Retail news

• Supermarket bosses set to be grilled by over profiteering concerns

  25-06-2023 13:14 via retailgazette.co.uk
  
  Supermarket bosses, including Morrisons CEO David Potts, will be questioned by MPs on Tuesday over profiteering concerns amid rising food and prices.
  The business committee is set to scrutinise the gross profits of the big supermarket chains, including Tesco, Sainsbury’s, Asda and Morrisons, and delve into how they break out UK business performance from their groups, and how they separate fuel margins compared to that in groceries, according to The Sunday Times.
  Grocery bosses have spoken
  
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• Supermarket bosses set to be grilled by MPs over profiteering claims

  25-06-2023 13:14 via retailgazette.co.uk
  
  Supermarket bosses, including Morrisons CEO David Potts, will be questioned by MPs on Tuesday over profiteering concerns amid rising food and prices.
  The business committee is set to scrutinise the gross profits of the big supermarket chains, including Tesco, Sainsbury’s, Asda and Morrisons, and delve into how they break out UK business performance from their groups, and how they separate fuel margins compared to that in groceries, according to The Sunday Times.
  Grocery bosses have spoken
  
  Read more

• Frasers hires Mike Ashley as consultant as acquisition spree continues

  25-06-2023 12:45 via retailgazette.co.uk
  
  Frasers Group has formally appointed founder Mike Ashley as a consultant, as the retail empire goes on an acquisition spree.
  Ashley, who stepped down as a director of the Sports Direct-owner last year when he promoted son-in-law Michael Murray as chief executive, will advise the company on supply chain and operations, according to The Sunday Times.
  Although Ashley, who did not receive a salary when he was at the helm of the business, will not be paid for his consultancy services, the unconventio
  
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• Morrisons makes self-checkout shoppers scan receipts to exit stores

  25-06-2023 12:10 via retailgazette.co.uk
  
  Morrisons has followed Sainsbury’s by introducing barriers to exit its self-checkout area.
  The feature, which makes customers scan their receipts before they can leave the store, has been brought into several supermarkets as an additional security measure, amid rising levels of shoplifting across the retail sector.
  A Morrisons spokesperson told The Sun: “Any customers who haven’t made a purchase simply need to ask the Morrisons customer assistant manning the self-service tills
  
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• TikTok turns to south-east Asia to drive new growth

  25-06-2023 06:00
  Viral app’s parent ByteDance targets large Indonesian market but faces growing regulatory scrutiny around the world
  
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• TikTok turns to south-east Asia to drive growth

  25-06-2023 06:00
  Viral app’s parent ByteDance targets large Indonesian market but faces growing regulatory scrutiny around the world
  
  Read more

• Wagamama finance chief to step down amidst shake up

  25-06-2023 02:00 via theretailbulletin.com
  
  Wagamama’s owner The Restaurant Group (TRG) is waving goodbye to its chief financial officer, Kirk Davis, as part of a shake up of its top team.... View Article
  
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• True and BRC Parnership to drive ‘innovation and technology adoption’ in retail

  25-06-2023 02:00 via theretailbulletin.com
  
  True, the retail and consumer specialist investment and innovation firm, has announced a partnership with the British Retail Consortium (BRC), the lead trade association for UK retailers. This... View Article
  
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• [Lightspeed] Meet the only retail ePOS system you’ll ever need

  25-06-2023 02:00 via theretailbulletin.com
  
  Delight shoppers at the checkout counter and beyond. Whether you’re using a laptop, PC or tablet, Lightspeed Retail lets you stay on top of your sales... View Article
  
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• Hotter Shoes owner Unbound Group issues statement over emergency restructuring plans

  25-06-2023 02:00 via theretailbulletin.com
  
  The owner of Hotter Shoes has issued a statement over reports it is considering an emergency restructuring. Skelmersdale-headquartered Unbound Group is working with Interpath on the... View Article
  
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• Hotel Chocolat shares fall as confectionery chain registers profit warning

  25-06-2023 02:00 via theretailbulletin.com
  
  Hotel Chocolat shares slumped on Friday after the group said it anticipates swinging to a loss in 2023 and posting below-expected profits the following year. Having warned... View Article
  
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• Gymshark’s CCO to leave the company

  25-06-2023 02:00 via theretailbulletin.com
  
  Gymshark chief commercial officer Niran Chana has left after eight years at the the sportswear retailer. Chana, who was responsible for global sales, management of merchandising,... View Article
  
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• Greggs and Primark open fifth ‘Tasty by Greggs’ café in Primark’s Liverpool store

  25-06-2023 02:00 via theretailbulletin.com
  
  On-the-go food retailer Greggs and fashion house Primark have opened their fifth ‘Tasty by Greggs’ café, located in Primark’s new extension on the second floor of... View Article
  
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• Amazon to fund 350 apprenticeships and traineeships

  25-06-2023 02:00 via theretailbulletin.com
  
  In a significant boost to the creative industry, Amazon has unveiled its plans to fund 350 apprenticeships and traineeships, with a specific emphasis on the fields... View Article
  
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