Retail news

• John Lewis to source all sofa leather from Waitrose farms

  05-06-2023 22:30 via retailgazette.co.uk
  
  // John Lewis will source all leather for its sofas from Waitrose farms
  // All farms used for the material are BritishJohn Lewis has revealed that 100% of the leather used to make its own-range sofas and chairs will be taken from higher welfare farms that supply Waitrose beef.
  The move is one way the department store is lowering its environmental impact across supply chains.
  The news comes after the circular design launch of John Lewis mattresses in 2021, which used wool from Waitrose farms that
  
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• BA, Boots and BBC staff details targeted in Russia-linked cyber-attack

  05-06-2023 18:36
  
  Hack attributed to criminal gang hit MOVEit software used by third-party payroll provider ZellisBritish Airways, Boots and the BBC are investigating the potential theft of personal details of staff after the companies were hit by a cyber-attack attributed to a Russia-linked criminal gang.BA confirmed it was one of the companies affected by the hack, which targeted software called MOVEit used by Zellis, a payroll provider. Continue reading...
  
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• Homebase launches BNPL services for shoppers

  05-06-2023 18:02 via retailgazette.co.uk
  
  // Homebase has brought out flexible finance options for its customers, with help from Novuna Consumer Finance.
  // The retailer’s finance director Simon Luscombe said the change meant shoppers would be able to “easily spread the cost of their kitchen, bathroom and bedroom projects”.Homebase has partnered with financial services company Novuna to launch a range of flexible finance options for shoppers, including BNPL services.
  Under the partnership, shoppers buying a new bathroo
  
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• Sainsbury’s bolsters online fashion marketplace

  05-06-2023 12:33 via retailgazette.co.uk
  
  // Sainsbury’s adds more third-party brands to its Tu website
  // The supermarket chain has been targeting multiple fashion brands for a new online fashion marketplaceFashion label Finery London is one of several brands that has joined Sainsbury’s growing online fashion marketplace.
  The supermarket chain has added almost twenty fashion brands to its Tu website as it looks to boost its third-party offering.
  The initiative, first reported by The Times, is being led by former John L
  
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• The moves that matter: Retail’s biggest hires in May

  05-06-2023 10:09 via retailgazette.co.uk
  
  Retail Gazette and executive search firm Oresa round up the biggest people moves of the month in May.Tesco chair John Allan has stood down as allegations over inappropriate behaviour “risk becoming a distraction” to the supermarket.
  Poundstretcher chief executive Derek Lawlor departs after less than a year at the helm. Lawlor was previously chief merchandising officer at Asda. Oresa CEO Orlando Martins says: “A lack of strategic alignment between owner and CEO is not uncommon.
  
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• Asda owners reuse proceeds from previous deal to finance EG takeover

  05-06-2023 09:31 via retailgazette.co.uk
  
  // Asda owners the Issa brothers and TDR Capital recycled proceeds from an earlier deal to fund its recent EG takeover
  // The pledged additional equity of £450mn originates from a warehouse sale and leaseback arrangement that formed part of the initial buyoutAsda’s owners are using funds from a previous asset sale to finance their contribution to the supermarket’s acquisition of parts of EG Group, another business they own.
  The move is the latest example of its financial e
  
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• THG prepares for shareholder revolt over finance chief’s ‘unjustified’ salary

  05-06-2023 08:57 via retailgazette.co.uk
  
  // THG faces shareholder revolt as Glass Lewis recommends investors reject two proposals
  // Investors are being urged to reject THG’s pay report because of an increase in chief financial officer Damian Sanders’ salaryTHG is facing with a shareholder revolt at its investor meeting, which could further intensify chief Matthew Moulding’s aversion to life on the stock market.
  The embattled online business, which owns brands including Lookfantastic and Glossybox, faces potential tro
  
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• Aldi dims lights across all stores in a bid to slash soaring energy costs

  05-06-2023 08:32 via retailgazette.co.uk
  
  // Aldi is dimming its lights across all its stores to reduce power usage
  // The reduction is not expected to affect shoppers’ experiencesAldi is turning off lights in all its supermarkets in a bid to save cash, as retailers continue to look for ways to compete with rivals and deliver lower prices for shoppers.
  According to the Telegraph, Aldi is understood to be cutting the number of lights it has switched on across all its supermarkets from this month, as part of measures desig
  
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• ‘They have to pay’: Coles and Woolworths in court accused of underpaying workers

  05-06-2023 06:14
  
  Federal court hears some staff averaged shifts of 11 hours – above the award limit of nine-hour daysFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastColes and Woolworths short-changed workers on overtime by setting up a payment structure “entirely foreign” to Australia’s industrial awards system, a court has been told.A joint trial, brought by the Fair Work Ombudsman and two class action cla
  
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• Superdrug’s Shona Bear becomes president of Society of Cosmetic Scientists

  05-06-2023 02:00 via theretailbulletin.com
  
  Shona Bear, Superdrug’s quality and technical manager, has been appointed as president of the Society of Cosmetic Scientists. In her new position, she will work closely... View Article
  
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• Pandora upsizes at Braehead

  05-06-2023 02:00 via theretailbulletin.com
  
  Jewellery retailer Pandora has opened a new, larger store at Glasgow’s Braehead shopping centre. Featuring a modern look and feel that has been designed to be... View Article
  
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• NeoVos launch into Revital in a move to empower consumer wellbeing

  05-06-2023 02:00 via theretailbulletin.com
  
  NeoVos have created affordable health and wellbeing tests that are now available in store and online at Revital. Health and wellbeing self-testing kits enable consumers to... View Article
  
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• Marks & Spencer expands footwear offering with three new brands

  05-06-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has expanded its third party brands offering with the addition of global footwear brands Skechers, Crocs and TOMS. The move means the ‘Brands... View Article
  
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• L’Oreal makes minority investment in biotech company Debut

  05-06-2023 02:00 via theretailbulletin.com
  
  L’Oreal has made a minority investment in US biotech company Debut as part of plans to scale its manufacturing platform and meet growing demand for breakthrough... View Article
  
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• Lidl to introduce recyclable vacuum-packed packaging across its beef mince

  05-06-2023 02:00 via theretailbulletin.com
  
  Lidl GB is to introduce new vacuum-packed, recyclable packaging across its beef mince range. The supermarket said the move will result in a plastic reduction of... View Article
  
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• Frasers Group could cut up to 200 jobs

  05-06-2023 02:00 via theretailbulletin.com
  
  Frasers Group, the owner of Sports Direct and House of Fraser, is set to cut up to 200 jobs at its London and Shirebrook offices as... View Article
  
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• Asos share price jumps after reports of £1bn takeover bid

  05-06-2023 02:00 via theretailbulletin.com
  
  Asos‘s share price jumped 11.8 per cent today after a report emerged that the retailer received a £1bn takeover bid from a Turkish retailer backed by... View Article
  
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• Rise in UK breweries going bust amid thirst for cheaper craft beers

  05-06-2023 01:01
  
  45 breweries, mostly smaller makers, enter insolvency in last 12 months, up from 15 the previous yearThe number of UK breweries going out of business has tripled in the past year, with smaller craft beer manufacturers most at risk as consumers opt for cheaper options during the cost of living crisis, according to research.In total, 45 breweries entered insolvency in the 12 months ending 31 March, compared with 15 in the previous year, according to the most recent official Insolvency Service stat
  
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• No point in food price measures without targeting small stores, Which? warns

  05-06-2023 01:01
  
  Consumer group tells chancellor ‘blanket approach’ will not address poor households’ access to affordable foodUK ministers’ efforts to reduce soaring food shopping bills “won’t touch the sides” without measures to make small grocery stores more affordable for low-income households, the chancellor has been warned.Which?, the consumer group, has written to Jeremy Hunt over concerns that a blanket approach to lowering supermarket bills will not address the
  
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