Retail news

• PrettyLittleThing promotes execs to share CEO responsibilities

  10-07-2023 17:17 via retailgazette.co.uk
  
  PrettyLittleThing has promoted two of its executives who will now both share the responsibilities of CEO following Umar Kamani’s departure in April.
  The former chief executive and founder is stepping down from his post after 12 years to pursue new challenges and “build new brands”.
  The shakeup to the leadership team sees commercial director Tom Binns promoted to chief operating officer.Subscribe to Retail Gazette for free
  Sign up here to get the latest news strai
  
  Read more

• Søstrene Grene eyes 100 new stores by 2030 as it ramps up UK expansion drive

  10-07-2023 16:32 via retailgazette.co.uk
  
  Danish retail chain Søstrene Grene is set to open 100 new stores across the UK before 2030.
  The family-owned homeware brand is looking to add a further five to ten locations to its existing retail estate this year as part of an ambitious expansion drive.
  Søstrene Grene, which was set up in 1973 by sisters Anna and Clara Grene, offers responsibly-sourced Scandinavian inspired home accessories.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight
  
  Read more

• Temu UK growth slows as monthly downloads drop

  10-07-2023 15:37 via retailgazette.co.uk
  
  Temu app downloads in the UK have dropped for the first time this year, research from Morgan Stanley has revealed.
  The investment banking company found that downloads were down month-over-month in June by approximately 1.3m.
  Monthly visits to Temu now sit at around 23m, around the same level as Asos.
  The American-based shopping app looked at approximately 24m website visits during May this year.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your
  
  Read more

• Morrisons adds entry level Savers range to its convenience stores

  10-07-2023 11:07 via retailgazette.co.uk
  
  Morrisons has become the first UK supermarket to introduce a range of entry level products to its convenience stores.
  Items from its Savers line will be available in over 500 Morrisons Daily branches, priced the same as in the supermarket stores.
  The roll out starts with 10 products, including milk, toilet rolls and orange juice, which will be followed by a further 30 items added in the coming weeks.
  As part of its investment into value, Morrisons is also cutting the price of 18 high volume item
  
  Read more

• Advertisement

• Warehouse demand hits lowest point in a decade as online boom fades

  10-07-2023 09:08 via retailgazette.co.uk
  
  Demand for warehouse space has hit a decade low as the online shopping boom fades post-pandemic.
  According to CoStar Group, the number of companies vacating warehouses has surpassed those acquiring them for the first time in 11 years.
  Online giants such as Amazon, Boohoo, and Asos have downsized their warehouse occupancy in response to the declining demand for online purchases.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning
  
  Read more

• M&S chair ‘unhappy’ with Ocado Retail as reset underway

  10-07-2023 08:50 via retailgazette.co.uk
  
  M&S chairman Archie Norman told shareholders that he was “not happy” with Ocado Retail performance last week and said there was “work to do” with the joint venture it runs with the online grocer.
  Ocado Retail posted a £501 million loss earlier this year, up from £177 million the year before.
  According to The Times, the online grocer is set to receive 40% less than it had hoped in performance payments from M&S because of the decline.
  The high-street sta
  
  Read more

• M&S bosses unhappy with Ocado Retail as it looks to ‘reset’ tie-up

  10-07-2023 08:50 via retailgazette.co.uk
  
  Despite losses at Ocado Retail, M&S has decided to lean further into the venture and has said it “strongly believes in the future of Ocado”.
  Post-pandemic Ocado Retail’s dominance has slipped, with the tie up between Marks & Spencer and the online grocer posting a £4bn loss with sales dropping to £2.2bn at the start of the year.
  According to The Times, Ocado is set to receive 40% less than it had hoped in performance payments from M&S because of the decl
  
  Read more

• Boohoo brings Revolution Beauty battle to stock market regulator

  10-07-2023 08:22 via retailgazette.co.uk
  
  Boohoo is preparing to send a letter to AIM regulatory authorities regarding Revolution Beauty’s claims that the online clothing retailer is obstructing it completing its accounts on time.
  The fashion giant also plans to seek assurances that voting decisions at a forthcoming Revolution Beauty EGM are upheld and not subsequently overturned, according to Sky News.
  Insiders said the fashion group was considering requisitioning a second extraordinary general meeting in the coming days to
  
  Read more

• Advertisement

• Boohoo brings Revolution Beauty battle to junior market regulator

  10-07-2023 08:22 via retailgazette.co.uk
  
  Boohoo is preparing to send a letter to AIM regulatory authorities, urging Revolution Beauty to provide clarification regarding a previous stock exchange announcement alleging obstruction by the online clothing retailer in the completion of its accounts, Sky News reports.
  Boohoo also plans to seek assurances that voting decisions at a forthcoming Revolution Beauty EGM are upheld and not subsequently overturned,
  According to people close to the situation, Boohoo is also intends to seek assurances
  
  Read more

• YouTube’s Sorted Food star in new Asda campaign

  10-07-2023 02:00 via theretailbulletin.com
  
  Sorted Food the social media movement dedicated to cooking and inspiring millions of people to get joy from food, has partnered with Asda, to host the... View Article
  
  Read more

• The Perfume Shop opens a new store in Dublin

  10-07-2023 02:00 via theretailbulletin.com
  
  The Perfume Shop has opened a new and improved experiential store at the Swords Pavilions Shopping Centre, Dublin. The iconic retailer revealed a new and improved... View Article
  
  Read more

• Mappin & Webb launches new look showroom

  10-07-2023 02:00 via theretailbulletin.com
  
  Luxury jeweller Mappin & Webb has unveiled a new look showroom in York’s Davy Gate. The new larger space replaces the brand’s previous boutique on the... View Article
  
  Read more

• JYSK unveils plans for Irish distribution centre

  10-07-2023 02:00 via theretailbulletin.com
  
  Danish furniture and homewares brand JYSK is seeking space for a 50,000 square metre distribution centre in Ireland. The company is calling on commercial property owners... View Article
  
  Read more

• JD Sports takes full control of Iberian Sports Retail Group

  10-07-2023 02:00 via theretailbulletin.com
  
  JD Sports is to pay €500 million to acquire the remaining 49.98% shares in Iberian Sports Retail Group as part of its expansion plans. The purchase... View Article
  
  Read more

• [Breaking News] The People in Retail Awards 2023 Unveils the Shining Shortlist for Retail’s Finest

  10-07-2023 02:00 via theretailbulletin.com
  
  The Retail Bulletin is thrilled to announce the highly anticipated shortlist for the prestigious People in Retail Awards (PIRA) 2023. Like radiant diamonds in the retail... View Article
  
  Read more

• Boosting UK Retail: Attracting franchise models for economic growth and entrepreneurship

  10-07-2023 02:00 via theretailbulletin.com
  
  A leading consumer sector legal expert has said more should be done to encourage franchise businesses into the UK, highlighting their importance in fostering a thriving... View Article
  
  Read more

• Bensons for Beds appoints Lindsay Haselhurst as non-executive director

  10-07-2023 02:00 via theretailbulletin.com
  
  Bensons for Beds has appointed Currys chief operating officer Lindsay Haselhurst as a non-executive director. Haselhurst joined the electricals retailer in 2020 as chief supply chain... View Article
  
  Read more

• Asda rolls out café food delivery service with Just Eat

  10-07-2023 02:00 via theretailbulletin.com
  
  Supermarket Asda has extended its partnership with Just Eat to include dishes from its cafés. Meals that can be delivered straight to customers’ doors range from... View Article
  
  Read more

• Ann Summers reshuffles leadership team

  10-07-2023 02:00 via theretailbulletin.com
  
  Ann Summers has reorganised its leadership team with the promotion of Maria Hollins to the position of chief executive. Meanwhile Vanessa Gold has moved from her... View Article
  
  Read more

Follow @retailuknws on Twitter!