Retail news

• Amazon Prime Day: day two sales nudge up 3%

  13-07-2023 17:58 via retailgazette.co.uk
  
  Sales during day two of the Amazon Prime Day event saw total UK online spend surpass £570m, according to Adobe Analytics.
  The sales represent a 3.4% increase compared to revenue on the same day of the event last year, when the retail giant raked in £550m.
  The figures made yesterday the second biggest day for UK online spending to date during 2023, with the first biggest day being day one of the Prime Day event.
  During both days, total UK online spend for the ecommerce company reached
  
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• Women’s World Cup: retailers set to rake in nearly £500m

  13-07-2023 17:29 via retailgazette.co.uk
  
  Retailers are forecast to earn £464m over the FIFA Women’s World Cup, as viewers stock up on supplies ahead of the game.
  Savings website VoucherCodes.co.uk revealed 21.9m football fans were predicted to watch the competition and that 87% of them were set to be watching from home.
  Although, only 22% are expected to watch from their local pub, bar or restaurant since the cup is being held in Australia and New Zealand, resulting in many early start times for the games.
  During the tourna
  
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• Maria Hollins and Andrew Murphy join Retail Gazette Awards judging panel

  13-07-2023 16:49 via retailgazette.co.uk
  
  Ann Summers CEO Maria Hollins and John Lewis Partnership’s Andrew Murphy are among the latest retail leaders announced as judges for the Retail Gazette Awards 2023.
  The annual free-to-attend and free-to-enter awards ceremony celebrates the game-changing brands, teams, initiatives and workplaces that are redefining retail in 2023.
  The full line-up of judges who will be choosing this year’s winners includes Matches CEO Nick Beighton, Boots CDO Paula Bobbett, CEO of FatFace Will Crumbie
  
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• Ann Summers and John Lewis bosses join Retail Gazette Awards judging panel

  13-07-2023 16:49 via retailgazette.co.uk
  
  Ann Summers CEO Maria Hollins and John Lewis Partnership’s Andrew Murphy are among the latest retail leaders announced as judges for the Retail Gazette Awards 2023.
  The annual free-to-attend and free-to-enter awards ceremony celebrates the game-changing brands, teams, initiatives and workplaces that are redefining retail in 2023.
  The full line-up of judges who will be choosing this year’s winners includes Matches CEO Nick Beighton, Boots CDO Paula Bobbett, CEO of FatFace Will Crumbie
  
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• Net-a-Porter and Zalando expand supplier climate initiative

  13-07-2023 16:31 via retailgazette.co.uk
  
  Yoox Net-a-Porter, Zalando and German ecommerce giant About You are expanding their joint sustainability platform that aims to educate brands on how to improve their environmental performance.
  The trio have entered the second year of their Fashion Leap For Climate initiative, and from this month will extend invitations to join their learning platform to 250 of their brand partners, substantially more than the 55 who took part last year.
  The Fashion Leap For Climate platform was launched in 2022
  
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• Strong DTC sales put Dr. Martens on track to hit profit target

  13-07-2023 16:15 via retailgazette.co.uk
  
  Strong direct-to-consumer (DTC) sales has helped Dr. Martens remain on track to hit its profit guidance for hte year.
  The retailer said that trading since the beginning of the year had been in line with its expectations as it saw “very good growth”  in DTC across both EMEA and APAC.
  It said that it experienced “continued strength” in retail as traffic recovered post-Covid, and it benefitted from “good ecommerce growth”.Subscribe to Retail Gazette for
  
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• Bans, boxing and buzz: how Prime became a highly desirable, totally notorious drink

  13-07-2023 11:00
  
  The brand was launched last year by influencers Logan Paul and KSI, and has ridden a wave of controversy to generate $250m of sales. Ultraprocessed and unpalatable - what is its secret?A few weeks ago, in Christchurch, New Zealand, George Woodgate got a parcel from the other side of the world. Specifically from his Auntie Lisa, in north Devon. First out of the package was a Manchester United shirt. That was pretty cool – George is mad about football. But it was nothing compared with what c
  
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• Uniqlo owner upgrades forecast after record quarterly profits

  13-07-2023 10:28 via ft.com
  Fast Retailing’s operating profit in the three months to May surged 35%
  
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• Uniqlo owner raises annual forecast after surge in post-pandemic China sales

  13-07-2023 10:28 via ft.com
  Fast Retailing’s operating profit in three months to May grew 35% to record ¥110.3bn
  
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• Poundland delivers sales growth despite ‘challenging’ trading conditions

  13-07-2023 09:28 via retailgazette.co.uk
  
  Poundland and Dealz owner Pepco Group has seen a slowdown in underlying sales growth in its latest quarter, as it faced a “challenging trading environment” in April and May.
  Despite the slowing, Poundland’s like-for-like sales rose by 9% due to an improved FMCG performance.
  Group sales were up 12.5% to €1.370bn on a constant currency basis as Pepco and Poundland revenue saw 15.3% and 8.6% boosts respectively.
  Chief executive Trevor Masters said “the macro-economic cl
  
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• Pepco Group sales growth slows amid ‘challenging’ trading conditions

  13-07-2023 09:28 via retailgazette.co.uk
  
  Poundland and Dealz owner Pepco Group has seen a slowdown in underlying sales growth in its latest quarter, as it faced a “challenging trading environment” in April and May.
  Chief executive Trevor Masters said “the macro-economic climate continues to be challenging, particularly in Central Europe, due to elevated levels of inflation” as like-for-like sales slipped 1.2% overall in the quarter.
  Like-for-like sales rose 2.6% in its third quarter to June 30, after increasing
  
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• Mango sales surge 20% as expansion drive continues

  13-07-2023 09:11 via retailgazette.co.uk
  
  Mango has seen revenues rise 20% year-on-year to 1.24bn in the six months to 30 June – up 30% compared to 2019, surpassing pre-pandemic figures.
  The strong sales were driven by “good company performance” in key markets including Spain, the US, Turkey, India and Italy.
  Chief executive Toni Ruiz, attributed the positive results to the Spanish fashion retailer‘s unique design and style, as well as its ambitious plan for international expansion. Subscribe to Retail Gazet
  
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• Watches of Switzerland hails ‘record’ year as demands outpaces supply

  13-07-2023 08:48 via retailgazette.co.uk
  
  Watches of Switzerland has posted “record” figures for its year ending April 30 as it enters 2024 “significantly ahead” of what it previously forecasted as “demand remains strong and continues to outpace supply.”
  Revenues at the luxury watch retailer rose 25% topping £1.54bn, while profits over the period came in at £179m, driven by an especially strong US performance.
  The business achieved adjusted EBITDA of £201m for the period – up 2
  
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• Watches of Switzerland hails ‘record’ year as demand outpaces supply

  13-07-2023 08:48 via retailgazette.co.uk
  
  Watches of Switzerland has posted “record” figures for its year ending April 30 as it enters 2024 “significantly ahead” of what it previously forecasted as “demand remains strong and continues to outpace supply.”
  Revenues at the luxury watch retailer rose 25% topping £1.54bn, while profits over the period came in at £179m, driven by an especially strong US performance.
  The business achieved adjusted EBITDA of £201m for the period – up 2
  
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• Co-op names Debbie White chair designate to succeed Allan Leighton

  13-07-2023 08:32 via retailgazette.co.uk
  
  Co-op Group has named former boss of outsourcing group Interserve, Debbie White as its next chair, replacing Allan Leighton who is set to step down from the role in February 2024.
  She is expected to join the group’s board as an independent non-executive director next month before taking on the role of chair, succeeding Leighton who is nearing the end of his 9-year term.
  White became involved in the government’s response to the COVID-19 pandemic, playing a major role in establishing t
  
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• Co-op names Covid testing mastermind as new chair

  13-07-2023 08:32 via retailgazette.co.uk
  
  Co-op Group has named the former boss of outsourcing group Interserve, Debbie White as its next chair, replacing Allan Leighton who is set to step down from the role in February 2024.
  White became involved in the government’s response to the Covid-19 pandemic, playing a major role in establishing the network of testing centres that formed part of the government’s response to the unfolding crisis.
  She is expected to join the group’s board as an independent non-executive director
  
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• Zombie Retailers on the Brink: Navigating the Impending Collapse with Strategic Adaptation

  13-07-2023 02:00 via theretailbulletin.com
  
  By Andrew Walker, partner and head of restructuring and insolvency at law firm Irwin Mitchell Begbies Traynor, a leading insolvency specialist and business recovery consultancy, has... View Article
  
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• The Perfume Shop celebrates five million member milestone for VIP Rewards Club

  13-07-2023 02:00 via theretailbulletin.com
  
  The Perfume Shop have achieved the milestone of over 5,000,000 members who are now a part of the brand’s VIP Rewards Club. Originally having launched in... View Article
  
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• The Co-operative Group names Debbie White as chair designate

  13-07-2023 02:00 via theretailbulletin.com
  
  The Co-operative Group has appointed Debbie White as chair designate. She will succeed Allan Leighton as chair next February when his nine-year term of office comes... View Article
  
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• Simply Be unveils Manchester’s largest ever mural as part of ‘serious around shape’

  13-07-2023 02:00 via theretailbulletin.com
  
  Inclusive fashion empire, Simply Be is calling time-out on badly fitting clothes with its latest campaign, ‘Serious About Shape’ which shows women that bodies of all... View Article
  
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• Pepco Group hit by challenging third quarter trading conditions

  13-07-2023 02:00 via theretailbulletin.com
  
  Pepco Group, the owner of the Pepco, Poundland and Dealz brands, has posted an uplift in third-quarter revenue despite challenging trading conditions. In the three months... View Article
  
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• Nisa partners with Just Eat

  13-07-2023 02:00 via theretailbulletin.com
  
  Nisa has teamed up with Just Eat to launch an on-demand online delivery partnership. Using the Just Eat app or website, shoppers can order items from... View Article
  
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• Music Magpie boosted by strong trading momentum

  13-07-2023 02:00 via theretailbulletin.com
  
  Music Magpie has said its first-half performance has been in line with expectations, despite postal strikes and low consumer confidence impacting trade in December and January.... View Article
  
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• Interview: Cas Paton, CEO and Founder of OnBuy

  13-07-2023 02:00 via theretailbulletin.com
  
  TRB catch up with Cas Paton, Founder of one of the world’s fastest-growing marketplaces, OnBuy. Can you tell us about your background and what led you... View Article
  
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• eBay completes acquisition of Certilogo

  13-07-2023 02:00 via theretailbulletin.com
  
  eBay has completed its acquisition of Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication. With headquarters in Milan, Certilogo uses digital... View Article
  
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• Currys and Samsung partner on recycling initiative

  13-07-2023 02:00 via theretailbulletin.com
  
  Currys has teamed up with Samsung to offer customers discounts on selected Samsung products when they trade in any unwanted tech items. During July, customers will... View Article
  
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• Better Cotton Signs UN Pledge for Traceability and Transparency

  13-07-2023 02:00 via theretailbulletin.com
  
  Better Cotton, the world’s largest cotton sustainability initiative, has signed the United Nations Economic Commission for Europe (UNECE) Sustainability Pledge ahead of the launch of its... View Article
  
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• How charity shops became cool

  13-07-2023 00:05 via retailgazette.co.uk
  
  It’s Friday night, you’re getting ready with the girls and pulling out options to wear.
  You dig out that cute top you stumbled across in Barnardo’s when your best friend asks where you bought it. ‘Is it Asos?’ she asks, pulling out her phone ready to place an order.
  With a smug smile you say ‘I thrifted it a while back’.
  This is a scene that is being played out in the bedrooms of many Gen Z shoppers as charity shops are fast-becoming the go-to destinatio
  
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