Retail news

• Kurt Geiger owner mulls £400m sale of the luxury brand

  17-10-2023 17:12 via retailgazette.co.uk
  
  The parent company of Kurt Geiger is preparing to hoist a ‘for sale’ sign above the luxury retailer, with a £400m price tag.
  According to Sky News, private equity firm Cinven has hired advisors at Bank of America to handle a potential auction.
  Sources told the publication that the sale process was expected to take place in the coming months and could attract interest from other buyout firms and luxury goods groups.Subscribe to Retail Gazette for free
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• ‘Like a cat with nine lives’: how the British corner shop has survived – and thrived

  17-10-2023 15:00
  
  There are almost 50,000 convenience stores in the UK, offering everything from fruit and veg to home-cooked curries. Here’s how they have fought off Covid, shoplifters, the cost of living crisis …It’s part of the furniture of British life. The shop on the corner of the street that seems to sell everything: booze, fags, scratchcards, sweets, pet food and hummus. Those crisps you like – Lay’s, not Walkers – in obscure flavours you usually only find on holiday.
  
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• Tesco readies itself for Paperchase relaunch

  17-10-2023 14:19 via retailgazette.co.uk
  
  Tesco is preparing to relaunch Paperchase in store and online in the next few weeks, just 10 months after rescuing the business from administration.
  Paperchase’s rainbow branding has gone up in several stores across the UK, with some aisles blocked off and posters reading: “Colour coming soon”.
  A Tesco spokesperson told Retail Gazette: “Having acquired the Paperchase brand back in January, we look forward to bringing this well-loved name to Tesco and are excited to launch
  
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• Black Friday 2023: One in every six fashion purchases made will be returned

  17-10-2023 13:23 via retailgazette.co.uk
  Almost one in every six garments bought on Black Friday will be returned, with Gen Z and Millennials leading the way as the highest returning cohorts, new data from AI platform True Fit reveals.
  The report from over 1,000 UK consumers found that while the average shopper plans to send back almost a sixth of the fashion purchases they buy during Black Friday, Gen Z is expected to be the highest returning cohort.
  Gen Z fashion shoppers say they will return over 1 in 4 of all fashion purchases made
  
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• Black Friday 2023 in Europe

  17-10-2023 11:00 via retailgazette.co.uk
  
  What do your customers think about Black Friday? Better yet—how do your key competitors approach their biggest retail opportunity?
  Our new Black Friday in Europe report is here, packed with over 100 stats from 5,000 consumers and 820 marketers across the UK and mainland Europe.
  Inside, you’ll learn:
  • Brands’ biggest misconceptions about consumers• How long people want sales to last• How brands plan to capitalise after Black Friday
  Download the report
  Click here
  
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• John Lewis launches brand with designers who have grown up in care

  17-10-2023 10:55 via retailgazette.co.uk
  
  John Lewis has launched a new lifestyle brand Made With Care, curated by designers and creators who have grown up in the care system.
  The department store retailer unveiled the brand’s first design yesterday, at an event welcoming care experienced people, charities and partners to mark the first anniversary of its Building Happier Futures programme.
  The first design was created by Michael Archibald, an 18-year old aspiring artist from Glasgow who has experienced care.
  The product consists
  
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• Shoe Zone profits boosted by Back to School success

  17-10-2023 10:33 via retailgazette.co.uk
  
  Shoe Zone’s full-year profits and sales have surged thanks to the key Back to School period helping boost performance.
  The footwear retailer said its adjusted profit before tax is expected to not fall below £16m for the 52 weeks to 30 September, a 43% increase on last year’s £11.2m.
  Sales roles 6.1% to £165.7m, which the group attributed to a strong second half trading during the peak summer and back-to-school period.
  Online revenue surged 17% to £30.9m, thank
  
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• Pets at Home crowned ‘best place to work’ in UK retail

  17-10-2023 10:02 via retailgazette.co.uk
  
  Pets at Home has been named the “best place to work” across the UK retail industry in a new poll.
  The pet care company came first place in digital platform WorkL’s recent “Happy at Work” survey, carried out in partnership with Retail Week.
  The poll looked at workers’ happiness levels over a number of categories, including empowerment, pride, satisfaction, reward and recognition, wellbeing, and information sharing.
  Staff members scored Pets at Home highly acros
  
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• Supermarket loyalty scheme discounts help grocery sales stabilise

  17-10-2023 09:16 via retailgazette.co.uk
  
  Total till sales at UK supermarkets have seen sustained growth of 9.1% in the last four weeks ending 7th October 2023, only slightly down from +10.1% reported last month new data released by NIQ shows.
  Volume sales have also continued to improve with a decline of just 0.4% in the last four weeks, suggesting that some shoppers are pressing the reset button on spending and taking advantage of price cuts from retailers.
  This has been encouraged by an increase in the discounts offered by supermarket
  
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• Data: Super Saturday set to be UK’s busiest in-store shopping day of peak trading

  17-10-2023 08:52 via retailgazette.co.uk
  
  Super Saturday (23 December), the last Saturday before Christmas, is predicted to be the busiest in-store shopping day of the entire 2023 peak trading season, rising from the UK’s 3rd busiest day for Christmas shopping in 2022, fresh data reveals.
  According to Sensormatic Solutions, while the Saturday of the Black Friday weekend (25 November) is expected to be the 3rd busiest day for in-store footfall during 2023 peak trading, Black Friday itself failed to make it into the top 5 busiest da
  
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• THG maintains full-year outlook as it returns to revenue growth

  17-10-2023 08:23 via retailgazette.co.uk
  
  THG has kept its annual revenue and profit outlook unchanged after posting a steady rise in revenue growth.
  The business, which owns brands including Lookfantastic, Cult Beauty and MyProtein said the impact of global destocking on its beauty manufacturing business has eased after reporting a 4.4% drop in third-quarter revenue.
  The group said it returned to positive constant currency revenue growth of 3.2% in September, driven by a “strong performance across our Beauty division.”Subsc
  
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• Frasers snaps up German sporting chain SportScheck as acquisition spree continues

  17-10-2023 08:20 via retailgazette.co.uk
  
  Frasers Group has confirmed it is set to acquire SportScheck, one of the leading sports retailers in Germany from Signa Retail Department Store Holding for an undisclosed amount.
  In a release, the Mike Ashley controlled group said the acquisition “will enable Frasers to grow its presence in Germany, one of the biggest sports markets in Europe and a key focus area for the Sports segment.”
  SportScheck trades from 34 stores across Germany with revenue of approximately €350m, and a
  
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• Frasers snaps up German sporting chain SportScheck amid acquisition spree

  17-10-2023 08:20 via retailgazette.co.uk
  
  Frasers Group has confirmed it is set to acquire SportScheck, one of the leading sports retailers in Germany from Signa Retail Department Store Holding for an undisclosed amount.
  In a release, the Mike Ashley controlled group said the acquisition “will enable Frasers to grow its presence in Germany, one of the biggest sports markets in Europe and a key focus area for the Sports segment.”
  SportScheck trades from 34 stores across Germany with revenue of approximately €350m, and a
  
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• THG makes “strong” third quarter progress

  17-10-2023 02:00 via theretailbulletin.com
  
  THG has said it delivered its best quarterly revenue performance in the last year in the three months to 30 September. Revenue declined by 4.4% to... View Article
  
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• TGI Fridays joins forces with Merlin Annual Pass for unmissable offers

  17-10-2023 02:00 via theretailbulletin.com
  
  American-inspired cocktail bar and restaurant chain, TGI Fridays has announced it is partnering with Merlin Annual Pass, of the Merlin Entertainments Group, the global leader in... View Article
  
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• Søstrene Grene to launch flagship London store

  17-10-2023 02:00 via theretailbulletin.com
  
  Danish homewares retailer Søstrene Grene is to launch a flagship central London store as part of plans to open 100 new shops across the UK by... View Article
  
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• Sign of the Times investment with circular economy takes off

  17-10-2023 02:00 via theretailbulletin.com
  
  Sign of the Times, a London based luxury resale platform has secured new investment, with off-price luxury online retailer BrandAlley making up 50% of the investment... View Article
  
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• Shoe Zone boosted by higher sales and profit

  17-10-2023 02:00 via theretailbulletin.com
  
  Shoe Zone has posted a 6.1% increase in full year sales following strong second half trading. In the 52 weeks to 30 September, revenue climbed to... View Article
  
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• New lorry designs for Aldi following national competition

  17-10-2023 02:00 via theretailbulletin.com
  
  Aldi has revealed the winners of its nationwide competition with Team GB and ParalympicsGB for promising young artists to design some of its latest lorries. As... View Article
  
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• Holland & Barrett fund launched to offer menopause support to underrepresented woman

  17-10-2023 02:00 via theretailbulletin.com
  
  Holland & Barrett, is on a mission to close the menopause care gap through its Women’s Health Community Fund with Wellbeing of Women, providing grassroots organisations... View Article
  
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• Frasers Group to acquire German retailer SportScheck

  17-10-2023 02:00 via theretailbulletin.com
  
  Frasers Group is to acquire German sports retailer SportScheck from Signa Retail Department Store Holding. Operating 34 stores in prime city locations across Germany, SportScheck has... View Article
  
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• Enhancing ethical marketing by advancing consumer behaviour prediction

  17-10-2023 02:00 via theretailbulletin.com
  
  In a significant industry development, UK retailers are poised to embark on a transformative journey towards more ethical and inclusive marketing practices. By catering for a... View Article
  
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• Cambridge Satchel unveils refreshed brand as it launches new London store

  17-10-2023 02:00 via theretailbulletin.com
  
  Cambridge Satchel has rebranded in time for the opening of its new store in London’s Covent Garden. The refresh has seen the company adopt a new... View Article
  
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• Aldi reveals where it will open 12 new stores before Christmas

  17-10-2023 02:00 via theretailbulletin.com
  
  Aldi has announced the locations of the 12 new stores it will be opening between now and Christmas. Having launched its 1,000th UK store in Woking... View Article
  
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