Retail news

• Lifestyle brand FatFace to be taken over by Next, says report

  11-10-2023 16:11
  
  FTSE 100 fashion chain has been buying up rivals since pandemic and could reach deal by end of weekThe clothing brand FatFace is set to become the latest high street fashion retailer to be taken over by Next in a deal thought to be worth more than £100m.FatFace, which sells clothes, footwear and accessories, is expected to be bought by the FTSE 100 high street fashion chain, and a deal could be announced by the end of the week, according to Sky News, which first reported it. Continue readi
  
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• Lifestyle brand FatFace set to be taken over by Next

  11-10-2023 16:11
  
  FTSE 100 fashion chain has been buying up rivals since pandemic and could reach deal by end of weekThe clothing brand FatFace is poised to become the latest high street fashion retailer to be taken over by Next, in a deal thought to be worth more than £100m.FatFace, which sells clothes, footwear and accessories, is expected to be bought by the FTSE 100 high street fashion chain and a deal could be announced by the end of the week, according to Sky News, which first reported on the matter.
  
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• Amazon promotes private label food range with first advertising campaign

  11-10-2023 15:14 via retailgazette.co.uk
  
  Amazon has unveiled its first marketing campaign to promote its byAmazon private label food range.
  Running until 29 October, the online giant’s adverts highlight the expansion of the range since its initial launch in 2021 – at the same time that Amazon opened its first Fresh store in the UK.The campaign also features the new tag line, ‘Food too, who knew?’ which looks to make shoppers aware of the selection of own-brand groceries available in its stores, using smile-shape
  
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• Next closes in on £100m FatFace takeover deal

  11-10-2023 13:29 via retailgazette.co.uk
  
  Next is understood to be close to securing a £100m takeover deal for FatFace.
  According to Sky News, the high street giant is understood to be finalising the terms to acquire the fashion retailer, just three years after it was taken over by its lenders.
  It said the deal could be announced later this week.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning Fatface’s owners are understood to have hired advisors R
  
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• Lush faces backlash for “boycott Israel” sign in Dublin store

  11-10-2023 13:29 via retailgazette.co.uk
  
  Lush has been criticised by shoppers after a “boycott Israel” sign was seen hanging on the window of one of its Dublin shops.
  The cosmetics company suggested one of its staff members was responsible for the message at the Henry Street store.
  Social media users expressed both outrage and support for the image, with some calling for a boycott of the retailer after a photo of the message was shared of X, formerly known as Twitter.
  The retailer has not responded to enquiries on whether t
  
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• M&S slashes prices on 200 products under trusted value promise

  11-10-2023 12:20 via retailgazette.co.uk
  
  M&S Food has announced price cuts on more than 200 products under its trusted value promise to shoppers.
  The supermarket has slashed prices by an average of 11% on products including its DNA traceable British beef mince (£4.25), responsibly sourced tuna steaks (£5.50), and Chunky Vegetable soup (£1.10).
  M&S Food managing director Alex Freudmann said: “While we continue to deliver industry leading quality, it’s important we don’t lose sight of what
  
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• Spooky Night: The Spirit of Halloween review – off-the-shelf family horror

  11-10-2023 12:00
  
  Designed to burnish a US retail chain’s brand, this tame entertainment won’t scare children too much, but it should bother the rest of usWhen is a Spirit Halloween store branding exercise not a Spirit Halloween store branding exercise? When it’s a film released in the UK, where Spirit Halloween stores just aren’t a thing. In the US (where this film was titled Spirit Halloween: The Movie), consumers are blessed with more than 1,500 of them, and this pre-teen Halloween yarn
  
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• Asda cuts prices on over 200 branded and own-label products

  11-10-2023 10:53 via retailgazette.co.uk
  
  Asda has cut the price of more than 200 products as part of a £9m investment to support customers with the ongoing cost-of-living crisis.
  The supermarket has lowered the price on 232 branded and own-label products by an average of 14%.
  The latest round of price cuts on food essentials follows a £35m investment during July and August to lower the cost of over 600 products.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox e
  
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• LVMH hit by growth slowdown amid fall in demand for high-end drinks

  11-10-2023 10:23
  
  Rising inflation and global instability also blamed for drop in revenue growth in third quarterRising inflation, growing global instability and falling demand for high-end drinks have been blamed for a slowdown in growth at the luxury goods multinational LVMH, owner of Christian Dior, Louis Vuitton and Moët & Chandon.The group, whose brands also include Stella McCartney, Tag Heuer watches and Bulgari and Tiffany jewellery, reported revenue of €20bn (£17.25bn) between July and
  
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• Asos reshuffles product team as two senior directors step down

  11-10-2023 09:49 via retailgazette.co.uk
  
  Two Asos directors have stepped down as the fashion retailer reshuffles its product team amid its ongoing turnaround programme.
  Menswear product director Stefan Pesticcio will exit the business at the end of the year after 17 years, while brands director James Barron will leave at the end of this month, Retail Week reported.
  The retailer said it had not yet appointed successors for Pesticcio or Barron but that it is looking internally.
  Sportswear and outdoors director Tim Phipps will manage the
  
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• BRC backs Labour’s stand on shoplifting to ditch £200 rule

  11-10-2023 09:19 via retailgazette.co.uk
  
  The British Retail Consortium (BRC) has welcomed Labour’s recent stance on retail crime, where it pledged to investigate all shoplifting cases no matter the size.
  Speaking at the Labour Party conference yesterday, shadow home secretary Yvette Cooper claimed the party would ditch the £200 rule on shoplifting to clamp down on crime.
  In 2014, a law change was introduced meaning anyone charged with the theft of items under £200 did not need to attend court.
  Cooper said: “We w
  
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• Selfridges narrows losses as sales rebound

  11-10-2023 08:57 via retailgazette.co.uk
  
  Selfridges narrowed its losses last year  thanks to a rebound in sales returning to near pre-pandemic levels.
  The department store retailer posted an operating profit of £38.9m for the 12 months to January 2023, down from a £38.1m loss the year before, according to accounts filed on Companies House.
  However, when taking into account a surge in debt interest costs, the retailer lost £38m for the year, down from the £83.9m loss.
  Selfridges said it was hit by risin
  
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• Travis Perkins lowers full year adjusted operating profit guidance

  11-10-2023 02:00 via theretailbulletin.com
  
  Travis Perkins has seen a decline in both revenue and like-for-like sales after trade was impacted by an ongoing slowdown in new build housing and domestic... View Article
  
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• THG partner with Tech She Can to encourage female representation

  11-10-2023 02:00 via theretailbulletin.com
  
  Global D2C tech platform THG has joined forces with charity Tech She Can, in a two-year partnership to help tackle the gender divide in the UK’s... View Article
  
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• Selfridges narrows losses after sales boost

  11-10-2023 02:00 via theretailbulletin.com
  
  Selfridges has seen its full year losses narrow after revenue grew by 29% £843.7 million year-on-year. In the 52 weeks to 28 January 2023, the department... View Article
  
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• Selfridges’ losses narrow after sales boost

  11-10-2023 02:00 via theretailbulletin.com
  
  Selfridges has seen its full year losses narrow after revenue grew by 29% £843.7 million year-on-year. In the 52 weeks to 28 January 2023, the department... View Article
  
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• Pragnell unveils new workshops and showroom in Leicester

  11-10-2023 02:00 via theretailbulletin.com
  
  British jeweller Pragnell has opened a new showroom and state-of-the-art watch and jewellery workshops in Leicester. Situated over two floors, the store space showcases the brand’s... View Article
  
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• Nisa announces new leadership positions

  11-10-2023 02:00 via theretailbulletin.com
  
  Nisa has appointed Kim Clarkson to its senior leadership team in her new role as head of partner services. Reporting to Nisa managing director Peter Batt,... View Article
  
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• M&S Food cuts prices of over 200 products

  11-10-2023 02:00 via theretailbulletin.com
  
  M&S Food is cutting the prices of over 200 products by an average of 11% as part of its promise to deliver “trusted value”. Examples of... View Article
  
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• Boots announces Boots Beauty Award winners

  11-10-2023 02:00 via theretailbulletin.com
  
  Boots has revealed the winners of its second annual Boots Beauty Awards. The results followed the brand’s beauty-loving consumers casting over 151,000 votes for their favourite... View Article
  
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• AO is making sport accessible for almost half a million kids

  11-10-2023 02:00 via theretailbulletin.com
  
  Major electricals retailer AO has announced further investment in growing its brand through commercial sponsorships which also includes funding grassroots team sports for young people. Over... View Article
  
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• [ WEBINAR ] Predictions, Personas and Personalisation – Tomorrow!

  11-10-2023 02:00 via theretailbulletin.com
  
  Transform your customer lifecycle with predictive analytics! The use of predictive analytics is becoming a marketer’s secret weapon. Those marketers are working smarter, not harder… Being... View Article
  
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• [ WEBINAR ] Predictions, Personas and Personalisation – TODAY@11am

  11-10-2023 02:00 via theretailbulletin.com
  
  Transform your customer lifecycle with predictive analytics! The use of predictive analytics is becoming a marketer’s secret weapon. Those marketers are working smarter, not harder… Being... View Article
  
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• [ WEBINAR ] Predictions, Personas and Personalisation – Thursday Oct 12

  11-10-2023 02:00 via theretailbulletin.com
  
  Transform your customer lifecycle with predictive analytics! The use of predictive analytics is becoming a marketer’s secret weapon. Those marketers are working smarter, not harder… Being... View Article
  
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• [ WEBINAR ] How AI can completely transform your customer experience – TODAY@11am

  11-10-2023 02:00 via theretailbulletin.com
  
  Transform your customer lifecycle with predictive analytics! The use of predictive analytics is becoming a marketer’s secret weapon. Those marketers are working smarter, not harder… Being... View Article
  
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