Retail news

• Wilko collapse: regulators urged to try to claw back millions in dividends

  30-11-2023 17:32
  
  Commons committee says money should be recovered from founding family ‘so pensioners are not short-changed’UK regulators should “explore every option” to claw back millions of pounds in dividends paid to Wilko’s founding family before the budget retailer’s collapse in August, the chair of the Commons business and trade committee has said.The Labour MP Liam Byrne made the comments days after Lisa Wilkinson, the company’s former chair and granddaughter of
  
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• Dr Martens issues fourth profit warning of year amid weak US sales

  30-11-2023 12:22
  
  UK footwear firm’s shares plunge as American turnaround proves ‘more challenging than expected’Dr Martens has issued its fourth profit warning this year as a tough consumer environment in the US continues to affect sales of its sturdy boots.The Northamptonshire-based footwear brand said sales fell 5% to £396m in the six months to 30 September and pre-tax profits dived 55% to £26m. While this was better than City analysts had expected, the company said the outlook fo
  
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• Ikea and Lego bet big on the future of the store

  30-11-2023 06:00
  Scandinavian companies to expand physical presence to buck gloomy trends in their industries
  
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• Interview: What’s next for HMV after its Oxford Street return?

  30-11-2023 01:04 via retailgazette.co.uk
  HMV reopened the doors to its flagship at 363 Oxford Street last week after a four-year absence.
  The central London location is where the retailer opened its first store back in 1921 and has hosted some of the world’s biggest artists including The Spice Girls, Kylie Minogue, The Weeknd and Blur for autograph signings and exclusive performances.
  The return to its original home has been dubbed as the final stage of HMV’s “dramatic turnaround” under new owner Doug Putman, wh
  
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• SPAR UK donates £250,000 to FareShare

  30-11-2023 01:00 via theretailbulletin.com
  
  Following SPAR UK’s announcement this September that the symbol group had partnered with food redistribution charity FareShare to launch its Giving One Million Meals campaign, a... View Article
  
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• Responsible Business strategy: Double materiality assessments

  30-11-2023 01:00 via theretailbulletin.com
  
  What is a double materiality assessment and why should a retail business do one? In the world of ESG, double materiality assessment is a concept used... View Article
  
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• Primark to open five new stores in Italy

  30-11-2023 01:00 via theretailbulletin.com
  
  Primark is to open five new stores in Italy over the next few years as part of a €50 million investment. The new shops in Livorno,... View Article
  
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• Mulberry grows sales but losses widen

  30-11-2023 01:00 via theretailbulletin.com
  
  Mulberry saw its revenue increase by 7% to £69.7 million in its first half as it continues to invest in its long-term future. In the six... View Article
  
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• Lidl gears up for “record breaking” Christmas

  30-11-2023 01:00 via theretailbulletin.com
  
  Lidl has said it is preparing for a record breaking Christmas following an 11% uptick in customers over the past six weeks. The retailer said it... View Article
  
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• Jollyes posts strongest ever first half performance

  30-11-2023 01:00 via theretailbulletin.com
  
  Jollyes has delivered its strongest ever first half trading performance in the six months to 27 November. During the period, the pet retailer’s like-for-like sales climbed... View Article
  
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• How retailers are reshaping their CX strategies

  30-11-2023 01:00 via theretailbulletin.com
  
  by Keith Gait MBA CCXP, CEO at The Customer Experience Foundation (www.cxfo.org) Retailers are entering a new phase of technological innovation with AI and machine learning... View Article
  
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• Goldsmiths opens new luxury showroom in Bullring upsize

  30-11-2023 01:00 via theretailbulletin.com
  
  Goldsmiths has reopened its showroom at Birmingham’s Bullring following a substantial upsize and refurbishment. Spanning two floors, the 8,000 square foot boutique features a glass wrap-around... View Article
  
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• Dr. Martens warns on profit after revenue decline

  30-11-2023 01:00 via theretailbulletin.com
  
  Dr. Martens’ has reported a 5% decline in first-half revenue to £395.8 million following weakness in its US wholesale division. The six months to 30 September... View Article
  
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• A.F. Blakemore appoints Lawrence Shirazian as MD of Foodservice Business Unit

  30-11-2023 01:00 via theretailbulletin.com
  
  A.F. Blakemore, one of the UK’s largest privately owned family businesses, is pleased to announce that Lawrence Shirazian will join as Managing Director of their newly... View Article
  
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