Retail news

• The North Face to expand Regent Street flagship

  24-07-2023 15:56 via retailgazette.co.uk
  
  The North Face has signed a new 10-year lease on Regent Street to expand its global flagship, according to Great Portland Estates.
  The store, located at Walmar House, 288-300 Regent Street will grow to 10,000 sq ft across its ground and basement floors, to up its retail footprint by 33%.
  The outdoor clothing retailer has traded at GPE’s Walmar House since 2015.
  The North Face / VF Group EMEA Real Estate Manager, Ignacio Abadias, said: “We’re excited to confirm that we will be e
  
  Read more

• Data: 85% of retailers are confident about growth in the next year

  24-07-2023 14:53 via retailgazette.co.uk
  
  A new report released by Barclays ‘The New Retail Reality’ has revealed that more than 8 in 10 of retailers are confident about growth over the next year, despite recent cost of living pressures.
  Of the 601 retailers and wholesalers surveyed, 85% of them had a positive outlook on growth next year compared to the last 12 months.
  While the report proved that in-store shopping is here to stay in a post-pandemic world with 86% of retailers saying physical stores remain vital to their fut
  
  Read more

• Primark cuts prices on kids clothing and expands click and collect

  24-07-2023 13:28 via retailgazette.co.uk
  
  Primark is slashing prices on hundreds of its essential children’s clothing products to help families battle the cost of living crisis.
  The discount retailer is lowering prices across selected ranges of its kidswear essentials, under its upcoming Autumn/Winter collection, which arrives in all UK Primark stores at the end of July.
  Parents will be able to pick up a child’s outfit comprising of a long-sleeved t-shirt, leggings and zip through hoodie for £8.10, compared to £9
  
  Read more

• Wilko receives cash injection from Hilco to secure future sale

  24-07-2023 13:00 via retailgazette.co.uk
  
  Wilko has been given millions of pounds of additional funding to help secure its future by one of the high street’s most prolific investors and owner of Homebase and Cath Kidston, Sky News reports.
  Hilco has agreed to lend about £5m to Wilko as the general merchandise retailer faces an intensifying cash squeeze.
  The new debt adds to the £40m loan Wilko secured from Hilco back in January.Subscribe to Retail Gazette for free
  Sign up here to get the latest news
  
  Read more

• Advertisement

• Harvey Nichols CEO warns UK will ‘lose another summer’ in absence of tax-free shopping

  24-07-2023 12:23 via retailgazette.co.uk
  
  Harvey Nichols boss Manju Malhotra has warned the UK will “lose another summer” of business as international shoppers get “into the habit” of buying their designer goods in Paris and Milan over London
  The chief executive has become the latest luxury retail boss to call on the UK government to reintroduce tax-free shopping for foreign shoppers after it was scrapped following Brexit.
  In an interview with The Telegraph, Malhotra urged the government to prioritise the issue b
  
  Read more

• Matalan revenues slip as it remains ‘confident’ for FY24

  24-07-2023 12:18 via retailgazette.co.uk
  
  Matalan sales plummeted 8% for the 13 weeks ended 27 May 2023, compared to the same period last year.
  The fashion retailer’s EBITDA restated under IAS 17 totalled £2.1m, compared to £20.2m the previous year.
  Chief executive Jo Whitfield explained cost of living pressure, unseasonal weather and internal operational challenges had led to the business experiencing a challenging first quarter.
  However, she said as the company’s new leadership team had come together, their cha
  
  Read more

• Selfridges’ £4bn takeover backed by Saudi wealth

  24-07-2023 11:09 via retailgazette.co.uk
  
  Saudi Arabia’s sovereign wealth fund has been revealed as a private financial backer of the £4bn takeover of Selfridges.
  The Kingdom’s £500bn Public Investment Fund (PIF) acquired an interest in the luxury department store last August through Austrian property firm Signa Holding, The Telegraph reported.
  The PIF held a minority contribution of the Signa fund that acquired a 50% stake in the retailer, teaming up with Thai retailer Central Group for equal partnership.Su
  
  Read more

• Resilient consumers continue to prop up retail health, but willingness to spend could be coming to an end warns Retail Think Tank

  24-07-2023 10:32
  
  Rising pressure on retail costs and margins largely offset by continued consumer demand in Q2Retail health will continue slow decline through summerQ3 could prove to be a tipping point, as consumers batten down the hatches in anticipation of an expensive winterWinners and losers will emerge if consumer confidence falls20th July 2023
  Stronger than expected consumer demand in Q2 (March – June) helped to minimise the decline in retail health. However, this resilience could start to tail off
  
  Read more

• Advertisement

• RAC: Supermarkets have doubled fuel margins since Ukraine war

  24-07-2023 09:15 via retailgazette.co.uk
  
  UK supermarkets have more than doubled their margins on fuel since the start of the war in Ukraine, according to recent data from the RAC..
  Before the conflict, Asda, Tesco, Morrisons and Sainsbury’s were making a margin of just under 5p (4.7p) per litre on fuel, with 3.7p for petrol and 5.7p for diesel.
  However, these margins have now more than doubled to 10p (9.3p for petrol and 10.8p for diesel), leading to higher pump prices according to the report.
  Lower fuel prices helped d
  
  Read more

• Adidas collects $565m in orders for first batch of unsold Yeezys

  24-07-2023 08:55 via retailgazette.co.uk
  
  Adidas received orders worth about $565 million for 4 million pairs of unsold Yeezy shoes, after severing ties with Kanye West, the Financial Times reports.
  Strong demand for the first batch of online sales would potentially save the German sporting giant from having to take a big write down on its remaining stock.
  Adidas cut ties with the controversial rapper who goes by Ye, following a string of antisemitic statements in October, before announcing it would sell some of its outstanding Yeezy in
  
  Read more

• Ocado to be paid £200m by Norwegian rival to settle robot patent dispute

  24-07-2023 08:32 via retailgazette.co.uk
  
  Ocado will be handed £200 million by rival Norwegian company AutoStore after winning a three-year long ‘robot wars’ legal battle.
  The retail giant said it and AutoStore have settled their long-running dispute over robot patents.
  Back in 2020, AutoStore tried to protect six patents that it said Ocado had breached, and launched a legal battle.
  AutoStore will now pay the retailer £200m in 24 monthly instalments starting in July 2023 under the new settlement.
  In a joint state
  
  Read more

• Waitrose boss hits out at ministers for scrapping animal welfare food labels

  24-07-2023 08:14 via retailgazette.co.uk
  
  Waitrose has bashed ministers for shelving plans to make animal welfare labels mandatory, warning that the UK risks a “race to the bottom” on standards.
  Writing in The Telegraph, executive director of Waitrose James Bailey described it as “huge disappointment” that the government had abandoned a planned formal consultation on introducing new animal welfare labels for meat production.
  He said this meant the scheme would “not make it onto the statute book any time soo
  
  Read more

• Revolution Beauty faces ‘market abuse’ investigation by City watchdog

  24-07-2023 08:06 via retailgazette.co.uk
  
  Revolution Beauty is being probed by the City watchdog (FCA) over potential breaches of market abuse dating back two years.
  In a notice to the stock exchange this weekend, the online beauty retailer, which had been embroiled in a public spat with 26.6% key shareholder, Boohoo Group, revealed that it had been notified of the move by the FCA.
  It said the watchdog “has commenced an investigation into potential breaches of the Market Abuse Regulation (EU) 596/2014 (as it forms part of UK
  
  Read more

• Adidas scores a hit with first batch of unsold Yeezy shoes

  24-07-2023 06:00 via ft.com
  German group received more than €500mn of orders in online sale after severing ties with Kanye West
  
  Read more

• Tell us: have you noticed ‘shrinkflation’ in Australian supermarkets?

  24-07-2023 03:58
  
  We are asking readers to share examples of products that have been suddenly downsizedAn increasing number of food companies are passing on costs, and growing profits, by shrinking their products but not changing the price.By doing so, they avoid a sensitive price hike that is more likely to attract the attention of customers in a cost-of-living crisis. Continue reading...
  
  Read more

• Reader callout: have you noticed ‘shrinkflation’ in Australian supermarkets?

  24-07-2023 03:58
  
  We are asking readers to share examples of products that have been suddenly downsizedAn increasing number of food companies are passing on costs, and growing profits, by shrinking their products but not changing the price.By doing so, they avoid a sensitive price hike that is more likely to attract the attention of customers in a cost-of-living crisis. Continue reading...
  
  Read more

• Why UK Retail professionals need advanced data analytics to enhance decision making

  24-07-2023 02:00 via theretailbulletin.com
  
  By Phillip Sewell, CEO and co-founder Predyktable Most c-suite UK Retail professionals lack the data quality and predictive analytics capabilities needed to best support business-critical, forward... View Article
  
  Read more

• Tarte Cosmetics announces internal leadership promotions

  24-07-2023 02:00 via theretailbulletin.com
  
  Tarte Cosmetics has promoted two key executives who have been instrumental in the brand’s growth over the past few years. Sri Ganapathy (pictured) has moved from... View Article
  
  Read more

• Superdrug makes online shopping more inclusive with website accessibility features

  24-07-2023 02:00 via theretailbulletin.com
  
  Health and beauty retailer, Superdrug, has today announced new personalised accessibility features on its ecommerce site, Superdrug.com, to make it more inclusive and accessible for people... View Article
  
  Read more

• Primark goes live with Click & Collect in London

  24-07-2023 02:00 via theretailbulletin.com
  
  From today, customers in and around Greater London, can buy online from Primark’s extensive range of kids’ and nursery products for the first time as its... View Article
  
  Read more

• Ocado and AutoStore settle all patent litigation

  24-07-2023 02:00 via theretailbulletin.com
  
  Ocado has reached a deal to settle all outstanding patent litigation claims with Norwegian rival AutoStore following a three-year dispute. The news means that AutoStore will... View Article
  
  Read more

• John Lewis extends same-day delivery service to more cities

  24-07-2023 02:00 via theretailbulletin.com
  
  John Lewis is extending its same-day delivery service to more cities following an initial launch in London last August. The service is being offered to customers... View Article
  
  Read more

• Co-op and Uber Eats partnership ‘delivers’ rewards for the retailer’s members and communities

  24-07-2023 02:00 via theretailbulletin.com
  
  The Co-op has teamed up with Uber Eats to ‘deliver’ rewards for the convenience retailer’s members and their communities. The move means that Co-op members will... View Article
  
  Read more

• Calls renewed for financial support for security equipment as shop theft rises

  24-07-2023 02:00 via theretailbulletin.com
  
  Independent retailers are renewing calls for government grants to help them beef up their security systems as new figures show that incidents of shop theft rose... View Article
  
  Read more

• BOSS launches new-look space on Liverpool ONE’s Paradise Street

  24-07-2023 02:00 via theretailbulletin.com
  
  Grosvenor has announced that premium fashion brand, BOSS, has officially launched its new-look space on Liverpool ONE’s Paradise Street, following its relocation and significant upsize announcement... View Article
  
  Read more

Follow @retailuknws on Twitter!