Retail news

• Data: Amazon Prime Day UK sales edge up

  12-07-2023 18:00 via retailgazette.co.uk
  
  UK sales on the first day of Amazon’s discounting extravaganza have increased slightly from last year, according to new data.
  The online giant’s UK site took £581m yesterday, just 1.3% higher than the first day of Prime Day last year, according to data from Adobe Analytics.
  The analytics firm forecasts that sales across the two-day event will hit £1.2bn, which is almost double (92%) normal spending levels.
  However, the impact of Prime Day in the UK is much lower than in A
  
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• Sainsbury’s extends Nectar Prices to meat, fish and poultry

  12-07-2023 16:27 via retailgazette.co.uk
  
  Sainsbury’s has expanded its Nectar Prices promotion to include meat, fish and poultry for the first time.
  The change means there are now around 3,500 products available at a discounted price through the grocer’s loyalty initiative.
  From today, Nectar members will receive up to a third off selected own-branded and branded meat, fish and poultry items.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning Sainsbury
  
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• Hotter owner Unbound seeks emergency funding as it borders collapse

  12-07-2023 16:12 via retailgazette.co.uk
  
  Unbound Group is racing to secure emergency funding as it borders on the brink of collapse.
  The owner of Hotter Shoes is understood to be looking to raise £2m in the coming days to support the implementation of its restricting plan, Sky News reported.
  City sources told the title that without an injection of funding “in the near future”, the board would need to call in administrators.
  The retailer drafted in advisors from Interpath Advisory late last month to start preparing eme
  
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• Superdrug profits soar as footfall continues to rise

  12-07-2023 13:43 via retailgazette.co.uk
  
  Superdrug’s profit and sales surged in 2022 as shoppers returned to stores in their droves.
  The health and beauty retailer’s pre-tax profit soared from £45m to £78m, rising almost 72%. Its sales were also up 17% to £1.37bn over the period.
  The business attributed the boost to increased store footfall across city centres, successful own brand product launches and a strong Christmas period for its financial results.Subscribe to Retail Gazette for free
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• Superdrug full-year profits soar as footfall and own-brand boost sales

  12-07-2023 13:43 via retailgazette.co.uk
  
  Superdrug’s profit and sales surged in 2022 as shoppers returned to stores in their droves.
  The health and beauty retailer’s pre-tax profit soared from £45m to £78m, rising almost 72%. Its sales were also up 17% to £1.37bn over the period.
  The business attributed the boost to increased store footfall across city centres, successful own-brand product launches and strong Christmas trading.
  CEO Peter Macnab said: “We have certainly carried this momentum into 2023
  
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• Uniqlo owner Fast Retailing set for record third quarter profit

  12-07-2023 13:36 via retailgazette.co.uk
  
  Uniqlo owner Fast Retailing is expected to deliver a 25% jump in its third quarter profits on Thursday thanks to strong growth across all its markets.
  Operating profit for the fashion retailer in the three months to 31 May likely reached £567m, up from £453m the year before, according to the average of forecasts from seven analysts surveyed by Refinitiv.
  The retailer, popular for its £15 crossbody bag, raised its full-year financial outlook in April from £2.1bn to £
  
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• Currys teams up with Samsung for trade-in initiative

  12-07-2023 11:43 via retailgazette.co.uk
  
  Currys has partnered with Samsung UK to offer customers discounts on select products when they trade-in their unwanted tech.
  For the month of July, the electricals retailer is offering shoppers between 10 to 15% off over 390 of the brand’s products.
  Customers will be able to redeem the vouchers online or in any of Currys’ 285 stores, as well as its Mobiles and Carphone Warehouse sites.
  The initiative builds on the retailer’s existing ‘Cash for Trash’ scheme, which g
  
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• Sustainability Beat: Retail Gazette’s new launch brings business news with purpose

  12-07-2023 11:30 via retailgazette.co.uk
  
  From net zero goals to decarbonisation strategies, running a sustainable business is more important than ever, with consumers actively seeking out brands and products with a clear commitment to environmental and ethical sustainability.
  Retailers have responded by pledging to take action, meeting key climate goals and setting carbon reduction targets as they aim to mitigate operational risks right along the supply chain.
  New from the team that brought you Retail Gazette, Sustainability Beat
  
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• Amazon legally challenges EU big tech rules for being ‘unfairly singled out’

  12-07-2023 09:28 via retailgazette.co.uk
  
  Amazon has kicked off a legal challenge against the EU’s new Big Tech rules, accusing Brussels of “discriminatory” treatment.
  The online giant has filed a petition at the Court of Justice in Luxembourg claiming has been wrongly categorized under the bloc’s Digital Services Act.
  The legal challenge makes Amazon the first Silicon Valley company to formally challenge the new rules.Subscribe to Retail Gazette for free
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• Shoe Zone raises profit outlook thanks to ‘exceptional’ sales

  12-07-2023 09:08 via retailgazette.co.uk
  
  Shoe Zone has raised its pre-tax profit forecast for the second time in five weeks after posting “exceptional” sales.
  As a result, the value footwear retailer now expects adjusted profit before tax for the financial year ending October 2, 2023 to be “not less” than £13.5m.
  The company also experienced margin improvements since its last trading update due to the lower container rates and favourable foreign exchange rates with management expecting these improved margi
  
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• Waitrose: Targeted shoplifting is on the rise

  12-07-2023 08:49 via retailgazette.co.uk
  
  According to Waitrose, incidents of shoplifting have increased in its stores across the UK, with an MP claiming that organised gangs were “operating with impunity”, the BBC reports.
  The premium supermarket’s owner John Lewis Partnership said that while it could not “speculate on the reasons”, it was seeing “rising numbers of shoplifting offences – often by organised gangs as well anti-social behaviour”.
  JLP said that, while none of its staff had be
  
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• Zara owner Inditex unveils ‘extremely ambitious’ sustainability targets

  12-07-2023 08:34 via retailgazette.co.uk
  
  Zara owner Inditex has laid out ambitious sustainability goals at its AGM, including a pledge to reduce its emissions by more than 50% by 2030, as it looks to reach net zero by 2040.
  The fashion giant which also owns Pull&Bear and Bershka said it would focus on low-impact fibres, supply chain transformation, biodiversity and circularity initiatives, as fast-fashion retailers face growing pressure to cut waste.
  Chief executive Óscar García Maceiras said the targets were &ld
  
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• US consumers trim back-to-school budgets as inflation bites

  12-07-2023 06:15 via ft.com
  Price-sensitive families ‘hungry for deals’ but spending expected to fall 10% from last year
  
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• Zara owner aims to cut value chain emissions by 50% by 2030

  12-07-2023 02:00 via theretailbulletin.com
  
  Zara owner Inditex has announced new sustainability targets at its AGM as it looks to cut emissions along its value chain by 50% by 2030. It will... View Article
  
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• Weavers Wharf acquired by LCP

  12-07-2023 02:00 via theretailbulletin.com
  
  Weavers Wharf, the edge-of-town retail park in Kidderminster, has been acquired by commercial property and investment company LCP for an undisclosed sum. Spanning 220,000 square feet,... View Article
  
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• The Perfume Shop accredited as a real Living Wage employer

  12-07-2023 02:00 via theretailbulletin.com
  
  Fragrance retailer The Perfume Shop, has successfully secured accreditation with the Living Wage Foundation. The Perfume Shop has paid real Living Wage pay rates since January... View Article
  
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• Tesco launches virtual GP appointments for colleagues

  12-07-2023 02:00 via theretailbulletin.com
  
  Tesco has expanded its investment in staff wellbeing with the introduction of virtual GP appointments. For the first time, the supermarket’s benefits package will give staff... View Article
  
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• Superdrug hails full year double digit sales growth

  12-07-2023 02:00 via theretailbulletin.com
  
  Health and beauty retailer Superdrug saw its sales surge by 17% to £1.367 billion in 2022 following improved footfall in city centre stores and successful own-brand... View Article
  
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• Shoe Zone raises profit outlook following strong month of sales

  12-07-2023 02:00 via theretailbulletin.com
  
  Shoe Zone has raised its profit outlook for a second time in five weeks after experiencing an “exceptional” month of sales. In a trading update, the... View Article
  
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• Shares in Hotter Shoes plunge

  12-07-2023 02:00 via theretailbulletin.com
  
  Unbound Group, the owner of Hotter Shoes, has revealed administration is a possibility if its search for finance is not successful. Skelmersdale-headquartered Unbound Group said it... View Article
  
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• N Brown launches new trading website for Jacamo

  12-07-2023 02:00 via theretailbulletin.com
  
  N Brown, the parent company of JD Williams and Simply Be, has launched a new trading website for its Jacamo inclusive menswear brand. Part of the... View Article
  
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• Morrisons begins stocking Savers range in convenience stores

  12-07-2023 02:00 via theretailbulletin.com
  
  Morrisons has begun stocking a range of its Savers entry-level products in its convenience stores. The items will be available in over 500 Morrisons Daily stores... View Article
  
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• Barbie-Mania hits UK retail

  12-07-2023 02:00 via theretailbulletin.com
  
  The Barbie Movie is coming to London today, Wednesday July 12. The highly anticipated release will premiere in London at 6pm tonight and the event will... View Article
  
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