Retail news

• The Body Shop: German private equity firm joins bidding race

  16-10-2023 15:34 via retailgazette.co.uk
  
  Orlando Capital has joined the running to snap up The Body Shop, according to Retail Week. 
  The news comes after the cosmetics retailer’s parent company Natura & Co put the business up for sale in September, as the group sought to return to stable ground after posting six consecutive quarters of losses.
  Natura bought The Body Shop in 2017 from previous owner L’Oréal but has struggled to maintain its profitability.
  The private equity firm joins Aurelius Group, Alteri I
  
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• US drug chain Rite Aid files for bankruptcy amid rising debt and opioid lawsuits

  16-10-2023 15:03
  
  Retailer with more than 2,000 stores in 17 states was hit by lawsuits alleging pharmacies contributed to oversupply of opioidsDebt-laden Rite Aid filed for bankruptcy protection on Sunday and said it would close underperforming stores, as the drugstore chain comes under pressure from lawsuits alleging that it helped fuel the US opioid crisis.The filing will allow it to resolve litigation claims in an “equitable manner”, the company said, adding it has received a commitment for $3.45b
  
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• Covent Garden signs 16 new retailers in the last six months

  16-10-2023 14:41 via retailgazette.co.uk
  
  Shaftesbury Capital has signed 16 new retail brands across its Covent Garden estate over the last six months, serving as a strong vote of confidence in the long-term prospects of Covent Garden and London’s West End.
  The retailers making their European and West End debuts include running retailer Hoka,  and international menswear label Balibaris, while specialist outdoor brand Arc’teryx is relocating to a more spacious flagship store on King Street, following the success of
  
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• Tesco petition calling for new offence to protect workers hits 10,000 signatures

  16-10-2023 10:49 via retailgazette.co.uk
  
  A petition launched by a Tesco worker, calling on the government to make violence or abuse against retail workers a standalone criminal offence, hit 10,000 signatures on Saturday.
  The milestone means the government must now respond to the petition, which was launched last week.
  The supermarket’s UK CEO Jason Tarry has backed the petition, which may be debated in Parliament if it reaches 100,000 signatures.Subscribe to Retail Gazette for free
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• THG mulls US IPO for Myprotein business

  16-10-2023 10:47 via retailgazette.co.uk
  
  THG is exploring plans to list its MyProtein nutrition business in the US following pressure from activist investors to separate the division, The Telegraph reported.
  Shareholder Kelso Group upped its stake in the listed company to 8m shares earlier this year and has advocated for chief executive Matt Moulding to spin off the MyProtein arm.
  A potential listing raises eyebrows given THG’s track record as a listed business since it floated on the London Stock Exchange in 2020.Subscribe to Re
  
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• Aldi reveals the 12 new stores opening before Christmas

  16-10-2023 10:15 via retailgazette.co.uk
  
  Aldi will be opening 12 new stores across the UK between now and the end of the year.
  The German discount giant, which opened its 1,000th UK store in Woking last month, will be opening one new store a week on average between now and the end of the year.
  New stores in Taunton and Oldham will open this month, following the opening of three new stores in Slough, Torquay and Cannock last week.
  Towns such as Farnborough and West Bridgford are also set to see new Aldi stores open in November, and seve
  
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• M&S kicks off Christmas recruitment drive with 10,000 roles available

  16-10-2023 09:37 via retailgazette.co.uk
  
  Marks & Spencer has launched its recruitment drive for 10,000 new customer assistants nationwide ahead of the festive season.
  The move marks a 40% increase on last year’s Christmas recruitment drive as the retailer invests more in colleague hours to support customers on the shop floor.
  The roles will span both the retailer’s food and clothing and home businesses and are located all over the UK, with vacancies in every store.Subscribe to Retail Gazette for free
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• Black Friday 2023: 53% of UK shoppers set aside funds to get the best deals

  16-10-2023 09:29 via retailgazette.co.uk
  
  Despite the expected drop in retail footfall as the Christmas shopping season nears, data from Shopify has revealed that 53% of UK shoppers are allocating more money to spend during Black Friday Cyber Monday (BFCM) than in previous years.
  Amid the cost of living crisis, BFCM is set to be a key revenue-driving moment for retailers that embrace the weekend according to Shopify’s Black Friday Cyber Monday 2023 Report into more than 2,000 consumers and 1,000 SMBs in the UK.
  
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• Mike Ashley’s Frasers ups stake in Boohoo once again to 15.1%

  16-10-2023 08:40 via retailgazette.co.uk
  
  Frasers has lifted its stake in Boohoo Group once again as it continues to build on its “strategic investment” into the fashion retailer.
  The Mike Ashley controlled group which owns Sports Direct and House of Fraser, now owns 15.1% of the online fast fashion business, increasing its stake from 13.4%.
  Just last week, Frasers increased its holding from 10.4% to 13.4%, while in September, it raised its holding to 9.1%.Subscribe to Retail Gazette for free
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• Tesco worker’s petition calling for new offence to protect shop staff reaches 10,000 signatures

  16-10-2023 02:00 via theretailbulletin.com
  
  A petition lodged by a Tesco worker calling on the Government to make violence or abuse against retail workers a standalone criminal offence has reached 10,000... View Article
  
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• Tesco seeks 30,000 Christmas workers

  16-10-2023 02:00 via theretailbulletin.com
  
  Tesco has embarked on a huge festive recruitment drive as it looks to fill 30,000 temporary roles. The jobs will mainly involve working in Tesco’s superstores... View Article
  
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• Søstrene Grene celebrates 50 years with record profits and UK store expansion

  16-10-2023 02:00 via theretailbulletin.com
  
  Søstrene Grene, the Danish homewares and hobby brand, is marking its 50th anniversary with a flourish of success and strategic expansion. The international retailer, which recently... View Article
  
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• Olaplex hires Amanda Baldwin as chief executive

  16-10-2023 02:00 via theretailbulletin.com
  
  Olaplex has named Amanda Baldwin as its new chief executive. She will take up her position in early 2024 when she will also join the company’s... View Article
  
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• Navigating the silent revolution: Menopause in the UK Retail Sector

  16-10-2023 02:00 via theretailbulletin.com
  
  [Commentary] In the busy world of retail, a silent revolution is unfolding, impacting both employees and consumers alike. This revolution is menopause, a natural biological process... View Article
  
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• M&S launches recruitment drive to fill 10,000 Christmas roles

  16-10-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer will be recruiting 10,000 new customer assistants to work in its stores over the festive period. The move marks a 40% increase on... View Article
  
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• John Lewis Partnership appoints new director of property

  16-10-2023 02:00 via theretailbulletin.com
  
  The John Lewis Partnership has appointed Martin Gafsen as director of property. Gafsen previously worked for 16 years as property and facilities director for Royal Mail... View Article
  
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• Exporting and consumer journey personalisation among four key trends driving retail success, new research reveals

  16-10-2023 02:00 via theretailbulletin.com
  
  New research has revealed four key opportunities that ambitious and fast-growing retailers are adopting to boost revenue heading into peak season. Key findings highlighted in the... View Article
  
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• [EVENT ] THE Retail Conference 2024

  16-10-2023 02:00 via theretailbulletin.com
  
  Join TRB and a host of retail visionaries at ‘THE Retail Conference’ on November 14. This exciting one-day event has something for everyone. Uniting innovators, influencers, and... View Article
  
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• [EVENT ] THE Retail Conference 2023

  16-10-2023 02:00 via theretailbulletin.com
  
  Join TRB and a host of retail visionaries at ‘THE Retail Conference’ on November 14. This exciting one-day event has something for everyone. Uniting innovators, influencers, and... View Article
  
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• [ CASE STUDY ] Lakeland – Implementing top-drawer digital scheduling

  16-10-2023 02:00 via theretailbulletin.com
  
  In June 2022 household name and bakeware brand, Lakeland, selected Rotageek as their new staff scheduling partner for their 800 employees across 65 stores. When asked... View Article
  
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