Retail news

• Lush bosses pocket £5m in bonuses after claiming £5m in government support

  30-07-2023 20:56 via retailgazette.co.uk
  
  Lush managers received £5m in bonuses last year after the retailer claimed £5.1m in state support and reported a 90% drop in profits, The Guardian reported.
  The bonuses were paid on top of the salaries given to directors, which include co-founder Mark Constantine, his wife Mo and six staff at Lush Cosmetics – the retailer’s main operating company that runs its manufacturing site in Poole and 886 stores worldwide.
  It comes as the retailer is currently involved in a battle
  
  Read more

• Frasers Group puts 100 jobs at risk as it trims costs

  30-07-2023 20:04 via retailgazette.co.uk
  
  Frasers Group is to cut more than 100 roles in its Manchester head office as it looks to streamline the business.
  The retail giant has entered a consultation period with staff from Missguided, I Saw It First and Studio Retail, Drapers reported.
  The move is understood to be part of company-wide efficiency drive as the group continues its acquisition spree, which most recently saw the group increase its stake in Boohoo and Currys.
  The streamlining strategy has seen 200 roles at the group’s h
  
  Read more

• Lush paid managers £5m in bonuses after taking £5m in state support

  30-07-2023 15:22
  
  Exclusive: Cosmetics maker reports 90% drop in profits amid dispute with former boss over his attempt to sell sharesThe cosmetics chain Lush paid its managers £5m in bonuses last year while taking £5.1m in government support and recording a 90% drop in profits.The bonuses were paid on top of salaries in 2022 to directors including the co-founder, Mark Constantine, and his wife, Mo, who are shareholders, and six staff at Lush Cosmetics, the brand’s main operating company, which
  
  Read more

• SodaStream and John Lewis to take the UK by storm

  30-07-2023 08:00 via retailgazette.co.uk
  
  With consumer demand for effortless hydration whilst being sustainable, sparkling water makers like SodaStream are a retailers’ must have
  In recent years, there’s been a noticeable shift towards conscious consumption as people have become more aware of the impact their choices have on the environment and their own well-being. It’s imperative that retailers provide a solution that solves both needs, which is why this Summer, SodaStream has launched an exclusive ‘Shop in Sh
  
  Read more

• Advertisement

• Luxury sector slows after ‘bonkers’ post-pandemic spending spree

  30-07-2023 06:00 via ft.com
  Consumers more choosy as economic weakness and end of revenge buying hits groups from LVMH to Kering
  
  Read more

Follow @retailuknws on Twitter!