Retail news

• The King’s Speech: A new dawn for Retail?

  17-07-2024 17:54 via theretailbulletin.com
  
  King Charles’ speech earlier today has unveiled significant legislative plans impacting the retail sector, sparking widespread reactions from industry leaders and community stakeholders. The announcement of... View Article
  
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• Amazon beats back union bid for UK recognition

  17-07-2024 16:31
  GMB ballot at Coventry warehouse falls just short of majority
  
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• Mary Portas backs calls to block Shein’s London listing

  17-07-2024 16:06 via retailgazette.co.uk
  
  Mary Portas has launched an online petition calling for the new Labour government to block Shein’s hoped-for £50bn London listing.
  The retail consultant joins a host of campaigners piling on pressure for the government to interfere after the fast fashion retailer confidentially filed papers with the Financial Conduct Authority (FCA) last month, Reuters reported.
  The “Say No to Shein” campaign, which is also backed by former Green Party lawmaker Caroline Lucas, wants the g
  
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• King’s Speech: Tesco, Co-op and BRC welcome new bill to crackdown on retail crime

  17-07-2024 15:44 via retailgazette.co.uk
  
  Tesco, Co-op and the British Retail Consortium (BRC) has welcomed the government’s commitment to tackling retail crime, as it was announced that attacking or abusing a shopworker will be made a standalone offence in the King’s Speech today.
  Co-op labelled the bill a “crowning moment” for store staff and said it marked a positive shift in tackling repeat and prolific offenders amid the surge in violence towards retail workers.
  The convenience retailer recorded more than 17
  
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• Italian watchdog probes Armani and Dior over alleged labour exploitation

  17-07-2024 13:24
  Authority to investigate whether luxury groups made ‘untrue ethical and social responsibility statements’
  
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• Amazon Prime Day UK sales hit record £633m

  17-07-2024 13:08 via retailgazette.co.uk
  
  Amazon Prime Day spend in the UK hit a record £633m on its first day (16 July), representing the highest ever daily ecommerce spend for the event.
  The figure marked a 9.1% rise compared to sales on the first day of the retail giant’s event last year, which came in at £581m.
  The spend also represented the biggest online shopping day of the year so far, according to Adobe Analytics.
  Amazon product categories that witnessed an uptick in sales included electronics, apparel, and per
  
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• Amazon Prime Day sales hit record £633m

  17-07-2024 13:08 via retailgazette.co.uk
  
  Amazon Prime Day spend in the UK hit a record £633m on its first day (16 July), representing the highest ever daily ecommerce spend for the event.
  The figure marked a 9.1% rise compared to sales on the first day of the retail giant’s event last year, which came in at £581m.
  The spend also represented the biggest online shopping day of the year so far, according to Adobe Analytics.
  Amazon product categories that witnessed an uptick in sales included electronics, apparel, and per
  
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• Co-op launches one of its biggest ever brand campaigns

  17-07-2024 12:41 via theretailbulletin.com
  
  The Co-op Group is launching one of its biggest ever campaigns as it looks to encourage the UK to become a “nation of co-operators”. The ‘Owned... View Article
  
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• Club L London appoints Richard Wing as chief financial officer

  17-07-2024 12:41 via theretailbulletin.com
  
  Womenswear retailer Club L London has appointed Richard Wing as chief financial officer. Wing has extensive retail experience having previously worked in senior finance roles at... View Article
  
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• Body Shop nears rescue deal with group led by British cosmetics tycoon

  17-07-2024 12:26
  
  Mike Jatania’s Auréa heading consortium in exclusive talks with administrators for UK chainBusiness live – latest updatesThe Body Shop is close to being bought out of administration after it agreed to exclusive rescue talks with a consortium led by the British cosmetics tycoon Mike Jatania.Jatania’s investment company, Auréa, is in negotiations with the UK cosmetic chain’s administrators over a deal. The Body Shop fell into administration in February, leadin
  
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• Amazon staff in Coventry lose union recognition vote

  17-07-2024 11:31 via retailgazette.co.uk
  
  GMB Union has lost its vote for union recognition at Amazon’s Coventry warehouse, following efforts for staff to be given the right to collectively bargain on pay and working conditions.
  While 49.5% of staff members voted in favour of union recognition, 50.5% voted against it. The union needed a majority to vote in favour but fell short by 29 votes.
  If workers voted for recognition, the GMB would be given the right to represent them in negotiations over pay, hours and holidays with the onl
  
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• Amazon workers in Coventry lose union recognition ballot by handful of votes

  17-07-2024 11:03
  
  TUC insists fight will go on after GMB fails to secure right to represent retailer’s staff by just 29 votesBusiness live – latest updatesThe TUC has insisted the battle for union recognition at Amazon will go on, after workers at the US retailer’s Coventry warehouse rejected the right to collective bargaining by a majority of just 29 votes.In a historic ballot that could have forced Amazon to recognise a union for the first time in the UK, 50.5% of the workers who voted rejecte
  
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• Food and fashion inflation dips as energy prices drop

  17-07-2024 10:41 via retailgazette.co.uk
  
  Inflation dropped for groceries and clothing during June, thanks to falling energy prices and a stronger pound, according to the latest consumer price inflation figures from the Office for National Statistics (ONS).
  The government department found inflation for food and non-alcoholic beverages dipped 0.2% to 1.5% compared to the previous month.
  The figure for clothing and footwear was down 1.2% on May to 1.6%, with the drop even steeper for children’s clothes.
  However, prices rose marginal
  
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• Brits expected to spend £1.4 billion on health and beauty this summer

  17-07-2024 09:55 via theretailbulletin.com
  
  A new poll by Superdrug has found that Brits are set to spend £1.4 billion on health and beauty this summer. It also found that over... View Article
  
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• Hugo Boss lowers full year guidance following slowdown in luxury market

  17-07-2024 09:20 via theretailbulletin.com
  
  Hugo Boss has lowered its full year guidance after a slowdown in the luxury market impacted its second quarter sales, particularly in the UK and China.... View Article
  
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• The Body Shop administrators enter exclusivity agreement with beauty industry tycoon

  17-07-2024 09:10 via retailgazette.co.uk
  
  The Body Shop administrators have entered an exclusivity agreement with investment group Auréa, which is co-founded by entrepreneur and beauty tycoon Mike Jatania and headed up by former Molton Brown CEO Charles Denton.
  Denton is credited with leading the turnaround of Molton Brown from the brink of collapse to a £170m business while Jatania, who was revealed to have entered discussions with FRP has previously built a portfolio of personal care brands such as Harmony hairspray, Lips
  
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• Former Molton Brown boss spearheads The Body Shop rescue deal

  17-07-2024 09:10 via retailgazette.co.uk
  
  The former chief executive of Molton Brown is spearheading a rescue of The Body Shop, which collapsed into administration earlier this year.
  The vegan beauty chain’s administrators confirmed on Wednesday it had entered an exclusivity agreement with investment group Auréa, which is co-founded by entrepreneur and beauty tycoon Mike Jatania.
  The group is led by ex-Molton Brown CEO Charles Denton, who is credited with leading the turnaround of the beauty chain from the brink of collapse
  
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• As Superdry exits the LSE, why are retailers shunning the stock exchange to go private?

  17-07-2024 09:04 via retailgazette.co.uk
  
  As Superdry exits the London Stock Exchange to “implement its turnaround plan away from the heightened exposure of public markets”, Vineta Bajaj explores why companies are shunning the stock exchange and instead opting to go private.
  Since the very first IPO in 1602 when the Dutch East India Company offered equity shares of its business to the public, the concept of “going public” has carried a certain prestige within the business world.  Becoming a publicly traded c
  
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• Sofa Club to debut in Liverpool

  17-07-2024 08:43 via theretailbulletin.com
  
  Sofa retailer Sofa Club is to open its first store in Liverpool as part of its UK expansion plans. Situated in the heart of the city... View Article
  
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• Adidas lifts outlook again as turnaround bears fruit

  17-07-2024 08:42 via retailgazette.co.uk
  
  Adidas has raised its full-year guidance for the second time in three months as its turnaround plan picks up pace.
  The sporting giant said it delivered a better-than-expected performance, with operating profits almost doubling from £147m (€176m) to £290m) €346m in the quarter to May. This was boosted by a £41m (€50m) contribution from the sale of parts of the remaining Yeezy inventory.
  Sales rose 9% to £4.8bn (€5.8bn), driven in part by the success of
  
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• Adidas lifts outlook again as Samba and Gazelles soar

  17-07-2024 08:42 via retailgazette.co.uk
  
  Adidas has raised its full-year guidance for the second time in three months as its turnaround plan picks up pace.
  The sportswear giant said it delivered a better-than-expected performance, with operating profits almost doubling from £147m (€176m) to £290m) €346m in the quarter to May. This was boosted by a £41m (€50m) contribution from the sale of parts of the remaining Yeezy inventory.
  Sales rose 9% to £4.8bn (€5.8bn), driven in part by the success o
  
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• Pangaia opens first UK standalone store

  17-07-2024 08:15 via theretailbulletin.com
  
  Pangaia has opened its first UK standalone store on London’s Carnaby Street. The environmentally focused apparel brand has taken a 1,500 square foot space from where... View Article
  
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• Co-op launches brand campaign to ‘re-introduce core values’

  17-07-2024 02:01 via retailgazette.co.uk
  
  Co-op has launched one of its biggest ever brand campaigns to encourage the UK to turn into a nation of co-operators.
  The ‘Owned by You. Right By You’ campaign highlights the social and financial benefits of a co-operative business model, and comes as a new survey by the retailer found that more than 50% of consumers don’t understand what it means when a business is a co-operative or a mutual.
  Meanwhile, 42% don’t know what constitutes a co-operative, or how being part of
  
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