Retail news

• Burberry: taking Britishness global will be a hard sell

  14-07-2023 16:32 via ft.com
  Turnarounds are tough — all the more so in a sector dominated by luxury juggernaut LVMH
  
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• YouTube giant Sidemen launches first ever retail store

  14-07-2023 13:06 via retailgazette.co.uk
  
  YouTube channel Sidemen is opening its first retail store this weekend at Bluewater shopping centre.
  Sidemen clothing will be the only place shoppers can buy the official Sidemen merchandise, other than on the group’s website.
  Fans who visit the shop on opening day will get early access to a new range of unreleased merchandise, which will then be made available to buy exclusively from the Bluewater store before its general release in August.Subscribe to Retail Gazette for free
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• Iceland to shut all Swift convenience stores

  14-07-2023 12:52 via retailgazette.co.uk
  
  Iceland is shutting down its Swift convenience stores as it begins the rollout of Iceland-branded ‘Local’ sites.
  The move will see four stores permanently closed, while one is to be converted into a standard Iceland store, The Grocer reported.
  Staff working at the Swift sites in Finsbury Park, Archway, Wembley, Hounslow and Four Lanes End in Newcastle will be offered a transfer to the retailer’s close-by store and provided with the same working hours.Subscribe to Retail Gazette
  
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• Morrisons launches seventh round of price cuts this year

  14-07-2023 12:13 via retailgazette.co.uk
  
  Morrisons has continued to cut the price of food essentials as it looks to support customers with the rising cost of living.
  From today, shoppers will be able to save up to 15% on over 170 branded and own-branded products.
  The cuts are locked in price for at least eight weeks and include items such as bread, sausages, chocolate cookies and alcohol.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning Morrisons chief customer
  
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• Burberry revenue growth weighed down by falling Americas sales

  14-07-2023 11:59 via ft.com
  Other luxury groups have also reported slowing growth in the region
  
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• London losing out to Paris and Milan over tourist shopping, says Burberry

  14-07-2023 11:26
  
  British brand’s sales jump by 18% year on year on back of post-Covid bounceback in ChinaBurberry has reported a sales surge of almost a fifth thanks to a bounceback in China, but the luxury British fashion brand has warned that London is losing out to rivals such as Paris and Milan, which are enjoying a stronger tourist shopping boom.The British fashion brand, best known for its signature check bags and raincoats, said that global sales grew 18% year on year to £589m in the quarter t
  
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• Apple UK sales hit record £1.5bn driven by strong demand

  14-07-2023 10:10 via retailgazette.co.uk
  Apple’s sales in the UK have hit a new record of £1.5bn thanks to strong demand for its top-of-the-range iPhones.
  The tech giant’s UK retail arm, which includes its physical stores, saw revenues surge 61% in the 12 months to September 24 as its recovered post-pandemic after revenue dropped from £1.4bn in 2019 to £971m back in 2021.
  Apple said it sae strong demand for its most expensive iPhone models, the “Pro” range, which helped to lift the company&rsqu
  
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• Asda co-owner faces questions from UK’s competition watchdog over fuel prices

  14-07-2023 09:36 via retailgazette.co.uk
  
  Asda co-owner Mohsin Issa will face questions from British lawmakers as they look to clarify comments made by one of his executives about the grocer‘s fuel pricing strategy at a previous hearing.
  Reuters reports that the lower house of parliament’s Business and Trade Committee is concerned about apparent discrepancies between statements made in evidence on June 27 by chief commercial officer Kris Comerford, and the findings by Britain’s competition regulator in its market
  
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• Burberry sales soar driven by strong China recovery

  14-07-2023 09:09 via retailgazette.co.uk
  
  Burberry has posted an 18% rise in it first-quarter comparable store sales for the 13 weeks ending July 1, reaching revenues of £589m during the first quarter of the year.
  Boosted by a continued recovery in its biggest market China, the luxury British fashion retailer’s core categories including outerwear and leather goods also performed well, said CEO Jonathan Akeroyd.
  The business said outerwear comparable store sales were up 36%, led by “heritage rainwear,” such as its
  
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• Selfridges unveils new ‘Unlocked’ membership scheme

  14-07-2023 08:36 via retailgazette.co.uk
  
  Selfridges has unveiled Selfridges Unlocked, its new loyalty scheme giving holders automatic free shipping on orders over £150, as well as first access to events, services and product launches.
  The luxury department store‘s new offer will also automatically make a donation to its charity partner Centrepoint on behalf of the customer after each purchase made.
  Customers can opt in to receive a Selfridges Key QR code which can be downloaded into the holder’s wallet, before being u
  
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• Selfridges unveils new ‘Unlocked’ loyalty scheme

  14-07-2023 08:36 via retailgazette.co.uk
  
  Selfridges has unveiled Selfridges Unlocked, its new loyalty scheme giving holders automatic free shipping on orders over £150, as well as first access to events, services and product launches.
  According to Drapers, the luxury department store‘s new offer will also automatically make a donation to its charity partner Centrepoint on behalf of the customer after each purchase made.
  Customers can opt in to receive a Selfridges Key QR code which can be downloaded into the holder’s
  
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• Wickes Community Programme supporting charities through the cost of living crisis

  14-07-2023 02:00 via theretailbulletin.com
  
  Home improvement retailer, Wickes, has seen numbers treble year on year of charities and community organisations seeking support through their community programme. T he  programme has... View Article
  
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• Selfridges introduces new “Unlocked” loyalty programme

  14-07-2023 02:00 via theretailbulletin.com
  
  Luxury retailers Selfridges has introduced a new loyalty scheme to “unlock the best product launches, events, news and free shipping for everyone”. The scheme, called Selfridges Unlocked, offers... View Article
  
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• Next partners with stem cell transplant charity Anthony Nolan

  14-07-2023 02:00 via theretailbulletin.com
  
  Next has embarked on a two-year partnership with stem cell transplant charity Anthony Nolan. The charity will work with Unity at Next, the employee network group... View Article
  
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• Mango grows sales by 20% in first half of 2023

  14-07-2023 02:00 via theretailbulletin.com
  
  Fashion retailer Mango has grown its first-half turnover by 20% year-on-year to €1.45 billion and by 30% compared to pre-pandemic levels in 2019. The Barcelona-based retailer... View Article
  
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• [Lightspeed] 45 Retail Quotes That Inspire

  14-07-2023 02:00 via theretailbulletin.com
  
  Being a retailer can be incredibly rewarding, but it’s not easy. There are some days where you need a little extra motivation and inspiration to remind... View Article
  
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• In the hot seat with Lorraine Angus, Head of Customer Operations UK, Merchant Services, Worldline

  14-07-2023 02:00 via theretailbulletin.com
  
  Take a look at the ninth instalment of our “In the Hot Seat” series, featuring Lorraine Angus, Head of Customer Operations UK, Merchant Services. In this... View Article
  
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• Edge Hill University awards Honorary Doctorate to Timpson Chief Executive

  14-07-2023 02:00 via theretailbulletin.com
  
  Businessman and philanthropist James Timpson OBE, Chief Executive of the pre-eminent shoe repairs company Timpson, is to be awarded an Honorary Doctorate in Business by Edge... View Article
  
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• Dr. Martens trading in line with expectations

  14-07-2023 02:00 via theretailbulletin.com
  
  Dr. Martens has said its trading remains in line with expectations after experiencing strong growth in direct-to-consumer sales in both its EMEA and APAC regions. In... View Article
  
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• Burberry boosted by recovery in China

  14-07-2023 02:00 via theretailbulletin.com
  
  Burberry has posted a 17% increase in first quarter retail sales after benefiting from its ongoing recovery in China, In the 13 weeks to 1 July,... View Article
  
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• All Good Things secures investment to fund growth

  14-07-2023 02:00 via theretailbulletin.com
  
  All Good Things, the independent retailer that sells pre-loved, fragmented or repaired clothing, has secured a new ££2.5 million equity investment to fund growth. After completing... View Article
  
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