Retail news

• Shein fashion group plans to file for London listing in coming days

  02-06-2024 22:41
  Confidential filing would lay groundwork for blockbuster IPO and provide a coup for faltering UK stock exchange
  
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• Superdry landlord M&G ditches challenge to retailer’s rescue plan

  02-06-2024 12:29 via retailgazette.co.uk
  
  The owner of Superdry’s Oxford Street flagship, M&G, has ditched a challenge to its rescue plan, giving a boost to the fashion chain.
  The global investment manager, which initially considered a challenge to the retailer’s rescue plan in April, has decided not to continue with a formal objection, Sky News reported.
  M&G had previously engaged lawyers from Hogan Lovells to examine the proposals.
  City insiders also said that British Land, which owns various Superdry sites, object
  
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• M&S expands partnership with White Stuff across 10 additional stores

  02-06-2024 11:38 via retailgazette.co.uk
  
  White Stuff has expanded its partnership with M&S, opening in a further 10 of the retail giant’s UK stores this season.
  The tie-up, which includes the fashion and food retailer’s stores based in Southampton, Watford and Sheffield, brings White Stuff’s total store number to 20.
  Each new location is set to be specifically curated to offer shoppers “the best of White Stuff’s seasonal collections,” including its latest early summer edit, according to the busin
  
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• M&S CEO: ‘We should have overtaken Waitrose already’

  02-06-2024 11:07 via retailgazette.co.uk
  
  M&S boss Stuart Machin has claimed the supermarket should have already “overtaken” Waitrose, following its recent bumper profits.
  The retailer’s latest annual financial results revealed profits had jumped 41% to £673m, while sales had risen across both its fashion and food departments.
  Speaking to The Telegraph, the CEO said: “You could argue we should have overtaken [Waitrose] already. I might even be arguing that internally here.”
  Despite its recent succ
  
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• Ocado faces FTSE 100 relegation after failing to deliver on pandemic promise

  02-06-2024 09:00
  
  Its shares soared as Covid seemed to be changing shopping habits for ever. But they have fallen 50% this yearWhen Ocado entered the FTSE 100 six years ago, it was seen as a flag-bearer for changing consumer tastes, as traditional retailer Marks & Spencer narrowly avoided relegation from the top tier on the same day.This week, those roles look set to be reversed, with M&S riding high and Ocado now expected to drop out of the index of the UK’s top companies in the quarterly reshuffle
  
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• Did you pay for that? What is driving the massive rise in shoplifting?

  02-06-2024 01:05
  
  High streets across the UK are struggling with an epidemic of stealing. What’s behind this sudden crime wave and can anything be done to stop it?A man leaves a north London branch of Aldi carrying two bags of groceries that he did not pay for. He hadn’t planned to steal, but after becoming exasperated with the slowness of staff attending to the various glitches and alarms of the self-checkout system, and assuming it would go unnoticed, decides to just walk out the door.He crosses the
  
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