Retail news

• Greggs: fears of peak sausage roll donut add up

  03-10-2023 16:47
  Most of the baked goods chain’s shops are company-owned, but franchising is giving it an opportunity to grow at low capital cost
  
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• Fenwick sets out renovation plans for Newcastle flagship

  03-10-2023 14:27 via retailgazette.co.uk
  
  Fenwick has unveiled plans to upgrade the façade belonging to its Newcastle flagship, including creating a new central entrance.
  The renovation forms part of the upmarket department store’s £40m investment programme aimed creating the “next generation” store.
  The planning application, which has been submitted to Newcastle city council, includes opening up the ground floor windows, as well constructing a modern new canopy and grand central entrance on Northumberland
  
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• Poundland to open next round of Wilko stores this weekend

  03-10-2023 12:28 via retailgazette.co.uk
  
  Poundland will unveil its next set of stores inside former Wilko outlets this weekend, almost a week after they closed their doors.
  The discount chain will open 10 newly converted shops in Melton Mowbray, Matlock, Chepstow, Nottingham, Worcester, Ellesmere Port, Brigg, Redruth, Ferndown and Pontypool on Saturday (7 October).
  It comes after the retailer agreed to take on 71 of Wilko’s store leases from administrators PwC earlier this month.
  The retailer said the units would be con
  
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• Boohoo slashes profits forecast as consumers cut back

  03-10-2023 11:52
  Fast-fashion retailer warns sales will be lower than expected
  
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• Dr Martens to open 100th EMEA store on Oxford Street

  03-10-2023 11:38 via retailgazette.co.uk
  
  Dr Martens is set to open its 100th EMEA (Europe, Middle Easte and Africa) store on London’s Oxford Street next month.
  The new shop at 184-190 Oxford Street will open its doors on 10 November and will have the second largest trading space on one floor, after its Camden flagship.
  It will be the footwear retailer’s second location along the capital’s busiest shopping road, as it currently occupies a 1,100sq ft unit at 386 Oxford Street.Subscribe to Retail Gazette for free
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• Lloyds Pharmacy owner makes bid for The Body Shop

  03-10-2023 10:35 via retailgazette.co.uk
  
  Lloyds Pharmacy owner Aurelius Group is in the running to buy The Body Shop.
  It joins Waterstones owner Elliott Advisors and private equity firm Epiris in the running to snap up the ethical cosmetics chain, Sky News reported.
  It is unclear whether Alteri Investors, which owns Bensons for Beds, remained in the process.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning The Body Shop’s owner, Brazilian cosmetics giant
  
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• John Lewis’ next chairman could be part-time as Sharon White prepares to exit

  03-10-2023 09:21 via retailgazette.co.uk
  
  John Lewis’s next chairman could be part-time after Dame Sharon White asked the partnership to consider changes to the position as she revealed plans to step down in early 2025.
  According to the Telegraph, it comes amid speculation that candidates could be put off by the high-profile nature of the position, with White facing much scrutiny during her tenure at the retail stalwart.
  Since she outlined her transformation plan back in 2020, she has had a global pandemic and a cost-of-living cri
  
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• John Lewis’ next chairman could be part-time

  03-10-2023 09:21 via retailgazette.co.uk
  
  John Lewis’s next chairman could be part-time after outgoing chair Dame Sharon White asked the partnership to consider changes to the role.
  According to the Telegraph, it comes amid speculation that candidates could be put off by the high-profile nature of the position, with White facing much scrutiny during her tenure at the retail stalwart.
  Since she outlined her transformation plan back in 2020, she has had a global pandemic and a cost-of-living crisis to deal with, while just last mont
  
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• Boohoo axes forecast as consumers cut back

  03-10-2023 09:15
  Fast-fashion retailer warns sales and profits will be lower than expected
  
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• Greggs on track for record shop openings as evening trading bolsters sales

  03-10-2023 08:48 via retailgazette.co.uk
  
  Greggs has posted a 20.8% jump in sales in the third quarter, while like-for-like sales in its own shops increased by 14.2%, bolstered by extended trading hours and increased app usage.
  The bakery retailer said it was still being affected by cost pressures, but that inflation was slowing and the cost-of-living crisis had seen many customers choosing Greggs’ value led products.
  The company has opened 144 new shops and closed 62 shops, giving a total of 2,410 shops trading at 30 September 20
  
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• Boohoo sales slump as it warns on double-digit full-year revenue decline

  03-10-2023 08:34 via retailgazette.co.uk
  
  Boohoo has posted a fall in revenue and profits in the six months to August 31, but says it is working on “improved profitability and getting back to growth” through investments across product, price and proposition.
  The fashion group said its revenue fell 17% to £729.1m for the period and added that slower-than-expected recovery in sales volumes would see revenue for the year to end-February 2024 decline by 12%-17%.
  Profit also declined 16% to £398.2m.
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• Food prices fall for first time in two years as grocers compete

  03-10-2023 08:08 via retailgazette.co.uk
  
  Food prices have fallen for the first time in more than two years driven by intense competition between supermarkets to bring down shopping bills.
  According to data from the British Retail Consortium (BRC), grocery prices were down 0.1% month-on-month in September.
  However, prices were still 9.9% higher than in September last year, though the rate of year-on-year inflation was slower than the 11.5% rise seen in August.Subscribe to Retail Gazette for free
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• Zara doubles up at Gateshead’s Metrocentre

  03-10-2023 02:00 via theretailbulletin.com
  
  Fashion brand Zara has returned to the North East following a major store refurbishment at its expanded Metrocentre store. Now spanning 42,000 square, the shop is... View Article
  
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• Victoria Plum sold to AHK Designs

  03-10-2023 02:00 via theretailbulletin.com
  
  Online bathroom retailer Victoria Plum has been sold by private equity firm Endless as part of a pre-pack administration deal. The retailer has been acquired by... View Article
  
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• Townhouse acquires London Grace nail salons

  03-10-2023 02:00 via theretailbulletin.com
  
  Townhouse has announced further expansion with the acquisition of 10-strong nail salon group London Grace. London Grace has a strong presence across the capital, with 10... View Article
  
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• Oak Furnitureland launches ‘Grow Your Home’ campaign

  03-10-2023 02:00 via theretailbulletin.com
  
  Furniture retailer Oak Furnitureland has unveiled a new brand platform and campaign to highlight its expansion across new products and categories that serve the whole home.... View Article
  
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• NBA and Decathlon announce multiyear partnership expansion

  03-10-2023 02:00 via theretailbulletin.com
  
  DECATHLON, one of the world’s largest sporting goods retailers, and the National Basketball Association (NBA) today announced a multiyear expansion of their existing merchandising partnership that... View Article
  
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• Footfall expected to decline year-on-year in run-up to Christmas

  03-10-2023 02:00 via theretailbulletin.com
  
  Retailers have been warned to expect a challenging run-up to the festive season with footfall predicted to decline year-on-year. According to MRI Software (formerly Springboard), the... View Article
  
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• Dr. Martens chooses London for 100th EMEA store

  03-10-2023 02:00 via theretailbulletin.com
  
  Dr. Martens has chosen London’s West End for the opening of its 100th EMEA store. The footwear brand said the new location in a heavy footfall... View Article
  
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• [ REPORT ] UK retail rewards programmes influence £17.4 billion in consumer spending

  03-10-2023 02:00 via theretailbulletin.com
  
  New report ‘The Constrained Consumer’ by Webloyalty and Cebr is released today, the findings examine the pressures faced by senior retail decision makers and consumers –... View Article
  
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• UK retail inflation falls to lowest level in a year

  03-10-2023 01:01
  Shop prices rose at an annual rate of 6.2% in September, down from 6.9% in August
  
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• UK food prices fall in September for first time in two years, figures show

  03-10-2023 01:01
  
  Average food basket down by 0.1% amid fierce supermarket competition, says the British Retail ConsortiumFood prices dropped in the UK in September for the first month in almost two years, according to retail industry figures, offering consumers some respite amid the cost of living crisis.The British Retail Consortium (BRC) said price reductions for dairy, margarine, fish and vegetables and fierce supermarket competition helped to bring down the cost of an average food basket by 0.1% compared wit
  
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