Retail news

• Aldi vs Lidl: Who will win the battle of the discounters?

  05-10-2023 22:46 via retailgazette.co.uk
  
  With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters.
  Aldi recently revealed its profits had tripled in the 12 months to December 2022, and that it planned to invest £1.4bn in its expansion spree across the UK over the next two years.
  By contrast, rival discounter Lidl unveiled a £76m annual loss earlier this month, however sales soared 19%.
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• Frasers Group submits plans for new HQ

  05-10-2023 17:17 via retailgazette.co.uk
  
  Frasers Group has submitted a planning application to set up a new global HQ at Ansty in Rugby, Warwickshire.
  The move will help to bolster its elevation strategy and support its growth ambitions, the retail group said.
  The campus is set to include a logistics space, offices, R&D retail, a hotel and leisure facilities, such as a gym and bookable courts, Business Live reported.
  If approved, the global headquarters is expected to create 7,500 jobs and inject more than £300m to the a
  
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• UK retailers urge ministers to align with EU on new ‘deforestation-free’ rules

  05-10-2023 16:29
  Leading supermarkets call on government to speed up legislation or put exports at risk
  
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• Sainsbury’s doubles in-store screens to boost media reach

  05-10-2023 12:32 via retailgazette.co.uk
  
  Sainsbury’s will be doubling the number of in-store screens to provide the largest connected digital supermarket screen network.
  The grocer’s partnership with Nectar 360 and Clear Channel will place its own channel ‘Sainsbury’s Live’ in front of customers, where it can tailor campaigns on display with location, weather, events and competitions.
  The retailer said the expansion would mean its screen network surpasses that of rival Tesco.Subscribe to Retail Gazette for
  
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• Supermarket chain Casino seals cash injection from group led by Daniel Křetínský

  05-10-2023 09:52
  Binding agreement builds on terms of deal struck in July
  
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• Casino seals cash injection from group led by Daniel Křetínský

  05-10-2023 09:52
  French supermarket company reaches binding agreement that builds on terms of deal struck in July
  
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• Data: Co-op, Boots and JD Sports named most resilient retail brands

  05-10-2023 09:46 via retailgazette.co.uk
  
  New brand ranking research from Kantar has shown that Co-op, Boots and JD Sports are the most resilient retail brands, outperforming the wider UK category which saw a combined valuation decline of 17%.
  According to the latest Kantar BrandZ Most Valuable UK Brands 2023 report, the Co-op brand is now worth $1.8bn, down slightly by 2% on last year, with the retailer climbing four places to number 37.
  While Boots gained five places with a valuation of $1.2bn as JD Sports’ brand valuation dippe
  
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• Who could replace Sharon White as the next John Lewis Partnership chair?

  05-10-2023 09:30 via retailgazette.co.uk
  
  The search for the next chair of John Lewis Partnership is underway after current incumbent Sharon White revealed she would be stepping down at the end of her five-year term.
  White, who will become the retailer’s shortest running chair when she leaves, has not had the easiest of runs with a global pandemic and a cost-of-living crisis to contend with.
  However, she has faced fierce criticism around her turnaround plan, which includes a focus on non-retail activities such as house building.
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• Footfall to decline ahead of Christmas with high streets bracing for the worst

  05-10-2023 09:26 via retailgazette.co.uk
  
  Retail footfall is expected to drop month-to-month from September to November, as households continue to feel cost-of-living pressures.
  Data from MRI Software revealed it will likely be a difficult Christmas for retailers as Brits tighten their belts in response to growing costs including rising interest rates and inflation.
  The greatest monthly loss in foot traffic since January 2023 is predicted to be 3.2% for all UK retail destinations in September.Subscribe to Retail Gazette for free
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• On running targets double net sales by 2026

  05-10-2023 09:10 via retailgazette.co.uk
  
  Running retailer On targeting double net sales between 2023 and 2026 to at least £3.19bn, representing compound annual growth rate of over 26% as it looks to accelerate growth.
  The footwear company also expects to exceed 60% gross profit margin by 2026 and reach an apparel share of 10% or more.
  The bullish forecast comes two years after the Switzerland-based company, which opened its first UK flagship at the start of the year, went public.Subscribe to Retail Gazette for free
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• Footwear retailer On targets double net sales by 2026

  05-10-2023 09:10 via retailgazette.co.uk
  
  Running retailer On is aiming for double net sales between 2023 and 2026 as it looks to accelerate growth.
  This would represent compound annual growth rate of over 26% to at least £3.19bn.
  The footwear company also expects to exceed 60% gross profit margin by 2026 and reach an apparel share of 10% or more.
  The bullish forecast comes two years after the Switzerland-based company, which opened its first UK flagship at the start of the year, went public.Subscribe to Retail Gazette for fr
  
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• In pictures: Inside Hoka’s first UK store in Covent Garden

  05-10-2023 08:40 via retailgazette.co.uk
  
  Hoka has opened the doors to its first European store in Covent Garden, London at 2-3 James Street.
  The French running and activewear brand’s 1750 sq. ft flagship store houses the full line of footwear, apparel, and accessories under one roof for the first time.Dubbed a “community-fuelled space” the store unveils the brand’s new design concept for the first time, blending modern design with natural elements, that embody the brand’s heritage.
  The stores interior also
  
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• Waitrose and Saatchi & Saatchi launch their first advertising campaign

  05-10-2023 02:00 via theretailbulletin.com
  
  Waitrose has launched its first campaign with Saatchi & Saatchi. The new relationship is being kick-started with a marketing campaign for the supermarket’s recently launched Japan... View Article
  
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• Victorian Plumbing’s growth boosted by shift to own-brand range

  05-10-2023 02:00 via theretailbulletin.com
  
  Victorian Plumbing has seen an improvement in both sales and profit in the year to 30 September. In a full-year trading update, the specialist bathroom retailer... View Article
  
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• The Perfume Shop to open in Sheffield

  05-10-2023 02:00 via theretailbulletin.com
  
  The Perfume Shop will opens the doors to another new and improved experiential store at Meadowhall Centre, Sheffield on Friday 6th October 2023. The new store... View Article
  
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• Superdrug unveils new menopause skincare range

  05-10-2023 02:00 via theretailbulletin.com
  
  Superdrug has introduced a new skincare range aimed at women going through the menopause. The launch of B. Menopause from the award-winning B. Skincare brand follows... View Article
  
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• Q&A – Gary Whittemore, Head of Sales – EMEA & APAC, RetailNext

  05-10-2023 02:00 via theretailbulletin.com
  
  RetailNext co-chairs the Retail Think Tank’s (RTT) Retail Health Index (RHI), and in our latest quarterly report we expect that this inflationary-driven downturn could take the... View Article
  
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• Hoka chooses London for first store in EMEA

  05-10-2023 02:00 via theretailbulletin.com
  
  Hoka, the performance footwear and apparel brand, has chosen London’s Covent Garden for the opening of its first retail location in its EMEA region. Situated at... View Article
  
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• Hammerson welcomes Lane7 to Bullring & Grand Central

  05-10-2023 02:00 via theretailbulletin.com
  
  Hammerson has announced that boutique bowling concept, Lane7, has officially opened its largest-ever location at Bullring & Grand Central. This addition reflects Hammerson’s strategic focus on... View Article
  
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• Comment: Training will ensure AI doesn’t kill retail jobs

  05-10-2023 02:00 via theretailbulletin.com
  
  There’s a great cartoon of a group of Daleks admitting defeat in their objective of conquering the universe because they are unable to navigate a simple... View Article
  
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