Retail news

• Amazon ‘tricked and trapped’ customers with Prime service, FTC claims

  21-06-2023 20:28
  US regulator goes after ecommerce giant in its latest lawsuit against Big Tech
  
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• UK fashion brand Christopher Kane on brink of collapse

  21-06-2023 19:36
  Retailer’s woes follow the administration of upmarket Hunter Boots
  
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• Amazon ‘tricked and trapped’ customers with Prime subscriptions, FTC claims

  21-06-2023 19:30
  US regulator goes after ecommerce giant in its latest lawsuit against Big Tech
  
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• Sainsbury’s extends Nectar Prices to fresh fruit and vegetables

  21-06-2023 18:09 via retailgazette.co.uk
  
  // Sainsbury’s nectar prices are now available on fresh fruit and vegetables, with selected products at half price
  // The loyalty prices are also rolling out into food-to-go products and ready meals including branded and own brand rangesSainsbury’s has expanded its Nectar prices loyalty initiative to include fresh produce and ready meals for the first time.
  The grocer‘s scheme, which was launched in April this year, offers lower prices to its 18 million users that are sign
  
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• Warehouse ad banned by ASA for featuring ‘unhealthily thin’ model

  21-06-2023 15:12 via retailgazette.co.uk
  
  // An online advert for Warehouse has been pulled by the Advertising Standards Authority (ASA)
  // The ad featured a model which the regulator deemed to be “unhealthily thin”An online advert for fashion retailer Warehouse has been pulled by the Advertising Standards Authority (ASA) for featuring a model which it deemed appeared “unhealthily thin”.
  The complainant, who believed the featured model appeared to be “unhealthily thin”, said the ad was “irrespon
  
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• In pictures: Harrods’ new lingerie and lounge space

  21-06-2023 15:04 via retailgazette.co.uk
  
  // Harrods unveils its new loungewear and lingerie concept – the first phase in its womenswear redevelopment project
  //  The space offers bra fittings, bespoke alterations and features VIP fitting roomsHarrods has unveiled the first phase in its womenswear redevelopment project, with the launch of its new loungewear and lingerie concept.
  The luxury department store‘s almost 16,000sq. ft. space houses 47 brands, including Olivia Von Halle, Sleeper, Desmond & Dempsey and Aubad
  
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• Mike Ashley bought a £60mn stake in Next and no one noticed

  21-06-2023 14:28
  Registry data reveals that Frasers, the Sports Direct owner, has taken a punt on Britain’s biggest frock shop
  
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• Halfords profits plunge as inflation takes its toll

  21-06-2023 13:38 via retailgazette.co.uk
  
  // Halfords profits plummeted £38.3m against last year
  // Sales grew 15% over the year but rising costs hit its bottom lineHalfords full-year profits dropped 43% despite sales rising as soaring costs hit the business.
  Underlying pre-tax profit fell £38.3m to £51.5m in its year to 31 March, as its costs soared, largely due to inflation. The motoring and cycling business was hit by an additional £95m of costs over the year.
  Despite the profits drop, Halfords expects a small
  
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• Revolution Beauty lambasts Boohoo’s call for new management

  21-06-2023 13:23
  Cosmetics group says move by retailer ‘opportunistic and self-serving’
  
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• Halfords profits fall sharply as weaker economy hits consumer confidence

  21-06-2023 11:27
  UK retailer says cycling division suffered ‘significant’ declines after end of pandemic sales boom
  
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• Asda introduces electric delivery fleets to three stores

  21-06-2023 11:04 via retailgazette.co.uk
  
  // Asda has turned its delivery fleet at three of its store fully electric
  // The move will save 400,000kg of CO2 emissions per year.Asda has rolled out electric delivery fleets at three of its stores as it looks to reduce its greenhouse gas emissions.
  Customers at its stores in Gilliangham Pier, Old Kent Road and Sheffield Chaucer will have their online orders fulfilled by the new vehicles.
  The switch, which will supply more than 345,000 households combined, will save over 400,000kg of CO2
  
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• THG’s Matt Moulding gives up power to veto hostile takeover approaches

  21-06-2023 10:17 via retailgazette.co.uk
  
  // THG CEO Matt Moulding has lost the power to veto hostile takeovers
  // The move is part of THG’s plans to join the ranks of the FTSE 250THG founder and chief executive Matt Moulding has given up his ‘golden share’ rights which granted him the power to veto hostile takeover approaches.
  The move means the business should now be able join the FTSE 250 premium segment of the London Stock Exchange.
  THG said the timing of the move would be subject to the final outcome of the F
  
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• Debenhams’ unsecured creditors left £1.3bn out of pocket

  21-06-2023 09:54 via retailgazette.co.uk
  
  // Debenhams’ unsecured creditors will not receive the £1.3bn owed to them.
  // The chain went into liquidation in 2020 before it’s brand and IP were snapped up by Boohoo GroupThe unsecured creditors of Debenhams will not recover the £1.3bn owed to them before the retailer’s collapse in 2020.
  The department store went into liquidation during the pandemic, with the country-wide lockdowns pushing the troubled retailer over the brink.
  New filings from liquidator Al
  
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• Revolution Beauty: Boohoo’s attempted coup is ‘opportunistic and self-serving’

  21-06-2023 09:31 via retailgazette.co.uk
  
  // Revolution Beauty brands Boohoo’s attempt of a coup as “value-destructive, opportunistic and self-serving”
  // The beauty business has postponed its AGM until late July or AugustRevolution Beauty has branded Boohoo’s attempt to take control of the group as “nothing short of value-destructive, opportunistic and self-serving”.
  The online retailer revealed it would vote against the reappointment of chief executive Bob Holt, chair Derek Zissman and CFO Eliz
  
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• WHSmith, M&S and Argos ordered to pay short-changed staff

  21-06-2023 08:58 via retailgazette.co.uk
  
  // WHSmith ordered to pay £1.02m to thousands of its employees after new uniform policy pushes salaries below the national minimum wage
  // The retailer joins M&S, Argos and 200 other companies is being named and shamed for short-changing staffWHSmith has been forced to pay £1m to thousands of its employees after a new policy to provide their own uniforms caused their salaries to fall below the national minimum wage.
  The stationery retailer joins M&S, Argos and 200 other
  
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• Iceland’s Irish franchise appoints examiner

  21-06-2023 08:38 via retailgazette.co.uk
  
  // The owner of Ireland Ireland franchise has been appointed an examiner by the high court
  // An examinership, similar to administration in the UK, is a process allowing a financially troubled company time to seek new investmentThe owner behind the Irish franchise of Iceland has been appointed an interim examiner by the Irish High Court as it nears the brink of collapse.
  The court heard that Metron Stores Limited (“Iceland Ireland”) is insolvent and unable to pay debts estimated
  
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• Iceland’s Irish franchise appointed examiner

  21-06-2023 08:38 via retailgazette.co.uk
  
  // The owner of Ireland Ireland franchise has been appointed an examiner by the high court
  // An examinership, similar to administration in the UK, is a process allowing a financially troubled company time to seek new investmentThe owner behind the Irish franchise of Iceland has been appointed an interim examiner by the Irish High Court as it nears the brink of collapse.
  The court heard that Metron Stores Limited (“Iceland Ireland”) is insolvent and unable to pay debts estimated
  
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• TikTok prepares ‘Project S’ plan to break into online shopping

  21-06-2023 06:00
  ByteDance experiments with selling its own products through viral app as it prepares to challenge Shein and Amazon
  
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• The designers modernising men’s jewellery

  21-06-2023 06:00
  Meet the emerging designers challenging tradition
  
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• Toolstation launches ‘ask the expert’ events across the UK

  21-06-2023 02:00 via theretailbulletin.com
  
  Toolstation, Britain’s fastest growing supplier of tools, accessories and building supplies, is hosting a series of supplier days across the UK this summer. It means that... View Article
  
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• THG expects significant increase in first half profitability

  21-06-2023 02:00 via theretailbulletin.com
  
  THG has said it expects to announce a significant increase in first half profitability following a strong second quarter. In an update ahead of its AGM... View Article
  
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• Superdrug launches new The Edit magazine

  21-06-2023 02:00 via theretailbulletin.com
  
  Superdrug has launched a new quarterly in-store magazine called The Edit. Available in shops now, the first issue focuses on skincare, fragrances and cosmetics and also... View Article
  
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• Sportswear brand ’47 celebrates MLB’s return to UK with London pop-up

  21-06-2023 02:00 via theretailbulletin.com
  
  Premium sportswear brand ’47 is to open a new pop-up store in Soho on 23 June. With the launch coinciding with the opening of the Major... View Article
  
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• Sainsbury’s to hand out out grab-and-go meal kits to commuters for Comic Relief

  21-06-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s is to launch a two-day pop-up in London’s Kings Cross where it will offer busy commuters a healthy grab-and-go meal kit for two for just... View Article
  
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• Retailers must ensure compliance with national minimum wage regulations

  21-06-2023 02:00 via theretailbulletin.com
  
  Charlotte Rees John, Head of Irwin Mitchell’s Consumer Sector, is urging companies in the retail sector to be proactive in ensuring they adhere to National Minimum... View Article
  
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• New Monsoon travel boutique to open in Waterloo Station, London

  21-06-2023 02:00 via theretailbulletin.com
  
  Fashion retailer Monsoon has announced the opening of a new travel boutique concept in London’s Waterloo Station this month. The store is the latest addition to... View Article
  
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• Lush launches ‘Refugees Welcome’ high street campaign

  21-06-2023 02:00 via theretailbulletin.com
  
  Lush has teamed up with Refugee Action on a new campaign where the windows of its 103 UK stores feature a lightbox message that reads, “Wherever... View Article
  
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• Isle of Skye Candle Co: The Eco-Conscious Candle Company Streamlined through Seamless Payments

  21-06-2023 02:00 via theretailbulletin.com
  
  The Isle of Skye Candle Co. is a family run business specialising in natural, home fragrance products. Founded by James Robertson in the township of Gead... View Article
  
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• Halfords posts decline in profit

  21-06-2023 02:00 via theretailbulletin.com
  
  Halfords has posted a 38.3% drop in full year profit after it invested in competitive pricing and its continued transformation. In the 52 weeks to 31... View Article
  
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• Big UK retailers named and shamed for failing to pay minimum wage

  21-06-2023 01:02
  More than 200 companies fined total of £7mn for breaching rules that hit 63,000 workers
  
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