Retail news

• Profiteering? Not us, say Britain’s supermarkets, and the boss who earned £4.9m last year | Sharon Graham

  09-06-2023 15:30
  
  Far from helping customers by absorbing soaring food costs, supermarket chiefs and shareholders are enjoying a bonanzaSharon Graham is the general secretary of UniteIn recent weeks, supermarket spin doctors have been rolling out chief executives to counter Unite research that revealed how UK supermarkets are profiteering at the expense of their customers. The latest in this long line of protesting CEOs was Simon Roberts, chief executive of Sainsbury’s. He was asked on the BBC if the superm
  
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• Frasers inks joint venture deal for Sports Direct expansion to Indonesia

  09-06-2023 13:09 via retailgazette.co.uk
  
  // Frasers Group signs deal with Indonesian retail conglomerate PT Map Active to launch Sports Direct stores across the country
  // The stores will cover “all key categories, including football, running, training, outdoor, rackets, swim and leisure”.
  Frasers Group has signed a new joint venture agreement with with PT Map Active Indonesia to launch Sports Direct stores across the nation as part of its international expansion strategy.The deal will see “the introduction of Sports
  
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• M&Co owner to reopen stores this Autumn

  09-06-2023 12:25 via retailgazette.co.uk
  
  // AK Retail is to reopen a number of M&Co stores this autumn
  // The Yours Clothing owner is relaunching the brand’s website later this monthM&Co’s new owner AK Retail has revealed plans to re-open several stores across the UK after buying the retailer out of administration earlier this year.
  The group expects to open the first locations this autumn as it targets 50 shops over the next two years.
  The Yours Clothing owner snapped up the brand and intellectual property bac
  
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• Online shopping sales plummet to pre-pandemic levels

  09-06-2023 12:18 via retailgazette.co.uk
  
  // Online shopping sales have fallen to their lowest levels since before the COVID pandemic due to the cost of living crisis
  // High street retailers only saw their total in-store sales go up 1.0% this monthOnline shopping sales have dropped to their lowest levels since before the pandemic, as a result of the cost of living crisis.
  Ecommerce sales dipped 3.3% in May, as the amount of goods bought from digital retailers like Amazon dropped, the BDO revealed.
  Although there was a boom in online sh
  
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• Jacamo teams up with Ladbible for new marketing campaigns

  09-06-2023 11:59 via retailgazette.co.uk
  
  // Jacamo partners with Ladbible Group for new marketing campaign
  // The publishing group will create video content and TikTok campaigns for the fashion retailerJacamo has teamed up with Ladbible Group for a new content partnership as it looks to boost its marketing strategy.
  The collaboration, facilitated by its media agency the7stars, will see the publishing group create video content and wider campaigns for the menswear retailer.
  Ladbible will launch a TikTok shop for Jacamo, including c
  
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• EG Group extends $3.4bn loan deadline following Asda deal

  09-06-2023 10:52 via retailgazette.co.uk
  
  // EG Group launches three-year amend and extend of its $3.4bn of loans due in 2025 and 2026
  // The group said it expects to shave $4.43m off its net debt, which topped $9.8bnEG Group is in talks to secure a $3.4bn refinancing deal as it looks to reduce its net debt, which neared $10bn in March this year.
  The forecourt giant, owned by the billionaire Issa brothers and private equity firm TDR Capital, said on Thursday it launched a three-year amend and extend of its term loans due in 2025 an
  
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• Mothercare CEO steps down with immediate effect after 5 months

  09-06-2023 09:29 via retailgazette.co.uk
  
  // Mothercare boss Daniel Le Vesconte has stepped down, effective immediately.
  // Chairman Clive Whiley and finance boss Andrew Cook will lead the operating board until the process to find a CEO replacement is completedMothercare chief executive officer Daniel Le Vesconte has stepped down from the business, effective immediately after just five months at the helm.
  The departure comes a month after the London-listed company held talks with its lender to change, renegotiate, or refinance
  
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• Swizzels agrees to redesign rival Percy Pig sweets to end M&S dispute

  09-06-2023 09:13 via retailgazette.co.uk
  // M&S has reached a settlement with confectionery firm Swizzels, which it accused of imitating its popular Percy Pig sweets
  // Derbyshire-based Swizzels has agreed to change the design of its Pigs Mugs sweets as a resultM&S has reached a settlement with the confectionary company Swizzels after accusing it of copying its Percy Pig sweets.
  The high-street retailer said it had reached an “amicable resolution” with the business after it agreed to change the design of i
  
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• Tesco could be ‘breaking the law’ over ‘misleading’ pricing promotions, says Which?

  09-06-2023 08:54 via retailgazette.co.uk
  
  // Tesco’s lack of clear pricing on some food and drink promotions “could be breaking the law”, according to Which?
  // The supermarket giant said it is “disappointed” by the “ill-founded claims” by the consumer groupWhich? has reported Tesco to the UK’s competition watchdog over the supermarket’s failure to provide detailed pricing information on its loyalty card offers which it said “could be breaking the law.”
  The consumer group
  
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• Frasers ups Asos stake to almost 10% as takeover talk continues

  09-06-2023 08:41 via retailgazette.co.uk
  
  // Frasers Group has upped its stake in Asos to 9.9%, as the fashion retailer continues to struggle.
  // Ashley’s retail empire is known for snapping up businesses in troubleFrasers Group has raised its stake in Asos for the second time this week as speculation over a takeover of the embattled online fashion retailer mounts.
  The Mike Ashley owned group now holds 9.9% of shares, up from 7.4% at the start of the week.
  Ashley’s actions has raised fresh questions over Asos, which was
  
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• Wickes partners with solar panel and battery storage platform

  09-06-2023 02:00 via theretailbulletin.com
  
  Home improvement retailer, Wickes, is launching a partnership with solar panel and battery storage installation platform, ‘MakeMyHouseGreen.com’ and adds Electric Vehicle chargers to offering for the... View Article
  
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• Tesco could be breaking law on Clubcard pricing, says Which?

  09-06-2023 02:00 via theretailbulletin.com
  
  According to consumer group Which?, supermarket giant Tesco could be breaking the law over how it displays Clubcard prices. The group says Tesco does not explain... View Article
  
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• Sustainable Urban Farm pop-up launches on Fleet Street

  09-06-2023 02:00 via theretailbulletin.com
  
  London’s Fleet Street Quarter has added community-led pop-up Urban Farm to its line-up at 109 Fleet Street. In a partnership with Square Mile Farms, the first... View Article
  
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• Søstrene Grene to open first store in Yorkshire

  09-06-2023 02:00 via theretailbulletin.com
  
  Danish homewares brand Søstrene Grene will open its first Yorkshire store in Sheffield city centre this summer. Spanning 5,600 square feet, the shop at Grosvenor House... View Article
  
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• Mothercare chief executive steps down with immediate effect

  09-06-2023 02:00 via theretailbulletin.com
  
  Mothercare has announced that Daniel Le Vesconte has stepped down from his role of chief executive and as a director of its board with immediate effect.... View Article
  
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• Marks & Spencer launches beauty takeback scheme

  09-06-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has launched a beauty takeback scheme in over 40 stores across the UK. In a partnership with beauty recycling expert Handle, the initiative... View Article
  
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• M&S removes ‘Use By’ dates on fresh milk

  09-06-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has removed ‘Use By’ dates across its M&S Select Farms British and organic fresh milk as part of its commitment to halve food... View Article
  
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• Krisi Smith of Bird & Blend Tea Co. on Amazon Prime show Ready Set StartUP!

  09-06-2023 02:00 via theretailbulletin.com
  
  Krisi Smith, Co-Founder of Bird & Blend Tea Co. is on the newly released Amazon Prime ‘Apprentice’ style TV show Ready Set StartUP! Krisi Smith and... View Article
  
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• Interview: Octavia Benham, Head of Ecommerce at Dreams

  09-06-2023 02:00 via theretailbulletin.com
  
  You may have seen Octavia as one of our new and key speakers at the TRB Omnichannel Futures Conference. If you did, you’ll understand why we... View Article
  
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• Carhartt appoints vice president of global merchandising

  09-06-2023 02:00 via theretailbulletin.com
  
  US fashion brand Carhartt has appointed Tara Roemke as vice president of global merchandising. In her new position, she will serve as the general manager of... View Article
  
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• Which? reports Tesco to CMA over pricing of Clubcard offers

  09-06-2023 01:01
  
  Consumer group contends that supermarket’s failure to provide unit prices could amount to ‘misleading practice’The consumer group Which? has reported Tesco to the UK’s competition watchdog over the supermarket’s failure to provide detailed pricing information on its loyalty card offers.The group said the UK’s largest retailer had not clearly explained the unit price of deals for its Clubcard holders – such as the price per 100g or 100ml – so that s
  
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