Retail news

• Iceland takes on Prime Day with ‘Discount Dash’

  11-07-2023 16:45 via retailgazette.co.uk
  
  Iceland is taking on Amazon’s Prime Day sales event with the launch of its latest value campaign Discount Dash.
  The supermarket is offering its shoppers exclusive discounts on 42 products – ranging from household staples to TGI Friday fakeaways – on Tuesday and Wednesday.
  Customers can save an average of 33% on items that “families need the most”.
  The chain is also offering up to 50% off selected household products including a family pool, Bluetooth karaoke machine
  
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• Frasers ups stake in Currys

  11-07-2023 14:26 via retailgazette.co.uk
  
  Frasers has upped its stake in Currys from 10.4% to 11.1% as the pair start discussions about a possible tie-up.
  The Mike Ashley-owned group increased its shares on Monday as part of its “strategic investment” into the electricals retailer.
  Currys chief executive Alex Baldock revealed last week that begun talks with the retail group.
  He said: “This is a potentially interesting partnership. There are a number of avenues that we’re exploring.”Subscribe to Retail Gazet
  
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• Revolution Beauty CEO would resign under Boohoo peace deal

  11-07-2023 13:08 via retailgazette.co.uk
  
  Revolution Beauty CEO Bob Holt would resign if a settlement is reached with Boohoo over board changes in the coming days.
  Holt, who was fired and rehired at Revolution’s AGM last month, would leave his position as part of a compromise deal with its disgruntled shareholder, according to Sky News.
  However, it has not been confirmed if the chief executive would leave immediately or when a successor took over.
  The removal of Holt would form a key part of any peace deal between Boohoo and Revol
  
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• Amazon becomes first US company to challenge EU digital rules

  11-07-2023 12:31
  Seattle-based group files legal action against proposed legislation designed to rein in Big Tech
  
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• Amazon users plunge ahead of Prime Day

  11-07-2023 11:49 via retailgazette.co.uk
  
  Amazon UK has lost more than a million daily mobile app users since the start of the year, according to mobile analytics firm GWS.
  The business intelligence firm revealed the number of Amazon’s daily shoppers has declined from 9.3 million in January to 8.3 million, ahead of the retail giant’s highly anticipated Prime Day.
  The decline comes as the rapid emergence of ecommerce rivals has led to a significant fall in Amazon app users during the past seven months.
  Online marketplace Temu
  
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• Sosandar reports first full year of profitability

  11-07-2023 09:46 via retailgazette.co.uk
  
  Sosandar has recorded its first full year of profitability for the year ending March, 2023 ”despite the challenging macroeconomic conditions.”
  The British fashion retailer posted a profit before tax of £1.6m, a £2.2m increase from the £0.6m loss the business reported last year as revenues hit rose 44% to £42.5m.
  It had net cash of £10.6m at the year end, up from £7m the previous year, following strong trading and an oversubscribed fund raise in Feb
  
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• Revolution Beauty says compromise with Boohoo could be days away

  11-07-2023 09:33 via retailgazette.co.uk
  
  Revolution Beauty believes a compromise with major shareholder Boohoo is close and could be reached in the coming days, after the online cosmetics retailer said it will hold a general meeting on August 7.
  In the past few weeks the two firms have been at war with the online fast fashion firm, which holds just under a 27% stake in Revolution, attempting to replace the company’s board.
  Boohoo Group voted against the reappointment of Bob Holt, Derek Zissman, and Elizabeth Lake at Revolution&rs
  
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• Retail sales rise in June as shoppers purchase hot weather essentials

  11-07-2023 08:59 via retailgazette.co.uk
  
  In June, UK retail sales saw a year-on-year increase, accompanied by a boost in consumer confidence, despite ongoing concerns on inflation and rising interest rates that continue to impact the economy.
  According to the British Retail Consortium‘s monthly monitor, total sales rose by 4.9% – above the three-month average growth of 4.6% and the 12-month average growth of 4% as heatwaves boosted purchases of swimwear and beach towels, sunscreen, outdoor games, garden furniture and barbec
  
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• Waitrose partners with Uber Eats offer 20-minute grocery delivery

  11-07-2023 08:47 via retailgazette.co.uk
  
  Uber Eats has partnered with premium supermarket Waitrose, aiming to deliver groceries in as little as 20 minutes.
  The offer will be rolled out to more than 200 stores around the UK by the end of August.
  It comes as Waitrose said younger customers helped grow its on-demand grocery orders by 40% compared to 2022.
  Executive director James Bailey said: “We want more and more people to enjoy the quality and taste of Waitrose products as and when they want it.
  “On-demand grocery
  
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• Lush CEO: Brexit is to blame for falling European sales

  11-07-2023 08:36 via retailgazette.co.uk
  
  The boss of Lush has blamed Brexit for the drop in its European sales, the Telegraph reports.
  According to its most recent available accounts, the ethical cosmetics retailer reported a 28% decrease in sales in the year leading up to June 2022, in comparison to the previous year. This decline was higher than the 10% decrease observed specifically within the UK market.
  Co-founder and chief executive Mark Constantine told the title: “Is Brexit to blame? Our popularity in Europe has certainly
  
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• HSBC set off a scam alert over my John Lewis Partnership credit card

  11-07-2023 08:00
  
  It claimed it been transferred, and asked me to set up a direct debitAre other people contacting you about their John Lewis Partnership credit card?The reason I ask is that I have just received a letter from HSBC claiming I’ve been transferred to it, but nothing from John Lewis. HSBC used to offer the John Lewis card but last year customers were all switched over to another firm, NewDay. Continue reading...
  
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• Waitrose partners with Uber Eats

  11-07-2023 02:00 via theretailbulletin.com
  
  Waitrose has announced a new multi-year partnership with Uber Eats as part of plans to grow its position in on-demand grocery shopping and the convenience sector.... View Article
  
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• Travis Perkins names next CFO

  11-07-2023 02:00 via theretailbulletin.com
  
  The chief financial officer of building materials giant Travis Perkins has revealed plans to retire, with a successor having been confirmed. Alan Williams has advised the... View Article
  
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• Sosandar posts first full year of profitability

  11-07-2023 02:00 via theretailbulletin.com
  
  Fashion brand Sosandar delivered its first full year of profitability in the 12 months to 31 March as sales climbed by 44% to £42.5 million. The... View Article
  
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• Retailers join drive to fill vacancies with prison leavers

  11-07-2023 02:00 via theretailbulletin.com
  
  Iceland, Co-op and B&Q have joined a two week-long employment push to encourage hundreds of prisoners to take jobs in the retail and logistics sector when... View Article
  
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• Oh Polly to provide carbon-free fashion deliveries

  11-07-2023 02:00 via theretailbulletin.com
  
  Global fashion retailer Oh Polly has joined forces with all-electric courier Packfleet to provide London-based shoppers with carbon-free fashion deliveries. The collaboration will see clothes delivered... View Article
  
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• Nisa reports retailer growth with Scan & Save

  11-07-2023 02:00 via theretailbulletin.com
  
  Jisp’s Scan & Save partnership with Nisa retailers has been reported as a success with nearly one million redemptions made. Since the app was made available... View Article
  
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• New research reveals 59% of consumers plan to change shopping behaviour

  11-07-2023 02:00 via theretailbulletin.com
  
  Consumer research commissioned earlier this year by Blackhawk Network (BHN), the leader in global branded payment technology, has revealed that 59% of consumers plan to change... View Article
  
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• Lush’s latest collaboration makes big splash in first week of sales

  11-07-2023 02:00 via theretailbulletin.com
  
  Lush is currently measuring whether SpongeBob Squarepants will become its most successful collaboration after it hit £1,3 million in sales in its first week since launching... View Article
  
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• Holland Barrett has been accredited as a Menopause Friendly Employer

  11-07-2023 02:00 via theretailbulletin.com
  
  Holland & Barrett have been accredited as a Menopause Friendly Employer. This is the latest accreditation as H&B evolves its colleague support, creating a positive and... View Article
  
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• Holland & Barrett has been accredited as a Menopause Friendly Employer

  11-07-2023 02:00 via theretailbulletin.com
  
  Holland & Barrett have been accredited as a Menopause Friendly Employer. This is the latest accreditation as H&B evolves its colleague support, creating a positive and... View Article
  
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• H&M collaborates with Lakwena Maciver on latest kids collection

  11-07-2023 02:00 via theretailbulletin.com
  
  H&M has embarked on a kidswear collaboration with contemporary British artist, Lakwena Maciver. Featuring a kaleidoscopic colour palette, vivid patterns and graphics adapted from Maciver’s works,... View Article
  
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• Burberry supports The BRIT School fashion programme and launches bursary prize

  11-07-2023 02:00 via theretailbulletin.com
  
  Luxury brand Burberry has teamed up with The BRIT School in a two-year partnership to support fashion education and help young people from global majority backgrounds... View Article
  
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• Warm weather boosts UK consumer spending in June, data shows

  11-07-2023 01:04
  British Retail Consortium and Barclays figures signal growth in retail sales, but still lags behind inflation
  
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• UK retailers report sizzling sales in hot June weather

  11-07-2023 01:01
  
  Shoppers snap up barbecue food, swimwear, beach towels, outdoor games and garden furniture in June Britain’s retailers recorded a sharp rise in spending in June as hot weather prompted consumers to buy summer clothing and outdoor goods, despite growing pressure on budgets from the cost of living crisis.The British Retail Consortium (BRC) said sales increased by 4.9% in June, above the annual average growth rate, as shoppers hit the high street to buy swimwear, beach towels, outdoor games,
  
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• Amazon needs better discounts to stop Prime Day decline, says GlobalData

  11-07-2023 00:58 via retailgazette.co.uk
  
  Amazon needs to improve its discounts to prevent a fall in Prime Day participation, according to GlobalData.
  The consulting company’s senior retail analyst Eleanor Simpson-Gould explained Amazon needed to offer “unmissable deals on top brands” over the discounting event, which is held on 11 to 12 July, to increase involvement in the event, due to “many retailers already advertising a plethora of discounts”.
  She pointed out: “The proportion of consumers with ac
  
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