Retail news

• Nike to launch value trainer line after weaker-than-expected sales

  30-06-2024 14:13 via retailgazette.co.uk
  Nike is planning to launch a new $100-and-under sneaker line as it looks to combat weak sales.
  The sporting giant’s chief financial officer confirmed on Thursday that the new range, which is priced around £79 or less, will be rolled out in countries around the world, Reuters reported.
  It comes as Nike slashed its 2025 forecast after reporting weaker-than-expected fourth quarter sales, which fell 2% to £9.6bn. Related StoryNike slashes 2025 forecast as it posts weaker-than-expec
  
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• Nike to launch $100 sneaker line after weaker-than-expected sales

  30-06-2024 14:13 via retailgazette.co.uk
  Nike is planning to launch a new $100-and-under sneaker line as it looks to combat weak sales.
  The sporting giant’s chief financial officer confirmed on Thursday that the new range, which is priced around £79 or less, will be rolled out in countries around the world, Reuters reported.
  It comes as Nike slashed its 2025 forecast after reporting weaker than expected fourth quarter sales, which fell 2% to £9.6bn. Related StoryNike slashes 2025 forecast as it posts weaker-than-expec
  
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• The Body Shop: Gordon Brothers and Alteri eye rescue bids

  30-06-2024 13:52 via retailgazette.co.uk
  
  Private equity giants Gordon Brothers and Alteri Investors are among those eyeing a possible rescue of The Body Shop’s stricken high street operations.
  The Laura Ashley-owner, which is led by former Mothercare boss Mark Newton-James in the UK, is understood to have submitted a rescue bid with administrators for what is left of the cosmetic chain, The Telegraph reported.
  Newton-James previously had two stints as chief executive of the British nursery retailer, the second of which saw him sh
  
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• Boots CEO Seb James quits as owner abandons sale

  30-06-2024 13:20 via retailgazette.co.uk
  
  Boots boss Seb James is stepping down from the retailer after its owner shelved plans for a multibillion-pound sale for the second time.
  The chief executive, who joined the high street health and beauty chain in 2018, will leave the business in November, Sky News reported.
  City sources said that James had accepted a new role in the healthcare industry.
  His departure comes days after it emerged that New York-listed owner Walgreens Boots Alliance (WBA) had decided against pursing a sale or a stock
  
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• Boots chief to depart after sale process stalls

  30-06-2024 13:01
  Sebastian James leaves in November as Walgreens indicates IPO or disposal for UK retailer is off the table
  
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