Retail news

• Lush gives UK workers raise in line with the Real Living Wage findings

  20-04-2023 16:17 via retailgazette.co.uk
  
  // Lush increases wages for UK staff in lined with real living wage findings
  // Workers aged 18 and above will now receive a wage of £10.90 per hourCosmetics retailer Lush has increased its wages for UK-based staff in line with the Real Living Wage findings this month.
  The new pay, which is set by the Living Wage Foundation, is based on the true cost of living.
  Workers over the age of 18 in the UK will receive a minimum of £10.90 per hour, with staff based in London receiving &p
  
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• Lush gives UK workers raise in line with the Real Living Wage

  20-04-2023 16:17 via retailgazette.co.uk
  
  // Lush increases wages for UK staff in lined with real living wage findings
  // Workers aged 18 and above will now receive a wage of £10.90 per hourCosmetics retailer Lush has increased its wages for UK-based staff in line with the Real Living Wage findings this month.
  The new pay, which is set by the Living Wage Foundation, is based on the true cost of living.
  Workers over the age of 18 in the UK will receive a minimum of £10.90 per hour, with staff based in London receiving &p
  
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• Sushi, travel and high-end headphones help WH Smith profits double

  20-04-2023 15:52
  
  Retailer’s fortunes bounceback after expansion abroad and pivot towards electronics and premium food rangesLess than three years ago WH Smith, the chain once known for its chocolate promotions, magazines and stationery, had lost almost two-thirds of its stock market value as the pandemic damaged its UK high street business.But now the retailer is reaping dividends from a transformation that means its typical customer is more likely to be picking up high-end headphones, a smartphone charger
  
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• Tesco to open first-ever pub in London to celebrate King Charles’ Coronation

  20-04-2023 15:10 via retailgazette.co.uk
  
  // Tesco is opening its first-ever pub for the King’s Coronation next month
  // Highlights on the menu include ‘Camilla’s King Prawn Curry’, ‘The Prince’s Crust Pie’ and a ‘trifle-inspired’ belliniTesco is opening the doors to its first-ever pub ‘The King in the Castle ‘ in celebration of the King’s Coronation next month.
  Located in Farringdon, London, The King in the Castle is encouraging the nation to do good by going to th
  
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• M&Co employees take legal action over ‘no warning’ redundancies

  20-04-2023 14:54 via retailgazette.co.uk
  
  // Over 90 M&Co employees are set to take legal action against the retailer over redundancies
  // According to Morrish Solicitors, which represents M&Co employees, there was “no advance warning” of redundanciesOver 90 M&Co employees are taking legal action against M&Co over redundancies after claiming they were let go from their posts without a consultation period.
  Its administrator Teneo made a number of redundancies at the fashion retailer‘s head office an
  
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• First look: Rituals opens immersive Covent Garden AR pop-up

  20-04-2023 14:24 via retailgazette.co.uk
  
  // Rituals to open a two-day immersive pop-up tomorrow to celebrate its ‘The Ritual of Sakura’ range
  // Vistors will be able to discover the range through augmented reality as well as have the chance to win prizesRituals will be opening the doors to an immersive two-day London pop-up tomorrow as it celebrates its new ‘The Ritual of Sakura’ collection.
  The ticketed event taking place in ovent Garden will run from 21-22 April and showcase the story behind the luxury beauty
  
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• Starbucks certifies first five UK Greener Stores

  20-04-2023 13:13 via retailgazette.co.uk
  
  // Starbucks has certified five of its UK stores as Greener Stores
  // The multinational chain has a target to reduce its carbon emissions by 50% by 2030Starbucks has certified its first five Greener Stores in the UK as it commits to certifying 100 outlets across Europe, the Middle East and Africa this year.
  The branches include London’s Battersea Power Station, Birmingham Selly Oak, Dartford Prospect Place, Beckton Gallions Reach and Cardiff Capital Shopping Park.
  The recent additions will
  
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• Ikea makes biggest investment in single country with €2bn US push

  20-04-2023 12:42 via ft.com
  World’s largest furniture retailer wants to win market share beyond Europe
  
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• Watch: Pets At Home unveils new brand identity and ad campaign

  20-04-2023 12:11 via retailgazette.co.uk
  
  // Pets at Home has relaunched its brand with a new identity and advertising campaign
  // The refresh is the next move in the retailer’s ambition to cement itself as the one-stop destination for all pet care needs, from grooming to veterinary servicesPets at Home has unveiled a relaunch of its brand with a new identity and advertising campaign that brings together all elements of its business and celebrates the nation’s love of pets.The refreshed brand is the next move in the pet spec
  
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• Mulberry retail revenues rise driven by strong UK sales and ‘improved’ China trading

  20-04-2023 11:48 via retailgazette.co.uk
  
  // Mulberry posts an “improvement” in retail revenue over the second half of the year thanks to UK and Chin sales
  // The company has further invested in the Asia Pacific region, including the launch of a duty-free store in Hainan, ChinaMulberry has said that trading “is in line” with expectations despite the difficult economic environment.
  The British luxury retailer said group revenue was slightly ahead of last year and underlying group profitability weighted to the seco
  
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• Poundland owner Pepco delivers strong sales thanks to store openings and value offering

  20-04-2023 11:23 via retailgazette.co.uk
  
  // Pepco Group reports a 22.8% surge in first-half revenue as shoppers seek out value
  // The group maintained its full-year guidance and said it “remains confident on the outlook”Poundland owner Pepco has posted a 22.8% rise in first-half revenue, driven by strong demand for its value offers from cash-strapped shoppers amid the cost of living crisis and the opening of 166 new stores.
  The retailer’s revenue stood at €2.84 billion for the six months to March 31 while li
  
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• JD Sports names first global managing director to further drive growth

  20-04-2023 10:57 via retailgazette.co.uk
  
  // JD Sports appoints Michael Armstrong as global managing director
  // He will oversee the strategic direction of the JD brand, its operations and colleagues and more…JD Sports has appointed Michael Armstrong to the newly created role of global managing director of the business, to help further drive the group’s growth and meet its ambition to become the “leading global sports-fashion powerhouse.”
  Armstrong will report to the sports retailer‘s chief executive
  
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• Dunelm sales rise 6% thanks to later Winter sale

  20-04-2023 09:43 via retailgazette.co.uk
  
  // Dunelm hails “strong growth” across in-store and online channels boosted by a successful winter sale
  // The homewares retailer posted a 6% increase in sales for the 13 weeks to April 1Dunelm enjoyed a 6% boost in sales thanks to savvy shoppers cashing in on a later winter sale.
  The homewares retailer posted total sales rose to £423m for the 13 weeks to April 1 hailing a successful Winter sale, which it moved from the second quarter to the third.
  Dunelm reported “s
  
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• WHSmith profits treble as travel business take flight

  20-04-2023 09:38 via retailgazette.co.uk
  
  // WHSmith headline profit jumped from £14m to £45m
  // A “significant recovery” in passenger numbers helped drive an almost five-fold jump in profits at its travel businessWHSmith had a stellar first half with profits coming in ahead of expectations as a “significant recovery” in passenger numbers bolstered its travel business.
  Pre-tax profit before non-underlying items more than trebled from £14m to £45m while sales rocketed 41% to £859m in
  
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• Supermarkets accused of keeping food prices high

  20-04-2023 09:11 via retailgazette.co.uk
  
  // Supermarkets accused of failing to curb rocketing food prices
  // Food inflation jumped to 19.1% in March, the sharpest rise in 45 years.Supermarkets have been accused of failing to curb rocketing food prices after the cost of groceries jumped a record high.
  Food and drink inflation rose to 19.1% in March, the sharpest rise in 45 years, thanks to strong increases across everything from bread, cucumbers, eggs and milk.
  This meant that overall inflation remained in the double digits at 10.1
  
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• THG shareholders ‘would reject Apollo takeover approach’

  20-04-2023 08:51 via retailgazette.co.uk
  
  // THG activist investor Sparta Capital claims shareholders would dismiss Apollo takeover approach
  // The group received a preliminary offer from the US private equity giant on MondayA THG activist investor has said the group’s shareholders would reject a takeover approach from Apollo Global Management even at a significant premium.
  On Monday, the group confirmed it had received a preliminary offer from the US private equity giant which now has until 15 May to make a formal proposal.
  
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• The Body Shop boss David Boynton steps down after five years

  20-04-2023 08:29 via retailgazette.co.uk
  
  // The Body Shop CEO David Boynton will step down from his role at the end of April
  // Former coach exec Ian Bickley will replace Boynton on an interim basisThe Body Shop chief executive David Boynton is to step down from his role at the end of this month after five and a half years.
  Natura&Co board directior and former Coach boss Ian Bickley will replace Boynton on an interim basis as the beauty retailer searches for a permanent successor.
  Boynton, who took the helm in 2017, has been i
  
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• WH Smith posts jump in sales and profit

  20-04-2023 02:00 via theretailbulletin.com
  
  WH Smith has reported healthy first half growth following a particularly strong performance by its travel business. In the six months to 28 February, revenue increased... View Article
  
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• Toolstation gives staff a 9.4% pay increase

  20-04-2023 02:00 via theretailbulletin.com
  
  Toolstation is introducing a pay rise of 9.4% for all colleagues at entry level and in all store and operations roles. The move means that the... View Article
  
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• “Tech for Social Purpose” Discussion with Pennies – Day 2, Retail Tech Show: 12:10pm

  20-04-2023 02:00 via theretailbulletin.com
  
  “Tech for Social Purpose” Discussion with Pennies – Day 2, 12:10pm Payments providers are utilising existing infrastructure to create millions of pounds of social impact every... View Article
  
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• Q&A: Chris Kronenthal, President of Freedompay

  20-04-2023 02:00 via theretailbulletin.com
  
  FreedomPay is a world-renowned tech company that transforms existing payment systems from legacy to leading edge. Can you tell us a bit about your background? I’m... View Article
  
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• People Matter: Why you should be investing in DEI

  20-04-2023 02:00 via theretailbulletin.com
  
  If you’re looking to motivate and engage your employees this year, be sure to build a culture that focuses on diversity, equity and inclusion (DEI). Building... View Article
  
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• New Bershka store opens doors at Blanchardstown Centre

  20-04-2023 02:00 via theretailbulletin.com
  
  International fashion retailer Bershka, has today opened the doors to its new store at Blanchardstown Centre, Dublin’s largest retail and leisure destination. Bershka is owned by... View Article
  
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• Mulberry delivers improved retail revenue

  20-04-2023 02:00 via theretailbulletin.com
  
  Mulberry has delivered an improvement in retail revenue over the second half of its financial year following a good performance in the UK and an improving... View Article
  
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• JD Sports appoints Michael Armstrong as global managing director

  20-04-2023 02:00 via theretailbulletin.com
  
  JD Sports has appointed Michael Armstrong to the newly created position of global managing director of JD. Reporting to JD Sports group chief executive Régis Schultz,... View Article
  
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• Gramicci chooses Seven Dials for opening of first global store

  20-04-2023 02:00 via theretailbulletin.com
  
  Shaftesbury Capital has announced that US clothing brand Gramicci is to open its first global store at London’s Seven Dials shopping district. Situated at 3 Earlham... View Article
  
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• Dunelm posts third quarter sales growth despite “challenging” trading backdrop

  20-04-2023 02:00 via theretailbulletin.com
  
  Dunelm has seen its third quarter sales rise by 6% to £423 million after it delivered broad based growth both in-store and online. The homewares retailer... View Article
  
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• David’s Bridal enters administration

  20-04-2023 02:00 via theretailbulletin.com
  
  David’s Bridal has entered administration hours after its owner filed for bankruptcy. The news follows the recent announcement by the US retailer that it was to... View Article
  
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• Can we expect The King’s Coronation celebrations to lift sales?

  20-04-2023 02:00 via theretailbulletin.com
  
  Royal celebrations are just around the corner as the nation comes together to commemorate the coronation of His Majesty King Charles III and The Queen Consort.... View Article
  
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