Retail news

• Kylie Cosmetics launches on LOOKFANTASTIC

  18-07-2024 17:41 via theretailbulletin.com
  
  LOOKFANTASTIC, Europe’s leading online beauty retailer, has announced the inclusion of Kylie Cosmetics into its diverse brand portfolio. This significant addition marks a milestone for LOOKFANTASTIC... View Article
  
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• Castore hires former JD Sports exec as new commercial director

  18-07-2024 17:34 via retailgazette.co.uk
  
  Castore has appointed former JD Sports exec Peter Alecock to serve in its newly-created position of commercial director.
  Alecock most recently held the position of CEO at home and fashion retailer Joe Browns, working in the role from July 2022 until February this year.
  Prior to that, he served as JD Sports chief operating officer from September 2019 until May 2022, after working at the sportswear giant under various commercial roles for 16 years. Related StoryDFS bolsters board with Currys CFO a
  
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• Castore hires former JD Sports COO as new commercial director

  18-07-2024 17:34 via retailgazette.co.uk
  
  Castore has appointed former JD Sports exec Peter Alecock to serve in its newly-created position of commercial director.
  Alecock most recently held the position of CEO at home and fashion retailer Joe Browns, working in the role from July 2022 until February this year.
  Prior to that, he served as JD Sports chief operating officer from September 2019 until May 2022, after working at the sportswear giant under various commercial roles for 16 years. Related StoryDFS bolsters board with Currys CFO a
  
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• Pret a Manger customers left fuming over end of ‘free drinks’

  18-07-2024 15:39
  Chain calls time on five-a-day coffee subscription it launched in UK after Covid pandemicUK politics live – latest updatesPret a Manger is axing its subscription offering members “free drinks”, almost four years after the deal launched in the UK to attract customers back after the Covid pandemic.In a move that has upset some customers, the coffee chain said it was “time to rethink” the Club Pret offer, and that instead of providing five drinks a day and a 20% discou
  
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• Amazon Prime Day UK: day two sales rise 8% as total event sales hit £1.3bn

  18-07-2024 13:58 via retailgazette.co.uk
  
  Sales during day two of the Amazon Prime Day event saw total UK online spend surpass £618m, according to Adobe Analytics.
  The sales represented a 8% increase on the £570m the retail giant raked in during the second day of last year’s event.
  The first 24 hours of this year’s Prime Day event saw £633.4m spent online, making it the biggest day for online shopping so far in 2024, with yesterday’s figures a close second.
  According to Adobe, the total online spendin
  
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• Amazon Prime Day: Day two UK sales rise 8% as £1.3bn spent across event

  18-07-2024 13:58 via retailgazette.co.uk
  
  Sales during day two of the Amazon Prime Day event saw total UK online spend surpass £618m, according to Adobe Analytics.
  The sales represented a 8% increase on the £570m the retail giant raked in during the second day of last year’s event.
  The first 24 hours of this year’s Prime Day event saw £633.4m spent online, making it the biggest day for online shopping so far in 2024, with yesterday’s figures a close second.
  According to Adobe, the total online spendin
  
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• Jollyes launches nationwide free poo bag giveaway

  18-07-2024 13:31 via retailgazette.co.uk
  
  Jollyes is giving away thousands of free poo bags as it teams up with local councils to encourage dog owners to ‘bag it and bin it’.
  The pet specialist is handing out 140 free ‘Power Poop’ rolls next Friday (26 July) to the first customers at the launch of its new Blackburn store, which opens at 10am.
  It will also give away 140 free poo bag rolls to the first customers shopping instore across its 100+ store estate on the same day. The move will see around 225,000 poop bag
  
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• Pret scraps free coffees under subscription shake up

  18-07-2024 13:06 via retailgazette.co.uk
  
  Pret is ditching its free drinks perk and food discount for subscribers as it replaces its subscription scheme with a “new and simpler offer”.
  The food to go chain revealed its Club Pret benefits are set to wrap up in September as it looks to provide “better value for everyone”.
  Under the changes, subscribers will no longer receive five free barista made drinks per day. Instead, they will be able to redeem 50% off on up to five barista made drinks a day for a reduced mont
  
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• Pret scraps free coffees under subscribtion shake up

  18-07-2024 13:06 via retailgazette.co.uk
  
  Pret is ditching its free drinks perk and food discount for subscribers as it replaces its subscription scheme with a “new and simpler offer”.
  The food to go chain revealed its Club Pret benefits are set to wrap up in September as it looks to provide “better value for everyone”.
  Under the changes, subscribers will no longer receive five free barista made drinks per day. Instead, they will be able to redeem 50% off on up to five barista made drinks a day for a reduced mont
  
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• M&S introduces new kidswear collaboration with all profits going to YoungMinds

  18-07-2024 12:20 via theretailbulletin.com
  
  Marks & Spencer has collaborated with Joe Whale, aka The Doodle Boy, on a new collection of kidswear items for the summer The 13-piece range of... View Article
  
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• Comment: From silver to gold for Tesco Finest

  18-07-2024 12:20 via theretailbulletin.com
  
  My personal recollection of the launch back in 1998 of the upmarket own-label range Tesco Finest involving lunch at the Natural History Museum was the abrupt... View Article
  
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• Do happy employees perform better? Insights from the retail sector

  18-07-2024 11:43 via theretailbulletin.com
  
  In my journey to understand whether happy employees indeed perform better, I set out to explore this notion from the ground level—from the trenches of retail,... View Article
  
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• Topps Tiles hit with shareholder backlash over executive pay

  18-07-2024 11:41 via retailgazette.co.uk
  
  Topps Tiles has been hit with a backlash from shareholders over several resolutions including the re-election of a director and its remuneration report during its annual general meeting.
  The tiles retailer said more than 20% of its shareholders voted against it’s remuneration report and the re-election of its non-executive director Diana Breeze, who has been on the board since February 2021 and is chair of the remuneration committee.
  In a statement issued to the London Stock Exchange, Topp
  
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• Frasers chief says appetite for luxury goods will ‘come back strong’

  18-07-2024 11:23
  Pre-tax profits down a fifth at group that owns upmarket chain Flannels and Sports Direct
  
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• Frasers Group hails ‘break-out’ year as it reports increased profit

  18-07-2024 10:15 via theretailbulletin.com
  
  Frasers Group,  the parent company of Sports Direct and House of Fraser, has posted annual profit at the top end of guidance despite a small drop... View Article
  
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• Carpetright rival Tapi closes in on rescue deal

  18-07-2024 09:59 via retailgazette.co.uk
  
  Carpetright’s largest competitor Tapi Carpets is moving closer to a deal to snap up its rival, potentially saving hundreds of stores and jobs.
  Tapi Carpets is in pole position to acquire the retailer, which put itself up for sale last week, following its formal bid to buy its brand name as well as a number of stores.
  The carpet business, which was established by members of the family that set up Carpetright, is not understood to want to buy its rival’s head office in Purfleet, Essex,
  
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• Dunelm annual profit to be slightly ahead of forecast after ‘strong’ fourth quarter

  18-07-2024 09:54 via theretailbulletin.com
  
  Homeware retailer Dunelm has posted increased fourth quarter and full year sales following volume-driven growth in its stores and online. In the 13 weeks to 29... View Article
  
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• 5 ways retailers can measure employee engagement

  18-07-2024 09:54 via theretailbulletin.com
  
  What is the retail workforce experience? An associate working behind a register or someone on the floor helping customers comes to mind. But the retail workforce... View Article
  
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• Frasers hails ‘break out year’ as profits hit top end of expectations

  18-07-2024 09:31 via retailgazette.co.uk
  
  Frasers Group profits have jumped 13.1% in what it described as a “break-out year” as the group benefited from its plan to diversify its portfolio and shift upmarket.
  The FTSE 100-listed firm posted an adjusted pre-tax profit of £544.8m in the year to 28 April – falling at the top end of its guidance range of £500m to £550m and up from £478m the year before – despite a 0.9% dip in total sales to £5.53bn.
  The Sports Direct and Flannels owner r
  
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• EssilorLuxottica acquires Supreme streetwear brand

  18-07-2024 09:06 via theretailbulletin.com
  
  Eyewear group EssilorLuxottica has acquired the Supreme streetwear brand from VF Corporation in a $1.5 billion deal. The transaction is expected to complete by the end... View Article
  
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• Dunelm profits ahead of expectations after strong summer sales

  18-07-2024 08:59 via retailgazette.co.uk
  
  Dunelm expects profits to come in slightly ahead of expectations thanks to a strong final quarter and consistent growth across the year.
  The homewares retailer reported total sales for the year edged up 4% to £1.7bn, driven by volume growth despite the “challenging consumer environment”.
  As a result, it expects pre-tax profits to come in slightly ahead of current market expectations at around £200m.
  It comes as final quarter sales rose 5% to £399m in the 13 weeks to
  
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• Superdrug cuts prices of common pain relief products

  18-07-2024 08:28 via theretailbulletin.com
  
  Superdrug has reduced the prices of common household pain relief products as it looks to make them more affordable for people who regularly suffer from pain.... View Article
  
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• Adidas and Thom Browne recommence battle over trademark stripes

  18-07-2024 08:16 via retailgazette.co.uk
  
  Adidas and fashion brand Thom Browne have recommenced their legal dispute over their trademark striped patterns.
  Thom Browne previously sued the sportswear giant in London during 2021 in a bid to repeal various Adidas trademarks with its three-striped logo.
  The New York brand insisted the sportswear titan was effectively trying to establish a monopoly over the use of stripes on clothing, Reuters reported.
  Adidas is now suing Thom Browne for allegedly breaking the terms of its trademarks through
  
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• Supreme snapped up by Ray-Ban owner EssilorLuxottica

  18-07-2024 08:07 via retailgazette.co.uk
  
  Supreme has been snapped up by eyewear business EssilorLuxottica under a £1.15bn ($1.5bn) deal, under its first apparel brand acquisition.
  The eyewear company, which manufactures glasses including Ray-Ban, Oakley and Oliver Peoples, bought the brand for less than its £1.61bn ($2.1bn) sale price to VF Corp in 2020.
  The VF deal marked an end to Supreme’s relationship with the Carlyle Group, which acquired a majority stake for $500m in 2017 that valued it at $1bn. Related StoryInt
  
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• Charity Super.Mkt to return to Bluewater this month

  18-07-2024 07:43 via theretailbulletin.com
  
  Charity Super.Mkt, the ‘department store for second-hand style’, will be returning to Kent’s Bluewater shopping centre this month. Launched 18 months ago by Maria Chenoweth and... View Article
  
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