Retail news

• SoftBank moves to sell down most of its Alibaba stake

  12-04-2023 23:00
  Japanese investor makes $7.2bn from forward sales of shares in Chinese ecommerce group as lucrative partnership wanes
  
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• LVMH warns growth in US stalling even as China rebounds

  12-04-2023 18:58
  World’s biggest luxury group says end of zero-Covid policies by Beijing is supporting sales
  
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• LVMH buoyed by China even as pace of US sales growth plateaus

  12-04-2023 18:58
  World’s biggest luxury group says end of zero-Covid policies by Beijing is supporting sales
  
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• ‘There will be fewer British tomatoes on the shelves’: soaring energy costs force growers to quit

  12-04-2023 15:30
  
  Impact is less choice and higher prices, and risk of opening up new front in supermarket salad crisisLee Stiles saw 10 growers leave “London’s salad bowl” last year, as they struggled to make ends meet. He expects a similar number in his Lea Valley Growers Association to shut up shop this year, as costly energy bills push them under.The increase in prices threatens to open up a new front in the salad crisis, which resulted in supermarkets being forced to limit purchases of item
  
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• Tesco extends price lock as it lowers the price of milk for first time since 2020

  12-04-2023 15:25 via retailgazette.co.uk
  
  // Tesco has extended its price lock on over 1,000 everyday products, as it looks to help shoppers save money amid the cost-of-living crisis
  // The Big 4 grocer has also dropped milk prices for the first time since May 2020 across its stores and onlineTesco has extended its price lock on over 1,000 everyday products until 5 July as families across the UK keep a close eye on their household budgets amid the cost-of-living crisis.
  In a further move, the Big 4 grocer has also dropped milk prices fo
  
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• Workers at Pilgrim’s Food Masters stage protest after facing job loss threats

  12-04-2023 15:08 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEWorkers at Pilgrim’s Food Masters have staged a protest outside the Houses of Parliament after facing threats of being sacked and reemployed on worse terms if they don’t accept new working conditions.
  The supplier, who makes own-brand curries for major retailers like Tesco and Sainsbury’s, is pressuring over 1,000 workers at its site in Southall (formerly named Noon) with the fire and rehire threat – which includes no paid breaks, reduced si
  
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• Sainsbury’s overhauls logistics operations, 7,000 roles affected

  12-04-2023 13:42 via retailgazette.co.uk
  
  // Sainsbury’s unveils plans to restructure its logistics operations which will affect 7,000 employees
  // The supermarket giant said no jobs will be lost as it plans to transfer staff to its new contractsSainsbury’s is overhauling its logistics operations as part of a major restructure that will impact 7,000 staff.
  The supermarket giant said the change will help improve service and availability for customers and that no jobs will be lost in the process.
  As part of the restructur
  
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• Primark unveils first circular collection designed to be reused and recycled

  12-04-2023 12:55 via retailgazette.co.uk
  
  // Primark unveils its first circular collection based on its ‘Circular Product Standard’ to increase the durability and recyclability of clothing
  // The 35-piece range will be available in stores mid-April with prices starting from £4Primark has unveiled its first collection based on its ‘Circular Product Standard’ as it looks to move towards a more sustainable future.
  The 35-piece range has been designed using the retailer’s new framework, which is base
  
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• In pictures: Sports Direct predicts “trainers of the future” in AI campaign

  12-04-2023 12:33 via retailgazette.co.uk
  
  // Sports Direct has partnered with applied futurist, Tom Cheesewright, to predict how human feet will change over the next 100 years and design perfect trainers for them in the “Feet of the Future” AI campaign.
  // To find out more, visit Retail Gazette’s sister site, Charged RetailUsing the information about the future of human feet, the sports retail giant mapped out the shoes of the future.
  CLICK HERE TO LEARN MORE ABOUT THE CAMPAIGN
  Click here to sign up to Retail Gazette&l
  
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• Freemans unveils ‘Everyday Value’ initiative to help with cost of living pressures

  12-04-2023 11:44 via retailgazette.co.uk
  
  // Freemans launches ‘Everyday Value’ initiative to help with cost of living pressures
  // The 3000 everyday essentials collection features items across fashion and homeFreemans has launched its Everyday Value initiative to support families living on a budget amid the rising cost of living.
  The curated collection of over 3000 essentials at entry price points across fashion and home builds on the success of its Ways to Save edit from last autumn.
  The new range includes Freemans ow
  
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• Freemans unveils ‘Everyday Value’ initiative

  12-04-2023 11:44 via retailgazette.co.uk
  
  // Freemans launches ‘Everyday Value’ initiative to help with cost of living pressures
  // The 3000 everyday essentials collection features items across fashion and homeFreemans has launched its Everyday Value initiative to support families living on a budget amid the rising cost of living.
  The curated collection of over 3000 essentials at entry price points across fashion and home builds on the success of its Ways to Save edit from last autumn.
  The new range includes Freemans ow
  
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• Boots places shoppers in virtual queue following launch of latest No7 range

  12-04-2023 10:56 via retailgazette.co.uk
  
  // Boots puts online shoppers into a virtual queue following demand for the latest No7 beauty range
  // The beauty retailer described the range as the “biggest cosmetic science innovation” in the brand’s historyBoots has been forced to place online shoppers into a virtual queue after traffic to its site soared following the launch of the latest range from its No7 beauty brand.
  The beauty retailer said: “Our website is full to the brim with shoppers now and you have be
  
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• M&S adds size-inclusive brand Live Unlimited to ‘enhance’ its core womenswear offer

  12-04-2023 09:43 via retailgazette.co.uk
  
  // M&S adds size-inclusive Live Unlimited London to its third-party brand’s platform in a bid to ‘enhance’ its offering
  // The fashion retailer said the online presence that M&S has will enable new customers to discover the business and its rangeSize-inclusive fashion brand Live Unlimited London is launching on Marks & Spencer’s third-party brands platform via M&S.com, with a selection of pieces from its SS23 range.
  The female-founded womenswear brand &ldq
  
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• Marks Electrical revenues soar to a record £97.8 million

  12-04-2023 09:16 via retailgazette.co.uk
  
  // Marks Electrical has seen its full-year revenue rise by 21.5% to a record £97.8 million despite a tough economic backdrop
  // The retailer said the strong performance was driven across all product categories but particularly in A-rated energy-efficient washing machines and tumble dryersMarks Electrical has seen its full-year revenue soar by 21.5% to a record £97.8 million following strong trading in its fourth quarter, which it attributed to a strong business model that enhanced ma
  
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• Tag Heuer debuts new design concept with standalone Birmingham boutique

  12-04-2023 09:04 via retailgazette.co.uk
  
  // TAG Heuer has opened its first standalone boutique in Birmingham’s Bullring
  // The retailer said it is eager to enhance its consumer experience with existing shoppers and welcome new ones into its “immersive store”Luxury watch retailer TAG Heuer has opened its first standalone showroom in Birmingham, debuting its new design concept.
  Situated on level seven of the Bullring, the 1,400 sq ft boutique “offers customers a fully immersive TAG Heuer experience” as
  
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• Sosandar achieves first year of profitability with revenues up 72%

  12-04-2023 08:52 via retailgazette.co.uk
  
  // Sosandar has swung to a profit, with revenues up 72%
  // Order numbers at the business increased by 22% to 620,977, with 148,382 from new customersSosandar made £21 million in sales in the first half of FY23, 72% more than what they made in the same time last year, with the growth equally shared between their own website and other companies they work with.
  The online fashion retailer said that for the year until March 31st, they made a profit of at least £1.6 million, up from the l
  
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• Sosandar achieves first year of profitability

  12-04-2023 08:52 via retailgazette.co.uk
  
  // Sosandar has swung to a profit, with revenues up 72%
  // Order numbers at the business increased by 22% to 620,977, with 148,382 from new customersSosandar made £21 million in sales in the first half of FY23, 72% more than what they made in the same time last year, with the growth equally shared between their own website and other companies they work with.
  The online fashion retailer said that for the year until March 31st, they made a profit of at least £1.6 million, up from the l
  
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• VF Corporation makes new leadership appointments for Dickies and emerging brands

  12-04-2023 02:00 via theretailbulletin.com
  
  VF Corporation has announced a range of key leadership appointments at its Dickies, Altra, Smartwool and Icebreaker brands. Todd Dalhausser, previously brand president of Altra, has taken up... View Article
  
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• Tesco launches collaborative ready meal tray-to-tray initiative

  12-04-2023 02:00 via theretailbulletin.com
  
  Tesco has begun recycling used plastic food trays back into packaging as it looks to create a fully circular packaging solution for its range of core... View Article
  
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• Tag Heuer opens debut standalone store at Birmingham’s Bullring

  12-04-2023 02:00 via theretailbulletin.com
  
  TAG Heuer has opened a new standalone boutique in Birmingham’s Bullring. Situated on level seven of the Bullring, the boutique offers a selection of TAG Heuer’s... View Article
  
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• Study on the payment habits of consumers in Western Europe!

  12-04-2023 02:00 via theretailbulletin.com
  
  Consumer habits and behaviours are changing very rapidly. They are more connected than ever and can move from an online store to a physical store during... View Article
  
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• Sosandar swings to profit

  12-04-2023 02:00 via theretailbulletin.com
  
  Women’s fashion retailer Sosandar has reported its first full year of profitability. In the 12 months to 31 March, the retailer posted a pre-tax profit of... View Article
  
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• Sosandar delivers first ever full year profit

  12-04-2023 02:00 via theretailbulletin.com
  
  Women’s fashion retailer Sosandar has reported its first full year of profitability. In the 12 months to 31 March, the retailer posted a pre-tax profit of... View Article
  
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• Sainsbury’s restructure to impact 7,000 roles

  12-04-2023 02:00 via theretailbulletin.com
  
  Supermarket giant Sainsbury’s has launched a major restructuring and consolidation of its logistics operations which will affect around 7,000 staff. The strategy will see 3,000 staff,... View Article
  
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• Marks Electrical hails record full year sales

  12-04-2023 02:00 via theretailbulletin.com
  
  Marks Electrical has seen its full year revenue rise by 21.5% to a record £97.8 million following strong trading in its fourth quarter,. In trading update... View Article
  
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• Diversity in Retail achieves its mission 2 years ahead of schedule

  12-04-2023 02:00 via theretailbulletin.com
  
  Tesco becomes the latest retail brand to join the Collaboration Community. Diversity in Retail, the organisation that has built a Collaboration Community dedicated to diversity and... View Article
  
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• Boots launches “biggest cosmetic science innovation” in No7’s history

  12-04-2023 02:00 via theretailbulletin.com
  
  Boots has launched what it describes as its No7 beauty brand’s biggest ever cosmetic science innovation. No7 Future Renew is a collection of four skincare products... View Article
  
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• B-Stock diverts 75,000kgs of clothing and apparel from UK landfill in 2022

  12-04-2023 02:00 via theretailbulletin.com
  
  B-Stock have reported saving 75,000 kgs of clothing and apparel, with a retail value of £5 million, from UK landfills in 2022. B-Stock, the world’s largest B2B... View Article
  
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• Authenticity is now a key new driver of revenue and loyalty for UK shoppers

  12-04-2023 02:00 via theretailbulletin.com
  
  Authenticity is now a key new driver for revenue and loyalty among UK shoppers as the trend for more mindful consumption continues, the latest research from... View Article
  
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