Retail news

• CashApp founder Bob Lee fatally stabbed in San Francisco

  05-04-2023 20:51
  Tech executive’s death comes amid rising concerns about crime in the Bay Area
  
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• Cash App founder Bob Lee fatally stabbed in San Francisco

  05-04-2023 20:51
  Tech executive’s death comes amid rising concerns about crime in the Bay Area
  
  Read more

• Co-op warns profits likely to fall this year

  05-04-2023 16:50
  More expensive energy and higher wages have already cost the group £100mn
  
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• Ralph Lauren debuts crypto-friendly Miami store

  05-04-2023 16:32 via retailgazette.co.uk
  
  // Fashion retailer Ralph Lauren will accept cryptocurrency payments at its newly opened store in Miami’s Design District, in an effort to “combine digital innovation and immersive experiences.”
  // To find out more, visit Retail Gazette’s sister site, Charged Retail: click here“This store will be an opportunity for us as a brand to gather key insights as we continue to explore the space,” Ralph Lauren’s chief innovation and branding officer David Lauren
  
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• Several New Look department heads exit the business amid head office lay-offs

  05-04-2023 13:53 via retailgazette.co.uk
  
  // Several New Look department leaders have departed as the retailer cuts head office staff
  // The recent departures follows news chief technology officer Ed Alford is to step down from his roleSeveral New Look department heads have left the business as the retailer cuts staff at its head office.
  Head of menswear, boyswear, global partnerships, brands and concessions Mark Hopkins and head of performance marketing and CRM Michele Lockwood are among the few that have departed.
  Head of interna
  
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• Hammerson faces revolt from major shareholder

  05-04-2023 12:36 via retailgazette.co.uk
  
  // Hammerson’s largest shareholder Lighthouse plans to oust current directors as it claims the shopping centre owner’s leadership is not fit
  // Lighthouse, which owns a 22.8% stake, said it “does not have confidence in the board as currently constituted”Hammerson is facing a revolt from its largest shareholder, which is not happy with its current strategy and leadership.
  In a letter in the shopping centre owner’s annual report, Lighthouse, which has a 22.8% sta
  
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• Simply Be unveils campaign challenging the fashion industry to end ill fitting clothes

  05-04-2023 12:18 via retailgazette.co.uk
  
  // Simply Be launches new campaign challenging the fashion industry to end badly fitting clothes
  // A survey revealed 99% of women feel frustrated with inconsistent sizing in the industrySimply Be, has launched a bold campaign with the strapline ‘No More Bad Fit’ focused on challenging the fashion industry and calling for an end to bad fit.
  In a recent survey launched by the N Brown-owned inclusive fashion retailer, it was revealed that 99% of women feel frustrated with inconsistent
  
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• N Brown appoints former Hobbs CEO Meg Lustman to board

  05-04-2023 10:54 via retailgazette.co.uk
  
  // N Brown Group appoints former Hobbs chief executive Meg Lustman as a non-executive director with immediate effect
  // She will take over chairing the group’s remuneration committee when Gill Barr steps down from the board following the group’s AGM in JulyN Brown Group, the owner of JD Williams, Simply Be and Jacamo, has appointed former Hobbs chief executive Meg Lustman as a non-executive director, with immediate effect.
  Lustman, has over 35 years of experience in the retail indust
  
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• Co-op expects fall in profits amid ‘turbulent economic headwinds’

  05-04-2023 10:14
  
  Warning for year ahead comes as profits drop by 11% at group’s grocery armThe Co-op has warned its profits are likely to fall in the year ahead as the food to funerals group expects the “turbulent economic headwinds, including inflationary pressures” to continue.While that “volatile external environment” contributed to an 11% fall in profits at its grocery arm, the mutual said underlying operating profit across the business had remained steady at £100m. Contin
  
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• Topps Tiles ‘clear market leader’ in Home & DIY after record sales

  05-04-2023 09:02 via retailgazette.co.uk
  
  // Topps Tiles sales rise 9.5% to £130.5m in the 26 weeks to April 1
  // The retailer said it is the UK’s “clear market leader” in Home & DIYTopps Tiles has described itself as the UK’s “clear market leader” in Home & DIY, after a record performance during the first half of its financial year.
  The retailer recorded sales of £130.5m in the 26-week period ending April 1, 2023, a 9.5% increase on revenues for the previous year.
  Topps attri
  
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• Topps Tiles ‘clear market leader’ in home and DIY after record sales

  05-04-2023 09:02 via retailgazette.co.uk
  
  // Topps Tiles sales rise 9.5% to £130.5m in the 26 weeks to April 1
  // The retailer said it is the UK’s “clear market leader” in Home & DIYTopps Tiles has described itself as the UK’s “clear market leader” in home and DIY, after a record performance during the first half of its financial year.
  The retailer recorded sales of £130.5m in the 26-week period ending April 1, 2023, a 9.5% increase on revenues for the previous year.
  Topps attribu
  
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• Co-op warns on inflation affecting profitability as revenues edge up

  05-04-2023 08:39 via retailgazette.co.uk
  
  // Co-op expects ongoing inflation to affect profits
  // For the 52 weeks to December 31, 2022, the retailer saw a £0.3bn increase in revenues to £11.5bnCo-op has recorded growth in full year revenue but warned that inflation will affect profits in the immediate term.
  For the 52 weeks to December 31, 2022, the retailer saw a £0.3bn increase in revenues to £11.5bn, while underling EBITDA dropped £15m to £490m.
  It also reported an underlying operating profit of &
  
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• Topps Tiles delivers record first half sales

  05-04-2023 02:00 via theretailbulletin.com
  
  Topps Tiles has attributed its record first half trading to the strength of its brands, strategy execution and “encouraging” market conditions. In the 26 weeks to... View Article
  
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• Q&A: Martim Avillez Oliveira , Chief Executive Officer Europe, ESW 

  05-04-2023 02:00 via theretailbulletin.com
  
  ESW accelerates market entry and global ecommerce expansion for brands and retailers. Can you tell us a bit about your background? I have more than 15... View Article
  
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• Poundland to open trio of new stores this weekend

  05-04-2023 02:00 via theretailbulletin.com
  
  Poundland is getting ready to open three new stores on 8 April as it continues to expand across the UK. Spanning 5,100 square feet, a new... View Article
  
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• N Brown appoints Meg Lustman to board

  05-04-2023 02:00 via theretailbulletin.com
  
  N Brown Group, the owner of JD Williams, Simply Be and Jacamo, has appointed former Hobbs chief executive Meg Lustman as a non-executive director. With a... View Article
  
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• JLP partners with The Open University to launch scholarship for care leavers

  05-04-2023 02:00 via theretailbulletin.com
  
  The John Lewis Partnership (JLP) has launched a new collaboration with the Open University, to offer young people with experience of being in care the opportunity... View Article
  
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• Interview with Wizz Selvey, Top 100 Retail Influencer

  05-04-2023 02:00 via theretailbulletin.com
  
  Wizz is the founder of WIZZ&CO, a luxury brand and retail consultancy born from her passion for building innovative brands and developing unique consumer experiences. Can... View Article
  
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• H&M Beauty chooses Oslo for the opening of first global flagships

  05-04-2023 02:00 via theretailbulletin.com
  
  H&M is to open its first H&M Beauty flagships as it works towards its vision of becoming “the most fashionable beauty destination”. The two spaces in... View Article
  
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• Co-op grows full year revenue

  05-04-2023 02:00 via theretailbulletin.com
  
  Co-op’s food business grew its revenue to £7.81 billion in the 12 months to 31 December 2022 from £7.67 billion in the prior year. During the... View Article
  
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• Apparel Brands acquires streetwear brand Nicce

  05-04-2023 02:00 via theretailbulletin.com
  
  Apparel Brands has acquired the London based streetwear brand Nicce. The company will take on the license for Nicce clothing across wholesale and ecommerce. Peter Wood,... View Article
  
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