Retail news

• Adidas to roll out second batch of unsold Yeezys

  28-07-2023 18:14 via retailgazette.co.uk
  
  Adidas has confirmed it is releasing a second batch of Yeezy trainers in an attempt to shift the unsold footwear.
  The sportswear brand cancelled its collaboration with American rapper Ye, formerly known as Kanye West, in October after he made antisemitic remarks and faced allegations of inappropriate behaviour while working with Adidas.
  The move left the retailer with £1bn worth of unsold Yeezys.
  Adidas said in May that it will be donating a significant portion of proceeds from the sale&nb
  
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• Adidas to sell second batch of Yeezy trainers after breakup with Kanye West

  28-07-2023 17:16
  
  Sportswear firm says first release of unsold stock helped reduced its expected annual losses by €250mAdidas is to sell a second batch of Yeezy footwear, including some of its most popular lines, after sales from the first reduced expected annual losses for the company by €250m.The German sportswear label said in May it would not destroy the unsold merchandise from its now-defunct Yeezy partnership with Kanye West, who changed his name to Ye in 2021, and would instead try to sell the st
  
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• Around the world in seven carts: how people shop for groceries internationally

  28-07-2023 17:00
  
  Wealthy nations have been hit by inflation but the way this has changed grocery shopping culture – and governments’ responses – varyRead more from Guardian Australia’s The cost of eating seriesA handful of multinational names may dominate high street fashion and fast food around the world, but when it comes to grocery shopping, every country has their own chains and their own quirks. While it is not uncommon for the supermarket landscape to be dominated by a few major pla
  
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• John Lewis unveils top 10 toys for Christmas, chosen by children

  28-07-2023 15:33 via retailgazette.co.uk
  
  John Lewis has revealed its top ten toys for Christmas 2023, chosen by a panel of children.
  Four kids aged between five and ten tested a collection of hundreds of toys, following months of sourcing and testing.
  The children were asked to choose their favourite toys from the selection after hours of play time, narrowing the products down to their top ten.
  90s classics proved popular with the testers, with the Furby and Barbie car gaining spots on the list.
  The department store retailer noted it e
  
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• Aldi ditches ‘Use by’ dates on fresh milk

  28-07-2023 15:19 via retailgazette.co.uk
  
  Aldi is to remove the ‘Use By’ dates from its fresh milk line in a bid to reduce food waste.
  The German grocer will instead introduce ‘Best Before’ dates on the packaging across its stores in England and Wales.
  The change will be rolled out by the end of the year and forms part of the supermarket’s goal to halve its food waste by 2030.
  According to waste reduction charity WRAP, nearly 300,000 tonnes of milk is wasted by UK households each year due to it not being co
  
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• Best of: 5 of the best retailer apps

  28-07-2023 14:49 via retailgazette.co.uk
  In this day and age consumers can’t be torn away from their phones, using them for both work and play. It’s therefore unsurprising that an increasing number of Brits are using mobile apps to do their shopping.
  Klarna’s 2021 Mobile Shopping Report revealed that 60% of UK consumers have between one and five shopping apps installed on their device.
  The research also showed that UK consumers across all generations have increased the amount of time that they use their mobiles t
  
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• No longer bog standard: how loo roll became a status symbol

  28-07-2023 14:45
  
  Since the pandemic toilet paper has come out of the shadows to take centre stage in UK bathroomsHandbags and cars are more traditional status symbols, but in these topsy-turvy times the humble toilet roll is being treated with more reverence than you would expect for something used to wipe your bottom with. In the toilets of trendy restaurants or friends, proud pyramids of loo roll stand in bright, graphic wrapping. On Instagram, influencers now allow it to stay in the backdrop of bathroom selfi
  
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• Hermès bucks US luxury slowdown as sales soar 22%

  28-07-2023 14:19 via ft.com
  French group helped by strong performance in North America in contrast with rival LVMH
  
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• Card Factory opens first Middle East store as it ramps up expansion drive

  28-07-2023 14:05 via retailgazette.co.uk
  
  Card Factory has opened its first store in the Middle East as it continues its expansion into new territories.
  The new shop, located in the Bawabat Al Sharq Mall in Abu Dhabi, is part of the retailer’s franchise agreement with Liwa.
  The greetings card specialist announced the deal back in May which will see Liwa open around 36 stores with Card Factory’s fascia across the Middle East, including Qatar, Kuwait, Saudi Arabia, Bahrain and Oman.Subscribe to Retail Gazette for free
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• Hermès sales rise boosted by US as well as European growth

  28-07-2023 13:21 via ft.com
  French group helped by strong sales in North America despite slowdown at rival LVMH
  
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• B&M secures long-term commitment from Bobby Arora until 2026 in £16m deal

  28-07-2023 08:58 via retailgazette.co.uk
  
  B&M has made an agreement with group trading director Bobby Arora to keep him committed to the value retailer until at least March 2026.
  The maximum additional bonus he can receive is £16m mover a three-year period until the end of FY26, but this will depend on certain financial and performance conditions being met.
  In a statement this morning, B&M said Arora “has been instrumental in developing the B&M customer experience and contributing to the Company’s long-term
  
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• UK loses 6,000 retail outlets in five years thanks to ‘crippling’ business rates

  28-07-2023 08:33 via retailgazette.co.uk
  
  Six thousand shops have closed down in Britain in the last five years and the overall vacancy rate has increased since the start of the year, according to the British Retail Consortium.
  ‘Crippling’ business rates and the impact of lockdowns during the coronavirus pandemic have played a key role in decisions to close stores and to be cautious about new openings, chief executive Helen Dickinson said.
  Figures released for the second quarter of this year show that the vacancy rate f
  
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• In pictures: From Singhsbury’s to PK Max – the copycat retailers taking inspiration from big chains

  28-07-2023 08:31 via retailgazette.co.uk
  
  It can be hard to come up with the perfect name for your business. Some independents have seemingly taken inspiration from some of the biggest retail brands.
  However, some store owners may be pushing things a little too far in efforts to imitate famous franchises.
  From Singhsbury’s to Tesos Express, Retail Gazette takes a look at some copycat retailers taking inspiration from big chains – including some that have sailed too close to the wind in their homage.
  PK Max in Blackpool
  Mark
  
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• Australians pull back on retail spending as case for holding interest rate grows

  28-07-2023 06:06
  
  Sales turnover across most categories dips amid cost-of-living pressures ahead of RBA decision on cash rate next weekFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralian shoppers trimmed their spending in June amid a cost-of-living squeeze, adding to the case for the Reserve Bank to extend its interest rate pause for another month.Retail turnover fell 0.8% last month, erasing a monthly increase of that amoun
  
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• Phase Eight unveils new concept store at Centre:mk

  28-07-2023 02:00 via theretailbulletin.com
  
  Womenswear brand Phase Eight has opened a new flagship concept store at Centre:mk in Milton Keynes. A relocation from the brand’s former unit at the centre,... View Article
  
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• Mountain Warehouse relocates to larger store at Gloucester Quays

  28-07-2023 02:00 via theretailbulletin.com
  
  Outdoor retailer Mountain Warehouse is to relocate from its existing store into a larger space at South West outlet and dining destination, Gloucester Quays. Due to... View Article
  
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• Lounge to launch first permanent physical store

  28-07-2023 02:00 via theretailbulletin.com
  
  Lounge is to enter bricks-and-mortar retail with the opening a permanent store at Westfield White City. The move follows the success of the lingerie brand’s pop-up... View Article
  
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• Kering to acquire 30% stake in Valentino

  28-07-2023 02:00 via theretailbulletin.com
  
  French luxury group Kering is to acquire a 30% stake in Valentino from Qatar’s Mayhoola for €1.7 billion. The agreement includes an option for Kering to... View Article
  
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• Goldsmiths arrives in Bromley

  28-07-2023 02:00 via theretailbulletin.com
  
  Goldsmiths, the luxury watch and jewellery retailer, has opened its first showroom in Bromley. Featuring a new luxury concept, the shop in The Glades shopping centre... View Article
  
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• Gap appoints Mattel’s Richard Dickson as chief executive

  28-07-2023 02:00 via theretailbulletin.com
  
  US fashion brand Gap has appointed Richard Dickson as its president and chief executive officer. Due to join the business on 22 August, Dickson was previously... View Article
  
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• Clapton Craft: The Craft Beer Revolutionaries Scaling at Lightspeed

  28-07-2023 02:00 via theretailbulletin.com
  
  Clapton Craft is a craft beer, natural wine, cider, and spirits retailer. Founded in 2014 with nothing more than a passion for craft beer, a shoestring... View Article
  
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• cardfactory opens first store in the Middle East

  28-07-2023 02:00 via theretailbulletin.com
  
  cardfactory, the UK’s leading specialist retailer of greeting cards, gifts and celebration essentials, is opening its first cardfactory store in the Middle East as part of... View Article
  
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• Aldi announces major change to milk to combat food waste

  28-07-2023 02:00 via theretailbulletin.com
  
  Aldi is taking significant steps to combat food waste by eliminating ‘Use By’ dates from its fresh milk. Instead, the supermarket will adopt ‘Best Before’ dates,... View Article
  
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• Britain loses 6,000 retail outlets in five years as shops close

  28-07-2023 01:01
  
  British Retail Consortium points to ‘crippling’ business rates, the cost of living crisis and Covid as factorsBusiness live – latest updatesBritain has lost 6,000 storefronts in five years, new figures show, with financial pressures forcing shop owners to close their stores and leave cities with undesirable “gap-toothed high streets”.Covid, the cost of living crisis and “crippling” business rates are causing businesses to desert retail spaces, and local
  
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