Retail news

• Asda plans 5% pay cut for about 7,000 workers just outside London

  18-05-2023 20:12
  
  Supermarket is consulting about removing a 60p an hour supplement at 39 stores outside M25 despite the cost of living crisisAsda is planning to cut pay for about 7,000 workers in stores close to London by about 5% despite the surge in the cost of living in Britain.The UK’s third biggest supermarket, which was bought by the billionaire Issa brothers and private equity firm TDR Capital in 2020, said it was in consultation about removing a 60p an hour supplement from workers at 39 stores site
  
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• Walmart: come for the everyday low prices, stay for the side hustles

  18-05-2023 19:26
  Diversifying from low-margin grocery sales is bearing fruit for America’s biggest bricks-and-mortar retailer
  
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• Party supplies firm founded by the Middletons sold after collapse

  18-05-2023 18:03
  
  Entrepreneur James Sinclair buys Party Pieces for an undisclosed amount after administrators brought inThe online party supplies retailer founded by the parents of the Princess of Wales has been sold after collapsing into administration.Party Pieces, founded in 1987 by Kate’s parents, Carole and Michael Middleton, was bought out of administration on Thursday by the entrepreneur James Sinclair, who owns businesses including Teddy Tastic Bear Co Ltd. Continue reading...
  
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• Burberry delivers ‘strong financial performance’ boosted by China re-opening

  18-05-2023 17:54 via retailgazette.co.uk
  
  // Burberry sees sales rise as China rebounds in its fourth quarter
  // Revenues topped the £3bn mark in the twelve months to the start of April this yearBurberry boss Jonathan Akeroyd hailed a “strong financial performance” that saw full-year sales soar.
  Revenues at the luxury British fashion retailer rose 10% topping the £3bn mark in the twelve months to the start of April this year. Its fourth quarter was significantly boosted by a rebound of its largest market China, f
  
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• Alibaba kicks off unit IPOs as revenue growth weakens

  18-05-2023 14:58
  Chinese tech giant to list logistics and grocery arms and spin off cloud division in big restructuring
  
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• Sainsbury’s launches ‘first of its kind’ free BBQ space

  18-05-2023 14:50 via retailgazette.co.uk
  
  // The event in South Bank, London is taking place this June
  // Sainsbury’s is giving away free food hampers featuring its new summer rangeSainsbury’s is to launch a free ‘Book-a-BBQ Garden’ in South Bank, London this summer.
  The ‘first of its kind’ event will run from 1 to 3 June during National BBQ Week and will give guests the chance to enjoy lunch or dinner using the supermarket’s new summer range.
  The garden will be open from 12pm to 8pm and looks t
  
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• Burberry warns UK losing ground to Europe after loss of tax break

  18-05-2023 12:47
  End of duty-free shopping scheme following Brexit encourages spending elsewhere, brand chief says
  
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• Boux Avenue joins forces with cancer charities to support women ‘from top to bottom’

  18-05-2023 11:20 via retailgazette.co.uk
  
  // Boux Avenue partners with charities CoppaFeel! and Jo’s Cervical Cancer Trust to raise awareness of breast and cervical cancer
  // Shoppers will be able to donate at the tills and online checkouts, with a 50/50 split going to each charityBoux Avenue has partnered with CoppaFeel! and Jo’s Cervical Cancer Trust as it looks to support women “from top to bottom”.
  Launching later this month, shoppers will be able to donate at the tills and online checkouts, with a 50/50
  
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• Burberry boss says Brexit VAT changes put UK at ‘competitive disadvantage’

  18-05-2023 11:14
  
  Jonathan Akeroyd says axing of tax break for tourists is damaging sales in retailer’s home marketThe boss of Burberry has complained that the UK is at a “competitive disadvantage for global shoppers” which has held back sales in its home market after the government ditched a VAT tax break for tourists.Jonathan Akeroyd, the chief executive of the luxury British brand best known for its signature check and raincoats, said sales to tourists had risen 19% in London in the three mon
  
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• eBay hires pre-loved director as it makes acquisition

  18-05-2023 11:10 via retailgazette.co.uk
  
  // eBay names renowned stylist Amy Bannerman as its in-house pre-loved style director
  // The appointment comes hours after the marketplace signed a deal to acquire authentication and digital ID firm CertilogoeBay has named renowned fashion stylist and pre-loved fashion advocate, Amy Bannerman, as its in-house pre-loved style director.
  With over 20 years of experience buying and selling on the online marketplace giant, eBay said Bannerman “will apply her specialist experience in pre-loved f
  
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• Topps Tiles lines up Paul Forman as chairman designate

  18-05-2023 10:45 via retailgazette.co.uk
  
  // Topps Tiles names manufacturing veteran Paul Forman as chairman Darren Shapland’s successor
  // Shapland will step down from his role in October after nine-yearsTopps Tiles has named Paul Forman as chair designate to take over from chairman Darren Shapland as he nears the end of his tenure.
  The manufacturing veteran will join the board on 1 July and assume Shapland’s duties at the start of the retailer’s new financial year on 1 October.
  Shapland is to step down from his
  
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• The Works hails resilient performance despite ‘challenging backdrop’

  18-05-2023 09:05 via retailgazette.co.uk
  
  // The Works posts rising sales despite trading against “a challenging backdrop”
  // Total sales increased by 6.1% to £316.6m, compared to £298.4m last yearThe Works has reported a jump in full year sales in what it described as “a resilient performance”.
  During the year to April 30, the arts and crafts retailer posted a 6.1% rise in total sales to £316.6m, compared to £298.4m last year. In-store sales surged 7.5% on a like-for-like basis, repr
  
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• Why are eggs so expensive? Here’s what a farmer and 14,000 hens told me

  18-05-2023 07:00
  
  British eggs now cost almost a third more than a year ago. But that hasn’t stopped producers from going bust, or getting rid of their flocks. Who or what is to blame, apart from Putin, feed prices, the supermarkets … ?In a field outside the village of Kehelland, near Camborne in Cornwall, a brood of hens are doing their thing – clucking, scratching, pecking at the ground, ranging freely among the grasses, crimson clover and kale. “All right, girls?” says Pete Olds,
  
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• Yoox-Net-A-Porter hires general manager for Middle East

  18-05-2023 02:00 via theretailbulletin.com
  
  Yoox-Net-A-Porter has appointed Celine Lefebvre as general manager for the Middle East. Due to take up her position on 23 May, she will join the online... View Article
  
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• Pret A Manger debuts in Luxembourg

  18-05-2023 02:00 via theretailbulletin.com
  
  Pret A Manger has opened its first shop in Luxembourg in the central district of Ville-Haute. The move marks another step in Pret’s ambitious growth plans... View Article
  
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• Oliver Bonas recognises the value of older workers as it signs Age-friendly Employer Pledge

  18-05-2023 02:00 via theretailbulletin.com
  
  British lifestyle retailer Oliver Bonas has become the first national high street retailer to sign the Age-friendly Employer Pledge. Established late last year by the Centre... View Article
  
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• Liverpool ONE hits the high notes thanks to Eurovision

  18-05-2023 02:00 via theretailbulletin.com
  
  Grosvenor has revealed the full extent of Eurovision’s positive impact on Liverpool ONE, revealing record-breaking footfall and sales results, following the hosting of the event by... View Article
  
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• How retailers can transform their debt management processes in the current cost-of-living crisis

  18-05-2023 02:00 via theretailbulletin.com
  
  By Craig Naylor-Smith, CEO, Parseq Never has it been more important for UK retailers to ensure they have a healthy cash supply flowing through all parts... View Article
  
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• Harness the power of your customer data to keep shoppers coming back.

  18-05-2023 02:00 via theretailbulletin.com
  
  Due to the recent shifts in market trends and consumer preferences, retailers and marketers in the retail sector have been forced to innovate faster than ever.... View Article
  
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• H&M launches new experience in metaverse to showcase Stranger Things collection

  18-05-2023 02:00 via theretailbulletin.com
  
  Following the launch of the H&M Loooptopia experience on Roblox in January, H&M has introduced a new limited time experience in the metaverse to showcase its... View Article
  
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• Burberry benefits from sales rebound in China

  18-05-2023 02:00 via theretailbulletin.com
  
  Luxury brand Burberry has posted a strong full year sales increase after growth rebounded in China in its fourth quarter. In the 12 months to 1... View Article
  
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• Boux Avenue empower woman with CoppaFeel! and Jo’s Cervical Cancer Trust partnership

  18-05-2023 02:00 via theretailbulletin.com
  
  Lingerie retailer Boux Avenue have partnered up with CoppaFeel! and Jo’s Cervical Cancer Trust, with a mission of looking after women from ‘top to bottom’. Breast... View Article
  
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