Retail news

• Minister rejects calls for intervention over soaring UK food costs

  05-05-2023 20:00
  Retailers and producers will not be asked to stop raising prices in wake of food inflation hitting 45-year high
  
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• Aldi UK cuts more than 1,300 tonnes of carbon with new energy-saving measures instore

  05-05-2023 18:27 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEAldi will be reducing its carbon footprint through a series of new energy-saving measures which are being introduced in stores across the UK.
  Some of the measues include installing chiller doors, air source heat pumps and more efficient fridges and lights, meaning the German discounter will be able to preserve a significant amount of carbon emissions.
  Aldi told Grocery Gazette that the carbon savings total 1,370 tonnes across the UK, coming on top of othe
  
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• Poundstretcher owner wants to float this year despite CEO exiting after less than a year

  05-05-2023 17:14 via retailgazette.co.uk
  
  // Poundstretcher owner Aziz Tayb wants to float the value retailer this year, he tells BusinessLive
  // Chief executive Derek Lawlow who joined last August exited after less than a yearThe owner of Poundstretcher wants to float the business this year, despite chief executive Derek Lawlor departing after less than a year over a difference of opinions on where the retailer should be headed.
  Aziz Tayub told BusinessLive he hoped an IPO would go ahead in 2023 and bring in money for further grow
  
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• Poundstretcher CEO exits after less than a year as owner plots IPO

  05-05-2023 17:14 via retailgazette.co.uk
  
  // Poundstretcher owner Aziz Tayb wants to float the value retailer this year, he tells BusinessLive
  // Chief executive Derek Lawlow who joined last August exited after less than a yearPoundstretcher chief executive Derek Lawlor has left the business after less than a year at the helm, as owner Aziz Tayub eyes an IPO.
  Lawlor, who was previously chief merchandising officer at Asda, joined the firm last August but left after a difference of opinion over the future direction of the business.
  Tayub
  
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• More UK Amazon workers vote for strike action as ‘domino effect’ begins

  05-05-2023 15:58 via retailgazette.co.uk
  
  // Amazon workers in Rugeley and Mansfield are to be balloted on industrial action
  // The ballots at Rugeley and Mansfield will begin on May 12 and run for four weeks until June 9Amazon is facing another round of strikes in the UK as union members at two more of its fulfilment centres back industrial action over pay in a ballot.More than 150 workers at the online giant‘s Rugeley and Mansfield overwhelmingly backed strikes in a consultative ballot, said GMB union.
  The Rugeley fulfilment cen
  
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• UK retailers and pubs hope for boost from coronation of King Charles

  05-05-2023 14:06
  Forecast £1.4bn total spend this weekend welcomed by businesses hit by sluggish consumer demand
  
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• Moss Bros plots store expansion as profits double

  05-05-2023 12:57 via retailgazette.co.uk
  
  // Moss Bros plans more store openings and marketplace offers after profits double
  // The formalwear retailer posted EBITDA soared 112% to £36m in the 12 months to January 2023Moss Bros has revealed plans to expand its store footprint and marketplaces offer after its profits more than doubled thanks to the continuing post-pandemic surge for formalwear.
  Sales for the menswear retailer skyrocketed 63% to £151.6m for the 12 months to January 2023, up from £93.1m the year befo
  
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• In pictures: Retailers celebrate King Charles III’s Coronation weekend

  05-05-2023 12:31 via retailgazette.co.uk
  
  Retailers across the capital are gearing up for King Charles’ Coronation bank holiday weekend, which is expected to bring a £50m boost to the area.
  Those in London’s West End have decorated its windows to welcome the new King – from colourful theatrical tributes to modest and simple nods.
  Retail Gazette rounds up some of the best windows in the capital.
  Fortnum & Mason
  Fortnum & Mason takes the crown with its colourful Coronation tribute inspired by royal cer
  
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• Apple beats sales estimates as it posts record iPhone sales

  05-05-2023 12:03 via retailgazette.co.uk
  // Apple posts better-than-anticipated second-quarter earnings as consumers continue purchasing iPhones
  // The tech giant recorded a 3% decline in revenue in the three months to April 1Apple posts a dip in sales in the second quarter as consumers hold off on large purchases of computers and iPads as rising prices hit wallets.
  The tech giant‘s revenue slipped 3% in the first three months of the year compared with the same period in 2022 to £75.4bn – marking a second quarter in a
  
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• Holland & Barrett expands wellness services with FitTech start-up Avie acquisition

  05-05-2023 09:49 via retailgazette.co.uk
  
  // Holland & Barrett acquires FitTech start-up Avie
  // The retailer will integrate the technology to create personalised wellness solutionsHolland & Barrett has acquired fitness technology firm Avie as part of its strategy to extend its services beyond retail.
  The health and wellness retailer will use Avie’s technology to create personalised wellness solutions for customers.
  As part of the deal, founders Charlie Leggate and Kit Logan will join the retailer’s wellness fut
  
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• Frasers brings former JD-owned brands under Flannels umbrella

  05-05-2023 09:23 via retailgazette.co.uk
  
  // Frasers Group’s Guilio, Choice and Base Childrenswear brands will be brought under the Flannels umbrella
  // The group is rebranding Base Childrenswear to Flannels Junior in the coming monthsGuilio, Choice and Base Childrenswear shops are set to close as Frasers Group brings the brands under its Flannels umbrella.
  The group snapped up the three chains and 12 others from JD Sports for £47.5m back in December.
  Drapers reported that Choice and Guilio is to be brought under the Fl
  
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• Boohoo asks suppliers for discount

  05-05-2023 08:38 via retailgazette.co.uk
  
  // Boohoo Group asks suppliers for 10% discount on all outstanding orders
  // The online retailer is in the process of cutting costs across the business following weaker salesBoohoo Group has asked suppliers for a discount on delivered and undelivered clothing as it looks to reduce costs in its supply chain.
  One supplier told The Times the online retailer had “demanded” a 10% discount for all outstanding orders.
  “It turns all orders produced into losses,” they said.Su
  
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• US lawmakers call for Shein to be investigated over Uyghur forced labour

  05-05-2023 08:06 via retailgazette.co.uk
  
  // Lawmakers in the US have expressed their concerns about Shein violating human rights
  // The letter comes ahead of a potential US IPO later this yearUS lawmakers have written to the Securities and Exchange Commission (SEC) “with serious concerns” about Shein using Uyghur forced labour to create its clothes, calling for an investigation into forced labour practices ahead of a potential US IPO later this year.
  The letter, sent from a bipartisan group of 22 US House of Representatives
  
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• Moss posts jump in sales and profit

  05-05-2023 02:00 via theretailbulletin.com
  
  Moss has been boosted by a jump in annual sales and profit as it continues its post-Covid recovery. In the year to January 2023 the men’s... View Article
  
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• Lidl sees quiche sales soar in run-up to coronation weekend

  05-05-2023 02:00 via theretailbulletin.com
  
  Lidl has reported a surge in sales of items such as quiche and champagne in the run-up to the coronation. Sales of the supermarket’s premium Deluxe... View Article
  
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• King’s Coronation to boost UK economy by £1.5 B by record 3 million tourists

  05-05-2023 02:00 via theretailbulletin.com
  
  The upcoming Coronation is expected to deliver a massive economic windfall for the UK, with a record-breaking 3 million international tourists expected to visit the country... View Article
  
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• In delivery, complex doesn’t have to mean complicated

  05-05-2023 02:00 via theretailbulletin.com
  
  Understanding the true complexity of modern delivery is key to mastering it, says Rory O’Connor, founder and CEO of Scurri, the next-generation delivery management platform. No... View Article
  
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• Hollister to open new Soho store

  05-05-2023 02:00 via theretailbulletin.com
  
  Hollister, a division of Abercrombie & Fitch, is to open a new London store in Foubert’s Place in Soho. Situated just off Carnaby Street, the shop... View Article
  
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• Hollister relocates London store to Soho

  05-05-2023 02:00 via theretailbulletin.com
  
  Hollister, a division of Abercrombie & Fitch, is to relocate of its London store to Foubert’s Place in Soho. Situated just off Carnaby Street, the new... View Article
  
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• Holland & Barrett acquires fit-tech start-up Avie

  05-05-2023 02:00 via theretailbulletin.com
  
  Health and wellness retailer Holland & Barrett has acquired fit-tech start-up Avie as part of plans to extend its reach beyond retail by creating personalised wellness... View Article
  
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• Goldsmiths expands presence at Liverpool ONE

  05-05-2023 02:00 via theretailbulletin.com
  
  Watch and jewellery retailer Goldsmiths is increasing its presence at Liverpool ONE by doubling the size of its existing store. It will also be introducing its... View Article
  
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• April footfall boosted by strong Easter weekend

  05-05-2023 02:00 via theretailbulletin.com
  
  New figures have shown that footfall rose by 7.2% from March to April following a drop of 2.8% from February to March. According to MRI Springboard,... View Article
  
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• Superdry: What’s gone wrong and how can it bounce back?

  05-05-2023 00:52 via retailgazette.co.uk
  
  Superdry raised £12 million through an equity placing this week to help bolster its balance sheet as it looks to transform the business.
  The retailer has certainly had its highs and lows over the years. The once ubiquitous brand soared in popularity in the noughties and floated in 2010 with a valuation of £395m.
  Then followed a period of expansion, both domestically and around the world.
  Its share price soared, reaching a zenith of more than £20 a share in early 2018 &nda
  
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