Retail news

• Shein files confidential paperwork ahead of possible London listing

  24-06-2024 18:40
  Singapore-based online fashion group is still waiting for greenlight from China’s regulators
  
  Read more

• Updated: THG chairman Lord Allen re-elected as just 9% of shareholders rebel

  24-06-2024 16:42 via retailgazette.co.uk
  
  THG chair Lord Charles Allen has retained his position with just 9.25% of shareholders voting against his re-election, despite dissent from a vocal activist investor. 
  Allen, the former CEO of ITV,  joined the health and beauty retail group in 2022 to help stabilise the company’s sliding share price.  His re-election comes despite Kelso Group, a minority shareholder with a 0.55% stake in the company, publicly opposing his reappointment as they voice concerns about what
  
  Read more

• UK high street will fall into ever fewer hands

  24-06-2024 16:17
  
  Consolidators such as Frasers and Next have significantly outperformed the wider market over the past year
  
  Read more

• The UK high street will fall into ever fewer hands

  24-06-2024 16:17
  
  Consolidators such as Frasers and Next have significantly outperformed the wider market over the past year
  
  Read more

• Advertisement

• L’Occitane sales exceed €2.5 billion milestone

  24-06-2024 13:40 via theretailbulletin.com
  
  L’Occitane International has seen its net sales increase by 19.1%, or 24.1% at constant rates, to €2.54 billion in the year to 31 March. The group... View Article
  
  Read more

• Top sustainable practices in retail

  24-06-2024 13:15 via theretailbulletin.com
  
  Sustainable retail practices are currently one of the most talked-about topics in the business world. As companies strive to satisfy the demands of a more ecologically... View Article
  
  Read more

• THG chairman Lord Allen set for re-election despite dissent

  24-06-2024 12:51 via retailgazette.co.uk
  
  The chairman of THG, Lord Charles Allen, looks set to retain his position, despite dissent from a vocal activist investor. 
  Allen, the former CEO of ITV,  joined the health and beauty retail group in 2022 to help stabilise the company’s sliding share price. He is expected to receive the backing of around 90% of the shareholders at today’s AGM.
  This comes despite Kelso Group, a minority shareholder with a 0.55% stake in the company, publicly opposing his reappointment as the
  
  Read more

• Evri close to sale as Yodel seeks rescue funding

  24-06-2024 12:35 via retailgazette.co.uk
  
  Two major players in UK parcel delivery, Evri and Yodel, are in the middle of significant financial manoeuvres. 
  Evri, one of the UK’s largest parcel delivery companies, is the focus of a heated auction. Top private equity firms such as Apollo Global Management and Platinum Equity have submitted initial offers, according to Sky News with Evri’s valuation is pegged at approximately £2bn.
  The auction, managed by Rothschild bankers, has attracted a mix of private equity
  
  Read more

• Advertisement

• Iceland ‘Frozen Out’ manifesto reveals consumers do not reel represented by politicians

  24-06-2024 11:16 via retailgazette.co.uk
  
  Iceland has released Frozen Out, its first-ever supermarket manifesto designed to give customers a voice as the General Election nears.
  A panel of seven customers from across the UK, selected to lead the manifesto, will provide monthly insights as part of Iceland’s initiative to bring real-world concerns to Westminster.
  The manifesto draws from a survey of over 6,500 customers, highlighting issues such as the cost-of-living crisis, which emerged as the top concern for respondents.
  It come
  
  Read more

• Iceland ‘Frozen Out’ manifesto reveals consumers do not feel represented by politicians

  24-06-2024 11:16 via retailgazette.co.uk
  
  Iceland has released Frozen Out, its first-ever supermarket manifesto designed to give customers a voice as the General Election nears.
  A panel of seven customers from across the UK, selected to lead the manifesto, will provide monthly insights as part of Iceland’s initiative to bring real-world concerns to Westminster.
  The manifesto draws from a survey of over 6,500 customers, highlighting issues such as the cost-of-living crisis, which emerged as the top concern for respondents.
  It come
  
  Read more

• IT industry representatives from around the world discussed trends in loyalty, finance, and telecommunications in Kraków at Comarch User Group 2024.

  24-06-2024 10:39 via theretailbulletin.com
  
  Bringing together representatives from 40 countries, the Comarch User Group is an event that has become a tradition. “The only continent lacking representation here is Antarctica,”... View Article
  
  Read more

• Frasers buys THG’s Coggles website as they unveil partnership deal

  24-06-2024 10:32
  
  Sports Direct owner to acquire luxury goods sites and sell online retailer’s protein powder in its shopsBusiness live – latest updatesMike Ashley’s Frasers has bought luxury goods websites from THG in a deal that will also include selling the online health and beauty retailer’s protein powder in Sports Direct shops.THG on Monday said it had sold sites including Coggles to Frasers as part of a partnership deal that also includes Frasers using THG’s technology in some
  
  Read more

• Mango promotes teen line through new store in Barcelona

  24-06-2024 10:02 via theretailbulletin.com
  
  Mango has taken a further step in growing Mango Teen with the launch of a new point of sale in Barcelona. The Spanish fashion brand now... View Article
  
  Read more

• Linnworks and Spreetail Europe Announce Swift Collaboration Project to Accelerate Global Ecommerce Growth

  24-06-2024 10:02 via theretailbulletin.com
  
  Linnworks, a leading provider of inventory management solutions for ecommerce, showcases their successful collaboration with Spreetail Europe, a leading global ecommerce leader. The ongoing partnership has... View Article
  
  Read more

• [Interview] Heather Jackson on GenM’s vision for Menopause Empowerment in retail

  24-06-2024 10:02 via theretailbulletin.com
  
  Gen M has been shortlisted for Retail Partner of the Year at the People in Retail Awards. We sit down with Heather Jackson, to find out... View Article
  
  Read more

• THG signs tie-up with Sports Direct owner Frasers

  24-06-2024 09:56
  Ecommerce group to sell luxury goods websites including Coggles to retailer
  
  Read more

• Under Armour agrees to £343m settlement in shareholder lawsuit

  24-06-2024 09:49 via retailgazette.co.uk
  Under Armour is to pay out $434m (£343m) to resolve a 2017 class action lawsuit that alleged the sportswear giant misled shareholders about its revenue growth projections. 
  The lawsuit accused Under Armour and its CEO Kevin Plank of providing deceptive information regarding the company’s financial status in order to meet Wall Street forecasts.
  The proposed agreement, which is still pending court approval, will avoid a trial that was planned for July, according to Reuters.Back in
  
  Read more

• Under Armour agrees to $340m settlement in shareholder lawsuit

  24-06-2024 09:49 via retailgazette.co.uk
  Under Armour is to pay out $434m (£343m) to resolve a 2017 class action lawsuit that alleged the sportswear giant misled shareholders about its revenue growth projections. 
  The lawsuit accused Under Armour and its CEO Kevin Plank of providing deceptive information regarding the company’s financial status in order to meet Wall Street forecasts.
  The proposed agreement, which is still pending court approval, will avoid a trial that was planned for July, according to Reuters.Back in
  
  Read more

• John Lewis launches eco-friendly clothing overhaul with new circular collection

  24-06-2024 09:26 via retailgazette.co.uk
  
  John Lewis has unveiled an environmental overhaul of its clothing range, addressing the concerns of Brits frustrated with fabric that shrinks or bobbles.
  In an effort to reduce the environmental impact of the clothing they sell, John Lewis has launched the first wave of products in its “innovative new circular collection” across home and fashion, specifically designed to “minimise waste and maximise longevity”.
  The retailer’s initial 20-piece circular collection, wh
  
  Read more

• Miniso prepares to open biggest store in the north

  24-06-2024 09:05 via theretailbulletin.com
  
  Miniso is preparing to open its biggest and “grandest” store in the north of England in Manchester’s Trafford Centre. Situated on the ground floor near to... View Article
  
  Read more

• Frasers Group to acquire THG’s luxury portfolio including Coggles

  24-06-2024 09:05 via theretailbulletin.com
  
  Frasers Group is to acquire THG’s luxury goods websites, including the Coggles fashion retailer, as it looks to strengthen its premium portfolio. The group has also... View Article
  
  Read more

• Australia threatens billion-dollar fines for supermarket price gouging

  24-06-2024 08:56
  Government plans mandatory code of conduct for large grocery chains amid cost of living crisis
  
  Read more

• Shein’s £50bn London float in jeopardy

  24-06-2024 08:53 via retailgazette.co.uk
  
  Shein might cancel its planned £50bn London listing amid growing concerns in Beijing about the fast-fashion giant’s business practices in the UK.
  There is increasing unease in Beijing about Shein’s portrayal in the UK, with some high-ranking Chinese government officials reportedly irked by the criticism it has faced, according to the Mail on Sunday.
  Attacks on the brand have come from some politicians, as well as the press, other retailers and investors.
  The Mail on Sunday rece
  
  Read more

• Frasers snaps up Coggles as it unveils multi-year partnership with THG

  24-06-2024 08:32 via retailgazette.co.uk
  
  THG has struck a new multi-year partnership with Frasers Group as the online group posted a strong first half performance.
  As part of the new deal, the MyProtein and LookFantastic owner has agreed to sell its portfolio of luxury goods websites, including Coggles to Mike Ashley’s Frasers Group.
  “Ingenuity will continue to support the brand portfolio across technology, digital marketing and fulfilment services post disposal,” the group said in a trading statement.
  THG, which kept
  
  Read more

• Footasylum to open first Aberdeen store

  24-06-2024 07:23 via theretailbulletin.com
  
  Footasylum is to open its first  Aberdeen store at the Union Square shopping centre. Due to launch in early September, the 7,000 square foot space will... View Article
  
  Read more

• John Lewis clothing range aims to ‘minimise waste and maximise longevity’

  24-06-2024 07:00
  
  Retailer says ‘circular design’ collection is the first stage of an environmental overhaul of its productsFabric that shrinks or bobbles is a pet peeve of Britons who want to buy long-lasting clothes, with the low quality of high street fashion contributing to the 30,000 shipping containers of clothing and homewares dumped by consumers every year.With retailers tasked with finding ways to reduce the environmental impact of the clothing they sell, the first wave of products in a new r
  
  Read more

Follow @retailuknws on Twitter!