Retail news

• Why is Frasers Group building a shopping centre portfolio – and what is it doing with it?

  25-07-2024 21:53 via retailgazette.co.uk
  
  Frasers Group is known for being one of the sector’s most prolific investors in retail brands, but it’s also quickly becoming a property giant.
  The Mike Ashley-controlled business is currently in talks to acquire the entire Princesshay Shopping Centre in Exeter after US-based asset manager Nuveen put its 50% stake up for sale last month.
  If a deal is agreed, the centre would add to Frasers’ rapidly expanding property portfolio, which also includes Doncaster’s Frenchgate s
  
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• Evri to be snapped up by private equity giant Apollo

  25-07-2024 17:23 via retailgazette.co.uk
  
  Evri is set to be sold to private equity firm Apollo for £2.7bn, after being offloaded by its owner Advent International.
  The sale is expected to complete during the first quarter of 2024, according to Advent.
  Since purchasing Evri in 2020, the asset management company has invested almost £200m into the parcel delivery service, which has reportedly tripled in size over the last five years. Related StoryRoyal Mail suitor to take on rivals with Amazon-style parcel lockers14/07/2024 x 8
  
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• THG to axe 171 jobs in new wave of redundancies

  25-07-2024 17:02 via retailgazette.co.uk
  
  THG is set to cut 171 jobs across various departments after revealing plans to slash 160 jobs across its marketing, sales and warehouse teams at the start of the year.
  The LookFantastic and MyProtein owner told employees it has put 581 jobs at risk as it looks to scrap 171 roles across six divisions including beauty and nutrition, The Financial Times reported.
  The latest wave of redundancies come as THG has cut almost a third of its workforce over the past two years as part of a cost-saving revi
  
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• British eco-paint brand YesColours partners with Anthropologie

  25-07-2024 17:00 via theretailbulletin.com
  
  YesColours, the British eco-paint brand, is delighted to announce their new availability at the lifestyle retailer Anthropologie. This partnership allows customers to purchase a selection of... View Article
  
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• Deliveroo partners with The Perfume Shop to boost retail and gifting offering

  25-07-2024 16:19 via theretailbulletin.com
  
  Deliveroo is partnering with the UK’s largest specialist fragrance retailer, The Perfume Shop, to expand its ‘Deliveroo Shopping’ offering. This collaboration will bring the luxury of... View Article
  
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• The Perfume Shop teams up with Deliveroo for speedy delivery

  25-07-2024 11:51 via retailgazette.co.uk
  
  The Perfume Shop has partnered with Deliveroo to offer a rapid delivery service on its fragrances.
  The initiative has been introduced to 21 of the retailer’s stores covering London, Manchester, Bristol, Birmingham, Leeds, Glasgow and Edinburgh.
  Customers will be able to shop from over 1,000 of The Perfume Shop’s most popular products and have them delivered in as little as 25 minutes.
  The tie-up with the fragrance retailer forms part of the rapid-delivery app’s ‘Deliveroo
  
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• Howdens profits edge up as it targets 30 new UK stores this year

  25-07-2024 11:37 via retailgazette.co.uk
  
  Howdens half-year edged up despite the “challenging marketplace” as the kitchens specialist aims to open 30 new UK locations and five international depots this year.
  Pre-tax profits for the trade kitchen supplier remained flattish at £112.3m in the 24 weeks to 15 June, compared to the £111.9m.
  Sales increased to £966.3m, driven by a 4.3% UK rise, as the business flagged “signficant growth opportunities” in its home market.
  Howdens attributed its resilien
  
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• Howdens maintains outlook despite market challenges

  25-07-2024 11:37 via retailgazette.co.uk
  
  Howdens has maintained its profit outlook as half-year edged up despite the “challenging marketplace”.
  Pre-tax profits for the trade kitchen supplier remained flattish at £112.3m in the 24 weeks to 15 June, compared to the £111.9m.
  Sales increased  £to966.3m, driven by a 4.3% rise in UK revenue to £933.7m and 2.5% lift in international to £32.6m.
  Howdens attributed its resilient performance to a £16m investment into strategic initatives which
  
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• Boohoo launches marketplace with over 150 brands

  25-07-2024 11:36 via retailgazette.co.uk
  
  Boohoo has launched an online marketplace as it looks to become a “one-stop destination for all fashion, beauty and lifestyle needs”.
  Customers will be able to shop from 150 brands including Revolution Beauty, L’Oréal Paris, Ray-Ban, Marc Jacobs, and Michael Kors.
  The retailer said Boohoo Brands allows it to leverage its vast network to quickly onboard new brands and maintain robust relationships with existing partners.
  The new platform follows the launch of Debenhams ma
  
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• Harrods to team up with Loro Piana for Christmas takeover

  25-07-2024 10:44 via retailgazette.co.uk
  
  Harrods will work with Italian luxury brand Loro Piana for a festive-themed takeover this year as the label celebrates its centenary anniversary.
  The Italian designer will set up installations on the façade of the department store’s Brompton Road side and in its 36 windows with various animations to celebrate its 100-year history, WWD reported.
  The takeover, which runs from 7 November to 2 January, will also see the launch of two permanent Loro Piana stores at Harrods, one dedicated
  
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• Harrods to team up with Italian luxury brand for Christmas takeover

  25-07-2024 10:44 via retailgazette.co.uk
  
  Harrods will work with Italian luxury brand Loro Piana for a festive-themed takeover this year as the label celebrates its centenary anniversary.
  The Italian designer will set up installations on the façade of the department store’s Brompton Road side and in its 36 windows with various animations to celebrate its 100-year history, WWD reported.
  The takeover, which runs from 7 November to 2 January, will also see the launch of two permanent Loro Piana stores at Harrods, one dedicated
  
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• Iceland denies advertising zero-hour contracts

  25-07-2024 10:11 via retailgazette.co.uk
  
  Iceland has stressed the zero-hour contract roles found advertised on an aggregator jobs board are not legitimate and insisted it does not use such contracts.
  The newly elected Labour government said it would ban “exploitative” zero-hour contracts as part of its overhaul of workers’ rights last week.
  However, Retail Week found ads for zero-hour contract retail assistant jobs in at least two Iceland stores on a job board aggregator. Related StoryIceland boss accuses Aldi and Lid
  
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• Iceland caught advertising zero-hour contracts

  25-07-2024 10:11 via retailgazette.co.uk
  
  Iceland boss and Labour supporter Richard Walker has been shown up by a job board advertising for a zero-hour contract at the frozen food specialist in the same week the government pledged a ban on the contracts.
  The newly elected Labour government said it would ban “exploitative” zero-hour contracts as part of its overhaul of workers’ rights last week.
  However, Retail Week found ads for zero-hour contract retail assistant jobs in at least two Iceland stores on a job board aggr
  
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• Virgin Wines delivers improved profitability and “resilient” revenue

  25-07-2024 10:10 via theretailbulletin.com
  
  Virgin Wines has posted improved profitability and revenue in line with the previous year in the 52 weeks to 30 June. Revenue came in at £59... View Article
  
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• Sainsbury’s hit by voucher error as scam shared across social media

  25-07-2024 09:50 via retailgazette.co.uk
  
  Sainsbury’s has experienced a glitch that has allowed shoppers to repeatedly scan a £3.49 discount voucher in order to get trolleys of goods for free.
  The coupon, which appeared in the supermarket’s app on Monday, was shared across TikTok and WhatsApp this week, with a voicenote from one shopper detailing step-by-step instructions on how to take advantage of the error, which led to people heading to stores to capitalise.A glitched Sainsbury’s coupon was released on the ap
  
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• Majestic Wine invests £1m in store estate expansion

  25-07-2024 09:39 via retailgazette.co.uk
  
  Majestic Wine has unveiled a £1m investment into its store estate, as it plans to expand at an average of one new shop per month over the coming years.
  The alcohol retailer has opened two new stores in the South East of England and completed two major refurbishment projects in the Midlands and Scotland within six days, as it ramps up efforts to expand and modernise its stores.
  Majestic opened its East Dulwich store on Tuesday, marking its second branch in the area. The business said 3,900
  
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• Sergio Rossi appoints Paul Andrew as creative director

  25-07-2024 09:15 via theretailbulletin.com
  
  Luxury footwear brand Sergio Rossi has appointed Paul Andrew as creative director. Andrew launched his eponymous collection of women’s footwear in 2013 and a year later... View Article
  
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• Lush to launch new Perfume Library concept store

  25-07-2024 09:15 via theretailbulletin.com
  
  Lush is to launch a new Perfume Library concept store on Beak Street in London’s Soho. Alongside the existing range of Lush fragrances, the new shop... View Article
  
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• Burberry on the hunt to replace chairman

  25-07-2024 09:03 via retailgazette.co.uk
  
  Burberry is searching for a new board member who could take over from chairman Gerry Murphy, who has been in the role since 2018.
  The luxury fashion retailer is working with headhunters to find two new non-executives who would be candidates to replace the chair, Sky News reports.
  While a definitive timetable for Murphy’s exit has not yet been established, insiders describe the search process as an “indirect hunt” for his replacement. Related StoryCrew Clothing celebrates profit
  
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• Burberry on the hunt to find chairman replacement

  25-07-2024 09:03 via retailgazette.co.uk
  
  Burberry is on the hunt for a new board member who could take over from chairman Gerry Murphy, who has been in the role since 2018.
  The luxury retailer is working with headhunters to find two new non-executives who would be candidates to replace the chair, according to Sky News.
  While a definitive timetable for Murphy’s exit has not yet been established, insiders have claimed the search process formed an “indirect hunt” for his replacement. Related StoryCrew Clothing celebrates
  
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• Tesco and Ella’s Kitchen partner to give away free veg to encourage kids to eat their 5-a-day

  25-07-2024 08:36 via theretailbulletin.com
  
  Tesco has partnered with baby and kids’ food brand Ella’s Kitchen to launch a programme aimed at encouraging children to eat more vegetables. The supermarket said... View Article
  
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• Crew Clothing grows annual sales and profit

  25-07-2024 07:54 via theretailbulletin.com
  
  Lifestyle fashion brand Crew Clothing increased both its sales and profit in the year to 24 December 2023 after seeing significant growth across all channels. Turnover... View Article
  
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