Retail news

• Australia’s supermarket prices up 10% over year, report says

  22-05-2023 17:00
  
  UBS finding ‘a surprise’, says analyst but Coles dismisses report as ‘not an accurate reflection’Get our morning and afternoon news emails, free app or daily news podcastSupermarket prices have lifted off again, according to new data, placing pressure on households and feeding inflation while also denting hopes that shoppers were set to soon receive a respite from surging food costs.Investment bank UBS has found that food and grocery prices at Australia’s dominant s
  
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• Amazon gives Evri accredited seller status to deliver its Prime parcels

  22-05-2023 16:36 via retailgazette.co.uk
  
  // Evri has become an accredited Seller Fulfilled Prime carrier for Amazon supporting merchants across the UK
  // During the trial period with Amazon Prime, Evri had a delivery success rate of over 97%Amazon has given Evri (formerly Hermes) an accredited Seller Fulfilled Prime carrier for its Prime service to deliver parcels on behalf of merchants on the online giant‘s website.
  Evri received accreditation after completing a six-week trial, during which the firm says it “consistently m
  
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• Brompton Bicycle launches in John Lewis for first retail partnership

  22-05-2023 16:24 via retailgazette.co.uk
  
  // Brompton Bicycle makes John Lewis its first retail partnership as it expands beyond DTC
  // Customers can shop the brand’s foldable bikes, luggage and accessories on the retailer’s websiteBicycle manufacturer Brompton has launched online at John Lewis as it looks to expand beyond its direct-to-consumer business model.
  From today, customers will be able to shop the brand’s foldable bikes, luggage and accessories on the retailer’s website.
  The first retail partnershi
  
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• THG boss Matt Moulding takes aim at FT journalist in online rant

  22-05-2023 16:22 via retailgazette.co.uk
  
  // THG boss Matthew Moulding calls out the Financial Times and journalist Dan McCrum on its article surrounding audit concerns flagged in the company’s report
  // “We were given 2 hours to respond before the FT would print. Sounds sensational right?,” he wrote on LinkedInTHG chief executive Matthew Moulding has taken aim at the Financial Times and its investigations journalist Dan McCrum in a LinkedIn rant.
  The online retailer boss, who last month published a lengthy video
  
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• Debt-laden French supermarket Casino faces fraught new chapter

  22-05-2023 16:01 via ft.com
  Group built by Jean-Charles Naouri set to begin official talks with creditors as wealthy investors circle
  
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• Morrisons brings back More Card loyalty scheme nationwide

  22-05-2023 14:59 via retailgazette.co.uk
  
  // Morrisons unveils new More Card nationwide loyalty programme
  // The new scheme can be used as a physical card or app, and allows customers to earn points from selected products and counters in store and online as well as at petrol stationsMorrisons has brought back its More Card loyalty scheme to replace its My Morrisons app following a successful trial.
  The Morrisons More scheme, which replaces the My Morrisons scheme, can be used as a physical card or app and allows customers to earn points
  
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• M&S launches ‘industry-leading’ 12 week paid neonatal leave for all staff

  22-05-2023 12:43 via retailgazette.co.uk
  
  // M&S is one of the first retailers to introduce a Neonatal Leave policy
  // Up to 12 weeks’ paid leave will be available to any colleague whose baby requires specialist neonatal careMarks & Spencer has introduced a Neonatal Leave Policy, with up to 12 weeks paid leave available to any colleague whose baby requires specialist neonatal care, effective immediately.
  The department store retailer unveiled the new offer this week and said “it will give families of premature babies
  
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• LK Bennett profits hit £30m thanks to post-pandemic boom in partywear

  22-05-2023 11:20 via retailgazette.co.uk
  
  // LK hails “strongest year in over a decade” as profits rise 40%
  // Growth was attributed to rising sales of partywear, especially dresses post-pandemicLK Bennett has reported a 40% rise in gross profit in the year to January 2023 to over £30m, driven by a post-pandemic boom in occasion wear.
  The fashion retailer‘s turnover reached £49m across the 12-month period, rising 30% on the previous year.
  Calling it “the strongest year in over a decade”, EBITDA
  
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• Wilko explores CVA to slash rent costs

  22-05-2023 10:03 via retailgazette.co.uk
  
  // Wilko considers launching a CVA to cut rent costs and potentially close stores
  // The struggling discount chain has been working with advisors at PwC on restructuring optionsStruggling discount chain Wilko is considering entering into a company voluntary arrangement to renegotiate rents and potentially close some stores as it looks to cut costs across the business.
  The chain is understood to have approached advisors at PwC to explore various restructuring options, including a CVA th
  
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• Nobody’s Child opens trio of summer pop-ups amid sales boom

  22-05-2023 09:41 via retailgazette.co.uk
  
  // Nobody’s Child cashes in on sales momentum with trio of summer pop-ups
  // The month long temporary spaces mark a “huge step” in its long-term expansion strategyNobody’s Child is to open a trio of pop-up stores across London this summer as it looks to capitalise on its growth momentum.
  The pop-up series will be located in Covent Garden, Kings Road and Spitalfields, marking a “huge step” in its long-term expansion strategy.
  The Covent Garden temporary store,
  
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• Co-op members and board clash over chicken welfare AGM vote

  22-05-2023 09:38 via retailgazette.co.uk
  
  // Thousands of Co-op members vote to adopt the Better Chicken Commitment (BCC) to improve the welfare of chickens reared for meat
  // However, over fears of rising prices, the retailer will continue to sell ‘Frankenchickens’Thousands of Co-op members have voted to improve the welfare of chickens reared for meat at the retailer’s annual general meeting on Saturday.
  However, the motion was partially overruled by the directors wanting to keep prices down.
  Around 96% of member
  
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• Boohoo asks Turkish suppliers to match Pakistan prices

  22-05-2023 09:12 via retailgazette.co.uk
  
  // Boohoo requests more than 30% discount from Turkish suppliers to match Pakistan prices
  // It is understood that some suppliers risk having orders cancelled if they don’t comply with new pricingBoohoo has asked for discounts of more than 30% on outstanding orders from Turkish suppliers as it looks to lower costs across its supply chain.
  The group has written to some of its Turkey-based suppliers and said it needs to revise some of the prices it has agreed with them after recent pric
  
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• Sainsbury’s targets fashion brands for new online marketplace

  22-05-2023 08:36 via retailgazette.co.uk
  
  // Sainsbury’s is looking to build a new online fashion marketplace in a bid to rival department stores
  // The grocery giant has pitched to brands, including Jigsaw, White Stuff and Yours Clothing, on selling online and in-storeSainsbury’s is plotting a new online marketplace for high street fashion brands in a move that would increase competitive pressure on department stores.
  The grocery giant is pitching to brands on selling through its website and in 60 of its stores as it l
  
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• Wilko considers CVA among turnaround options

  22-05-2023 02:00 via theretailbulletin.com
  
  Wilko has confirmed that no decisions have yet been taken on the future of the business amid reports that the Nottinghamshire-based retailer is considering closures. The... View Article
  
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• Trafford Centre announces sustainability and social impact programme

  22-05-2023 02:00 via theretailbulletin.com
  
  Shopping and leisure destination, Trafford Centre, has announced ‘For Our Future’ – its commitment to people and the environment. The centre’s sustainability and social impact strategy... View Article
  
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• The Ashley Centre kicks off summer with Deichmann signing

  22-05-2023 02:00 via theretailbulletin.com
  
  Footwear retailer Deichmann is to join the line-up at the Ashley Centre in Epsom. Set over two floors in a former Sports Direct unit, the 7,100... View Article
  
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• Tesco chair steps down following misconduct allegations

  22-05-2023 02:00 via theretailbulletin.com
  
  Tesco has announced that John Allan will be stepping as chair and as a director of Tesco at the supermarket’s AGM on 19 June. The news... View Article
  
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• Sandersons appoints head of buying

  22-05-2023 02:00 via theretailbulletin.com
  
  Independent department store Sandersons has appointed Louise Fearnehough as head of buying. During her seven years with the business, she has worked in the beauty department,... View Article
  
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• Sainsbury’s plans to launch new online marketplace for fashion

  22-05-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s is reportedly planning to build a new online marketplace for fashion brands as it looks to diversify its product offering. According to The Times, the... View Article
  
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• Pacsun announces leadership changes

  22-05-2023 02:00 via theretailbulletin.com
  
  Pacsun has announced that its co-chief executive Mike Relich will be retiring, which means that Brie Olson will become the company’s sole chief executive. With the... View Article
  
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• Morrisons More Card launches nationwide with the return of Morrisons Fivers

  22-05-2023 02:00 via theretailbulletin.com
  
  Morrisons is giving customers “More Reasons To Shop At Morrisons” with the nationwide rollout of its new Morrisons More Card loyalty programme, which includes the return... View Article
  
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• Marks & Spencer introduces neonatal leave policy

  22-05-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has become one of the first retailers to introduce a neonatal leave policy. The move will see the retailer provide up to 12... View Article
  
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• Marks & Spencer introduces neo-natal leave policy

  22-05-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has become one of the first retailers to introduce a neonatal leave policy. The move will see the retailer provide up to 12... View Article
  
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• LK Bennett profits hit £30m amid spike in eventwear sales

  22-05-2023 02:00 via theretailbulletin.com
  
  Premium fashion brand LK Bennett has announced its results for the year to January with both sales and profits leaping. The company said it was its strongest year... View Article
  
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• Inside Retail Technology Show 2023: Worldline Wraps Up!

  22-05-2023 02:00 via theretailbulletin.com
  
  This year’s Retail Technology Show (RTS) demonstrated a triumphant return to “normal”. On 26 and 27 April at Kensington’s Olympia, Worldline exhibited alongside 300+ innovators, tech... View Article
  
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• Great expectations: How UK retailers can beat the analysts and maintain momentum

  22-05-2023 02:00 via theretailbulletin.com
  
  By Emily Benson, Global Director, Performance and Enablement at Lightspeed Commerce That Napoleon once disparaged the UK as a ‘nation of shopkeepers’ is one of history’s... View Article
  
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• E-bike brand Cowboy launches retail partnership network

  22-05-2023 02:00 via theretailbulletin.com
  
  E-bike brand Cowboy has launched a retail partner network as it looks to expand its retail and service presence across Europe. The move is designed to... View Article
  
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• Brompton Bicycle Launches at John Lewis

  22-05-2023 02:00 via theretailbulletin.com
  
  Brompton  is launching online at John Lewis – marking an expansion into the retail sector for the iconic British brand. The company says it is on... View Article
  
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