Retail news

• Data: Who are retail’s highest paid bosses?

  19-06-2024 23:46 via retailgazette.co.uk
  
  Executive pay in retail has been in the spotlight over recent weeks as Tesco boss Ken Murphy became the sector’s highest paid chief executive last year when his pay packet doubled to £9.93m.
  However, he may face competition from Asda’s new boss as it emerged that co-owner Mohsin Issa is creating a £10m package to woo a prospective leader. Retail Gazette takes a look at the sector’s highest paid bosses.
  Tesco’s Murphy admitted last week he was “well paid&
  
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• Labour resists calls to close tax loophole used by Shein

  19-06-2024 18:13
  Rivals demand crackdown on Chinese-founded fast-fashion company ahead of its planned London IPO
  
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• UK inflation: which everyday items have fallen in price most?

  19-06-2024 17:58
  
  The cost of gas, electricity and garden furniture has plunged … but cocoa and vets’ services cost a lot more• Labour says pressure on family finances still acute as inflation falls to 2%The UK’s annual inflation rate fell to 2% in May, in line with the forecasts of City economists.The Office for National Statistics compiles the overall reading using the consumer prices index but also logs prices for individual goods and services. Here we look at how the cost of many of th
  
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• Labour opposes demands to tackle UK tax loophole used by Shein

  19-06-2024 16:49 via retailgazette.co.uk
  
  Labour is resisting calls to close a tax loophole utilised by fast fashion giant Shein ahead of its planned London IPO.
  While some retailers and tax campaigners have called on the party to take measures against the company’s use of the loophole, Labour insisted it had no plans to do so, the Financial Times reported.
  Labour claims Shein’s listing, which would bring in a valuation of around £50bn, should be welcomed by the London Stock Exchange, insisting it would lead to higher
  
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• Mango to open biggest northeast store at Gateshead’s Metrocentre

  19-06-2024 16:48 via retailgazette.co.uk
  
  Mango is set to open a new store at Gateshead’s Metrocentre this summer, its biggest one in the region.
  The Spanish fashion retailer has taken a 6,233 sq ft space, where it will sell an assortment of womenswear and menswear, adjacent to Jo Malone in the centre’s lower Red Mall, next to the likes of Zara, H&M and Flannels.
  The signing comes as Mango revealed plans to open more than 20 new stores this year as it looks to bolster its presence in the UK.
  The business will grow its fo
  
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• Amazon’s workers at UK warehouse to vote on union representation

  19-06-2024 15:58
  Results of ballot of 3,000 Coventry-based staff due on July 15
  
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• Amazon to invest £23m in upskilling UK staff

  19-06-2024 11:06 via retailgazette.co.uk
  
  Amazon is investing £23m into upskilling its UK staff as part of its Career Choice programme aimed to support current and future jobs.
  It forms part of a £34m commitment in its European-wide initiative as it marks the 10th anniversary of the training programme with new investment and the addition of 25 new training paths, Retail Week reported.
  The online giant’s investment into its Career Choice programme in the UK, which provides 95% of pre-paid tuition worth up to £8,00
  
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• Amazon UK workers to vote on union recognition

  19-06-2024 09:45 via retailgazette.co.uk
  
  Amazon UK could be forced to recognise a trade union for the first time as its warehouse workers are set to begin voting next month.
  Union GMB have arrived at the retailer’s Coventry depot to kick off a month-long ballot process that will see more than 3,000 staff invited to a series of 45-minute meetings with union representatives and separate gatherings with the e-commerce giant, at which the two sides will make their case.
  Voting will then take place in the workplace from 8 July, with t
  
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• Games Workshop sees jump in full year profit

  19-06-2024 09:41 via theretailbulletin.com
  
  Games Workshop has said it expects its full year profit to rise to no less than £200 million from £171 million in the prior year. In a... View Article
  
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• Comment: Smaller stores delivering big results

  19-06-2024 09:41 via theretailbulletin.com
  
  When refreshing the front of my house recently, the large container of masonry paint was ordered online for collection the next day from the B&Q store... View Article
  
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• A revolution is coming

  19-06-2024 09:41 via theretailbulletin.com
  
  The tipping point into more responsible consumption is closer than ever before. The good news is that any company that sells products can take three relatively... View Article
  
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• M&S drops ban on alpaca wool

  19-06-2024 09:19 via retailgazette.co.uk
  
  M&S has reversed its decision to ban the use of alpaca wool in a move that threatens a backlash with animal rights campaigners.
  The high street retailer said it would be allowing the use of alpaca yarn in its clothes after banning the fibre in 2020 following pressure from campaign group Peta, The Telegraph reported.
  M&S said at the time an investigation by the animal rights group highlighted “concerns around the welfare of animals that are farmed to produce alpaca [wool]” and
  
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• Clarks puts 150 jobs at risk as it plunges to a loss

  19-06-2024 09:17 via retailgazette.co.uk
  
  Clarks is looking to cut more than 150 jobs after plunging to a loss amid weakened consumer demand and rising costs.
  Staff at risk of redundancy are understood to be across the footwear retailer’s global offices, which include UK headquarters in Somerset and an American head office in Massachusetts, Drapers reported.
  It is the latest round of job cuts and follows the dismissal of 103 members of staff in 2023 to “protect the progress has made over the last couple of years” on it
  
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• Uber Eats launches new Courier Pick and Pack service

  19-06-2024 09:06 via theretailbulletin.com
  
  Uber Eats has launched a new service where its couriers will  pick and pack their customer’s order from supermarket shelves and deliver it to their doorstep.... View Article
  
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• Mango to join line-up at Metrocentre

  19-06-2024 09:06 via theretailbulletin.com
  
  Mango is to open a new store at Gateshead’s Metrocentre this summer. The Spanish fashion retailer has taken a 6,233 square foot space adjacent to Jo... View Article
  
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• Furniture Village to open new Lincoln store

  19-06-2024 09:06 via theretailbulletin.com
  
  Furniture Village is to launch a new store at Lincoln’s Valentine Retail Park later this month. Spanning 17,957 square feet across two floors, the shop will... View Article
  
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• Amazon to invest a further £23 million in skills training for UK employees

  19-06-2024 09:06 via theretailbulletin.com
  
  Amazon has announced that it is investing a further £23 million in skills training for employees across the UK. The news comes as a study by... View Article
  
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• Co-op predicts Brits will enjoy cricket salads in 30 years time

  19-06-2024 01:01 via retailgazette.co.uk
  
  Co-op has released its predictions on how mealtimes could look in 2054, with cricket salads, lab-grown steaks and azolla burgers expected to top menus in place of classic dishes.
  The retailer tapped AI to create the images as it released its “responsible retailing report,” which explores the nation’s changing views on food ethics and sustainability over the past 30 years.
  Experts from FixOurFood and the University of York predict that the next 30 years will see farmers and prod
  
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