Retail news

• Kering warns on profits after Gucci sales fall almost 20%

  24-07-2024 20:24
  Second-quarter performance highlights struggle to turn round Paris-based luxury company
  
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• Kering profit warning sends shares to 7-year low

  24-07-2024 20:24
  
  Second-quarter performance adds to French luxury group’s woes as top brand Gucci continues to struggle
  
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• Data: Shoplifting in England and Wales hits 20-year high

  24-07-2024 17:16 via retailgazette.co.uk
  
  The number of shoplifting offences recorded by police in England and Wales has reached a new 20-year peak.
  In the year leading up to March 2024, a total of 443,995 offences were reported by police forces, marking a 30% increase from the 342,428 incidents logged in the previous year.
  According to the Office for National Statistics (ONS), this figure is the highest since records started in March 2003. Related StoryColder June dampens retail sales19/07/2024 x 7:50 AMShoplifting incidents had alread
  
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• John Lewis founder’s great grandson joins Oak Furnitureland as finance boss

  24-07-2024 16:48 via retailgazette.co.uk
  
  Patrick Lewis, the great-grandson of John Spedan Lewis, founder of the department store chain, has joined Oak Furnitureland as its new finance boss.
  Lewis was chief financial officer of the John Lewis Partnership for six years before stepping down from the role and exiting in December 2020.
  He spent over 26 years at the retail giant in various senior leadership roles, including three years as managing director of partnership services and four years as supply chain director.
  Lewis will replace Oa
  
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• Waitrose restructures head office as it doubles down on customer service

  24-07-2024 14:22 via retailgazette.co.uk
  
  Waitrose has restructured its head office team as it makes changes to improve service standards and availability levels across its stores.
  The upmarket grocer is understood to have renamed its Bracknell head office internally as ‘Retail Support Centre’, which includes a retail service and standards team that will work with its store teams nationwide, The Grocer reported. It is unclear if any redundancies were made in the restructure.
  The new division is responsible for setting standa
  
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• JoJo Maman Bébé launches donation scheme ‘Jojo ReLoved’

  24-07-2024 14:19 via retailgazette.co.uk
  
  JoJo Maman Bébé is set to launch its new donation scheme, Jojo ReLoved, which will run from 1 – 31 August.
  The maternity and baby retailer said shoppers can donate good quality, pre-loved children and baby clothes from any brand and receive a £5 off voucher as a thank you to redeem in-store.
  It said the scheme aims to “prevent high-quality clothes that still have lots of life in them from going into landfill”.
  All donations will be sent to family community c
  
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• Shoplifting in England and Wales rises to new 20-year high

  24-07-2024 14:02
  Total of 443,995 offences in year to March 2024 up 30% on previous 12 months, says Office for National StatisticsThe number of shoplifting offences recorded by police in England and Wales has risen to a new 20-year high. A total of 443,995 offences were logged by forces in the year to March 2024, up 30% on the 342,428 recorded in the previous 12 months.The figure is the highest since current records began in the year to March 2003, according to the Office for National Statistics (ONS), which des
  
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• Naturally Tiwa Skincare partners with Willen Hospice

  24-07-2024 12:15 via theretailbulletin.com
  
  In a collaboration that blends purpose, impact, and profit, Naturally Tiwa Skincare (NTS) has announced its partnership with Willen Hospice, an organisation dedicated to providing compassionate... View Article
  
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• Crew Clothing celebrates profit boost thanks to ‘growth across all channels’

  24-07-2024 11:24 via retailgazette.co.uk
  
  Crew Clothing boosted its profits in its full-year results, citing “significant growth across all channels” and a slower increase in costs.
  The British clothing retailer saw EBITDA jump 26% to £17.1m for the year ended 31 December 2023, while sales rose 13%.
  Wholesale and third party sales shot up 28% at the brand, as ecommerce revenues jumped 18%. Store sales nudged up 5% for the period. Related StorySuperdry boss kicks off search for new chair as CTO exits24/07/2024 x 8:38 AM
  
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• LVMH leads sell-off in global luxury shares as downturn fears deepen

  24-07-2024 10:34
  Weaker than expected profits add to investor concerns about demand in China and industry outlook
  
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• Data: Asda and Morrisons lose market share as Aldi falters

  24-07-2024 10:31 via retailgazette.co.uk
  
  Asda and Morrisons’ market share has continued to fall, with discounter Aldi’s good run also faltering, as shoppers sought to splash out on groceries amid this season’s “summer of sport”.
  According to latest NIQ Total Till data, Asda’s market share dropped from 13.1% last year to 12% in the 12 weeks to 13 July, while Morrisons slipped from 8.5% to 8.4%.
  Discounter Aldi, who overtook Morrisons as the UK’s fourth largest grocer in 2022, saw its market shar
  
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• Co-op trials new chillers dedicated to single serve cans as it targets ‘on the go’ drinks market

  24-07-2024 09:40 via theretailbulletin.com
  
  Co-op has begun a 94 store trial of new BWS chillers dedicated to single-serve cans as part of plans to target the growing ‘on the go’ drinks... View Article
  
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• BP Pulse opens first EV charging hub at an M&S store

  24-07-2024 09:39 via theretailbulletin.com
  
  BP Pulse has opened its first EV charging hub at an M&S store as part of its exclusive agreement signed in 2022 to roll out EV... View Article
  
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• Superdry boss kicks off search for new chair as CTO exits

  24-07-2024 09:38 via retailgazette.co.uk
  
  Superdry boss Julian Dunkerton is seeking to rebuild the retailer’s board and has kicked off the recruitment process to hire a new chair and two independent non-executive directors.
  The move comes as the company’s board of non-executive directors stepped down from their roles following Superdry’s exit from the London Stock Exchange.
  The executive team has also been depleted with Retail Week reporting that chief technology officer Matt Horwood stepped down from his role ear
  
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• Iceland boss accuses Aldi and Lidl of ‘preventing competition on retail parks’

  24-07-2024 09:09 via retailgazette.co.uk
  
  Iceland managing director Richard Walker has claimed Aldi and Lidl are “preventing competition on retail parks” using “legal tricks” involving restrictive covenants in property deals.
  While restrictive covenants, which are clauses that stop rivals opening shops near their competitors, have been subject to a Competitions and Markets Authority (CMA) review of grocer land deals, the discounters are not required to meet the rules, according to The Grocer.
  This is due to Aldi
  
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• Seven Dials announces three menswear signings and Vivobarefoot upsize

  24-07-2024 08:40 via theretailbulletin.com
  
  London’s Seven Dials shopping district in Covent Garden has announced three new retail signings with menswear brands NN.07, Form & Thread and Wax London. NN.07 will... View Article
  
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• Arket opens first stores in Italy and Spain

  24-07-2024 08:03 via theretailbulletin.com
  
  Design and lifestyle brand Arket has opened its first physical stores in Italy and Spain in the cities of Milan and Barcelona. The flagship store in... View Article
  
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• Mango appoints new director of external communications, institutional relations and public affairs

  24-07-2024 07:45 via theretailbulletin.com
  
  Spanish fashion chain Mango has appointed Doris Casares as its new director of external communications, institutional relations and public affairs. She will join the company on... View Article
  
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• Payments using digital wallets surge in Britain

  24-07-2024 01:00
  
  Better security and looser limits on spending fuel mobile transactions as cash continues its decline, report finds
  
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