Retail news

• Miniso to open Oxford Street flagship amid rapid UK expansion

  12-10-2023 16:46 via retailgazette.co.uk
  Miniso has signed a five-year lease to its new 3,200 ft flagship store on 100 Oxford street.
  The opening comes as the Chinese giant, which has around 5,791 stores in over 100 countries, presses on with its a rapid expansion across the UK with several more stores set to open later this year to cater to its strong cult following.
  Last month the retailer unveiled its smallest ever concept store in the UK on Shaftesbury Avenue in London’s Chinatown.Subscribe to Retail Gazette for free
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• Boots sales soar bolstered by demand for skincare and luxury beauty

  12-10-2023 16:35 via retailgazette.co.uk
  
  Boots saw its sales jump in Q4, with skin care and premium beauty products the standout performers for the period.
  The health and beauty giant reported a 12% rise in sales for the three months to 31 August, contributing to a 12.5% increase in revenue for the full year.
  The results marked the retailer’s tenth consecutive quarter of market share growth.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning Sales of skin c
  
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• Wilko relaunches website under new owner The Range

  12-10-2023 16:04 via retailgazette.co.uk
  
  Wilko’s new owner The Range has relaunched the brand’s website after buying it out of administration last month.
  The discount retailer has recommenced trading on thousands of product lines across the home and garden, with hundreds of new lines and own brands to be added to the site daily.
  The Range snapped up Wilko’s brand, website and intellectual property in September after the retailer was forced to call in administrators.Subscribe to Retail Gazette for free
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• Preparing for Peak – 5 Steps for Protecting Supply Chain Performance

  12-10-2023 16:03 via retailgazette.co.uk
  
  1) Optimise inbound and outbound
  We’re seeing a growing trend of retailers prioritising a review of their warehousing and fulfilment. They are honing-in on these areas to find supply chain efficiencies that help offset rising costs and minimise margin dilution. ASC research last year found that just over a third (35%) of retailers were focusing on fulfilment, with this increasing to half (50%) this year. The focus on warehousing shifted from 50% in 2022 to 57% this year.
  Optimisation of wa
  
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• Ikea’s full-year sales rise as more customers shop for the home

  12-10-2023 14:00 via retailgazette.co.uk
  
  Ikea UK sales have jumped 11.9% to £2.46bn in its 2023 financial year, boosted by more customers shopping for the home amid the ongoing cost-of-living crisis.
  Tolga Öncü, retail manager at Ikea operator Ingka Group told Retail Gazette that shoppers were purchasing more practical homeware products.
  “Storage across the home has been really a high performing category as well as our bedroom, children’s, cooking and eating ranges.”
  Sales of its Pax and Komplement war
  
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• M&S launches first standalone menswear campaign in eight years

  12-10-2023 13:18 via retailgazette.co.uk
  
  M&S has unveiled its first dedicated menswear campaign since 2015, dubbed  ‘Anything but Ordinary’, marking a significant milestone for the category.
  Shot in Manchester at the iconic Salford Lads’ & Girls’ Club the campaign is supported by a full marketing plan which includes targeted video on demand, OOH, paid digital & social, influencer partnerships as well as owned channel takeovers across social, website, app, and stores.
  As the retail titan continue
  
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• Ikea returns to cutting furniture prices as inflation pressure eases

  12-10-2023 13:00 via ft.com
  Flat-pack retailer had been forced to go against its practice of lowering prices over time during pandemic
  
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• Søstrene Grene to open first central London store amid UK expansion

  12-10-2023 11:28 via retailgazette.co.uk
  
  Danish retail chain Søstrene Grene is set to open its first central London store later this year.
  The family-owned homeware brand has signed a lease for the former Planet Organic 5000sq ft unit on Tottenham Court Walk.
  The business, which offers responsibly-sourced Scandinavian inspired home accessories, is understood to be eyeing a December opening.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning It will be the
  
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• Søstrene Grene to open first central London store

  12-10-2023 11:28 via retailgazette.co.uk
  
  Danish retail chain Søstrene Grene is set to open its first central London store later this year.
  The family-owned homeware brand has signed a lease for the former Planet Organic 5000sq ft unit on Tottenham Court Walk.
  The business, which offers responsibly-sourced Scandinavian inspired home accessories, is understood to be eyeing a December opening.Subscribe to Retail Gazette for free
  Sign up here to get the latest news straight into your inbox each morning It will be the
  
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• Poundland owner Pepco delivers record sales growth

  12-10-2023 11:27 via retailgazette.co.uk
  
  Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
  The Poundland owner saw group revenue rise by 17.7% to a record £4,876m on a constant currency basis for the year ending September 30, 2023, driven by Pepco growth of 24.8% and Poundland growth of 8.4%.
  While the group’s fourth quarter revenue rose by 12.5% year-on-year, group like-for-like revenues in the period were flat, but up 6% in the full year.
  How
  
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• Birkenstock shares drop in US market debut, following Barbie success

  12-10-2023 10:17 via retailgazette.co.uk
  
  Birkenstock saw its shares drop on their US market debut, following a buzz around the brand after the Barbie movie release.
  The shoe company’s Initial Public Offering (IPO) saw shares fall 11% below their $46 per share offer price. However, the brand still had a valuation over $8bn.
  The business experienced a boost in sales in the summer, when actress Margot Robbie was seen wearing a pair of the shoes in the Barbie film.Subscribe to Retail Gazette for free
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• Birkenstock shares drop in US market debut despite Barbie success

  12-10-2023 10:17 via retailgazette.co.uk
  
  Birkenstock’s shares dropped in its US market debut despite shooting to popularity following the Barbie movie release.
  The shoe company’s initial public offering (IPO) saw shares fall 11% below their $46 per share offer price, valuing the brand at $8.3bn.
  Birkenstock chief executive Oliver Reichert said: “We are excited to embark on this new chapter as a public company and look forward to empowering even more people to walk the way nature intended.
  “With our her
  
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• Arc’teryx to ‘significantly upsize’ with new Covent Garden flagship

  12-10-2023 10:08 via retailgazette.co.uk
  
  Arc’teryx will be significantly upsizing to a new flagship store at 42 King Street in Covent Garden.
  The Canadian high performance outdoor apparel and accessories retailer will be opening a new anchor 8,000 sq ft space at 42 King Street early next year, marking a 400% increase in its retail footprint within Covent Garden.
  Sitting adjacent to brands such as Glossier, Apple, Aēsop, the store will house the its full range of technical gear, footwear, and accessories for a variety of outd
  
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• N Brown sinks into the red as sales hit by unseasonable weather

  12-10-2023 09:44 via retailgazette.co.uk
  
  N Brown has swung to a half year loss blaming challenging market conditions and unseasonable weather.
  The JD Williams, Simply Be and Jacamo owner reported a loss before tax of £4.1m for the 26 weeks to 2 September 2023, compared to a profit of £7.2m in the previous half year.
  Sales fell 10% to £297m, which it attributed to the challenging market conditions including weather through spring and July to August.
  Product revenue was also down 11.2% to £187.5m, which it at
  
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• Hotel Chocolat slips into the red as sales fall 10%

  12-10-2023 09:24 via retailgazette.co.uk
  
  Hotel Chocolat has swung to a loss, citing lower online and international sales as it pivots the business for its “next stage of growth”.
  The chocolatier fell from a pre-tax profit of £21.7m to a loss of £800,000 in the 53 weeks to 2 July 2023.
  This included £1.6m of restructuring costs and a £3.5m impairment of the estate in St Lucia due to the decline in the value of the Rabot Estate as tourism has not fully recovered from the impacts of the pandemic.
  Sales
  
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• Luxury groups bid farewell to the ‘roaring’ pandemic years

  12-10-2023 06:00 via ft.com
  Slowing sales at bellwether LVMH signal a retreat among aspirational buyers in the US and Europe
  
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• Wagamama owner to be taken private by Apollo in £700m deal

  12-10-2023 02:00 via theretailbulletin.com
  
  Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.... View Article
  
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• Seamless Subscriptions: The Account Updater Advantage

  12-10-2023 02:00 via theretailbulletin.com
  
  Discover more about Account Updater for smooth, reliable transactions amid the subscription market’s growth. Account Updater provides a seamless solution to maintain accurate customer card data,... View Article
  
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• Q&A: Keith Gait at The Customer Experience Foundation (CXFO) dated 11th October 2023

  12-10-2023 02:00 via theretailbulletin.com
  
  The Customer Experience Foundation (CXFO) is the only CX and Contact Centre industry association offering information, advice, and support accessible to all.  Keith Gait MBA CCXP,... View Article
  
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• Q&A: Keith Gait at The Customer Experience Foundation (CXFO)

  12-10-2023 02:00 via theretailbulletin.com
  
  The Customer Experience Foundation (CXFO) is the only CX and Contact Centre industry association offering information, advice, and support accessible to all.  Keith Gait MBA CCXP,... View Article
  
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• Primark continues US expansion with new stores in New York and North Carolina

  12-10-2023 02:00 via theretailbulletin.com
  
  Primark is continuing its US expansion with the opening of new stores at Smith Haven Mall in Lake Grove, New York, and Concord Mills in Charlotte, North... View Article
  
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• PIM + DAM: Tell product stories that matter

  12-10-2023 02:00 via theretailbulletin.com
  
  Are you struggling to meet the growing demands of commerce with your current digital content strategy? Discover inriver’s latest e-book: PIM+DAM: Tell product stories that matter, to... View Article
  
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• Pepco Group delivers record sales growth

  12-10-2023 02:00 via theretailbulletin.com
  
  Poundland owner Pepco Group has seen its full year revenue increase by 17.7% to a record €5,649m on a constant currency basis despite a “mixed” performance... View Article
  
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• Next set to acquire FatFace fashion brand

  12-10-2023 02:00 via theretailbulletin.com
  
  Next is understood to be closing in on a deal to acquire the FatFace lifestyle fashion brand. According to a report by Sky News, the deal... View Article
  
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• Marks Electrical posts strong half year trading

  12-10-2023 02:00 via theretailbulletin.com
  
  Marks Electrical has posted strong half year trading with revenue growth of 24.8% to £53.9 million. In the six months to 30 September, the retailer benefited... View Article
  
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• M&S launch first menswear campagin in eight years

  12-10-2023 02:00 via theretailbulletin.com
  
  Today, M&S has launched its ‘Anything but Ordinary’ Autumn Menswear campaign – its first standalone menswear campaign since 2015 – marking a significant milestone for the... View Article
  
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• How to Grow Your Retail Business

  12-10-2023 02:00 via theretailbulletin.com
  
  By Jackson Versitano, Country Manager Retail, Lightspeed Working out ways to grow your retail business can always be put on the back burner. Figuring out just... View Article
  
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• Hotel Chocolat “on the front foot again”

  12-10-2023 02:00 via theretailbulletin.com
  
  Hotel Chocolat has posted a decline in sales in the 53 weeks to 2 July but now says work to reset the business is beginning to... View Article
  
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• Dunelm green targets approved by SBTi

  12-10-2023 02:00 via theretailbulletin.com
  
  Dunelm has taken a significant step forward in its sustainability agenda, with greenhouse gas emissions targets approved by the Science Based Targets initiative (SBTi). The retailer is... View Article
  
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• Asda invests a further £9 million in cutting prices on over 200 products

  12-10-2023 02:00 via theretailbulletin.com
  
  Asda has reduced the prices of 232 branded and own-label products as part of its continued support for hard-pressed shoppers impacted by the cost-of-living crisis. The... View Article
  
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• 22,000 jobs now available at Sainsbury’s

  12-10-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s is creating 22,000 additional seasonal roles nationwide, including 2,000 at Argos, to help deliver an exceptional Christmas for customers this year. With stores and warehouses... View Article
  
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