Retail news

• Tesco chair John Allan to step down following misconduct claims

  19-05-2023 16:52 via ft.com
  Former CBI president has denied three allegations about his behaviour but apologised in relation to a fourth
  
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• Tesco chair John Allan to quit following misconduct claims

  19-05-2023 16:52 via ft.com
  Former CBI president has denied three allegations about his behaviour but apologised in relation to a fourth
  
  Read more

• Tesco chair John Allan to step down next month following misconduct claims

  19-05-2023 15:46 via ft.com
  Former CBI president had denied three allegations about his behaviour but apologised in relation to a fourth
  
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• Tesco chair to stand down after allegations of inappropriate behaviour

  19-05-2023 15:22
  
  John Allan, a prominent business leader and former CBI president, to leave role at AGM on 16 JuneJohn Allan will stand down as chair of Tesco after allegations of inappropriate behaviour.Allan, who has been chair of the UK’s biggest supermarket since 2015, will stand down at the retailer’s annual meeting on 16 June. Continue reading...
  
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• Tesco chair John Allan to step down amid inappropriate behaviour allegations

  19-05-2023 15:13 via retailgazette.co.uk
  
  // Tesco chair John Allan is set to step down from his role at the supermarket giant
  // Allan is currently facing claims that he acted in an inappropriate and unprofessional manner from four female employeesTesco has said John Allan will be stepping down from his role as chair of the board and a director of the business, as allegations of misconduct “risk becoming a distraction” to the supermarket.
  The news comes a week after Allan was accused to have acted in an inappropriate and un
  
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• Poundland eyes up more London locations for its local store format

  19-05-2023 12:19 via retailgazette.co.uk
  
  // Poundland is on the hunt for more locations in the M25 for its new store format
  // The move follows successful openings of its ‘Local’ stores over the last six months in East Dulwich, Clapham, Swiss Cottage and WhitechapelPoundland is continuing to seek out locations in the M25 for its new store format.
  The move follows successful openings of the value retailer‘s local stores during the last six months in East Dulwich, Clapham, Swiss Cottage and Whitechapel.
  Its recent new f
  
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• Data: 73% of former Debenhams stores remain empty

  19-05-2023 10:42 via retailgazette.co.uk
  
  // More than half of Debenhams former stores remain empty as high streets struggle to fill the void
  // Currently, only 27% of these vacant units have future use plansDespite May marking the two-year anniversary since the British department store shuttered, 73% of former Debenhams units remain empty.
  According to recent data from EG, only 27% of these locations have future use plans with the majority of vacant stores (20) based in the South East, followed by North East England (16) and Scotland (
  
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• Farfetch swings to loss despite sales rising 8%

  19-05-2023 10:19 via retailgazette.co.uk
  
  // Farfetch posts a loss after tax of £140m despite a rise in revenue
  // Chief executive José Neves said the results represent “the first step towards achieving our plan for 2023, our ‘Year of Execution’”Farfetch has posted an 8% rise in sales year on year to £448.5m for the three months to March 31 despite “continued headwinds from Russia, China and a stronger US dollar.”
  The luxury fashion platform said improved inventory, partnerships wit
  
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• Hotter owner Unbound mulls full sale as it seeks additional funding

  19-05-2023 09:34 via retailgazette.co.uk
  
  // Hotter owner Unbound mulls full sale as the board continues to seek additional funding
  // The group warned that while it will be able to make a bank repayment in July, a temporary working capital shortfall could arise in September and OctoberUnbound Group has revealed it is mulling a full sale of the company as the board continues to seek additional funding to complete the company’s restructuring, among other options.The parent company of Hotter Shoes said that although the board a
  
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• Hotter owner Unbound looks for sale as it seeks additional funding

  19-05-2023 09:34 via retailgazette.co.uk
  
  // Hotter owner Unbound mulls full sale as the board continues to seek additional funding
  // The group warned that while it will be able to make a bank repayment in July, a temporary working capital shortfall could arise in September and OctoberUnbound Group has revealed it is looking to sell the company as the board continues to seek additional funding to complete the company’s restructuring.The parent company of Hotter Shoes said that although the board anticipated it will be able t
  
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• Family behind Primark hold onto top 10 spot in Sunday Times rich list

  19-05-2023 09:11 via retailgazette.co.uk
  
  // Primark owners the Weston family retain their top 10 spot in the Sunday Times Rich List 2022
  // Guy, George, Alannah and Galen Weston have a combined wealth of £14.5bnThe billionaire family behind Primark have retained their dominance as one of the richest names in UK retail after landing in the top 10 of the Sunday Times Rich List.
  Guy, George, Alannah and Galen Weston have a combined wealth of £14.5bn and have come in at the seventh spot.
  This means they have edged up one spot a
  
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• Asda threatens to ‘fire and rehire’ over 7,000 workers, warns union

  19-05-2023 08:34 via retailgazette.co.uk
  
  // Asda to hit over 7,000 workers with a fire and rehire threat in November, GMB Union warns
  // Workers at 39 stores across the South of England will lose their 60p per hour ‘location supplement’ and be paid less for night shiftsAsda is set to hit more than 7,000 workers with a fire and rehire threat, GMB Union has warned.
  The supermarket reportedly plans to tell staff at 39 stores across southern England they will lose their 60p per hour ‘location supplement’ and have th
  
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• Asda is threatening to ‘fire and rehire’ over 7,000 workers, warns union

  19-05-2023 08:34 via retailgazette.co.uk
  
  // Asda to hit over 7,000 workers with a fire and rehire threat in November, GMB Union warns
  // Workers at 39 stores across the South will lose their 60p per hour ‘location supplement’ and have their night supplement reduced in their new contractsAsda is set to hit more than 7,000 workers with a fire and rehire threat, GMB Union has warned.
  The supermarket reportedly plans to tell staff at 39 stores across the South they will lose their 60p per hour ‘location supplement’
  
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• Veg box firm Riverford to be 100% staff-owned as founder sells stake for £10m

  19-05-2023 07:00
  
  Exclusive: Guy Singh-Watson says he will continue to be involved in the business and will pay full tax on dividendThe organic vegetable box company Riverford is to become 100% owned by its staff after its founder, Guy Singh-Watson, agreed to sell his remaining 23% stake for almost £10m.Singh-Watson, who sold nearly three-quarters of the company to employees in 2018, will take a £9.8m payment over five years and immediately hand full control to a trust on behalf of its 900 staff who e
  
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• Don’t make UK supermarkets the ‘greedflation’ bogeymen

  19-05-2023 05:00 via ft.com
  UK cannot decide whether food prices are egregiously high or problematically low
  
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• Unbound Group initiates sale process

  19-05-2023 02:00 via theretailbulletin.com
  
  Unbound Group, the owner of Hotter Shoes, has said it is embarking on a strategic review while putting itself up for sale. The company announced back... View Article
  
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• Topps Tiles appoints chair designate

  19-05-2023 02:00 via theretailbulletin.com
  
  Topps Tiles has appointed Paul Forman as an independent non-executive director and chair designate of the business. The new follows Topps’ commencement of a chair succession... View Article
  
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• Søstrene Grene launches first store in the capital

  19-05-2023 02:00 via theretailbulletin.com
  
  Danish homewares brand Søstrene Grene has officially opened its first store in London at Southside in Wandsworth. The shop’s grand opening was attended by the Mayor... View Article
  
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• People Matter: Wickes to boost mental health through supporting community garden projects

  19-05-2023 02:00 via theretailbulletin.com
  
  In recognition of Mental Health Awareness Week, Wickes reflects on the impact their Community Programme is having on wellbeing projects in schools and local community spaces.... View Article
  
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• Nike Unite joins line-up at Blanchardstown Centre

  19-05-2023 02:00 via theretailbulletin.com
  
  Nike Unite, the latest retail concept from sports brand Nike, has opened its first store in Ireland at Dublin’s Blanchardstown Centre. Spanning 10,000 square feet, the... View Article
  
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• ‘London Calling’ For Discounter chain Poundland

  19-05-2023 02:00 via theretailbulletin.com
  
  Poundland today (19 May 2023) confirmed it was continuing to seek out locations in the M25 for its new store format. The move follows successful openings... View Article
  
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• eBay to acquire authentication tech firm to enhance pre-loved fashion category

  19-05-2023 02:00 via theretailbulletin.com
  
  ebay has agreed to acquire Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication. The move marks a key investment in the... View Article
  
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• eBay appoints Amy Bannerman as in-house pre-loved style director

  19-05-2023 02:00 via theretailbulletin.com
  
  eBay has appointed fashion stylist and pre-loved fashion advocate Amy Bannerman as its in-house pre-loved style director. The newly created role will see Bannerman take on a... View Article
  
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• Comment: Greggs still on a roll…

  19-05-2023 02:00 via theretailbulletin.com
  
  Greggs is often voted one of the most popular dining brands in the UK, which is some achievement when you consider where the business comes from;... View Article
  
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