Retail news

• Mulberry names ex-Ganni boss Andrea Baldo as new chief executive

  09-07-2024 18:30
  Thierry Andretta is leaving the British luxury brand with immediate effect
  
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• Timpson CEO resigns to focus on new prisons minister role

  09-07-2024 17:07 via retailgazette.co.uk
  
  Timpson CEO James Timpson has resigned from the business to focus on his new role as minster for prisons, parole and probation.
  In a statement shared on LinkedIn, his father, Sir John Timpson said he will spend more time with the key cutting and shoe repair specialist while his son carries out his “important job”.
  Sir John said: “I will rely on support from Paresh Majithia, who becomes our acting group managing director, to pick up the detail normally overseen by James.
  “
  
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• Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval

  09-07-2024 17:00
  Fast-fashion group faces allegations over its supply chain and lack of sustainability
  
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• In pictures: Selfridges unveils ‘Champion Sports Bar’ in latest brand takeover

  09-07-2024 16:41 via retailgazette.co.uk
  
  Selfridges London has partnered with athletic brand Champion to open the doors to the ‘Champion Sports Bar’ to celebrate this summer of sport.
  The brand has transformed the Harry Gordon’s Bar & Kitchen, located on the Oxford Street department store’s lower ground floor, into a USA sports bar-themed venue as part of a two-month takeover.
  Champion said the bar showcases its rich sporting heritage and features exclusive vintage pieces from its New York Archives that
  
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• Holland & Barrett to open concessions in Next

  09-07-2024 16:04 via retailgazette.co.uk
  
  Holland & Barrett has partnered with Next to open new “store within a store” concessions this summer.
  The health and wellness specialist will open inside three of Next’s stores, including its Martlesham Heath Ipswich shop from Wednesday (10 July).
  The move will allow customers to shop from up to 1,000 of Holland & Barrett’s top products across health, sports nutrition and beauty, as well as access personalised advice from store staff.
  The retailer’s second c
  
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• Mulberry welcomes ex-Ganni boss as new CEO

  09-07-2024 15:31 via retailgazette.co.uk
  
  Mulberry has named former Ganni boss Andrea Baldo as its new CEO, as the fashion retailer continues to grapple with a slowdown in luxury spend.
  Baldo is set to replace Thierry Andretta from 1 September, who is stepping down from the business with immediate effect having worked there since 2015.
  The new executive served as CEO and executive director of Ganni from October 2018 to this April. Previously, he was CEO and board director of handbag company Coccinelle from 2016 until 2018, and served as
  
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• ‘Who buys a retail brand during Covid?’ The man who revived salad chain Tossed

  09-07-2024 15:00
  
  The healthy eating chain almost collapsed during lockdown, but now has visions of putting down roots beyond its core London marketNeil Sebba, the managing director of healthy eating chain Tossed, does not take long when asked if he is a risk-taker.“Yes: who buys a brand in Covid in a market that is completely dead?” he says, reflecting on the decision he and co-owner Angelina Harrisson took to buy the business out of administration in September 2020. Continue reading...
  
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• Peacocks, Bonmarché and Edinburgh Woollen Mill bounce back into profit

  09-07-2024 14:06 via retailgazette.co.uk
  
  Peacocks, Bonmarché and Edinburgh Woollen Mill have returned to profitability for the first time since they were rescued from administration in 2021.
  The three fashion brands’ strong performance has been spurred by an extensive restructuring plan across its store estate and investment into product ranges as it sought to recover from the impact of the Covid-19 lockdowns.
  Peacocks reported a pre-tax profit of £8.3m in the 52 weeks to 25 February 2023, up from a loss of £19
  
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• UK Customer Satisfaction levels remain low, threatening economic recovery

  09-07-2024 13:29 via theretailbulletin.com
  
  Customer satisfaction scores have reached their lowest level since 2010 across the UK, potentially impeding business growth and economic recovery. Despite the intrinsic link between high... View Article
  
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• Monsoon and Accessorize launch Fashion Futures Scholarships

  09-07-2024 13:29 via theretailbulletin.com
  
  Monsoon and Accessorize proudly announce their commitment to funding scholarships for trailblazing students at London College of Fashion (LCF) and Central Saint Martins (CSM), University of... View Article
  
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• Nike rehires marketplace VP in DTC U-turn

  09-07-2024 12:57 via retailgazette.co.uk
  
  Nike has rehired a retired senior executive to oversee retail partnerships in a bid to revive falling sales.
  The sports giant has brought back Tom Peddie, who retired from the business in 2020 after more than 30 years, as its vice president of marketplace partners, Bloomberg reported.
  Nike is understood to be trying to rebuild relationships with retailers, such as Foot Locker, after it pulled its products when it shifted its strategy to focus on direct-to-consumer (DTC) sales in 2022. Related St
  
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• AO invests £2m into delivery fleet to reduce carbon emissions

  09-07-2024 12:54 via retailgazette.co.uk
  
  AO has invested more than £2m into its delivery fleet, as it seeks to drive down carbon emissions.
  The electricals retailer is transitioning its tractor units from diesel to compressed natural gas (CNG), with aims to have 90% of its vehicles running on the fuel by 2030.
  AO initially bought 10 CNG tractor units in 2022, and has now introduced a further 10 into its fleet.
  The switch will enable a reduction of up to 85% in carbon dioxide emissions compared to its existing diesel vehicles, acc
  
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• The Perfume Shop unveils experiential store in Aberdeen

  09-07-2024 12:25 via theretailbulletin.com
  
  Celebrating its 32nd anniversary this year, The Perfume Shop continues to provide the latest perfume launches, celebrity scents, and timeless designer fragrances. The new store promises... View Article
  
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• Naked Wines unveils new credit facility as CFO departs

  09-07-2024 11:14 via retailgazette.co.uk
  
  Naked Wines chief financial officer and executive director James Crawford is exiting the business, following the finalisation of the group’s new credit line with PNC Bank.
  Crawford is stepping down in the autumn, with his departure consistent with the two-to-three-year incentive arrangement agreed with the executive when he rejoined the company’s board as CFO in 2022.
  Naked Wines non-executive chairman Rowan Gormley said: “James has been with the company for over 10 years, as b
  
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• Co-op signs franchise deal with Zuber Issa’s EG Group as it targets ‘significant growth’

  09-07-2024 11:11 via retailgazette.co.uk
  
  Co-op has inked a new franchise agreement with EG On The Move as the convenience retailer targets “significant franchise growth ambitions”.
  Seven new Co-op franchise stores open this summer in Doncaster, Billinghurst, Glasgow, Portlethen, Macmerry, Ipswich and Finmere with petrol forecourt business EG On The Move.
  The first store as part of the new agreement is set to launch in Ogden Road, Doncaster, this week as the retailer looks to scale its franchise business to reach over 500 sh
  
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• Co-op signs EG On The Move franchise deal as it targets ‘significant growth’

  09-07-2024 11:11 via retailgazette.co.uk
  
  Co-op has inked a new franchise agreement with EG On The Move as the convenience retailer targets “significant franchise growth ambitions”.
  Seven new Co-op franchise stores open this summer in Doncaster, Billinghurst, Glasgow, Portlethen, Macmerry, Ipswich and Finmere with petrol forecourt business EG On The Move.
  The first store as part of the new agreement is set to launch in Ogden Road, Doncaster, this week as the retailer looks to scale its franchise business to reach over 500 sh
  
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• Majestic sets its sights on 125 new locations as part of bricks and mortar expansion

  09-07-2024 11:08 via theretailbulletin.com
  
  Wine retailer Majestic has identified 125 locations where it would like to open new stores as it accelerates its investment in bricks and mortar retail. The... View Article
  
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• Lidl to introduce EV charging payments to rewards app

  09-07-2024 10:44 via retailgazette.co.uk
  
  Lidl is to become the first UK supermarket to integrate electric vehicle (EV) charging payments within its rewards app.
  The move means that customers using the discounter’s EV charging points will shortly be able to pay for their use through the Lidl Plus app.
  The supermarket said the transition from current provider Pod Point will start this summer and is due to be completed across more 370 charge points nationwide by the end of the year.
  It added that customers will be notified via the P
  
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• Aldi to open 10 new stores this summer

  09-07-2024 10:13 via retailgazette.co.uk
  
  Aldi is planning to open more than 10 new stores across the UK in the coming months as it continues with its rapid expansion plans.
  The discounter said the new locations put it on track to meet its target of opening 35 new supermarkets this year under a £550m investment.
  New Aldi stores in Waltham Cross in Hertfordshire and Olney Park in Milton Keynes will open in the next month, while towns such as Aberdare in Wales, Broughty Ferry in Dundee and Leytonstone in London will see new shops op
  
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• Majestic sets sights on 125 new store locations

  09-07-2024 09:43 via retailgazette.co.uk
  
  Majestic Wine has identified 125 potential new store sites across England, Scotland, Wales and the Channel Islands, as it aims to open an average of one new shop per month.
  The move comes as the wine chain pushes forward with its investment into experiential bricks-and-mortar retail, as it seeks to attract new shoppers, drive sales and win market share.
  Majestic has identified almost 30 locations in Central London where it could launch smaller format sites, following the success of its ‘mi
  
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• Naked Wines CFO to step down as company agrees new credit facility

  09-07-2024 09:32 via theretailbulletin.com
  
  Naked Wines has said its chief financial officer is to step down as it announced that it had secured a new $60 million credit facility. With... View Article
  
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• Interview: Lucy Litwack, owner and chief executive of Coco de Mer

  09-07-2024 09:32 via theretailbulletin.com
  
  Luxury lingerie brand Coco de Mer has opened a permanent store in London’s Knightsbridge that signals its commitment to bricks and mortar as it also puts... View Article
  
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• Montirex to launch debut pop-up store at Liverpool ONE

  09-07-2024 08:57 via theretailbulletin.com
  
  The Montirex technical outdoor and sportswear brand is to open a pop-up store on Liverpool ONE’s South John Street. The move follows the success of its... View Article
  
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• June retail sales impacted by poor summer weather

  09-07-2024 08:57 via theretailbulletin.com
  
  This year’s poor summer weather dampened retail sales in June as consumers held back on warm weather clothing and garden purchases. Figures from the BRC-KPMG Retail... View Article
  
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• Asda takes to the skies with hot air balloon wine tasting experience

  09-07-2024 08:57 via theretailbulletin.com
  
  Asda is offering customers the chance to win wine tasting sessions in a hot air balloon 2,000 feet above the ground. From 24th to 25th July,... View Article
  
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• Asda shakes up management amid slew of departures

  09-07-2024 08:41 via retailgazette.co.uk
  
  Asda has reshuffled its management team, amid a slew of departures and arrivals to the business.
  The supermarket confirmed its chief transformation officer Mark Simpson was stepping down from his role “by mutual consent,” The Grocer reported.
  Simpson joined Asda back in 1997, and has held various senior positions such as chief supply chain officer and vice president supply chain.
  It is thought that the chief transformation officer position will no longer exist following his exit with
  
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• Asda CTO Mark Simpson exits supermarket as Iceland buying director steps up to the plate

  09-07-2024 08:41 via retailgazette.co.uk
  
  Asda is reshuffling its management team once again, under its latest round of departures and arrivals to the business.
  The supermarket confirmed its chief transformation officer Mark Simpson was stepping down from his role “by mutual consent,” The Grocer reported.
  Simpson joined Asda back in 1997, and has held various senior positions such as chief supply chain officer and vice president supply chain.
  It is thought that the chief transformation officer position will no longer exist f
  
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• Retail sales dip in June as UK’s cooler weather and cost of living bite

  09-07-2024 07:01
  
  Clothes, shoes, DIY and gardening perform poorly compared with spending surge during last year’s heatwaveUK retail sales slumped last month as cold weather deterred shoppers from buying summer clothing and gardening supplies, despite pressure easing on households amid a slowdown of inflation.The latest snapshot from the British Retail Consortium showed a 0.2% drop in total UK retail sales compared against June last year. Continue reading...
  
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• Interview: How Superdrug is primed for future growth

  09-07-2024 01:06 via retailgazette.co.uk
  
  Starting with a single store in Putney, London in 1964, Superdrug has evolved into a health and beauty retail giant over the course of six decades.
  Known for its focus on value and competitive pricing, the retailer quickly expanded to over 800 stores nationwide. This value stance has seen the business thrive amid the cost-of-living crisis as it enters its 60th year, and just yesterday revealed that pre-tax profits had soared 43% to £111.6m in the year to 30 December.
  Its market share grew
  
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• June heatwave fails to lift retail sales

  09-07-2024 01:01 via retailgazette.co.uk
  
  Retail sales fell flat last month as the late June heatwave failed to offset the dampened consumer spending across the earlier part of the month.
  The latest figures from the British Retail Consortium (BRC) show total sales slipped 0.2% last month, against a growth of 4.9% in June 2023. This was below the 12-month average growth of 1.5%.
  Food sales rose 1.1% year on year over the three months to June, against a growth of 9.8% in June 2023 and the 12-month average of 5.5%.
  However, non-food s
  
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