Retail news

• Frasers Group appoints Goldman Sachs as it eyes Yoox Net-a-Porter deal

  15-07-2024 20:55 via retailgazette.co.uk
  
  Frasers Group has appointed Goldman Sachs as it considers snapping up Yoox Net-a-Porter from Swiss luxury goods company Richemont.
  Frasers is understood to have hired the investment bank to look into the potential takeover, according to Retail Week, and is currently preparing a non-disclosure agreement surrounding a deal.
  Richemont is understood to be seeking to carry out the deal for “next to nothing,” after its efforts to sell the fashion brand to Farfetch failed last year fol
  
  Read more

• Retailers rank cyber and data risks as highest concern over next year

  15-07-2024 17:42 via retailgazette.co.uk
  
  Cyber and data risks form retailers’ top concerns for the next year, research from Barclays Corporate Banking and consultancy Retail Economics has found.
  The findings showed that 34% of UK retailers surveyed viewed this area as their biggest risk, while 70% said it formed part of their top three risks over the next 12 months.
  Despite this, they said this was the area they felt the most confident in managing, having invested in technology to safeguard operations.
  The groups’ research
  
  Read more

• Superdry shares begin trading on share dealing platform

  15-07-2024 17:34 via retailgazette.co.uk
  
  Superdry’s shares have been admitted to trade on JP Jenkins share dealing platform, following its last day of trading on the London Stock Exchange on Friday (12 July).
  JP Jenkins allows is a share dealing platform for unlisted or unquoted companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis.
  The retailer’s delisting as a public company on the London Stock Exchange came into effect from 8am today as it begins work on its restruct
  
  Read more

• Superdry shares begin trading on JP Jenkins platform

  15-07-2024 17:34 via retailgazette.co.uk
  
  Superdry’s shares have been admitted to trade on JP Jenkins share dealing platform, following its last day of trading on the London Stock Exchange on Friday (12 July).
  JP Jenkins allows is a share dealing platform for unlisted or unquoted companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis.
  The retailer’s delisting as a public company on the London Stock Exchange came into effect from 8am today as it begins work on its restruct
  
  Read more

• Advertisement

• Superdry shares begin trading on JP Jenkins after LSE exit

  15-07-2024 17:34 via retailgazette.co.uk
  
  Superdry’s shares have been admitted to trade on the JP Jenkins share dealing platform, following its last day of trading on the London Stock Exchange on Friday (12 July).
  JP Jenkins is a share dealing platform for unlisted or unquoted companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis.
  The retailer’s delisting as a public company on the London Stock Exchange came into effect from 8am today as it begins work on its restructuri
  
  Read more

• New Burberry chief executive faces a daunting checklist 

  15-07-2024 17:33
  
  The UK group’s current predicament shows just how painful falling between two stools can be
  
  Read more

• Burberry must end emphasis on shock factor and focus on being loved again

  15-07-2024 16:35
  
  New CEO needs to join dots between avant garde catwalk looks and what customers want from British groupBurberry replaces CEO as it issues fresh profit warningBurberry has blessings that other brands would kill for. Everyone knows what a Burberry trenchcoat is, and pretty much everyone would be thrilled to have one. Burberry is a household name at a time when shoppers buying luxuries prize a prestige brand more than anything else. It is one of the elite labels that have meaning in the world of po
  
  Read more

• Hawes & Curtis to focus on casualwear as profits nosedive

  15-07-2024 16:26 via retailgazette.co.uk
  
  Hawes & Curtis has said it will focus more on casualwear this year to boost sales after rising costs wiped more than £3m from its profits.
  The fashion retailer reported its pre-tax profit had plunged 66% to £4.85m in the year to 31 December, down from £7.89m the year before.
  Sales nudged up 0.2% to £43.8m, which it attributed to an increase in online sales and demand for its product range.
  The menswear retailer expanded its product offering following the pandemic to i
  
  Read more

• Advertisement

• Wall Street stocks rise after Donald Trump assassination attempt – business live

  15-07-2024 16:03
  
  Live, rolling coverage of business economics and financial markets as share price of Trump Media & Technology Group and cryptocurrency price rise as traders position for Trump election victoryThe UK government’s stake in NatWest has fallen below 20% for the first time since the bank was bailed out during the financial crisis.NatWest, formerly Royal Bank of Scotland, said that the government now owns 19.97% of its shares, after selling off 81m. The government had owned 38% in May, befor
  
  Read more

• Wall Street stocks rise after Donald Trump assassination attempt – as it happened

  15-07-2024 16:03
  Live, rolling coverage of business economics and financial markets as share price of Trump Media & Technology Group and cryptocurrency price rise as traders position for Trump election victoryThe UK government’s stake in NatWest has fallen below 20% for the first time since the bank was bailed out during the financial crisis.NatWest, formerly Royal Bank of Scotland, said that the government now owns 19.97% of its shares, after selling off 81m. The government had owned 38% in May, befor
  
  Read more

• Primark names Tesco exec as new chief operating officer

  15-07-2024 14:27 via retailgazette.co.uk
  
  Primark has named former Tesco senior executive Nigel Jones as its new chief operating officer.
  Jones will be responsible for the high street retailer’s global supply chain and logistics, as well as its technology and business transformation function.
  He joins from Premier Inn owner Whitbread, where he worked as its group operations and transformation director for the last seven years. Related StoryPrimark unveils ‘refreshed’ brand identity and new summer campaign21/05/2024 x 9
  
  Read more

• Primark appoints Nigel Jones as chief operating officer

  15-07-2024 12:58 via theretailbulletin.com
  
  Primark has appointed former Tesco senior executive Nigel Jones as chief operating officer. Jones has joined the fashion retailer from Whitbread where he worked for seven... View Article
  
  Read more

• Mango celebrates strongest ever first half as sales hit £1.3bn

  15-07-2024 12:29 via retailgazette.co.uk
  
  Mango recorded its strongest ever first half sales during the first six months of this year, pulling in £1.30bn (€1.543bn).
  The fashion giant noted revenues were 6.3% higher than the same period last year, despite facing climate, inflationary and geopolitical pressures.
  Mango attributed its success to the positive reception of its collections by its shoppers and its value proposition, having launched various new capsule collections in the first six months of the year. These included i
  
  Read more

• Burberry replaces chief executive and warns on profits

  15-07-2024 11:56
  Shares hit as British luxury fashion group suspends dividend and announces departure of Jonathan Akeroyd
  
  Read more

• The Perfume Shop opens new experiential store in Coventry

  15-07-2024 11:15 via theretailbulletin.com
  
  The Perfume Shop has opened a new and improved experiential store at the West Orchards Shopping Centre in Coventry. The store features a new layout and... View Article
  
  Read more

• Sephora to launch store in Birmingham this winter

  15-07-2024 10:46 via theretailbulletin.com
  
  Sephora is to launch a new store at Birmingham’s Bullring this winter as part of its ongoing UK expansion. Customers at the new store will be... View Article
  
  Read more

• Shares in Trump’s media company surge and bitcoin rises after assassination attempt – business live

  15-07-2024 10:46
  Live, rolling coverage of business economics and financial markets as share price of Trump Media & Technology Group and cryptocurrency price rise as traders position for Trump election victoryThe share price of Donald Trump’s media company has surged in pre-market trading after the attempted assassination of the US presidential candidate.Demand for shares in Trump Media & Technology Group (TMTG), the owner of the X rival Truth Social, appeared to soar on Monday. The share price ros
  
  Read more

• Myprotein rolls out snack range to 300 WHSmith stores

  15-07-2024 10:43 via retailgazette.co.uk
  
  Myprotein has rolled out its snacks and treats range to more than 300 WHSmith stores nationwide, in a bid to target a wider range of shoppers.
  The sports nutrition brand, which is owned by THG Nutrition, has brought its range to WHSmith formats including high-street stores and travel stores at airports, train stations, hospitals, workplaces and motorway services.
  Its selection of products includes on-the-go treats such as Oat Bakes, Protein Brownies, Gooey Filled Cookies, Crispy Layered Bars and
  
  Read more

• Burberry replaces chief executive as it issues fresh profit warning

  15-07-2024 10:21
  Former Coach boss Joshua Schulman to take control as Jonathan Akeroyd departs with immediate effectBusiness live – latest updatesBurberry has ousted its chief executive as the luxury British brand warned on profits and said it wanted to “reconnect” with its core customers.In an unscheduled trading update on Monday, Burberry said Jonathan Akeroyd was leaving the company “with immediate effect” and “by mutual agreement with the board”. It comes less than t
  
  Read more

• Brown Thomas Arnotts focuses on customer loyalty and omnichannel agility with Aptos technology

  15-07-2024 09:37 via theretailbulletin.com
  
  Ireland’s leading luxury retailer to deploy latest versions of Aptos’ Sales Audit and CRM solutions Aptos, a leader in unified commerce solutions, announced today that Brown... View Article
  
  Read more

• Violence against store staff to be made into criminal offence

  15-07-2024 09:18 via retailgazette.co.uk
  
  The government is expected to change the law this week that will make assaulting retail workers a criminal offence following pressure from the sector.
  The new law, which makes assaulting, threatening or abusing a retail worker a standalone offence under the Crime and Policing bill, is expected to be announced in the King’s Speech on Wednesday, The Times reported.
  It comes as Tesco boss Ken Murphy called on the government this week to make changes to the current bill as attacks on store sta
  
  Read more

• H&M Home collaborates with Coqui Coqui

  15-07-2024 09:17 via theretailbulletin.com
  
  H&M Home has collaborated with lifestyle and fragrance brand Coqui Coqui Residences & Spa on a 26-piece interiors collection. The range includes two unique fragrances created... View Article
  
  Read more

• Burberry appoints new chief executive to succeed Jonathan Akeroyd

  15-07-2024 09:17 via theretailbulletin.com
  
  Burberry has announced that its chief executive Jonathan Akeroyd has stepped down by mutual agreement and has been succeeded by Joshua Schulman. The news comes as... View Article
  
  Read more

• Burberry suspends dividend payments following slump in first quarter sales

  15-07-2024 08:56 via theretailbulletin.com
  
  Luxury brand Burberry has suspended dividend payments for its current financial year as it announced that it expects to report a first half operating loss after... View Article
  
  Read more

• Burberry replaces CEO with ex-Michael Kors boss as it issues profit warning

  15-07-2024 08:50 via retailgazette.co.uk
  
  Burberry has replaced its chief executive, effective immediately, as it warned that annual profits will fall short of expectations after first quarter sales fell by a fifth.
  The luxury fashion house has hired ex-Michael Kors boss Joshua Schulman to replace Jonathan Akeroyd, who has stepped down “by mutual agreement with the board”.
  Burberry said Schulman, who was the president of Bergdorf Goodman from 2015 to 2020, joins the business with a track record of driving transformative grow
  
  Read more

• Data: Euros 2024 injects £3bn into British economy

  15-07-2024 08:30 via retailgazette.co.uk
  The Euros 2024 Championship has given the British economy a £3.1bn boost as football fever swept through the UK.
  Football fans are estimated to have spent at least £405m before of last night’s final between England and Spain, according to research from VoucherCodes.
  Retailers are estimated to have received a £280.1m boost, with the majority spent in supermarkets on last-minute food and drink for the game, The Telegraph reported.
  Tesco, which closed its Express stores seve
  
  Read more

• Myprotein launches products in over 300 WH Smith stores nationwide

  15-07-2024 08:19 via theretailbulletin.com
  
  THG has teamed up with WH Smith to enable to its online sports nutrition brand Myprotein to offer its range of products in over 300 WH... View Article
  
  Read more

• DFS appoints Currys CFO as non-executive director

  15-07-2024 07:51 via theretailbulletin.com
  
  DFS has appointed Currys chief financial officer Bruce Marsh as a non-executive director. When he takes up his role on 1 August, he will also become... View Article
  
  Read more

Follow @retailuknws on Twitter!