Retail news

• ‘Deeply sorry’ CBI suspends policy and membership activity until June after firms quit following second rape allegation – as it happened

  21-04-2023 22:58
  
  John Lewis, BMW, NatWest, Unilever, Aviva, Virgin Media 02 and GSKalso distance from lobby group after Guardian reports into alleged misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• ‘Deeply sorry’ CBI suspends policy and membership activity until June after firms quit following second rape allegation – business live

  21-04-2023 20:28
  
  Unilever, Aviva, Virgin Media 02, GSK, PwC and ITV also distance from lobby group after Guardian reports into alleged misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Tesco and Sainsbury’s join John Lewis, BMW and more firms deserting CBI after second rape allegation – business live

  21-04-2023 18:52
  
  Unilever, Aviva, Virgin Media 02, GSK, PwC and ITV also distance from lobby group after Guardian reports into alleged misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Matthew Moulding: THG boss falls out of love with the City

  21-04-2023 18:00
  Another chaotic week for the online retailer featured bid talks, poor results and share-price swings
  
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• John Lewis, BMW, Aviva and NatWest quit CBI, AstraZeneca and Meta pause links over ‘horrific allegations’ – business live

  21-04-2023 17:48
  
  Virgin Media 02, GSK, PwC and ITV also distance from lobby group after Guardian reports into alleged rape and misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• John Lewis, BMW, Aviva and NatWest quit CBI, AstraZeneca and ITV pause links over ‘horrific allegations’ – business live

  21-04-2023 17:19
  
  Virgin Media 02, GSK, PwC and British Land also distance from lobby group after Guardian reports into alleged rape and misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Selfridges courts circular economy with Worn Again Season

  21-04-2023 17:06 via retailgazette.co.uk
  
  // Selfridges are set to delve in to the circular economy with a new Worn Again season
  //  The flagship department store will host events giving users the chance to get clothes upcycled and take part in a swap shopSelfridges will host a ‘season of second hand and circular shopping’, it has announced.
  The premium department store’s Worn Again season will showcase the Reselfridges range at the purposefully designed ‘The Edit’, in London Birmingham and Manchester,
  
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• John Lewis, BMW, Aviva and Virgin Media O2 quit CBI, AstraZeneca and PwC pause links over ‘horrific allegations’ – business live

  21-04-2023 16:51
  
  GSK and British Land among firms to end or pause links with lobby group after Guardian reports into alleged rape and misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• John Lewis, Aviva and Virgin Media O2 quit CBI, AstraZeneca and PwC pause links over ‘horrific allegations’ – business live

  21-04-2023 16:19
  
  John Lewis latest firm to end membership of business lobby group in wake of Guardian reports into alleged rape and misconductSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Aviva, Phoenix, ABI and Virgin Media O2 quit CBI, as PwC suspends activity over ‘multiple horrific allegations’ – business live

  21-04-2023 15:52
  
  Insurance company Aviva says CBI ‘no longer able to fulfil its core function’, as two FTSE 100 insurers quit lobby groupAviva ends CBI membership ‘in light of very serious allegations’Second woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creatin
  
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• Aviva, Phoenix and ABI quit CBI, as PwC suspends activity over ‘multiple horrific allegations’ – business live

  21-04-2023 15:19
  
  Insurance company Aviva says CBI ‘no longer able to fulfil its core function’, as two FTSE 100 insurers quit lobby groupAviva ends CBI membership ‘in light of very serious allegations’Second woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creatin
  
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• Aviva, Phoenix and ABI quit CBI following latest allegations, as fund manager abrdn ‘weighs exit’ – business live

  21-04-2023 14:36
  
  Insurance company Aviva says CBI ‘no longer able to fulfil its core function’, as two FTSE 100 insurers quit lobby groupAviva ends CBI membership ‘in light of very serious allegations’Second woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creatin
  
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• THG: As losses widen, how much is the business really worth?

  21-04-2023 13:55 via retailgazette.co.uk
  
  // On Tuesday, THG posted £500 million in operating losses, just hours after it received a preliminary offer from private equity giant Apollo Global Management, causing its share price to surge 43%.
  The big question is whether founder Matt Moulding and the THG board that would accept an offer if one materialises.
  // To find out more, visit Retail Gazette’s sister site, Charged RetailEven with the share price surge this week, THG is still has a market cap of just £1.2bn –
  
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• Aviva and Phoenix quit CBI following latest allegations, as fund manager abrdn ‘weighs exit’ – business live

  21-04-2023 13:01
  
  Insurance company Aviva says CBI ‘no longer able to fulfil its core function’, following allegations of misconduct at lobby groupSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Changing consumer behaviour: has the cost-of-living crisis changed the way we shop for good?

  21-04-2023 12:48 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEAnecdotally, there’s no doubt that cost-of-living pressures have changed the way people shop at the supermarket, with stories of cost-conscious consumers visiting Waitrose and Aldi in the same trip.
  As the weekly grocery bills continue to inch steadily upwards, shoppers have been relying on supermarket loyalty schemes and price lock campaigns, scouting around at different grocers and buying more own-label food to save all the pennies they
  
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• Aviva quits CBI over ‘very serious allegations’, as fund manager abrdn ‘weighs exit’ – business live

  21-04-2023 11:24
  
  Insurance company Aviva says CBI ‘no longer able to fulfil its core function’, following allegations of misconduct at lobby groupSecond woman claims she was raped by colleagues while working at CBIResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are now unverified, which risks creating confusion for users. Continue reading...
  
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• Farfetch names TikTok exec Nick Tran as new chief marketing officer

  21-04-2023 11:23 via retailgazette.co.uk
  
  // Farfetch has appointed former TikTok global head of marketing Nick Tran as its chief marketing officer
  // In his new role Tran will oversee all global marketing functions for Farfetch marketplacesFarfetch has named former TikTok global head of marketing Nick Tran as its new chief marketing officer.
  Tran will oversee all global marketing functions for the luxury fashion platform‘s marketplaces and replaces Elliot Jordan, who will step down by the end of 2023, after more than eight y
  
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• Roundtable: Online marketplaces and the new era of eCommerce

  21-04-2023 11:15 via retailgazette.co.uk
  
  Retail Gazette and Octopia roundtable brings retailers together to discuss the rise of the online marketplace and whether retailers should build their own.
  B&Q is doing it. So are Superdrug, Next, Mountain Warehouse, and several others – while Boots will be following in their footsteps later this year.
  The ‘it’ in question is running their own online marketplace, and the rapid rise in traditional retailers adopting a marketplace model to broaden their inventories and expand
  
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• Britain’s economy growing at fastest pace in a year; Twitter drops ‘legacy’ blue ticks – business live

  21-04-2023 11:11
  
  Service sector growth underpins fastest rise in UK private sector output since April 2022, while “legacy” Twitter blue checks have been removedFull story: Retail sales in Great Britain dampened by poor weather‘Legacy blue checks’ disappear from Twitter as Musk’s changes take effectResearcher John Scott-Railton has been examining the confusion caused by the removal of the old verification on Twitter.He shows how smaller US government agencies, and those overseas, are
  
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• H&M to merge Weekday and Monki, revive Cheap Monday to create new ‘youth destination’

  21-04-2023 11:10 via retailgazette.co.uk
  
  // H&M Group is set to merge its Monki and Weekday brands while reviving Cheap Monday, to form an “umbrella of a new youth destination”
  // As a result, 150 colleagues working at Monki’s head office in Gothenburg will be affected as the location closesH&M Group is to merge its Weekday and Monki retail brands as it looks to create an “exciting experience” to meet young customers’ needs and preferences.
  It has also brought back Cheap Monday, which closed
  
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• Retail sales in Great Britain dampened by poor weather

  21-04-2023 09:28
  
  March sales fell by 0.9%, says ONS, which was more than economists had predictedRetail sales in Great Britain fell more than expected in March as poor weather kept shoppers at home, ending two months of increased spending by consumers.The Office for National Statistics (ONS) said retail sales volumes fell 0.9% last month as the wettest March in 40 years dampened shopper enthusiasm for visiting department stores, clothing shops and garden centres. Continue reading...
  
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• Wet weather washes out March retail sales

  21-04-2023 09:18 via retailgazette.co.uk
  
  // March retail sales dipped 0.9% in March as the wet weather hit demand
  // It was the 12th consecutive month of declining sales volumes in retailWet weather hit UK retail sales in March with volumes falling 0.9% month on month in March, wiping out the 1.1% rise seen in February, according to the Office of National Statistics.
  Sales volumes excluding fuel declined 3.2% against last year, however values were up 6%, although this was driven by double digit inflation. 
  BRC chief executive Hele
  
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• UK retail sales volumes fall amid bad weather and inflation; Twitter drops ‘legacy’ blue ticks – business live

  21-04-2023 08:52
  
  Poor weather conditions throughout most of March hit sales, while “legacy” Twitter blue checks have been removedHow can the UK tackle double-digit inflation?‘Legacy blue checks’ disappear from Twitter as Musk’s changes take effectHorror novelist Stephen King found that he still has a blue tick following the purge of legacy verified accounts on Thursday.Last November, King had declared he wouldn’t sigh up for Twitter Blue, telling his seven million followers th
  
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• Sainsbury’s launches ‘Pocket Friendly Prices’ value campaign in convenience stores

  21-04-2023 08:44 via retailgazette.co.uk
  
  // Sainsbury’s has launched its ‘Pocket Friendly Prices’ campaign across its convenience stores this week
  // The move follows the debut of Nectar Prices last weekSainsbury’s has debuted a new price campaign within its convenience stores to promote ‘Pocket Friendly Prices’.
  The grocer introduced signage into its 800 c-stores earlier this week, according to The Grocer, showcasing the low prices of products including own-brand chicken breasts, butter and cherry t
  
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• UK retail sales fall 0.9% in March to miss forecasts

  21-04-2023 08:32
  Reading puts an end to two successive months of rises
  
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• Made.com auditor EY probed by watchdog following collapse

  21-04-2023 08:13 via retailgazette.co.uk
  
  // Made.com auditor EY will be probed by the FRC over its work on the collapsed retailer’s 2021 accounts
  // The retailer collapsed last November, less than 18 months after it floated with a £775m valuationMade.com auditor EY is under investigation by the UK accounting watchdog the Financial Reporting Council (FRC) over how it evaluated the finances of the collapsed furniture retailer.
  The FRC has launched a probe into how the big four accountancy giant audited Made.com’s 2
  
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• Reinventing the supermarket: From checkout-free to pre-ordering

  21-04-2023 07:54 via retailgazette.co.uk
  
  Aisle, counter and checkout – the grocery store format is one which is familiar to all of us.
  When you imagine a typical supermarket, this format and layout has remained largely unchanged since my grandparents were doing their weekly shops.
  Kelly Askew, Accenture
  This was turned on its head when the Covid-19 pandemic hit.
  Overnight, consumers and retailers alike were challenged to rethink and adapt. We saw a higher reliance on online shopping, a new demand for instant grocery orders, and a
  
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• UK forecourt owners accused of charging more for diesel than necessary

  21-04-2023 07:00
  
  Campaigners claim lower wholesale prices not being passed on, adding to soaring inflation as many businesses rely on dieselForecourt owners in the UK are adding to soaring inflation for consumers by charging many businesses that rely on diesel more than necessary at the pumps, campaigners have claimed.The pump price for diesel is about 10% higher than for petrol, even though the wholesale market price is lower, reigniting concerns that forecourt owners are profiteering at the expense of diesel d
  
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• ‘Our children will know who we were by our vinyl’: the magic and mayhem of running a record shop

  21-04-2023 07:00
  
  Record Store Day will have music fans queuing up this weekend – but how do these shops survive, and what do they bring to the high street in 2023? Our writer puts in a shift at Jumbo in Leeds to find outAs a teenager in Leeds in the 1980s, the centre of my universe was Jumbo Records. I bought all my New Order and Smiths singles there. The tiny unit in the Merrion Centre shopping precinct even hosted one of my earliest conversations with a pop star, when Billy Bragg played an in-store gig w
  
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• Beyond Amazon — curated marketplaces get sophisticated

  21-04-2023 06:00
  A new breed of online stores is using smart filtering, consumer reviews and tech stacks to help overwhelmed shoppers sift through choices
  
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• Tesco to open first-ever pub to celebrate the Coronation

  21-04-2023 02:00 via theretailbulletin.com
  
  Supermarket giant Tesco is opening the doors to its first-ever pub in celebration of the King’s Coronation in May. The “King in the Castle” pub will... View Article
  
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• Royal Honour for Enterprise awarded to Ocushield

  21-04-2023 02:00 via theretailbulletin.com
  
  Eye healthcare brand Ocushield has been awarded the prestigious King’s Award for Enterprise. The business infamously devised in a university bedroom which is now helping to... View Article
  
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• Pret A Manger opens first store in India through partnership with Reliance Brands

  21-04-2023 02:00 via theretailbulletin.com
  
  The Pret A Manger sandwich shop brand has opened its first shop India. The move follows Pret’s signing of a long-term master franchise partnership with Reliance Brands... View Article
  
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• Lush Cosmetics increases UK pay in line with the Real Living Wage findings

  21-04-2023 02:00 via theretailbulletin.com
  
  Lush has increased wages for UK staff as one of the accredited Living Wage Foundation employers. Set by the Living Wage Foundation and based on the... View Article
  
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• Krispy Kreme joins line-up at Manchester Arndale

  21-04-2023 02:00 via theretailbulletin.com
  
  Doughnut specialist Krispy Kreme has opened a new 3,700 square foot shop at Manchester Arndale as part of its ongoing UK expansion strategy. The new shop... View Article
  
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• H&M to merge Weekday and Monki to create new “youth destination”

  21-04-2023 02:00 via theretailbulletin.com
  
  H&M Group is to merge its Weekend and Monki retail brands as it looks to create an “exciting experience” to meet young customers’ needs and preferences.... View Article
  
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• Cumbria-based e-commerce company Fruugo wins King’s Award for Enterprise

  21-04-2023 02:00 via theretailbulletin.com
  
  Global online marketplace platform Fruugo has been honoured with the first ever King’s Award for Enterprise for International Trade. Fruugo is among 148 organisations nationally to be... View Article
  
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• Cumbria-based e-commerce company Fruggo wins King’s Award for Enterprise

  21-04-2023 02:00 via theretailbulletin.com
  
  Global online marketplace platform Fruugo has been honoured with the first ever King’s Award for Enterprise for International Trade. Fruugo is among 148 organisations nationally to be... View Article
  
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• Consumer confidence jumps in April

  21-04-2023 02:00 via theretailbulletin.com
  UK consumer confidence has jumped this month, despite the rising cost of living, as people feel more positive about the economy and their personal finances. GfK’s... View Article
  
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• Coach launches new “circular craft” based sub-brand

  21-04-2023 02:00 via theretailbulletin.com
  
  Luxury brand Coach has launched a new sub-brand called Coachtopia which has a focus on “circular craft and collaborative creativity”. Initially rolling out in the US,... View Article
  
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