Retail news

• Next adds Fat Face to stable of brands for £115mn

  13-10-2023 18:13
  The FTSE 100 retailer has been on an acquisition spree, driving high-street consolidation
  
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• Next snaps up FatFace for £115m

  13-10-2023 16:17 via retailgazette.co.uk
  
  Next has acquired FatFace in a takeover deal for £115.2m
  In a release, it said the sale of the fashion retailer is expected to take place within the next few weeks.
  Next will hold 97% of the equity while FatFace’s management will hold 3% in the business.
  Will Crumbie, who joined FatFace as CFO back in 2014 before stepping into the chief executive role in 2021, will continue to lead the business.
  Next said that under the deal, management will participate in an additional performance r
  
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• BREAKING: Next snaps up FatFace for £115m

  13-10-2023 16:17 via retailgazette.co.uk
  
  Next has acquired FatFace in a takeover deal for £115.2m
  In a release, it said the sale of the fashion retailer is expected to take place within the next few weeks.
  Next will hold 97% of the equity while FatFace’s management will hold 3% in the business.
  Will Crumbie, who joined FatFace as CFO back in 2014 before stepping into the chief executive role in 2021, will continue to lead the business.
  Next said that under the deal, management will participate in an additional performance r
  
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• Boss of easyfundraising vows to fight easyJet owner’s trademark claim

  13-10-2023 14:48
  
  James Moir says his company’s branding is not remotely similar to easyGroup’s and calls its lawsuit ‘a bit mean’The head of the charity shopping site easyfundraising has vowed to continue fighting a trademark claim brought by easyGroup, the owners of easyJet, over its name.The UK’s biggest charity shopping site, which works with brands to donate a percentage of every sale to a worthy cause, was issued with legal proceedings from easyGroup last year. Continue reading
  
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• China: consumer confidence crisis will have far-reaching effects

  13-10-2023 14:17
  Global investors are braced for the knock-on effect of disappointing shopping and travel data
  
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• Sales of white ‘boyfriend’ shirts soar as Victoria Beckham endorses trend

  13-10-2023 13:23
  
  Loose-fitting, button-up shirts are said to be ‘flying off the shelves’ into trendspotters’ autumn wardrobesIt has long been a permanent fixture in the boardrooms of financial institutions but now the button-up business shirt is manspreading its way from the square mile to the high street – making the “boyfriend shirt” a must-have fashion item.In the new Netflix Beckham documentary that has gripped people this week, Victoria Beckham endorsed the trend choosing
  
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• Tesco to hire 30,000 extra staff this Christmas

  13-10-2023 12:54 via retailgazette.co.uk
  
  Tesco has kicked off its festive recruitment drive to fill 30,000 temporary roles across the UK to help meet demand ahead of the busy Christmas period.
  The supermarket said the jobs are mainly in its Extra and Superstores and could involve working on checkouts, picking orders for home delivery or replenishing the store across early morning, day or evening shifts.
  It added that there may be opportunities for the seasonal staff to apply for permanent roles available in stores once the Christm
  
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• How retailers can embrace the changing landscape of recruitment – download now

  13-10-2023 10:30 via retailgazette.co.uk
  
  It has never been harder to find the people you need, and it is only going to get harder. There are fewer people out there, and there has been a significant shift in the way candidates want to find and apply for jobs.
  Retailers who take proactive measures to adapt their talent attraction and candidate experience strategy and lean into new thinking and technologies are the ones who will get ahead.
  inploi’s team of analysts audited the talent attraction and candidate experiences of 40 major
  
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• Dunelm greenhouse gas emissions targets approved by global body

  13-10-2023 09:56 via retailgazette.co.uk
  
  Dunelm has had its greenhouse gas emissions targets approved by the Science Based Targets Initiative (SBTi), making it one of the first homeware retailers to do so.
  The furniture company committed to reducing its absolute Scope 1, 2 and 3 greenhouse gas emissions by 50% before 2030, as well as 90% by 2040.
  Dunelm’s overall target is to reach net-zero greenhouse gas emissions across the value chain by 2040.Subscribe to Retail Gazette for free
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• John Lewis names new property boss

  13-10-2023 09:51 via retailgazette.co.uk
  
  John Lewis has named Royal Mail executive Martin Gafsen as its next director of property, effective 15 November.
  Gafsen succeeds Chris Harris, who announced back in June that he would be stepping down from his role after more than five years with the business.
  He will be responsible for leading the strategy and management of the Partnership’s property portfolio.
  Gafsen joins from Royal Mail Group where he was the property and facilities director for the last 16 years.Subscribe to Retail Ga
  
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• Iceland extends ‘shop in shop’ partnership with The Range

  13-10-2023 09:20 via retailgazette.co.uk
  
  Iceland Foods and The Range have extended their partnership by introducing further “shop in shop” formats.
  New Iceland concessions have been unveiled in four The Range stores in Bradford, Bolton, Weston-super-Mare and Weymouth.
  Meanwhile, two more are on the way for the home, leisure and garden retailer’s Glenrothes and Oswestry branches.
  The move means the “shop in shop” partnership has been opened in 113 stores since starting in 2018 with just three stores.
  The co
  
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• Sainsbury’s creates 22,000 seasonal roles ahead of Christmas

  13-10-2023 08:51 via retailgazette.co.uk
  
  Sainsbury’s has launched its recruitment drive for thousands of temporary jobs nationwide ahead of the festive season.
  The supermarket looks to add 22,000 extra seasonal roles, including 2,000 at Argos.
  The retailer will welcome its temporary workers earlier than usual this year, starting as early as this week to ensure there are enough staff for customers.
  New team members will help Sainsbury’s and Argos serve shoppers, restock shelves and fulfill online orders by picking, packing a
  
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• New Selfridges owners record £124mn loss

  13-10-2023 06:00
  Department store portfolio was bought by René Benko’s Signa Group and Tiang Chirathivat’s Central Group for £4bn last year
  
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• Under Armour appoints chief supply chain officer

  13-10-2023 02:00 via theretailbulletin.com
  
  Sportswear brand Under Armour has appointed former Gap executive Shawn Curran as chief supply chain officer. Throughout his 30-year career at Gap Inc., Curran held several... View Article
  
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• Next acquires rival FatFace for £115m

  13-10-2023 02:00 via theretailbulletin.com
  
  High street  giant Next has acquired British lifestyle retailer FatFace from its lenders for £115.2m. The deal is expected to completed in the next few weeks... View Article
  
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• MINISO to open flagship store on London’s Oxford Street

  13-10-2023 02:00 via theretailbulletin.com
  
  Lifestyle retailer MINISO has signed a five-year lease on a new flagship store on London’s Oxford Street as it continues its UK expansion. Situated at the... View Article
  
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• IKEA UK announces strong annual sales growth

  13-10-2023 02:00 via theretailbulletin.com
  
  IKEA UK has announced that its full year sales grew by 11.9% to £2.46 billion following investment in both its physical and digital channels. During the... View Article
  
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• [Exclusive] Shackelton flagship store opening, London

  13-10-2023 02:00 via theretailbulletin.com
  
  British performance apparel and expedition experiences brand, Shackleton, celebrated the grand opening of its new flagship store on London’s prestigious Piccadilly, 214 Piccadilly, last night. This... View Article
  
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• Comment: delicately balancing online and offline

  13-10-2023 02:00 via theretailbulletin.com
  
  In the early days of e-commerce the senior executives at John Lewis acknowledged that their tardiness at opening physical stores was something of a godsend because... View Article
  
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• Boots sales surge by 11.7% in fourth quarter

  13-10-2023 02:00 via theretailbulletin.com
  
  Boots has delivered an 11.7% increase in fourth quarter retail sales following strong footfall, particularly in its city centre, shopping centre, and travel stores. The period’s... View Article
  
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