Retail news

• Klaviyo: marketing appetite for IPOs

  18-09-2023 19:39 via ft.com
  Boston-based start-up could offer a gauge of investorappetite for new stock issues
  
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• Shein’s UK business hits £1bn in sales

  18-09-2023 17:56 via retailgazette.co.uk
  
  Shein’s UK business raked in more than £1bn in sales last year as the retailer continues its expansion across the region.
  The fast fashion retail giant posted a pre-tax profit of £12.2m in the 16 months to 31 December 2022, as revenue topped £1.1bn, according to documents filed on Companies House.
  Shein marked several significant milestones during the period, including its collaboration with music artists Stefflon Don and three pop-up shops in London.Subscribe to Retail G
  
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• Australian supermarkets should use ‘shrinkflation’ labels to warn shoppers and shame brands, advocate says

  18-09-2023 17:00
  
  Ian Jarratt says consumers could make better choices if downsized products were easily spotted, like at French chain CarrefourGet our morning and afternoon news emails, free app or daily news podcastAustralian supermarkets should follow the lead of French giant Carrefour and shame brands by alerting shoppers when a packaged food product has reduced in size, a leading consumer group says.Known as “shrinkflation”, food companies have been cutting the size of their products but not the
  
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• Tim Hortons unveils new franchise model to fuel UK expansion

  18-09-2023 12:00 via retailgazette.co.uk
  
  Canadian restaurant chain Tim Hortons has announced the launch of a new franchise model in the UK.
  The coffeehouse is planning significant expansion of its UK estate and called its franchise model a “core pillar of growth”.
  The franchise model will help the brand increase its current portfolio of 75 UK restaurants by launching in new towns and cities nationwide.
  The move comes after the business spent five years carrying out a test and learn phase, as it aims to open both d
  
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• THG gets net-zero targets validated by official body

  18-09-2023 10:56 via retailgazette.co.uk
  
  THG has had its net-zero science-based targets validated by the official target-setting body.
  The Science Based Targets initiative (SBTi) – the gold standard for setting and monitoring corporate climate targets – has approved the group’s target to reduce its greenhouse gas emissions across its own operations by 97.7% by 2040, and across the wider supply chain by 90% within the same timeframe.
  THG has also committed to achieving science-based targets for 85% of its supplier spen
  
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• JD Williams launches premium clothing collection for midlife women

  18-09-2023 10:19 via retailgazette.co.uk
  
  JD Williams has unveiled a new premium clothing collection designed for midlife women, called Anthology.
  The offering, which is available online from this month, features a selection of wardrobe staples for the autumn and winter seasons.
  The clothes range in sizing from 8 to 32 and are priced between £35 to £185.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning The collection is designed to enable “soph
  
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• Fenwick unveils first ever ad campaign

  18-09-2023 10:17 via retailgazette.co.uk
  
  Fenwick has debuted its first ad campaign across the UK today as it looks to evolve the 140-year-old brand.
  The upmarket department store has partnered with brand strategy consultancy At Large on the campaign inspired by the recent trend of quiet luxury.
  The retailer’s adverts include slogans of ‘Quiet no more’ and ‘Give them something to talk about’ against the backdrop of images shot by photographers Estevez + Belloso and Ana Paganini.
  These have been placed on bi
  
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• Wilko collapse takes retail job losses to 100,000 since 2020

  18-09-2023 08:41 via retailgazette.co.uk
  
  The 12,500 jobs at risk from Wilko’s collapse is set to take the number of job losses on the high street to more than 100,000 since 2020, according to new figures from the Centre for Retail Research.
  The data shows that there have been more than 17,000 job losses at large and medium-sized retailers this year so far, including some already made at the collapsed value retailer.
  However, the bulk of Wilko staff are not yet counted in that total, according to This Is Money.
  The 17,000 jobs in
  
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• Frasers boss: Business rates are now equal to rents

  18-09-2023 08:07 via retailgazette.co.uk
  
  Frasers Group boss Michael Murray has called for urgent reform of business rates, which he claims are now equal to the amount retailers spend on rents.
  Murray said that retailers used to plan for rates to be around half the rent they pay on properties but they are now around the same level.
  “It makes it almost unviable. You’re almost paying rent twice,” he told lifestyle magazine, The Gentleman’s Journal podcast.
  “Historically, when there was no online, rents were a
  
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• Kering bets on Gucci shake-up to revive fortunes

  18-09-2023 06:00 via ft.com
  French luxury group hopes beauty push and refresh of biggest brand will help it catch up with rivals LVMH and Hermès
  
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• Panerai and Ernest Jones bring luxury watchmaking to Leeds

  18-09-2023 02:00 via theretailbulletin.com
  
  In an exciting collaboration, renowned luxury watchmaker Panerai has opened its very first boutique in Leeds, joining forces with the prestigious Ernest Jones. This new partnership... View Article
  
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• Nordstrom announces executive leadership appointments

  18-09-2023 02:00 via theretailbulletin.com
  
  Nordstrom has made a series of executive leadership appointments across its merchandising and store operations. Jamie Nordstrom has been appointed chief merchandising officer after previously serving... View Article
  
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• Lululemon adds to its board of directors

  18-09-2023 02:00 via theretailbulletin.com
  
  Lululemon has appointed Shane Grant to serve on its board of directors, with effect from 1 November. Grant has been working with global food and beverage... View Article
  
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• Lucy & Yak to open first store in Wales

  18-09-2023 02:00 via theretailbulletin.com
  
  Lucy & Yak is expanding its store estate with the opening of a new shop in Cardiff this month. Due to launch on 30 September, the... View Article
  
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• JD Williams launches premium collection

  18-09-2023 02:00 via theretailbulletin.com
  
  JD Williams has introduced a new premium range as part of its offering aimed at mid-life women. Named Anthology, the collection features a selection of staple... View Article
  
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• [Comment] Chick-fil-A Emphasises the Importance of Diversity and Inclusion in Retail

  18-09-2023 02:00 via theretailbulletin.com
  
  A specialist lawyer at Irwin Mitchell has reiterated the significance of prioritising diversity and inclusion in the world of retail. This message comes as American fast-food... View Article
  
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• Celebrate excellence and share your views on Diversity & Inclusion

  18-09-2023 02:00 via theretailbulletin.com
  
  Here at TRB HQ, we’re all getting ready to join the retail community in celebrating excellence and yes, we’re very excited, but this is just one... View Article
  
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• Body Proud’s ‘Smooth Talk’ Campaign aims to protect Gen Z from catfishing

  18-09-2023 02:00 via theretailbulletin.com
  
  Body Proud proudly launches Don’t Fall for the Smooth Talk campaign to raise awareness of catfishing and safe online dating for Gen Z this cuffing season.... View Article
  
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• Exclusive: Sainsbury’s launches range that revolutionises how beef is produced

  18-09-2023 01:02 via retailgazette.co.uk
  
  Sainsbury’s is launching a new Taste the Difference Aberdeen Angus range which looks to revolutionise how beef is produced in the UK.
  The reinvigorated range, which has been in development for ten years and in production for five, will offer a 25% lower carbon footprint compared to industry standard – making it the largest low carbon beef range ever produced in the UK.
  Launching in over 60 stores from today (18 September) and rolling out nationwide at a later date, the range will ini
  
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• Exclusive: Sainsbury’s launches new beef range with 25% lower carbon footprint

  18-09-2023 01:02 via retailgazette.co.uk
  
  Sainsbury’s is launching a new Taste the Difference Aberdeen Angus range which looks to revolutionise how beef is produced in the UK.
  The reinvigorated range, which has been in development for ten years and in production for five, will offer a 25% lower carbon footprint compared to industry standard – making it the largest low carbon beef range ever produced in the UK.
  Launching in over 60 stores from today (18 September) and rolling out nationwide at a later date, the range will ini
  
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• In pictures: Frasers Group rolls out upmarket Frasers format to Norwich

  18-09-2023 01:01 via retailgazette.co.uk
  
  Frasers Group has opened the doors to its latest Frasers department store in Norwich over the weekend as it continues to roll out the upmarket format.
  The 100,000 sq ft department store in Chantry Place spans three levels and includes a Sports Direct, USC, Evans Cycles, Game and Belong on the upper floors.The Frasers format was first introduced in Wolverhampton back in 2021 and has since been rolled out to eight more locations including Derby, Newbridge and Cork in Ireland.
  Mike Ashley’s r
  
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