Retail news

• Sainsbury’s promises new entry price push as it expands Nectar Prices

  27-04-2023 18:48 via retailgazette.co.uk
  
  // Sainsbury’s is to push Nectar prices “further and faster” with plans to bring it online
  // The grocer also promised a new price push around entry price pointsSainsbury’s has promised a new price salvo around its entry price points as it expands its Nectar Prices online.
  The move come as Britain’s second biggest supermarket looks to boost its value credentials to win share in an increasingly price sensitive market.
  Boss Simon Roberts said the new initiative move t
  
  Read more

• eBay takes on fast furniture with new sustainable homeware hub

  27-04-2023 14:04 via retailgazette.co.uk
  
  // eBay launches ‘Better Than New Homeware Hub’ to encourage shoppers to buy for pre-loved furniture
  // Data from eBay reveals that pre-loved Home & Garden purchases on the site over the past year resulted in 6.5M kg of avoided wasteeBay has launched a new ‘Better Than New Homeware’ Hub in a bid to encourage the nation to take a slower approach to homewares.
  The curated destination has been designed to help shoppers consider pre-loved first when updating their interio
  
  Read more

• Sainsbury’s and Unilever deny claims of profiteering in cost of living crisis

  27-04-2023 13:59
  
  Supermarket and consumer goods conglomerate insist they are protecting shoppers from inflation surgeSainsbury’s and the Marmite maker Unilever have both insisted they are protecting shoppers from inflation, denying accusations that some companies are profiteering from the cost of living crisis.“We are not profiteering in any form,” the chief executive of Unilever, Alan Jope, said as the consumer goods company insisted it was only passing on three-quarters of its increased costs
  
  Read more

• Asda opens 150th On the Move convenience store as it continues expansion

  27-04-2023 12:54 via retailgazette.co.uk
  
  // Asda has opened its 150th ‘On the Move’ convenience store, as it looks to roll out 200 of the format by the end of 2023
  // The new store will operate on a 24-hour basis and feature a Greggs and Leon kiosk.Asda has opened the doors to its 150th Asda On the Move store this week, in partnership with EG Group.
  It marks the latest milestone in the grocer‘s ambitious plans to roll out 200 roadside convenience store formats by the end of the year.
  The new store, located at Baynards
  
  Read more

• Advertisement

• What Does It Take To Create Great Shopper Experiences Today?

  27-04-2023 11:58 via retailgazette.co.uk
  
  Learn which metrics matter most when crafting experiential retail
  You already know that delivering exceptional shopper experiences is a must — but what is a great experience for your shoppers? And how well do you even know your shoppers? How and when they shop? What they want? Who they are?
  If you’re not sure, don’t go it alone — help is here.
  Get your copy of our latest white paper, Creating Experiential Retail Along the Shopper Journey, today. In it, you’ll l
  
  Read more

• Hotel Chocolat remains ‘cautious’ as Easter sales perform ‘lower than expected’

  27-04-2023 11:52 via retailgazette.co.uk
  
  // Hotel Chocolat expects sales for its 2023 financial year to be slightly lower than market expectations and that underlying pre-tax profit will be breakeven
  // It said “excellent progress” was made on cost-base efficiencies and that it’s now expecting to see a return to sales and EBITDA growth by 2025Hotel Chocolat said it now expects sales to be slightly lower than market expectations and underlying profit before tax to break even in the 2023 financial year.
  After a transiti
  
  Read more

• Sainsbury’s profits slip it reveals cost of ‘keeping prices low’ for customers

  27-04-2023 08:33 via retailgazette.co.uk
  
  // Sainsbury’s posts a fall in its pre-tax profit, as it invests in “better value” for customers
  // The supermarket saw underlying profit before tax of £690mSainsbury’s has posted a fall in its pre-tax profit, after revealing it has spent more than £560m on “keeping our prices low over the last two years”.
  Britain’s second-largest supermarket said that in the year ending 4 March, its group revenue was up 5.3% to £31.491bn, but prof
  
  Read more

• Sainsbury’s profits slip as it reveals cost of ‘keeping prices low’ for customers

  27-04-2023 08:33 via retailgazette.co.uk
  
  // Sainsbury’s posts a fall in its pre-tax profit, as it invests in “better value” for customers
  // The supermarket saw underlying profit before tax of £690mSainsbury’s has posted a fall in its pre-tax profit, after revealing it has spent more than £560m on “keeping our prices low over the last two years”.
  Britain’s second-largest supermarket said that in the year ending 4 March, its group revenue was up 5.3% to £31.491bn, but prof
  
  Read more

• Advertisement

• M&S to invest additional £12.5m in London store estate, creating over 200 jobs

  27-04-2023 08:06 via retailgazette.co.uk
  
  // M&S unveils a £12.5 million investment in stores across London for the year ahead
  // The funding will create 200 jobs and double the total new square footage gained across its store estate last year.M&S is investing £12.5m into developing its London store portfolio this year, with a pipeline of new stores set to create 200 new roles for Londoners.
  It follows a £10.3m investment in the heritage retailer’s store estate in London last year, which also created 200
  
  Read more

• Frasers to launch ‘own version of Amazon Prime’ with membership and flexible payments rolled into one

  27-04-2023 07:51 via retailgazette.co.uk
  
  // Frasers boss Michael Murray describes the group’s ‘Frasers Plus’  as its version of Amazon Prime
  // It will be a membership programme and flexible payment solution rolled into one
  Frasers Group chief executive Michael Murray has revealed the business will be unveiling a new membership scheme and flexible payments solution, which he described as the retailer’s version of Amazon Prime.
  Speaking at this year’s World Retail Congress in Barcelona, Retail Week rep
  
  Read more

• Etsy sellers offering fake ‘handmade’ products at ripoff prices, says Which?

  27-04-2023 07:01
  
  Investigation finds rogue sellers charging up to seven times more for products than on other websites Etsy bills itself as a marketplace for “unique and creative” goods but scrutiny of its product listings has revealed sellers peddling fake “handmade” products that could be bought for a fraction of the price from big retailers including Amazon, Asda and the discount chain B&M.The investigation by the consumer group Which? found rogue sellers charging up to seven times
  
  Read more

• Will the extraordinary boom in luxury goods ever end?

  27-04-2023 06:00 via ft.com
  The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth
  
  Read more

• Uniqlo and Theory open joint store in Covent Garden

  27-04-2023 02:00 via theretailbulletin.com
  
  Uniqlo  and its sister brand Theory have opened a major new joint store in London’s Covent Garden. Spanning 1,450 square metres, the shop on Long Acre... View Article
  
  Read more

• Søstrene Grene set to open its first London store this May

  27-04-2023 02:00 via theretailbulletin.com
  
  Danish homewares store, Søstrene Grene, has announced it will be opening its first London store on Friday 12th May at Southside shopping centre in Wandsworth. Joining... View Article
  
  Read more

• Sainsbury’s profits squeezed after cost of ‘keeping prices low’

  27-04-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s has posted a decline in full year profit after it invested £560 million in cutting prices during the cost of living crisis. In the year... View Article
  
  Read more

• Nike to open ‘digitally focused’ Nike Rise store in Manchester

  27-04-2023 02:00 via theretailbulletin.com
  
  Sportswear giant Nike is to open a new 13,418 square foot store at Manchester Arndale. Due to launch later in 2023, it will be Nike’s first... View Article
  
  Read more

• New little dobbies opens in the heart of Cheltenham

  27-04-2023 02:00 via theretailbulletin.com
  
  Today (27 April) Dobbies Garden Centres has opened its new little dobbies store in the heart of Cheltenham. Located at 106 Promenade, the store is the... View Article
  
  Read more

• Marks & Spencer to invest £12.5 million in London store estate

  27-04-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer is to invest £12.5 million in its London store estate in the coming year. This will result in the creation of 200 jobs... View Article
  
  Read more

• Kimberly Hart-Simpson announced as BHF’s first Retail Ambassador

  27-04-2023 02:00 via theretailbulletin.com
  
  Coronation Street actress and entrepreneur, Kimberly Hart-Simpson, has been announced as the British Heart Foundation’s first Retail Ambassador. Kimberly has been a supporter of the BHF... View Article
  
  Read more

• Hotel Chocolat updates on trading and strategic progress

  27-04-2023 02:00 via theretailbulletin.com
  
  In a trading statement and update on its strategic progress, Hotel Chocolat has said it expects sales for its 2023 financial year to be slightly lower... View Article
  
  Read more

• Can he fix it? Yes, he can!

  27-04-2023 02:00 via theretailbulletin.com
  
  Buildings. How do we construct a greener future for our homes? Ian Pritchett will be revealing all at the Big Zero Show, with more than three... View Article
  
  Read more

• Asda finds disposable income has fallen in every UK region

  27-04-2023 02:00 via theretailbulletin.com
  
  New figures from Asda’s Income Tracker  have shown that household disposable incomes fell in every UK region in the first quarter of 2023. Across the UK... View Article
  
  Read more

Follow @retailuknws on Twitter!