Retail news

• Who is John Lewis Partnership’s first ever CEO Nish Kankiwala?

  15-03-2023 20:58 via retailgazette.co.uk
  
  For the first time in its 94-year-old history, John Lewis Partnership has hired a chief executive in a move to help the business “thrive for another century”.
  Nish Kankiwala, who has been a non-executive director at the partnership for the past two years, is the man taking on the mantle.
  But is he the right man for the job?
  A controversial appointment
  Kankiwala’s appointment is a bold move from the Partnership, which has been criticised for the lack of retail leaders among
  
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• Zara: Why store expansion is a priority despite having 6,000 shops

  15-03-2023 20:13 via retailgazette.co.uk
  
  Zara owner Inditex posted strong growth in full-year sales and profits this morning and a big reason was the crowds of shoppers heading to its stores.
  The Spanish fashion giant, which also owns brands including Pull & Bear, Bershka, Stradivarius, and Massimo Dutti, saw sales rise by 17.5% year-on-year, with uplifts in all key markets.
  The group said it was “very satisfied with its performance” across the board in 2022, with stores across all of its markets “performing
  
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• John Lewis appoints first chief executive in bid to stop financial slide

  15-03-2023 18:03
  Former Hovis boss Nish Kankiwala takes on newly created role as partnership struggles with rising costs and losses
  
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• The Budget 2023: 5 measures that impact retail

  15-03-2023 17:28 via retailgazette.co.uk
  
  Chancellor Jeremy Hunt delivered what he termed a “Budget for growth” today, which he said would provide support for people amid the cost-of-living crisis, bring down inflation and providing a pathway for economic growth.
  Retail Gazette looks at what the Spring Budget means for retailers.
  Energy price guarantee
  Hunt confirmed he is delaying the increase in the energy price guarantee for the next three months, so average household bills will stay capped at around £2,500 a
  
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• Zara-owner Inditex keeps door open to Russia return

  15-03-2023 15:01
  Spanish fashion group wants to increase its presence in the lucrative but tough US market
  
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• Superdrug increases pay for newly qualified pharmacists

  15-03-2023 13:48 via retailgazette.co.uk
  
  // Superdrug is increasing the pay of newly qualified pharmacists to £50,000
  // The health and beauty retailer is introducing a new financial wellbeing package for staff amid the cost of living crisis and growing pressures on pharmaciesSuperdrug is to increase the pay for newly qualified pharmacists as it looks to strengthen its pharmacy offering across the country.
  The new rate will see wages increase to £50,000.
  The health and beauty retailer is also introducing a new financial wel
  
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• John Lewis and Waitrose owner appoints first group chief executive

  15-03-2023 13:04
  
  Nish Kankiwala to lead staff-owned partnership as it struggles to turn around business amid rising costsFive reasons why John Lewis and Waitrose are having a tough yearBusiness live – latest updatesThe owner of John Lewis and Waitrose has appointed its first group chief executive as it struggles to turn around the business amid rising costs.Nish Kankiwala, a former Hovis and Burger King executive who is currently a non-executive director of the John Lewis Partnership, will take up his new
  
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• Co-op hires delivery droids to drop groceries in Greater Manchester

  15-03-2023 12:46
  
  Fridge-sized self-drive robots from logistics firm Starship Technologies will ‘walk’ to customer homes in Sale and wait outside for drop-offAutonomous delivery robots will hit the streets of Greater Manchester this week as the Co-op partners with the self-driving logistics company Starship Technologies to bring its six-wheeled bots to a seventh British city.Three years after making their first UK delivery in Milton Keynes, Starship has expanded to cover hundreds of thousands of house
  
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• Burberry hires McLaren exec as new CFO

  15-03-2023 12:38 via retailgazette.co.uk
  
  // Burberry has appointed McLaren Group finance boss Kate Ferry as its new chief financial officer
  // Ferry will join the luxury group in SeptemberBurberry has hired McLaren Group finance boss Kate Ferry as its new chief financial officer and executive director.
  Ferry will join the luxury group in September and will succeed chief financial and operating officer Julie Brown.
  Brown is stepping down from her role on 1 April after more than six years.
  Prior to her role at McLaren, Ferry was the
  
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• John Lewis Partnership appoints first chief executive to “supercharge” transformation

  15-03-2023 12:28 via retailgazette.co.uk
  
  // John Lewis Partnership has appointed Nish Kankiwala as its first chief executive
  // Kankiwala will support chairwoman Dame Sharon White with the day-to-day running of the groupJohn Lewis Partnership has appointed Nish Kankiwala as its first chief executive as the group looks to “supercharge” its transformation.
  The former Hovis boss will step into the newly created role on 27 March to support chairwoman Dame Sharon White with the day-to-day running of the group.
  Kankiwala has been
  
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• Is Tesco right to introduce a supplier fulfilment fee?

  15-03-2023 11:03 via retailgazette.co.uk
  
  // Tesco faced a backlash over its plans to impose a fulfilment charge for suppliers that sell via its online channel. Now, experts explain what the new fee actually means for suppliers and buyers.
  // To find out more, visit Retail Gazette’s sister site, Charged Retail: click hereThe supermarket giant wrote to suppliers last week to explain that the new charges would help cover the cost of serving customers online as its digital operations grow and become more complex.
  Charged Re
  
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• Amazon workers in Coventry walk out as historic strike hits halfway point

  15-03-2023 09:11 via retailgazette.co.uk
  
  // Amazon workers from its Coventry distribution centre are set to walk out today
  // They have walked out until 17 March in anger after being offered a 50p per hour pay riseAmazon workers from its Coventry distribution centre are set to walk out today as a historic weeklong strike hits the halfway point.
  More than 500 GMB Union members at Amazon Coventry are now involved in the walk out.
  The GMB members have walked out until 17 March in anger after being offered a 50p per hour pay rise.Subscribe
  
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• H&M sales rise in first quarter as it launches US resale scheme

  15-03-2023 09:00 via retailgazette.co.uk
  
  // H&M sales rise in first quarter of 2023
  // Last year, H&M saw profits drop as it sought to retain its price-sensitive customersH&M has posted a 12% increase in sales for the first quarter.
  In the period between 1 December 2022 and 28 February 2023, the retailer said that excluding Russia, Belarus and Ukraine, the rise in net sales was 16%, and in local currencies, 7%.
  Last year, H&M saw profits tumble as it sought to retain its price-sensitive customers and struggled with frei
  
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• Zara owner Inditex profits rise thanks to ‘strong business model’

  15-03-2023 08:46 via retailgazette.co.uk
  
  // Inditex posts strong growth following strength of its business model
  // The Spanish fashion group, which also owns Pull & Bear and Bershka, reported EBITDA up 20% to €8.6bnZara owner Inditex has posted a strong annual profit growth thanks to its business model and execution.
  The Spanish fashion group, which also owns Pull & Bear and Bershka, reported EBITDA up 20% to €8.6bn.
  In-store and online sales reached €32.6 billion, 18% more than the €27.71 billion posted la
  
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• Zara owner hails strong full year performance

  15-03-2023 01:00 via theretailbulletin.com
  
  Zara owner Inditex has posted strong growth in full year sales and profit after it benefited from increased footfall in its stores. In 2022, sales rose... View Article
  
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• Wickes launches new kitchen design service

  15-03-2023 01:00 via theretailbulletin.com
  
  Wickes has launched a new design service for customers purchasing from its Wickes Lifestyle Kitchens range. Free of charge, the service will include the choice of... View Article
  
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• Superdrug announce wage and benefit package to entice pharmacists

  15-03-2023 01:00 via theretailbulletin.com
  
  Today Superdrug announces a pay increase for newly qualified pharmacists, in a move that will ensure Superdrug Pharmacists receive the strongest renumeration package on the high... View Article
  
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• Stetson opens its first UK store

  15-03-2023 01:00 via theretailbulletin.com
  
  Renowned hat brand Stetson has opened the doors of its first UK store in the heart of London’s West End today, March 15th. Situated within Seven... View Article
  
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• Spring budget: Retailer sector feeling hard pressed and disappointed

  15-03-2023 01:00 via theretailbulletin.com
  
  Following today’s spring budget from Chancellor Jeremy Hunt, industry experts across the retail sector have suggested that the support offered is hard pressed and disappointing. Hunt... View Article
  
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• Primark launches new durability and repair initiatives

  15-03-2023 01:00 via theretailbulletin.com
  
  Primark is launching a range of new durability and repair initiatives as it looks to become a more circular business in line with its long-term sustainability... View Article
  
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• Morrisons champions British growers this Mother’s Day

  15-03-2023 01:00 via theretailbulletin.com
  
  This Mother’s Day Morrisons is committed to selling tulips only grown in British nurseries, as customers are expected to buy almost 1.2 million tulips. Stems are... View Article
  
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• John Lewis unveils new one-stop destination store concept at Horsham

  15-03-2023 01:00 via theretailbulletin.com
  
  John Lewis has unveiled a newly redesigned store layout at its Horsham department store which has moved from an existing ‘at home’ format to a one-stop... View Article
  
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• John Lewis and Waitrose appoints Nick Kankiwala as first group CEO

  15-03-2023 01:00 via theretailbulletin.com
  
  Nish Kankiwala has been appointed as the Chief Executive for John Lewis Partnership (JLP). Kankiwala has been a non-executive director since April 2021. He was previously CEO... View Article
  
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• H&M introduces first pre-loved offering in the US

  15-03-2023 01:00 via theretailbulletin.com
  
  H&M has launched its first re-sale business model in the US as part of plans to grow its circular business models. The retailer has teamed up... View Article
  
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• Glossier announces trio of senior leadership appointments

  15-03-2023 01:00 via theretailbulletin.com
  
  Beauty brand Glossier has bolstered its executive leadership team to support its next phase of growth. This has included Marie Suter being promoted to the position... View Article
  
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• Five new store openings in London for bloobloom

  15-03-2023 01:00 via theretailbulletin.com
  
  French designer eyewear brand, bloobloom has announced the opening of five brand new stores across London. The five new store openings are the start of a... View Article
  
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• Burberry appoints new chief financial officer

  15-03-2023 01:00 via theretailbulletin.com
  
  Luxury fashion brand Burberry has appointed Kate Ferry as its new chief financial officer.  Currently holding the same role at McLaren Group, Ferry has is a... View Article
  
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• B Corp status has been awarded to Berghaus

  15-03-2023 01:00 via theretailbulletin.com
  
  British outdoor brand Berghaus is now B Corp certified and will use the status as a catalyst to strive for even higher social and environmental standards.... View Article
  
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• Autonomous Robot deliveries roll-out in Greater Manchester

  15-03-2023 01:00 via theretailbulletin.com
  
  Robots are heading to the streets of Greater Manchester from today, 15 March, 2023, as Starship Technologies partners with Trafford Council and the Co-op to bring... View Article
  
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