Retail news

• Dollar Tree weighs sale of struggling Family Dollar discount stores

  05-06-2024 18:47
  A deal would reverse an acquisition that drew pressure from activist investors
  
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• Dollar Tree may pursue sale of Family Dollar discount variety store chain

  05-06-2024 16:14
  A deal would unwind an acquisition made nearly a decade ago representing nearly half the company’s US and Canada stores
  
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• Dollar Tree may pursue sale of Family Dollar discount store chain

  05-06-2024 16:14
  A deal would unwind an acquisition made nearly a decade ago representing nearly half the company’s US and Canada stores
  
  Read more

• Monsoon ties the knot with MyWardrobe to offer bridal and occasion rentals

  05-06-2024 13:52 via retailgazette.co.uk
  
  Monsoon has launched a partnership with clothing rental specialist MyWardrobe to offer shoppers a capsule collection of bridalwear and occasion dresses for hire.
  The addition of Rent Monsoon to the retailer’s website allows customers to rent a range of wedding dresses and products for the “modern bride”, such as its bestselling feather-trimmed bridal jumpsuit, as well as a limited collection of new season’s occasion dresses and formalwear.
  The fashion brand, which posted
  
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• Taste the Summer Memories with ICE INTENSO from Nespresso Professional

  05-06-2024 13:31 via theretailbulletin.com
  
  Summer is here. The sun is shining, everything is brighter than usual. Everyone’s in a good mood. The atmosphere is lighter, more cheerful, and time seems... View Article
  
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• UK retail sales to EU plunge post-Brexit

  05-06-2024 12:35 via retailgazette.co.uk
  
  British retail sales to the EU have plummeted £6bn since Brexit, despite a flourishing European ecommerce market, new research has found.
  While online retail is estimated to add £323bn of annual sales to EU economies, trade frictions from Brexit-related complexities are limiting this sales opportunity for UK brands and retailers, according to findings by Retail Economics and Tradebyte.
  The value of non-food retail exports had fallen nearly 18% to £2.7bn since 2019, with the clo
  
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• Sports Direct to launch membership programme and new app

  05-06-2024 11:06 via retailgazette.co.uk
  
  Sports Direct will launch a member programme next month alongside a new “enhanced” omnichannel app.
  David Clark, chief customer officer at Sports Direct’s owner Frasers Group, revealed it would launch the programme across the retailer’s 500 UK stores in the launch month. “We don’t go small,” he said.
  The move will allow the sports retailer “to create a value exchange with our consumers in-store”, Clark told Shoptalk Europe 2024.
  He teased tha
  
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• Join the UK’s premier invitation-only meeting for senior data leaders in retail

  05-06-2024 10:20 via theretailbulletin.com
  
  The CDO Retail Exchange is proud to announce its upcoming event on 10-11 July in London, a unique gathering designed exclusively for senior data leaders in... View Article
  
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• B&M beats lockdown peak as profits boosted by new store openings

  05-06-2024 10:04 via retailgazette.co.uk
  
  B&M said it has beaten its lockdown peak, thanks to new store openings and continued demand for its value offer from cash-strapped shoppers.
  The value retailer’s  statutory pre-tax profits jumped 14% to £498m in the 53 weeks to 25 March, up from £436m.
  Sales surged 10% to £5.48bn, up from £4.98bn, which it said was underpinned by volume growth in its UK fascia driven by its new store openings.Subscribe to Retail Gazette for free
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• True Fit launches new Gen AI solution, Fit Hub, which synthesises all size & fit product information to solve retailers’ online fit challenges

  05-06-2024 09:50 via theretailbulletin.com
  
  True Fit, the leading AI-driven platform that decodes size and fit for shoppers and fashion retailers, has announced the launch of Fit Hub, its new Generative... View Article
  
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• WHSmith well positioned for summer peak as ‘one-stop-shop’ strategy pays off

  05-06-2024 09:50 via retailgazette.co.uk
  
  WHSmith said it was well positioned to enter the summer trading period as sales jumped 5% in its last quarter.
  Group like-for-likes rose 4% in the 13 weeks to 1 June, led by a 5% jump in travel like-for-likes. The UK travel market was the star of the show, with like-for-likes up 8% and total sales up 9%.
  It said the transformation of the business to a “one-stop-shop” for travel essentials is delivering strong results, increasing average transaction values and returns.
  Air sales incre
  
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• Zara owner Inditex quarterly sales growth slows

  05-06-2024 09:15 via retailgazette.co.uk
  
  Zara owner Inditex said its first-quarter performance was in line with expectations despite reporting a slow-down in sales growth.
  Gross profit for the fashion giant jumped 7% to £4.2bn (€4.9bn) in the three months to 30 April, up from €4.6bn.
  Sales rose 7% to €8.2bn, or 10% on a constant currency basis, which represented a slowdown from last year’s performance when it benefited from a post-pandemic shopping spree.Subscribe to Retail Gazette for free
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• Asda poaches Lidl COO to strengthen executive leadership team

  05-06-2024 07:05 via theretailbulletin.com
  
  Asda has strengthened its executive leadership team with the appointment of Matt Heslop to lead its stores and depots operation. He will join the supermarket from... View Article
  
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• Co-op announces major reset of beer category

  05-06-2024 06:37 via theretailbulletin.com
  
  Co-op has announced a shake-up of its beer category which has included the expansion of its premium and world lager offering. The move has seen more... View Article
  
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• SportsShoes.com hails full year growth

  05-06-2024 06:09 via theretailbulletin.com
  
  SportsShoes.com saw its turnover increase by 11% to £90 million in the year to 29 February as it acquired 663,000 new customers. The online running shoes,... View Article
  
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• UK clothing sales to EU plummet as Brexit red tape deters exporters

  05-06-2024 01:01
  
  Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exportsUK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regulations and red tape at the border have deterred firms from sending goods across the Channel.Exports of clothing and footwear sold to EU countries have fallen from £7.4bn in 2019 to £2.7bn in 2023, helping fuel an 18% slump in sales of
  
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• Asda now the most expensive UK supermarket to buy fuel, study shows

  05-06-2024 01:01
  
  Chain once prided itself on selling the cheapest fuel but RAC analysis shows it is now the dearestAsda is now the UK’s most expensive supermarket fuel seller, research shows, after the retailer’s private owners ditched its long-held pledge to be the cheapest on the market.The retailer, which was bought by the billionaire Issa brothers and their private equity partner TDR Capital in 2021, charged an average 2.1p a litre more for unleaded petrol than rivals Tesco, Sainsbury’s and
  
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• In pictures: M&S teams up with Sienna Miller again for summer collection

  05-06-2024 00:45 via retailgazette.co.uk
  
  M&S has partnered with Sienna Miller for a limited-edition summer design collection, following their collaboration last year.
  The 33-piece collection, designed in partnership with the actress, is inspired by 1970s paisley prints, summer festivals, as well as Miller’s own vintage clothes.The offering will be available for customers from 6 June on the fashion retailer’s website and across 30 stores, including Marble Arch, Manchester and Newcastle, with prices varying from £25
  
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