Retail news

• In pictures: Sainsbury’s launches ‘DINspiration’ pop-up to give commuters meal ideas

  26-06-2023 17:47 via retailgazette.co.uk
  
  // Sainsbury’s is launching a mealtime-inspired pop-up outside London Kings Cross station
  // The supermarket will be offering commuters grab-and-go meal kits for just 50p, inspired by its Inspired to Cook rangeSainsbury’s is launching a pop-up outside London Kings Cross Station today designed to give commuters inspiration on what to have for dinner
  The “DINspiration” pop-up will offer the public 50p grab-and-go meal kits from its Inspired to Cook range, with all proceeds
  
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• Whole Foods profits plummet as shoppers cut costs

  26-06-2023 17:42 via retailgazette.co.uk
  
  // Whole Foods profits nosedived last year while shoppers cut costs on their grocery shop
  // The organic supermarket saw a pre-tax loss of £26.3m from just seven of its stores across LondonAmazon-owned Whole Foods’ UK division plunged to a record loss last year, as shoppers cut costs amid sky-high inflation.
  The upmarket grocer reported a pre-tax loss of £26.3m from its seven supermarkets, which are all located in London, while its sales dropped 2.9% to £91.6m.
  Whole Food
  
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• ‘Shock to the system’: Asics halts supplies to UK independent sports shops

  26-06-2023 17:17
  
  Businesses are under threat after footwear brand saidit was ditching smaller retailers in favour of big chains and selling direct onlineWhen Dipu Patel, the owner of Euro Sports in north London, received an email from Asics telling him it would no longer supply him with trainers, in the latest hammer blow to hit the independent retailer.Sales of the Japanese footwear brand, which makes tennis star Novak Djokovic’s trainers, comprise 40% of Patel’s footwear sales at his sports shop in
  
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• Asos hires ex-Nike and VF sustainability supremo to its board

  26-06-2023 16:55 via retailgazette.co.uk
  
  // Asos has appointed Anna Maria Rugarli as its new non-executive director and chair of the ESG Committee
  // Rugarli currently serves as a board member at Prada Group and Japan Tobacco InternationalAsos has appointed ex-Nike and VF Corporation ESG specialist Anna Maria Rugarli to its board.
  Rugarli, who currently serves as a board member at Prada Group, will chair the fast fashion retailer’s of the ESG Committee.
  The sustainability and CSR expert brings more than twenty years of experience
  
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• Asos hires ex-Nike and VF Corporation ESG exec to its board

  26-06-2023 16:55 via retailgazette.co.uk
  
  // Asos has appointed Anna Maria Rugarli as its new non-executive director and chair of the ESG Committee
  // Rugarli currently serves as a board member at Prada Group and Japan Tobacco InternationalAsos has appointed ex-Nike and VF Corporation ESG specialist Anna Maria Rugarli to its board.
  Rugarli, who currently serves as a board member at Prada Group, will chair the fast fashion retailer’s of the ESG Committee.
  The sustainability and CSR expert brings more than twenty years of experience
  
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• Primark owner upgrades profit outlook as shoppers seek holiday outfits

  26-06-2023 16:17
  
  Associated British Foods says group sales rose by 16% with Primark saying rises supported by steeper pricesABF lifts profit forecast after price rises – business liveHunt to ask UK regulators to look at firms exploiting price risesThe owner of Primark and food brands including Twinings has upgraded its profit forecast for this year as revenues jumped thanks to inflation-fuelled price increases and as shoppers bought summer clothes.Associated British Foods (AFB), which also owns Ovaltine as
  
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• UK fixed mortgage rates rise to seven-month highs – as it happened

  26-06-2023 16:15
  
  Rolling coverage of the latest economic and financial newsYoung adults pay heaviest price for Britain’s exploding mortgage timebombShares in European defence companies are falling in early trading, as investors react to last weekend’s aborted armed mutiny.BAE Systems are the biggest faller on the FTSE 100 index in London, down 3%.The Wagner incident may have exposed Putin’s weakness, and was the most serious threat to his rule in two decades. It could be a turning point in the
  
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• ‘Hypoallergenic’ items sold at Superdrug and Boots fail allergy test

  26-06-2023 15:56
  
  One in three products including shampoos, deodorants and wet wipes found to contain skin allergensMore than a third of personal care products, such as shampoos and body washes, marketed as hypoallergenic at Boots and Superdrug have been found to contain common skin allergens, research shows.As a large proportion of the population have sensitive skin or allergies, products are increasingly using the term “hypoallergenic” to advertise goods. But the British Association of Dermatologist
  
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• Agnelli-backed fund increases Ocado stake

  26-06-2023 15:14
  Lingotto now owns more than 5% of the online supermarket and robotics company
  
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• Primark owner upgrades profit outlook as inflation fuels jump in revenues

  26-06-2023 13:35
  
  Associated British Foods says group sales rose by 16% with Primark sayingrises supported by steeper pricesABF lifts profit forecast after price rises – business liveHunt to ask UK regulators to look at firms exploiting price risesThe owner of Primark and food brands including Twinings has upgraded its profit forecast for this year as revenues jumped thanks to inflation-fuelled price increases and as shoppers bought summer clothes.Associated British Foods (AFB), which also ownsOvaltine as w
  
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• Primark owner raises profit outlook on strong demand and higher prices

  26-06-2023 11:32
  Associated British Foods upgrade follows that of rival Next as shoppers prove resilient despite cost of living crisis
  
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• UK fixed mortgage rates rise to seven-month highs – business live

  26-06-2023 10:12
  
  Rolling coverage of the latest economic and financial newsYoung adults pay heaviest price for Britain’s exploding mortgage timebombShares in European defence companies are falling in early trading, as investors react to last weekend’s aborted armed mutiny.BAE Systems are the biggest faller on the FTSE 100 index in London, down 3%.The Wagner incident may have exposed Putin’s weakness, and was the most serious threat to his rule in two decades. It could be a turning point in the
  
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• Primark owner upgrades profit outlook as inflation fuels jump in sales revenue

  26-06-2023 10:03
  
  Associated British Foods says group sales rose by 16% with Primark sayingrises supported by steeper pricesABF lifts profit forecast after price rises – business liveHunt to ask UK regulators to look at firms exploiting price risesThe owner of Primark and food brands including Twinings has upgraded its profit forecast for this year as sales revenue jumped thanks to inflation-fuelled price increases and as shoppers bought summer clothes.Associated British Foods, which also owns brands includ
  
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• Primark owner raises profit outlook on strong demand

  26-06-2023 09:39
  Higher prices and summer clothing sales lift discount chain, says ABF
  
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• Primark posts soaring sales as owner lifts profit guidance

  26-06-2023 09:36 via retailgazette.co.uk
  
  // Primark owner ABF upgrades profit forecast thanks to solid sales from the value fashion giant
  // Total group sales came in 16% higher year-on-year at £4.7bn in the third quarterPrimark owner Associated British Foods has upgraded its profit forecast for the full year after the fashion retailer posted surging sales.
  Primark total sales jumped 13% to £1.99bn as like-for-like sales grew 7%, which it credited to “higher average selling prices” and soaring inflation.
  Ac
  
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• Sainsbury’s invests £15m on household staple price cuts

  26-06-2023 09:16 via retailgazette.co.uk
  
  // Sainsbury’s unveils plans to invest £15m to cut the prices of household staples, including pasta and rice
  // The retailer confirmed that it will “continue to make price cuts on popular essential products throughout the summer.”Sainsbury’s is investing £15m to cut the price of cupboard staples such as rice and pasta to help customers manage their budgets.
  The grocer will also become the only supermarket to offer Freefrom pasta at the same price as
  
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• Gymshark CCO exits after 8 years

  26-06-2023 08:57 via retailgazette.co.uk
  
  // Gymshark chief commercial officer Niran Chana leaves the retailer
  // Chana joined the retailer over eight years ago as a customer service managerGymshark chief commercial officer Niran Chana has left the sportswear giant after eight years.
  Chana, who was responsible for global sales, management of merchandising, planning and marketing, started in 2015.
  He has held positions in the company’s management team, including overseeing customer experience, wholesale and digital marketing.
  In a
  
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• Primark-owner ABF lifts profit forecast after price rises – business live

  26-06-2023 08:53
  
  Rolling coverage of the latest economic and financial newsSupermarket chain J Sainsbury has announced £15m of price cuts this morning, a sign that the inflationary pressures hitting retailers and consumers is easing.The price cuts to staple goods include Basmati Rice (1kg cut from £2.10 to £1.75), Spaghetti (500g down from 95p to 75p), and Corn Flakes (500g reduced to 69p from 85p).“While recent falls in the cost of some building materials and energy costs should start fe
  
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• Debenhams to launch premium brands division

  26-06-2023 08:39 via retailgazette.co.uk
  
  // Debenhams to create new division for premium brands on its website
  // Discussions with potential brand partners are underway although the retailer declined to reveal price points for the premium brands it is targetingDebenhams is set to unveil a new division for premium brands on its website.
  The Boohoo Group-owned retailer has been repositioning itself as a digital department store since being snapped up in a £55m deal in January 2021.
  Its website currently houses over 1,500
  
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• Debenhams to launch new dedicated division for premium brands

  26-06-2023 08:39 via retailgazette.co.uk
  
  // Debenhams to create new division for premium brands on its website
  // Discussions with potential brand partners are underway although the retailer declined to reveal price points for the premium brands it is targetingDebenhams will be unveiling a new division for premium brands on its website, as it looks to become a “great British digital department store”, Drapers reports.
  The Boohoo Group-owned retailer has been repositioning itself as a digital department store since bein
  
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• SportsShoes.com grows first quarter turnover by 20%

  26-06-2023 02:00 via theretailbulletin.com
  
  SportsShoes.com has seen its first quarter turnover increase by 20% year-on-year following the acquisition of 140,000 new customers in the period. The online running shoes, clothing... View Article
  
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• Primark third quarter sales in line with expectations

  26-06-2023 02:00 via theretailbulletin.com
  
  Primark owner Associated British Food has said the fashion chain is trading in line with expectations due to its summer ranges performing well in all markets.... View Article
  
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• Poundland to widen in-store food ranges

  26-06-2023 02:00 via theretailbulletin.com
  
  Poundland is to widen its food ranges and accelerate the roll out of its grocery offering to more stores. Frozen and chilled food ranges will be... View Article
  
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• Lush celebrates cosmetics animal testing ban in Canada

  26-06-2023 02:00 via theretailbulletin.com
  
  Lush has been celebrating the passing of Canada’s Budget Implementation Act, including an amendment to the Food and Drugs Act, which prohibits testing cosmetics on animals... View Article
  
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• L’Occitane International announces FY2023 results

  26-06-2023 02:00 via theretailbulletin.com
  
  L’Occitane International has announced its annual results for the year ended 31 March 2023 (FY2023), with dynamic growth in travel retail. The group delivered strong double-digit growth... View Article
  
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• Debenhams to launch division for premium brands

  26-06-2023 02:00 via theretailbulletin.com
  
  Debenhams will be introducing a new division for premium brands on its website as part of plans to be a “great British digital department store”. According... View Article
  
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• Cineworld to file for administration

  26-06-2023 02:00 via theretailbulletin.com
  
  Embattled cinema chain operator Cineworld is set to file for administration and suspend trading on the London Stock Exchange next month as part of a major bankruptcy restructuring... View Article
  
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• Cake Box hails resilient business model as it grows full year revenue

  26-06-2023 02:00 via theretailbulletin.com
  
  Cake Box Holdings, the specialist retailer of fresh cream cakes, has reported a 5.6% uplift in full year group revenue to £34.8 million, which it attributed... View Article
  
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• Burberry expands support for young people around the world through Burberry Inspire

  26-06-2023 02:00 via theretailbulletin.com
  
  Burberry today announced that it is expanding The Burberry Foundation’s flagship community initiative, Burberry Inspire, into a global youth empowerment programme to support young people. Designed... View Article
  
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• Bershka and Pull & Bear to make West Midlands debut at Bullring

  26-06-2023 02:00 via theretailbulletin.com
  
  Hammerson has announced that Inditex owned brands Bershka and Pull & Bear are to join the line-up at Birmingham’s Bullring. The two fashion retailers will be... View Article
  
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