Retail news

• Jollyes open new Blackburn store

  29-07-2024 18:28 via theretailbulletin.com
  
  Award-winning retailer Jollyes has opened its latest new store at Unit 2, Grimshaw Park, Lower Audley Street, Blackburn with retired service dogs Purdy, Orio and Norman, biting through a string... View Article
  
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• Exclusive: Frasers Group restructures digital team, 45 jobs at risk

  29-07-2024 17:36 via retailgazette.co.uk
  
  Frasers Group is restructuring its digital team based in London as it looks to relocate the department to its head office in Shirebrook.
  The Sports Direct owner launched a consulation period for 45 employees on Friday (26 July), however, it confirmed to Retail Gazette that not all staff will be made redundant.
  It comes as the retail group looks to move its trading digital team to its Shirebrook HQ in Derbyshire. It follows the news that it put 100 jobs under consultation back in April when it re
  
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• Boohoo lenders hire advisers as £75m debt deadline looms

  29-07-2024 16:28 via retailgazette.co.uk
  
  Boohoo lenders are understood to have drafted in advisers to discuss refinancing options as the fast fashion retailer works to turn around mounting losses.
  Sources said the retailer’s creditors have hired FTI Consulting to “tackle talks” about refinancing part of its £325m debt wall, Bloomberg reported.
  Boohoo, which is working with bankers at Rothschild & Co, has a £325m unsecured revolving credit facility, of which £75m is due next year and £250m i
  
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• H&M unveils kidswear collaboration with Pantone

  29-07-2024 13:15 via theretailbulletin.com
  
  H&M has launched a new kidswear collection in collaboration with Pantone. The range includes matching sets, t-shirts, joggers, a pleated skirt, and accessories in a palette... View Article
  
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• Primark freezes prices on back-to-school essentials

  29-07-2024 12:40 via retailgazette.co.uk
  
  Primark is freezing prices on hundreds of kids’ clothing essentials this year as part of its commitment to help families make their money go further.
  The high street fashion retailer said it was keeping its items, including jeans, joggers, long-sleeved t-shirts and jackets at the same price as they were in 2021.
  The initiative means customers can pick up a kids’ outfit consisting of a long-sleeved t-shirt, leggings and zip through hoodie for just £8.30. Related StoryPrimark unv
  
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• SGS Group appoints new chief executive

  29-07-2024 12:31 via theretailbulletin.com
  
  Shopping centre owner SGS Group has appointed Claire Barber as its new chief executive. Due to take her up her new role from 30 September, Barber... View Article
  
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• ScS chief financial officer quits after £100m take-private deal

  29-07-2024 12:25 via retailgazette.co.uk
  
  ScS chief financial officer Mark Fleetwood has quit the business following its near £100m takeover deal last year.
  Fleetwood, who joined the furniture giant in September from fashion brand END Clothing, is currently working his notice period and continues to support the strategic development of the business.
  It is understood that he joined the retailer last year partly because of its listed status, but Fleewtood handed in his resignation after it was taken private in January. Rel
  
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• Trust issues: School isn’t out for summer when it comes to supporting retail worker wellbeing

  29-07-2024 10:53 via theretailbulletin.com
  
  By Chris Brook-Carter, chief executive of the Retail Trust It was brilliant to hear King Charles announce that mental health should be given the same focus... View Article
  
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• Evri to hire 9,000 new workers following £2.7bn sale

  29-07-2024 10:24 via retailgazette.co.uk
  
  Evri is taking on an additional 9,000 staff members in the UK, after being snapped up by private equity firm Apollo last week.
  The business is aiming to hire 8,000 more couriers, alongside 1,000 new warehouse and other supporting roles.
  Evri said its key locations for the new positions included Gatwick Airport, Bury St Edmunds in Suffolk, Plymouth in Devon and Scotland.
  The delivery giant said the new hires would take its number of self-employed couriers to roughly 28,000 and that the move would
  
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• Mango Home arrives in Turkey

  29-07-2024 10:18 via theretailbulletin.com
  
  Spanish fashion brand Mango has introduced its Mango Home offering online in Turkey. The entry into the Turkish market means the homeware brand is now available... View Article
  
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• JD Sports completes acquisition of Hibbett

  29-07-2024 10:18 via theretailbulletin.com
  
  JD Sports Fashion has completed its acquisition of the Hibbett US sportswear retailer. The move forms part of JD’s expansion plans for North America. Hibbett has... View Article
  
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• Huddled Group makes “solid progress” in second quarter

  29-07-2024 10:18 via theretailbulletin.com
  
  Huddled Group, the owner of the online Discount Dragon supermarket, has said it expects to report first half revenue of no less than £5.2 million after... View Article
  
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• Axel Arigato opens flagship store in London’s Seven Dials

  29-07-2024 10:18 via theretailbulletin.com
  
  Swedish footwear brand Axel Arigato is expanding in London with the opening of new store in Covent Garden’s Seven Dials. The 2,500 square foot flagship at... View Article
  
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• Meet the team behind The Body Shop’s potential owner

  29-07-2024 09:46 via retailgazette.co.uk
  
  The boss of The Body Shop’s new buyer revealed last week that the business should emerge from administration in August.
  Former Molton Brown CEO Charles Denton’s optimistic post on LinkedIn came days after the chain’s administrators at FRP confirmed it had entered an exclusivity agreement with investment group Auréa.
  While Auréa has kept a low profile, the team behind the consortium have an extensive history in the beauty and investment sector.
  That said, The Body
  
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• Iceland makes record profits

  29-07-2024 09:38 via theretailbulletin.com
  
  Iceland made a record profit last year after it benefited from lower energy costs and the popularity of its £1 value range. The Times reported at... View Article
  
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• Ocado CEO: ‘I don’t want to sell stake in M&S joint venture’

  29-07-2024 08:30 via retailgazette.co.uk
  
  Ocado CEO Tim Steiner plans to retain its stake in its joint venture with M&S, as the deal reaches its five-year milestone, a point at which either party could choose to sell their shares to the other.
  Speaking to the Financial Times, Steiner said “I don’t want to sell the other half right now, so whether [M&S] want it or not is not massively relevant.”
  The JV hits the five-year mark in August, giving both companies the option to sell their shares in Ocado Retail to eac
  
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