Retail news

• Mike Ashley stretches the edges of Frasers’ ‘ecosystem’ with AO World move | Nils Pratley

  12-06-2023 19:23
  
  Strategically questionable 18.9% stake in the white goods seller suggests the Sports Direct founder still can’t resist a puntThe elevation last summer of Michael Murray to be chief executive of Frasers Group – Sports Direct, as was – was supposed to signal a less freewheeling approach to buying other companies (and stakes in other companies), or so we thought.Whereas his father-in-law, Mike Ashley, seemed simply to like a punt on companies he judged to be undervalued, Murray sp
  
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• Dreams bolsters leadership team with CFO and CIO hires

  12-06-2023 17:37 via retailgazette.co.uk
  
  // Dreams has hired Petra Kasperova as its new CFO and Dan West as its CIO
  // Kasperova said: “I look forward to this new chapter leading the business’ finance team as we continue to drive sustainable profitable growth and deliver our long-term strategy”Dreams has hired a new CFO and CIO as it boosts its senior leadership team.
  Dan West, who  was previously IT director at both Asos and New Look, becomes the retailer’s first CIO and will be responsible for running the
  
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• Melbourne bookstore accuses employee of breaking ‘confidentiality’ by discussing pay rise

  12-06-2023 17:00
  
  Worker launches court action over termination from Hill of Content, after also being accused of upsetting colleague and reducing her shiftsGet our morning and afternoon news emails, free app or daily news podcastNatasha Seymour had always dreamed of working in publishing. But when her bookshop employer terminated her employment after she discussed her pay with colleagues, Seymour says she feared for her future in the industry.“It felt like not just a rejection from the bookshop but from th
  
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• First look: Skims opens in Selfridges as it eyes standalone UK stores

  12-06-2023 13:54 via retailgazette.co.uk
  
  // Skims opens its first-ever UK pop up in Selfridges’ Corner Shop
  // The brand also revealed “plans to expand into free standing stores across the UK and EU territories within the next three years”.Skims has opened the doors to its first-ever UK pop-up store at the Corner Shop at Selfridges London to celebrate its swimwear line, set to run from 12 June – 8 July.
  Throughout the month-long pop-up, customers will be able to shop new products every week from limited-edition
  
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• UK sportswear group Frasers buys stake in AO World

  12-06-2023 13:00 via ft.com
  Investment aims to drive growth following 2 years of talks
  
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• Lush launches Asteroid City themed pop-up in London

  12-06-2023 11:53 via retailgazette.co.uk
  
  // Lush has launched a new pop-up in Soho, London, themed around the film Asteroid City
  // The gift shop will feature a four-piece Lush collection, as well as free slushies for its visitorsLush has opened a new pop-up at its Lush Studio in Soho, London, in celebration of Wes Anderson’s latest movie Asteroid City.
  The retailer launched the Lush X Asteroid City gift shop in collaboration with film production company, Focus Features, on 8 June for five weeks.
  Visitors will be able to get free
  
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• In pictures: Lush launches Asteroid City themed pop-up in London

  12-06-2023 11:53 via retailgazette.co.uk
  
  // Lush has launched a new pop-up in Soho, London, themed around the film Asteroid City
  // The gift shop will feature a four-piece Lush collection, as well as free slushies for its visitorsLush has opened a new pop-up at its Lush Studio in Soho, London, in celebration of Wes Anderson’s latest movie Asteroid City.
  The retailer launched the Lush X Asteroid City gift shop in collaboration with film production company, Focus Features, on 8 June for five weeks.
   
  Visitors will be able to g
  
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• Jollyes hails ‘record-breaking year’ as sales top £100m

  12-06-2023 09:52 via retailgazette.co.uk
  
  // Jollyes reports strongest-ever full year performance as sales soar to £115.3m
  // Like-for-like sales also grew by 17% over the full yearJollyes has hailed record revenues last year with sales topping £100m for the first time.
  The petcare specialists‘ sales soared from £87m to £115.3m as the business looks to hit more than 100 stores across the UK as it looks to maintain momentum post-pandemic.
  For the year to May 29, 2023, like-for-like growth reached 1
  
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• Mike Ashley’s Frasers Group takes 19% stake in AO World

  12-06-2023 09:11
  
  Move to buy £75m of shares in UK’s biggest seller of large domestic appliancesMike Ashley’s Frasers Group has taken an 18.9% stake in the online electricals retailer AO World in a £75m deal involving buying out shares held by crisis-hit Odey Asset Management.Frasers Group, the parent of brands from Sports Direct to Evans Cycles, said the deal was part of a strategic partnership that the two companies have been in talks about forming for two years. Continue reading...
  
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• Greggs gears up to rival pasty makers with Cornwall expansion plans

  12-06-2023 09:04 via retailgazette.co.uk
  
  // Greggs is preparing to open news stores in Cornwall as part of their rapid expansion across the UK
  //  Boss Roisin curry said “the natural growth of the business from there means there are some parts of the country, such as in Cornwall and the South West, where we see more scope to open sites.”Greggs has confirmed plans to expand its stores in Cornwall in a move which could face backlash from local pasty makers.
  According to Sky News, chief executive Roisin Currie says t
  
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• Mike Ashley’s Frasers snaps up £75m stake in AO World

  12-06-2023 07:21 via retailgazette.co.uk
  
  // Frasers Group acquires 19% stake in electricals retailer AO World
  // The Mike Ashley-owned retail empire purchased shares from London-based hedge fund Odey Asset ManagementFrasers Group has taken a 19% stake in Bolton-based online electrical retailer AO World, worth £75 million.
  It is understood that Mike Ashley’s retail empire purchased shares from London-based hedge fund Odey Asset Management which is currently the center of misconduct allegations surrounding its found
  
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• Waitrose slashes prices on over 200 products as inflation bites

  12-06-2023 07:09 via retailgazette.co.uk
  
  // Waitrose cuts the price of 200 products as food inflation continues to soar
  // This is the second time the supermarket has cut its prices this yearWaitrose has cut the prices of more than 200 everyday products as part of a £100m investment to lower customers’ bills as inflation continues to surge.
  The premium grocer‘s new lower prices include cupboard staples from British butter and tomato ketchup to Fairtrade golden caster sugar, as well as British cocktail sausages, salads
  
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• Wilko hires property agents ahead of rent cut talks

  12-06-2023 02:00 via theretailbulletin.com
  
  Wilko has appointed property agent CBRE in a move which could see the retailer ask landlords for a reduction in store rents. According to Sky News,... View Article
  
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• The cyber risks hidden in plain sight in your organisation

  12-06-2023 02:00 via theretailbulletin.com
  
  By Phil Bailey, Head of Managed Services at PMC. Cyber Security attacks are making headline news on a regular basis. You don’t have to look far... View Article
  
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• Primark to launch Barbie The Movie range

  12-06-2023 02:00 via theretailbulletin.com
  
  Primark will be launching a new Barbie The Movie range early next month in a first collaboration with Mattel. With pink the running theme throughout, the... View Article
  
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• No tent left behind with Decathlon new Festival Tent Pledge

  12-06-2023 02:00 via theretailbulletin.com
  
  Decathlon has launched the ‘Festival Tent Pledge’ ahead of festival season to reward customers for not leaving their tent behind – which is one of the... View Article
  
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• Lush brings Londoners an Asteroid City pop-up

  12-06-2023 02:00 via theretailbulletin.com
  
  Lush has collaborated with Focus Features on the opening of a new London pop-up that celebrates filmmaker Wes Anderson’s latest film, Asteroid City. Open for five... View Article
  
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• Jollyes posts strongest-ever full year performance

  12-06-2023 02:00 via theretailbulletin.com
  
  The Jollyes pet superstore chain has reported a record-breaking year with sales smashing through the £100 million barrier. In the 12 months to 29 May 2023,... View Article
  
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• Frasers Group acquires 18.9% stake in AO World

  12-06-2023 02:00 via theretailbulletin.com
  
  Frasers Group has invested £75 million in acquiring an 18.9% stake in online appliance and electricals retailer AO World.  The owner of Sports Direct, House of... View Article
  
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• Dune London returns to Newcastle

  12-06-2023 02:00 via theretailbulletin.com
  
  Dune London has made a return to Newcastle with the opening of a new flagship store on the city’s Grainger Street. Spanning 1,400 square feet, the... View Article
  
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• Dreams appoint new CFO and CIO

  12-06-2023 02:00 via theretailbulletin.com
  
  Bed retailer Dreams has today announced the appointment of Petra Kasperova as Chief Financial Officer (CFO) and Dan West as Chief Information Officer (CIO). Petra has... View Article
  
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• [ EVENT ] Digital Transformation: This Wednesday – Register NOW

  12-06-2023 02:00 via theretailbulletin.com
  
  Join us next week for our Digital Transformation Strategy online event. Log-in this Wednesday as retail experts from brands such as MattressOnline, FatFace and Three discuss the benefits... View Article
  
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