Retail news

• Sainsbury’s CEO welcomes fuel price transparency and denies profiteering claims

  04-07-2023 17:28 via retailgazette.co.uk
  
  Sainsbury’s CEO Simon Roberts has welcomed the CMA’s move to make retailers publish live data on fuel charges as he denied the supermarket sector was benefitting from the cost-of-living crisis.
  The chief executive said the grocer didn’t have a margin target for fuel, despite accusations from ministers yesterday that supermarkets were overcharging customers at the pump.
  “We’ve been really consistent that we’re the cheapest or the second cheapest in every locati
  
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• Nectar: cost crisis helps J Sainsbury hive off more data

  04-07-2023 16:53 via ft.com
  Tailored loyalty card discounts make a sector-wide food fight less likely
  
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• Morrisons to close Bradford packing plant putting 450 jobs at risk

  04-07-2023 14:56
  
  Cost-cutting measure in home city comes as supermarket grapples with rising cost of servicing its £7.5bn debtBusiness live – latest updatesMorrisons is closing a fruit-packing plant in Bradford, putting 450 jobs at risk in the supermarket’s home city where it traces its roots back to 1899.The debt-laden supermarket chain, which is battling to save costs after a takeover in October 2021 by the American private equity group Clayton Dubilier & Rice, said it was moving operatio
  
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• Selfridges launches ‘Swap Shop’ in Oxford Street flagship

  04-07-2023 14:22 via retailgazette.co.uk
  
  Selfridges is teaming up with fashion rental firm Loanhood to launch a “Swap Shop” selling secondhand clothes.
  Customers will be able to exchange their unwanted clothing for stamps, which they can then use to “shop” for new pre-loved clothes.
  The Swap Shop will open at The Selfridges Lounge in Oxford Street, London, and will run from 10 to 30 July.Subscribe to Retail Gazette for free
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• Naked Wines founder returns as chair as it delays full-year results

  04-07-2023 14:16 via retailgazette.co.uk
  
  Naked Wines brought back founder Rowan Gormley as its chairman with immediate effect, after it revealed a delay in the publication of its full-year results.
  Shares in the online wine retailer dropped a near 15% on Tuesday morning following the news that its auditors required additional time to complete their procedures.
  Naked Wines, due to update on 6 July, reassured investors that it expected to deliver an adjusted EBIT towards the upper end of its £15-18m guidance, although sales were do
  
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• Billionaires Kretinsky and Niel compete for control of Casino

  04-07-2023 11:53 via ft.com
  Two competing groups offer cash injections as French supermarket races to restructure debts
  
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• Billionaires Kretinsky and Niel compete for Casino

  04-07-2023 11:53 via ft.com
  Two competing groups offer cash injections as French supermarket races to restructure debts
  
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• Billionaires Křetínský and Niel compete for Casino

  04-07-2023 11:53 via ft.com
  Two competing groups offer cash injections as French supermarket races to restructure debts
  
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• ScS taps End Clothing’s finance boss for new CFO

  04-07-2023 11:33 via retailgazette.co.uk
  
  ScS has named Mark Fleetwood as its new chief financial officer, effective 4 September.
  Fleetwood joins the furniture giant from End Clothing, where he spent five years as its finance boss, supporting the fashion retailer’s high-growth ambitions.
  Prior to that, he was the corporate finance director at property landlord Grainger plc and held several roles at N+1 Singer and Brewin Dolphin.
  Fleetwood will replace Chris Muir, who gave his 12-month notice last year. He is stepping down from the
  
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• ScS names End Clothing exec as new CFO

  04-07-2023 11:33 via retailgazette.co.uk
  
  ScS has named Mark Fleetwood as its new chief financial officer, effective 4 September.
  Fleetwood joins the furniture giant from End Clothing, where he spent five years as its finance boss, supporting the fashion retailer’s high-growth ambitions.
  Prior to that, he was the corporate finance director at property landlord Grainger plc and held several roles at N+1 Singer and Brewin Dolphin.
  Fleetwood will replace Chris Muir, who gave his 12-month notice last year. He is stepping down from the
  
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• Sainsbury’s says food inflation ‘starting to fall’ as sales rise

  04-07-2023 11:14 via ft.com
  Supermarket group chief pledges to pass on savings to customers
  
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• New research reveals the changing nature of online shopping habits across Europe

  04-07-2023 11:10 via retailgazette.co.uk
  
  Consumers are realigning their shopping habits and adopting cost-saving behaviour: price, coupons and discounts are key decision factors
  Global leader in payments services, Worldline, has published a survey highlighting changing online shopping behaviour. The findings show that while consumers are generally cutting back their online spendings and adopting cost-saving measures, they are still shopping online and are keen to embrace new technologies that enhance their shopping experience.
  The find
  
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• Bensons for Beds sales boosted by Eve Sleep acquisition

  04-07-2023 11:02 via retailgazette.co.uk
  
  Bensons for Beds has posted an 8% increase in third quarter like-for-like sales, hailing significant sales growth of Eve Sleep, nine months after its acquisition.
  The bed and mattress retailer maintained its upward growth momentum in the three months to the end of June, despite dipping slightly from the 9% rise in the previous quarter.
  Bensons for Beds said it “continued to see strength” in its digital offer, with revenue rocketing 21% over the three-month period thanks to its invest
  
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• Russell & Bromley eyes suburbs for new store locations

  04-07-2023 09:46 via retailgazette.co.uk
  
  A shift in shopping habits towards more local shops has forced Russell & Bromley to rethink its retail strategy, as it begins targeting affluent suburbs across London and elsewhere.
  Chief executive Andrew Bromley told The Times that the retailer would open future stores in “neighbourhood” locations.
  He said shopping on main city streets and in shopping centres had “fallen off” in recent years as a result of the pandemic.Subscribe to Retail Gazette for free
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• Morrisons to close Bradford warehouse, 450 jobs at risk

  04-07-2023 09:19 via retailgazette.co.uk
  
  Morrisons is to close its manufacturing centre in Bradford, placing over 450 jobs at risk.
  It is the latest move by the supermarket to cut costs as part of its £700m three-year savings programme.
  The supermarket said it plans to transfer the work to its newly expanded fruit packing plant in Thrapston, Northamptonshire and its distribution centre in Wakefield, where it will create 400 new jobs at the sites.Subscribe to Retail Gazette for free
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• Food inflation starting to fall, says Sainsbury’s as sales rise

  04-07-2023 09:18
  
  Like-for-like sales up 9.8% in quarter and supermarket says it has put more than £60m into cutting prices of basicsFood inflation is starting to fall, according to the boss of Sainsbury’s, who said shoppers were putting more items in their baskets as it began to cut prices on some basics.Simon Roberts, the chief executive, said the supermarket was “putting all our energy and focus into battling inflation” as household budgets were “under more pressure than ever&rdqu
  
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• UK food price inflation begins to ease, says Sainsbury’s

  04-07-2023 08:57 via ft.com
  Supermarket group chief pledges savings will be passed on to customers
  
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• Sainsbury’s sales up as food inflation ‘starts to fall’

  04-07-2023 08:50 via retailgazette.co.uk
  
  Sainsbury’s has posted a jump in quarterly sales as it ups investment into customer value.
  Chief executive Simon Roberts said the supermarket was committed to offering shoppers “the very best prices” especially as food inflation is starting to ease.
  Total revenue for the grocer surged 9.2% in the 16 weeks to 24 June, with like-for-like sales excluding fuel up 9.8%.
  Grocery sales for the period surged 11%, boosted by a return to volume growth and £60m investment into lower
  
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• Top News: TRB joins forces with the Retail Trust for a memorable partnership

  04-07-2023 02:00 via theretailbulletin.com
  
  The Retail Bulletin is thrilled to announce an exciting partnership with retail industry charity the Retail Trust for the highly anticipated People in Retail Awards (PIRA)... View Article
  
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• The Perfume Shop gets ready to open new experiential store in Dublin

  04-07-2023 02:00 via theretailbulletin.com
  
  The Perfume Shop is to open a new and improved experiential store in Dublin later this week at the Swords Pavilions Shopping Centre. The new shop... View Article
  
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• Tesco launches £5m grant scheme to support schools with funding for food and healthy activities

  04-07-2023 02:00 via theretailbulletin.com
  
  Tesco is introducing a £5 million grant programme to give children across the UK a stronger start in life. The scheme was launched last week by... View Article
  
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• ScS appoint Chief Financial Officer

  04-07-2023 02:00 via theretailbulletin.com
  
  Interiors retailer ScS has announced the appointment of Mark Fleetwood as Chief Financial Officer (CFO). He will join the Board of the Group and take up... View Article
  
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• Sainsbury’s boosted by strong grocery performance

  04-07-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s has posted a 9.8% increase in first quarter like-for-like sales after it benefited from offering lower prices on its most popular products In the 16... View Article
  
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• Paloma Faith joins forces with ScS for maximalist furniture collection launch

  04-07-2023 02:00 via theretailbulletin.com
  
  Interiors retailer ScS has partnered with singing sensation and actor turned creative director of her own interiors brand, Paloma Faith, to bring Paloma Home online and... View Article
  
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• One Stop launch Care Bear range to raise money for Young Lives vs Cancer

  04-07-2023 02:00 via theretailbulletin.com
  
  For the second year running One Stop are partnering with Young Lives vs Cancer and selling special edition Care Bear badges and keyrings in their stores... View Article
  
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• JD Sports expands into Middle East with new franchise deal

  04-07-2023 02:00 via theretailbulletin.com
  
  JD Sports is to enter the Middle East through the signing of its first franchise agreement. The deal with Dubai based GMG will enable the sports... View Article
  
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• Burberry opens refurbished flagship store on New Bond Street

  04-07-2023 02:00 via theretailbulletin.com
  
  Burberry has reopened its flagship store on London’s New Bond Street following a major refurbishment. Marking an evolution of the luxury brand’s store concept, the shop... View Article
  
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• Breaking news: TRB joins forces with the Retail Trust for a memorable partnership

  04-07-2023 02:00 via theretailbulletin.com
  
  The Retail Bulletin is thrilled to announce an exciting partnership with retail industry charity the Retail Trust for the highly anticipated People in Retail Awards (PIRA)... View Article
  
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• Bensons for Beds posts third successive quarter of like-for-like growth

  04-07-2023 02:00 via theretailbulletin.com
  
  Nationwide bed and mattress retailer Bensons for Beds today confirmed that it had continued its FY23 sales momentum in the third quarter, posting an eight per... View Article
  
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• As shoplifting soars, will self-checkout barriers become the norm?

  04-07-2023 00:20 via retailgazette.co.uk
  
  Shoppers who prefer to use self-service checkouts may have noticed some changes of late.
  Retailers including Morrisons and Sainsbury’s have introduced barriers in self-scan areas in some stores, where proof of purchase is required before they can exit.
  The gates have different means of being opened depending on the retailer, with Sainsbury’s requiring shoppers to scan the receipt, whilst Morrisons’s electronic gates open automatically when the system registers a transaction.
  Th
  
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