Retail news

• LVMH goes to Hollywood to get brands on screen

  22-02-2024 21:48
  Luxury group launches venture for product placement and co-developing and co-financing own entertainment projects
  
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• Mike Ashley victim of ‘abuse’ by US bank Morgan Stanley, high court hears

  22-02-2024 20:01
  
  Frasers Group suing over $900m cash demand linked to bets placed on shares in German retailer Hugo BossThe billionaire businessman Mike Ashley has claimed he was the victim of “abuse” by Morgan Stanley amid a high court dispute over the investment bank’s decision to impose a near $1bn (£790m) cash demand.Ashley’s Frasers Group is taking legal action against the US investment bank Morgan Stanley and Denmark’s Saxo Bank over the May 2021 move linked to bets plac
  
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• Tesco joins forces with Vauxhall for new EV retail media tie-up

  22-02-2024 19:08 via retailgazette.co.uk
  
  Tesco has launched a new media partnership with Vauxhall, which will see the car giant’s branding brought to the supermarket’s EV charge points.
  Under the deal, Tesco Media & Insight Platform will help Vauxhall improve its advertising to customers interested in electric vehicles by promoting its products through the supermarket’s channels, including social, digital, and connected TV.
  The deal will also see charge points at the grocery retailer’s car parks display the
  
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• How is AI Reshaping the Retail Industry

  22-02-2024 17:54 via retailgazette.co.uk
  
  Artificial Intelligence (AI) is revolutionising the retail industry, fundamentally changing how businesses operate and interact with customers. With the integration of AI-powered technologies, retailers can enhance customer experiences, optimise operations and drive revenue growth. Keep reading to explore how AI is reshaping the retail landscape and revolutionising the shopping experience.
  Personalised Shopping Experiences
  One of the most significant impacts of AI in retail is the ability to del
  
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• Gymshark slows rapid expansion plans despite surging sales

  22-02-2024 16:24 via retailgazette.co.uk
  
  Gymshark posted its “biggest revenue number ever” in 2023 “underpinned by the relevance and quality of our product”, as EBITDA rose in line with sales growth.
  Sales grew 15% from 2022 to £556m which the retailer said was “underpinned by the relevance and quality of our product” and “the resonance of our brand”.Despite surging sales, the Solihull-headquartered activewear giant’s pre-tax profits fell by more than half to £13m for th
  
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• Guitar maker Gibson opens store off London’s Oxford Street

  22-02-2024 15:44
  
  The Gibson Garage, the brand’s second store globally, has a secret VIP bar behind a door hidden inside a phone boxGibson, the Nashville guitar maker beloved by Jimmy Page to Ray Davies, has opened its first big store outside the US just off London’s Oxford Street, where VIP visitors will be ushered into a secret bar accessed via a door hidden in a red phone box.The 4,500 sq ft (420 sq metres) of space on Eastcastle Street is within stumbling distance of the 100 Club, the music venue
  
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• WHSmith and Holland & Barrett court ex-Body Shop employees

  22-02-2024 12:55 via retailgazette.co.uk
  
  WHSmith and Holland & Barrett are among the retailers encouraging staff affected by store closures and redundancies announced by The Body Shop to apply for current job vacancies.
  The retailers reached out on LinkedIn to employees of the ethical beauty retailer who might be impacted by the mass restructuring of the chain’s UK business.
  On Tuesday, Administrators at FRP said it would be closing nearly half of The Body Shop’s 198 stores and around 40% of head office jobs to “s
  
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• Secret Sales enjoys ‘exceptional’ year amid European expansion

  22-02-2024 11:59 via retailgazette.co.uk
  
  Secret Sales has reported an “exceptional” year of growth as it ramps up its expansion plans for the year.
  The premium non-full-price marketplace posted an 85% jump in like-for-like growth in sales for 2023, with a 25% increase in total inventory year-on-year to £4bn.
  It also reported 100% growth across womenswear and a 200% jump in beauty.
  Secret Sales said it anticipates an additional 60% growth this year as it expands into three new European territories and “ongoing br
  
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• K:LDN 2024 registration is now open

  22-02-2024 11:50 via retailgazette.co.uk
  
  The countdown to K:LDN starts now
  In less than three months, we’re uniting the Klaviyo community and ecommerce marketers to blend the best of the past with the possibilities of the future—all to create smarter digital relationships.
  Join us for inspired learning, networking, and flat-out fun at K:LDN 2024.
  Reserve your spot
  Click here to sign up to Retail Gazette‘s free daily email newsletter
  
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• Go Outdoors to open in ex-Wilko Metrocentre store

  22-02-2024 11:32 via retailgazette.co.uk
  
  Go Outdoors is set to open a new 20,000sq ft Express store inside the Metrocentre at Gateshead.
  The outdoors specialist will move into the centre’s former 20,242sq ft Wilko unit and will be its only store in the region within a shopping centre environment.
  Go Outdoors Express Metrocentre will stock a variety of high performance outdoor clothing and accessories brands such as Rab, OEX, and Berghaus.Subscribe to Retail Gazette for free
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• Former John Lewis Watford store to be filled by value chains

  22-02-2024 10:40 via retailgazette.co.uk
  
  Atria Watford shopping centre is welcoming a host of new value retailers stores which will fill the former John Lewis building.
  The shopping complex will be launching its first B&M store set to open later this year, the 21,000 sq ft shop, based on the lower mall level will stock the brand’s range of goods including groceries, homeware, and electricals.
  A spokesperson for the retailer said: “We’re incredibly excited about our new store opening coming to Atria Watford and we&
  
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• B&M opens first shop in Atria Watford’s former John Lewis store

  22-02-2024 10:40 via retailgazette.co.uk
  
  Atria Watford shopping centre is welcoming a host of new stores, with the units set to fill the former John Lewis building.
  The shopping complex is launching its first B&M store, with its doors set to open later this year.
  The new 21,000 sq ft shop is based on the lower mall level and will stock the brand’s range of goods including groceries, homeware, and electricals.
  A spokesperson for the retailer said: “We’re incredibly excited about our new store opening coming to Atri
  
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• Asda staff consider strike action at 9 more stores

  22-02-2024 09:34 via retailgazette.co.uk
  
  Staff at nine Asda supermarkets in London have approached the GMB union as they consider strike action in a dispute about working conditions.
  GMB London regional manager Keith Dixon told Retail Week that members in his region are “fed up” and have reported several health and safety issues that the union claims have led to injuries, fire safety breaches, cuts in working hours and a lack of adequate training.
  The news comes as Asda union staff at the supermarkets Wisbech, Brighton Holl
  
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• Mike Ashley: ‘Snobs’ at Morgan Stanley dropped a ‘nuclear bomb’ on Frasers

  22-02-2024 09:04 via retailgazette.co.uk
  
  Mike Ashley has accused Morgan Stanley of dropping a “nuclear bomb” on his business with a demand of £790m that he claims was motivated by snobbery.
  Lawyers accused the investment bank of a “class-driven” decision when it attempted to force Frasers Group to abandon bets on the share price of Hugo Boss in 2021, The Telegraph reported.
  In court filings quoting bank staff, Frasers said Ashley, who was then CEO, was viewed as an “upstart”, who would have &ld
  
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• Mike Ashley: Morgan Stanley’s £790m cash call for Hugo Boss stake was ‘class-driven’

  22-02-2024 09:04 via retailgazette.co.uk
  
  Mike Ashley has accused Morgan Stanley of dropping a “nuclear bomb” on his business with a demand of £790m that he claims was motivated by snobbery.
  Lawyers accused the investment bank of a “class-driven” decision when it attempted to force Frasers Group to abandon bets on the share price of Hugo Boss in 2021, The Telegraph reported.
  In court filings quoting bank staff, Frasers said Ashley, who was then CEO, was viewed as an “upstart”, who would have &ld
  
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• Taxpayers to foot bill for The Body Shop staff redundancies

  22-02-2024 08:36 via retailgazette.co.uk
  
  Taxpayers are set to pay millions of pounds to sacked staff of The Body Shop as administrators manage a mass restructuring of the collapsed chain.
  Employees who have been laid off from the ethical beauty retailer have been told to make claims through the government-backed redundancy payouts service, which is funded using national insurance contributions, The Telegraph reported.
  It comes as administrators said on Tuesday that it would begin closing down some of its 198 stores and axing 40% of hea
  
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• BP strengthens retail team with hiring of David Phillpot as convenience trading director, Europe

  22-02-2024 08:04 via theretailbulletin.com
  
  BP has appointed David Phillpot to the newly created role of convenience trading director for Europe. With over 25 years’ experience in food retail role, Phillpot... View Article
  
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• Sports Direct welcomes On brand in selected flagship stores

  22-02-2024 08:03 via theretailbulletin.com
  
  Sports Direct has announced the arrival of On products in flagship stores in places like London, Birmingham and Manchester as part of its Running Starts Here... View Article
  
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• Jollyes’ partnership with BillyChip delivers £25,000 in donations in first six weeks

  22-02-2024 07:40 via theretailbulletin.com
  
  Jollyes’ new partnership with the BillyChip social enterprise scheme has already generated over £25,000 in donations for homeless people and their pets. In the first six... View Article
  
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• Unibail-Rodamco-Westfield announces host of signings for Croydon’s Centrale & Whitgift

  22-02-2024 07:20 via theretailbulletin.com
  
  Shopping centre operator Unibail-Rodamco-Westfield has announced a host of new lease signings for Centrale & Whitgift in Croydon. These include a first store in the capital... View Article
  
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• How to Improve Conversion Rates in Your Retail Store

  22-02-2024 07:00 via theretailbulletin.com
  
  By Jackson Versitano, Regional Manager, UK & RoEMEA for Lightspeed Commerce Do you know how much money you make from window shoppers? Or, people who walk... View Article
  
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• Sports Direct launches Swiss sportswear brand On in stores

  22-02-2024 01:01 via retailgazette.co.uk
  
  Sports Direct has launched Swiss sportswear brand On in selected stores as part of its aim to become the number one running destination in the UK.
  On’s footwear and clothing will be available in the retailer’s flagships in London, Birmingham, Manchester and Cardiff and will rolled out to the rest of the retailer’s stores by the end of the year.
  The Frasers Group-owned retailer said the introduction of On “further strengthens Sports Direct’s ‘Running Starts Her
  
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