Retail news

• Ben Jennings on the cost of living crisis – cartoon

  16-08-2023 20:30
  
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• Target: profit gain is no salve for US spending shift

  16-08-2023 19:27 via ft.com
  Retailer is losing out as Americans shift spending towards essentials
  
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• PSG to open first UK store on Oxford Street

  16-08-2023 17:28 via retailgazette.co.uk
  
  Paris Saint-Germain football club (PSG) is set to open its first physical store in the UK on 393 Oxford Street.
  Taking over a former American Candy store and located next to footwear retailer Office, PSG signage has gone up on the windows of the property with the text ‘opening soon’.
  It is thought to be the first overseas football club to open a physical store in the UK.
  The French football club counts superstar Kylian Mbappé as one of their players.Subscribe to Retail Gazette
  
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• Kurt Geiger and Steven Madden step into Oxford Street amid footwear revamp

  16-08-2023 16:35 via retailgazette.co.uk
  
  A throng of footwear retailers are opening new stores on Oxford Street, including Kurt Geiger and Steven Madden, while Geox is reopening its store on the famous strip, joining the likes of Carvela, Sole Trader and Clarks.
  Steve Madden is set to open the doors to its second London store on Oxford Street later this month at 270 Oxford Street.
  The 1,200sq ft flagship will feature a range of women’s and men’s footwear alongside handbags.
  Next door, Kurt Geiger will be opening its third L
  
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• George at Asda teams up with Stacey Solomon for new home collection

  16-08-2023 16:29 via retailgazette.co.uk
  
  George at Asda has partnered with television presenter Stacey Solomon.
  The tie-up will see the retailer release a 200+ piece homeware collection designed by Solomon that spreads across bath, bed, dining, living and accessories.
  Prices start from £1 and the range reflects Stacey’s own personal style, the retailer said.
  ‘At Home with Stacey Solomon Exclusively for George Home’ will be available online and in-store from 7 September.Subscribe to Retail Gazette for free
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• George at Asda teams up with Stacey Solomon for exclusive home collection

  16-08-2023 16:29 via retailgazette.co.uk
  
  George at Asda has partnered with television presenter Stacey Solomon.
  The tie-up will see the retailer release a 200+ piece homeware collection designed by Solomon that spreads across bath, bed, dining, living and accessories.
  Prices start from £1 and the range reflects Stacey’s own personal style, the retailer said.
  ‘At Home with Stacey Solomon Exclusively for George Home’ will be available online and in-store from 7 September.Subscribe to Retail Gazette for free
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• UK inflation: which goods and services have changed most in price?

  16-08-2023 11:15
  
  From fruit juice to carpets and cars to hotels, how the cost of everyday items variesUK inflation falls sharply to 6.8% Business live – latest updatesThe UK’s annual inflation rate fell sharply to 6.8% in July, down from 7.9% in June, its lowest level since February 2022, mainly driven by lower energy prices. Food price inflation eased – particularly for essentials such as milk, bread and cereal – and summer sales brought down the cost of clothes, footwear and household g
  
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• Pandora UK boss: Scrapping tourist tax would offset high street challenges

  16-08-2023 09:28 via retailgazette.co.uk
  
  Pandora’s UK boss Rasmus Brix has said removing the tourist tax will help to offset some of the current challenges facing the high street.
  The UK and Ireland managing director told The Mail reinstating the scheme “could offer a significant boost for the retail sector and the economy as a whole”.
  Brix said the incentive would help to “offset some of the disruption we’re seeing as a result of the weather, cost-of-living and ongoing train strikes”.Subscribe to Re
  
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• H&M investigates Myanmar factory abuses

  16-08-2023 09:00 via retailgazette.co.uk
  
  H&M is investigating dozens of alleged labour abuse cases at its Myanmar garment factories after facing mounting pressure from advocacy groups on the treatment of factory workers.
  The retail giant confirmed to Reuters it was following up on 20 alleged incidents.
  Up to 156 cases of alleged worker abuses in the country’s garment factories were recorded by a UK-based human rights advocacy group from February 2022 to 2023, a sharp increase from the 56 tracked in the year prior.
  The most fr
  
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• Issa brothers offload dozens of US convenience stores to reduce debts

  16-08-2023 08:41 via retailgazette.co.uk
  
  The billionaire owners of Asda and petrol forecourt giant EG Group have sold dozens of convenience stores in the US in a bid to combat its piling debt.
  The Issa brothers said it had offloaded 63 sites in Kentucky and Tennessee to US-listed Casey’s General Stores.
  They said that the new owner is expected to retain the impacted employees at each store, which trade under the Minit Mart and Certified Oil banners.Subscribe to Retail Gazette for free
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• M&S poised for FTSE 100 return as turnaround bears fruit

  16-08-2023 08:31 via retailgazette.co.uk
  
  M&S is set to re-enter the FTSE 100 after its shares soared to a 19-month high following its trading update on Tuesday.
  The retailer revealed it expects to deliver increased profits this year, having originally anticipated a small decline.
  It said its half-year results will “show a significant improvement against previous expectations”.
  M&S shares jumped as much as 9% on Tuesday putting it on course to be promoted into the FTSE 100 index in the next reshuffle, after its marke
  
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• Do retailers need credit insurance – and what happens when it’s pulled?

  16-08-2023 07:33 via retailgazette.co.uk
  
  Credit insurers have been slashing cover for a host of retailers from fashion to grocery in recent months as inflation and dampened consumer spending continue to hit businesses.
  One of those companies was Wilko. The withdrawal of cover last year was a pivotal moment in the value retailer’s demise and rocked its ability to trade.
  With many suppliers demanding payment upfront, the retailer was left with huge gaps on its shelves, which inevitably hit sales and led to many shoppers abandoning
  
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• UYN chooses Cambridge for first UK store

  16-08-2023 02:00 via theretailbulletin.com
  
  Italian sportswear brand UYN has opened its first UK store in Cambridge following its expansion into Germany earlier this year. Situated in the centre of the... View Article
  
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• TRUST ISSUES: Retail crime is much more than a financial issue

  16-08-2023 02:00 via theretailbulletin.com
  
  By Chris Brook-Carter, chief executive of the Retail Trust With Co-op last month revealing that crime, shoplifting and anti-social behaviour has increased by over a third... View Article
  
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• The O2 simplifies brand architecture with ‘Outlet Shopping at The O2’

  16-08-2023 02:00 via theretailbulletin.com
  
  The O2 has changed its outlet shopping brand identity from ‘Icon Outlet at The O2’ to ‘Outlet Shopping at The O2’. Owned and operated by AEG... View Article
  
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• Ella’s Kitchen partner with RSPB to protect the birds, bees, and bugs

  16-08-2023 02:00 via theretailbulletin.com
  
  Ella’s Kitchen and the RSPB have today announced a long-term partnership in response to the global biodiversity crisis. The partnership will see the two organisations join... View Article
  
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• EG Group agrees to sell 63 convenience stores in the US to Casey’s

  16-08-2023 02:00 via theretailbulletin.com
  
  A US subsidiary of EG Group has agreed to sell 63 of its convenience stores to Casey’s General Stores for an undisclosed sum. The move by... View Article
  
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• Boost in sales as gift cards take starring role in combating cost of living crisis

  16-08-2023 02:00 via theretailbulletin.com
  
  Despite the ongoing impact of the cost of living crisis, inflation and rising interest rates, consumers are using more gift cards and vouchers than they did... View Article
  
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• Asda posts surge in sales

  16-08-2023 02:00 via theretailbulletin.com
  
  Asda has posted a 9.6% year-on-year increase in like-for-like sales in its second quarter. Sales were also up on the prior three month period with a... View Article
  
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• Asda launches new food-to-go concept

  16-08-2023 02:00 via theretailbulletin.com
  
  Asda is launching a new food-to-go concept that is designed to drive shoppers into stores. The Asda Food Hub will initially be trialled in the supermarket’s... View Article
  
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• [ WEBINAR ] Mental well-being in the workplace

  16-08-2023 02:00 via theretailbulletin.com
  
  openup offers accessible, 360° mental well-being support via a broad mix of high-quality solutions, designed to remove barriers and build and develop a resilient workforce. Is... View Article
  
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