter to suppliers, the retailer said those who don’t comply will face a series of potential measuresTesco has faced backlash from its suppliers over plans to impose a new fulfilment fees for online and Booker wholesale operations.
  The supermarket giant has written to its suppliers explaining the new charges, effective of 13 March, are being brought in to help cover the cost o
  
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• Credit insurer cutbacks cover for Asos suppliers

  10-03-2023 08:35 via retailgazette.co.uk
  
  // Asos has had cover for its suppliers pulled amid concerns about falling profits
  // The retailer said the move “has not seen any adverse impact on trading relationships” with suppliersA major credit insurer has reduced its cover for Asos’ suppliers following concerns about the retailer’s recent drop in profits.
  Atradius withdrew some of its cover a few weeks ago after the online giant posted an 8% drop in UK sales and 3% fall in group sales in the four months to 31
  
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• [Report] The State of Online Marketplace Adoption: Global Consumer Survey

  10-03-2023 01:00 via theretailbulletin.com
  
  According to the survey, 86% of British consumers are looking for better value when shopping as a result of inflation, and for the most part, they’re... View Article
  
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• Q&A: Jessica Christenson, Mirakl

  10-03-2023 01:00 via theretailbulletin.com
  
  Earlier this month, we met with Jessica Christenson; Regional VP for the UK & Ireland at Mirakl who spoke as an expert at the TRB Marketplace... View Article
  
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• Omnichannel Futures back live in London on 22 March

  10-03-2023 01:00 via theretailbulletin.com
  
  Retail Bulletin’s flagship Omnichannel Futures conference will be back live in London’s West End on 22 March. If you’re working in retail, don’t miss your chance... View Article
  
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• Next set to return to Gloucester Quays

  10-03-2023 01:00 via theretailbulletin.com
  
  Next will be re-joining the line-up at the Gloucester Quays premium outlet destination with the opening of a new 10,441 square foot store. Situated opposite M&S... View Article
  
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• Lucky Brand collaborates with Laura Ashley

  10-03-2023 01:00 via theretailbulletin.com
  
  US fashion retailer Lucky Brand has launched a limited-edition women’s fashion collaboration with Laura Ashley. The retailer specialises in Americana-inspired premium denim and lifestyle products and... View Article
  
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• EG Group makes good progress as revenue increases by 25%

  10-03-2023 01:00 via theretailbulletin.com
  
  The Issa brothers’ EG Group has said it made made good strategic progress in the year to 31 December, despite a challenging trading environment and increased operating... View Article
  
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• Bang & Olufsen teams up with Tom Sellers on picture-house pop-up

  10-03-2023 01:00 via theretailbulletin.com
  
  Bang & Olufsen is running an exclusive picture-house pop-up in collaboration with two Michelin-starred chef Tom Sellers. For two weeks only, the brand will be will... View Article
  
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• Asda gives boost to Scotland’s food and drink sector

  10-03-2023 01:00 via theretailbulletin.com
  
  Asda is to expand its range of local products in stores in Scotland with the addition of 140 new lines from new and existing suppliers. This... View Article
  
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