Retail news

• Introducing Murray Uniforms

  15-04-2024 23:53 via theretailbulletin.com
  
  With a heritage spanning over a century, Murray Uniforms has established itself by building long-term, successful relationships that deliver a positive return on investment and help... View Article
  
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• ‘Blowout’ US retail sales shake bond and currency markets

  15-04-2024 19:41 via ft.com
  Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate cuts
  
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• Superdry to unveil new turnaround plan this week

  15-04-2024 17:20 via retailgazette.co.uk
  
  Superdry is set to launch a formal restructuring plan this week in the latest attempt to turnaround the business.
  The ailing fashion retailer confirmed on Monday it was in the “advanced stages” of preparing a restructuring plan and expects to launch it “in the coming days”.
  However, Superdry said there is no certainty the plan will be implemented.
  It comes as Sky News reported the fashion retailer’s restructing proposal is likely to include steep rent cuts at a
  
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• Superdry landlords to lose out under new turnaround plan

  15-04-2024 17:20 via retailgazette.co.uk
  
  Superdry landlords are expected to bear the brunt as the retailer prepares to launch a new restructuring plan this week in the latest attempt to turnaround the business.
  The ailing fashion retailer confirmed on Monday it was in the “advanced stages” of preparing a restructuring plan and expects to launch it “in the coming days”.
  However, it said there is no certainty the plan will be implemented.
  It comes as Sky News reported Superdry’s restructing proposal is likel
  
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• Superdry confirms restructuring plan under turnaround efforts

  15-04-2024 17:20 via retailgazette.co.uk
  
  Superdry is launching a restructuring plan which will involve a restructuring of its UK property estate and retail cost base.
  The restructuring comes under the company’s turnaround plan which is intended to help Superdry deliver its new, more financially sustainable, target operating model.
  The business has also announced plans to delist from the London Stock Exchange, and has implemented an equity raise that will provide it with necessary liquidity headroom.
  The update comes after Superdr
  
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• The Perfume Shop unveils experiential new store in Ipswich

  15-04-2024 15:19 via theretailbulletin.com
  
  The Perfume Shop has had a scent-sational new addition as it opens the doors to another new and improved experiential store at Sailmakers Shopping Centre in... View Article
  
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• Tesco teases new Clubcard Prices logo after Lidl defeat

  15-04-2024 14:25 via retailgazette.co.uk
  
  Tesco has teased the new design for its Clubcard prices after a High Court ruled its yellow circle in a blue square infringed Lidl’s trademark for its similar yellow circle branding.
  Britain’s largest supermarket has begun the process of replacing millions of Clubcard Prices logos with the new branding, starting with its app.
  The yellow circle on blue has now been replaced by a blue square with the logo in white alongside a yellow rectangle with the offer.Subscribe to Retail Gazette
  
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• M&S chair Archie Norman warns against Labour’s UK employment reforms

  15-04-2024 13:14 via retailgazette.co.uk
  
  M&S chairman Archie Norman has become the latest retailer to raise questions over Labour’s plans to overhaul worker rights as he argues the UK risks being unable to attract investment.Norman told The Telegraph that the country’s biggest problem going into a general election was a “lack of growth in productivity and investment”.He said: “Any incoming government should consider carefully whether a package that reduces flexibility, makes it more costly to hire peop
  
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• Uniqlo profits boosted by TikTok famous ‘banana’ bag

  15-04-2024 12:33 via retailgazette.co.uk
  Uniqlo saw profits soar in its full year results, thanks to its “banana” bag which went viral on TikTok.
  Pre-tax profits at the retailer’s UK and European arms surged by £66m to almost £160m for the year to 31 August.
  Additionally, sales shot up 36%, according to the Japanese business’s newly-filed accounts.
  Uniqlo attributed the rise to young customers snapping up its mini-round shoulder bag in droves, which was a best-seller among this demographic.
  The &poun
  
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• Bath & Body Works opens first standalone London store

  15-04-2024 12:12 via retailgazette.co.uk
  Bath & Body Works has opened its first standalone store in London at Westfield shopping centre.
  The American retailer’s new 2,357 sq ft store in White City houses its premium range of lifestyle care products and home fragrance, sitting directly opposite beauty giant Sephora.
  The retailer is also set to open a second store in the capital at Westfield Stratford in Autumn.
  Founded in 1990, Bath & Body Works offers an array of bath and shower gels, lotions, candles, and accessories and
  
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• Iceland launches first-ever supermarket customer election manifesto

  15-04-2024 11:42 via retailgazette.co.uk
  
  Iceland has launched the first-ever supermarket customer panel to pen election manifesto.
  It comes as the frozen food specialist’s executive chairman Richard Walker pledged the retailer would use its platform to give customers a voice during election year.
  The panel, which is made up of seven customers from across the UK who applied to lead the manifesto, will provide their views monthly in the lead-up to the General Election, supplemented by a survey of up to 6,000 regular customers.Subsc
  
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• HelloFresh opens biggest European warehouse in Derby

  15-04-2024 11:37 via retailgazette.co.uk
  
  HelloFresh is opening its biggest European warehouse in Derby, which it said will offer customers “even more choice and ability” to personalise meals.
  The meal-kit company’s warehouse, named The Windmill, is its latest automated production facility, and has already created 300 jobs such as production operatives, maintenance engineers and management, with more vacancies expected.
  The firm described the distribution centre as a “launch pad” for future growth and innov
  
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• Sports Direct’s Newcastle United replica kits deal injunction fails

  15-04-2024 11:16 via retailgazette.co.uk
  
  Sports Direct has failed in its quest to have Newcastle United sell its kit for the upcoming season kit in its stores.
  The Frasers Group-owned retailer filed a claim last month to the Competition Appeal Tribunal (CAT) stating that the football club refused to supply its replica 2024/25 kit.
  Newcastle United’s reasons were that it had agreed to an exclusive retail arrangement with JD Sports to sell the upcoming season’s replica kit.
  The football club’s kit is currently made by M
  
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• Primark drops prices of kids summer essentials

  15-04-2024 10:09 via retailgazette.co.uk
  
  Primark has lowered the price on hundreds of its essential kids’ clothing and accessories as part of its commitment to keep prices down.
  The fashion retailer has cut the price of selected products in its spring/summer range, including swim shorts and swimsuits, t-shirts and shorts, sliders and baseball caps, by an average of 21%.
  It said a simple t-shirt, swim shorts, sliders and a baseball cap can be picked up for 16% cheaper than last year at £10.50.
  Primark said it also applied th
  
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• Charles Tyrwhitt sales surge amid rising demand for casual work attire

  15-04-2024 10:05 via retailgazette.co.uk
  
  Charles Tyrwhitt is anticipating its business will grow by 20% over the next year as demand for casual workwear surges.
  The shirtmaker said it now sees “growth in customers’ shopping baskets from more casual categories”, in a move away from pre-pandemic when it was focused on the sale of ties and blazers to office workers.
  The business has stepped “into the expansion of the modern man’s working wardrobe to become the go-to brand for dressing men for the work ‘
  
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• ‘We’re the last bastion of rental’: the video stores resisting the rise of streaming

  15-04-2024 10:00
  
  Cheap DVDs, torrenting and streamers looked to have killed off video rentals. But a group of cinephile shop owners are keeping the flame aliveA man shuffles along a royal blue carpet and props himself up against a stacked shelf of videos. Reeling off a list of films, he is handed three store-branded DVD cases. In return? A crisp fiver – plus his thoughts on South Korean horror flicks without any dialogue. This isn’t a sepia-tinged flashback from the past. Nor is it all
  
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• The Body Shop plans to slash tax bill if it exits administration

  15-04-2024 09:41 via retailgazette.co.uk
  
  The Body Shop administrators have been working on a deal to cut its tax bill in order to boost cash for creditors facing losses following its collapse.
  The administrators have drawn up proposals to retain £66m worth of tax benefits racked up before it fell into insolvency, as they seek creditors’ approval over a restructuring agreement.
  The creditors will benefit from a proposal to protect tax losses, which may be used to lower corporation tax due in the future, if The Body Shop can
  
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• Kingfisher chair exits after seven years in the role

  15-04-2024 09:37 via retailgazette.co.uk
  
  Kingfisher has announced that its chair of the board, Andrew Cosslett, will step down from his role after seven years.
  The executive will leave his position at the end of Kingfisher’s annual general meeting on 20 June, with the company’s independent non-executive director, Claudia Arney, taking over the role.
  Arney, whose appointment will take effect at the same time, also currently chairs the board’s remuneration committee.
  Andrew Cosslett said: “It has been a privilege
  
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• Ex-BHS owner returns to jail for breaching licence conditions

  15-04-2024 09:03 via retailgazette.co.uk
  
  Former BHS owner, Dominic Chappell, has returned to jail following his release in November, after he served half of his six-year sentence for tax evasion.
  Chappell, who purchased BHS for £1 in 2015, was made to return to HMP Guys Marsh in Dorset for breaching his license conditions, according to The Times.
  The failed businessman was recalled to jail in March for breaking conditions related to the consultancy work he was carrying out, the publication reported.
  Chappell had partnered with ch
  
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• Asda teams up with Pharmacy2U to launch online prescription service

  15-04-2024 08:36 via theretailbulletin.com
  
  Asda has become the first UK supermarket to launch an online prescription service. The retailer has teamed up with Pharmacy2U to launch the Asda Online Pharmacy... View Article
  
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• Trudon and Metal Morphosis to join line-up at Seven Dials

  15-04-2024 08:00 via theretailbulletin.com
  
  French candlemaker Trudon is set to open its first UK physical store at Covent Garden’s Seven Dials this June. Founded in 1643, the brand is the... View Article
  
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• Mango invests in shared mobility start-up Hoop Carpool

  15-04-2024 08:00 via theretailbulletin.com
  
  Mango is extending its innovation activities by investing in Hoop Carpool, a start-up that offers companies and universities a mobility alternative where employees and students can... View Article
  
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• Cubitts to open first international store in the heart of New York City

  15-04-2024 08:00 via theretailbulletin.com
  
  Modern spectacle maker Cubitts has chosen New York’s SoHo for the launch of its first international store. Set to be the brand’s US flagship, the shop will open... View Article
  
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• The Customer Experience Foundation (CXFO) announces the CX Retail Symposium 2024

  15-04-2024 07:33 via theretailbulletin.com
  
  CXFO is hosting its inaugural CX Retail Symposium on the 16th May, 2024 Registration is free, secure your spot today and get ready to elevate your... View Article
  
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• Kering appoints Stefano Cantino as the deputy chief executive of Gucci

  15-04-2024 07:11 via theretailbulletin.com
  
  Luxury group Kering has appointed former Louis Vuitton and Prada executive Stefano Cantino as the deputy chief executive of Gucci. Due to take up his role... View Article
  
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• Healthy Pet Store hosts “stuff-a-thon” in aid of local dog shelters

  15-04-2024 07:11 via theretailbulletin.com
  
  A Southampton pet food retailer has teamed up with dog toy brand Kong to raise funds for local dog shelters through a ‘stuff-a-thon’ event. Healthy Pet... View Article
  
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• ‘There’s no going back’: reasons to be hopeful about the future of fashion

  15-04-2024 07:00
  
  From textile waste to microplastics, the industry is broken. But with Fashion Revolution Week starting today, we ask sustainability experts for some positive news• Don’t get Fashion Statement delivered to your inbox? Sign up hereAt times it is incredibly hard to be optimistic about the fashion industry, with its £1 bikinis and £0 boots. Fashion is the world’s second-largest industrial polluter, accounting for 10% of carbon emissions. Microscopic fibres from synthetic
  
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