Retail news

• Greggs targets dinner market with more late openings

  30-07-2024 15:17
  Food-to-go retailer says purchases made after 4pm growing faster than overall average as it continues expansion
  
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• Morrisons expands Just Eat tie-up to 380 supermarkets

  30-07-2024 13:32 via retailgazette.co.uk
  
  Morrisons has expanded its partnership with Just Eat to include groceries from its stores, as well as deliveries from its cafés and convenience stores.
  The tie-up was initially launched in Morrisons cafes back in 2022, followed by 60 of its convenience stores in December 2023, with the partnership now serving almost 700 Morrisons Daily sites.
  Going forward, on-demand delivery from the takeaway company will also be available from 380 Morrisons supermarkets across the UK, with shoppers able
  
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• [EVENT] Murray Uniforms on building employee, public and consumer brand trust

  30-07-2024 13:30 via theretailbulletin.com
  
  Building Trust: The cornerstone of business success Featuring guest speakers from Nestle, Microsoft, Card Factory, Iceland, and more. In today’s ever-evolving business landscape, trust has emerged... View Article
  
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• Inflation remains flat in July amid uncertain outlook

  30-07-2024 13:19 via retailgazette.co.uk
  
  Shop price inflation remained steady in July, despite the outlook looking uncertain for the months ahead.
  The British Retail Consortium (BRC) and NielsenIQ found that shop price inflation remained flat at 0.2% in July, with shop price annual growth remaining at its lowest rate since October 2021.
  Non-food inflation stayed in deflation at -0.9%, up from -1.0% the previous month, hitting its lowest point since October 2021. Meanwhile, food inflation dropped to 2.3%, from 2.5% in June.
  Fresh food i
  
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• John Lewis launches pre-loved designer bags online

  30-07-2024 13:08 via retailgazette.co.uk
  
  John Lewis has launched its first range of pre-loved designer handbags and expanded its second-hand jewellery collection online.
  The department store retailer has partnered with luxury reseller Sign of The Times to allow customers to shop over 150 options of second-hand designer pieces from the likes of Chanel, Christian Dior, Saint Laurent and Gucci.
  It builds on the current partnership, which will see Sign of The Times open a permanent shop in the retailer’s Peter Jones store in London&r
  
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• JD Sports’ revamped Stratford store achieves highest turnover globally

  30-07-2024 13:02 via retailgazette.co.uk
  
  JD Sports’ recently refurbished London Stratford store now has the highest turnover across its global portfolio.
  The sports fashion retailer expanded its Stratford store to 29,000 sq ft – now JD’s biggest outlet globally – in April and since then it said “sales have outstripped its other iconic stores” including its locations on London’s Oxford Street, Times Square in New York, Liverpool and Dublin.
  The retailer has welcomed more than 60,000 customers to
  
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• Fenwick hires new CEO as several execs exit

  30-07-2024 12:56 via retailgazette.co.uk
  
  Fenwick has named department store veteran Nigel Blow as its next chief executive as it prepares for its “next stage of growth”.
  Blow, who joins in October, succeeds John Edgar, who has left the business after almost five years, Retail Week reported.
  The incoming chief executive is the current boss of London-based department store Morleys after joining the retailer in 2019.
  Prior to Morleys, Blow worked at Dublin-based Arnotts from 2010 to 2015 and Brown Thomas before that, from 2007
  
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• Asos chief technology officer exits after nine years

  30-07-2024 11:28 via retailgazette.co.uk
  
  Asos chief technology officer Clifford Cohen is leaving the fashion retailer after nine years.
  Cohen, who joined the company as its digital boss in 2015, said on LinkedIn that he was quitting the retail industry to start a “new and exciting challenge in the renewable energy sector at the start of August”.
  Prior to Asos, Cohen spent eight years in the IT department at M&S holding several roles including business solutions manager, head of IT and interim chief information officer b
  
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• Frasers Group tops up shares in Boohoo to 25%

  30-07-2024 10:56 via retailgazette.co.uk
  
  Mike Ashley’s Frasers Group has upped its stake in Boohoo to more than 25% as it continues to build on its “strategic investment” into the fashion retailer.
  The retail giant – which is the largest shareholder in the online business – increased its holdings from 24.04% to 25.02% on Friday (26 July).
  The group has been steadily building its holding in Boohoo since it first made a “strategic investment” in June 2023. In February, it solidified its position
  
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• Frasers Group tops up Boohoo shares to over 25%

  30-07-2024 10:56 via retailgazette.co.uk
  
  Mike Ashley’s Frasers Group has upped its stake in Boohoo to more than 25% as it continues to build on its “strategic investment” into the fashion retailer.
  The retail giant – which is the largest shareholder in the online business – increased its holdings from 24.04% to 25.02% on Friday (26 July).
  The group has been steadily building its holding in Boohoo since it first made a “strategic investment” in June 2023. In February, it solidified its position
  
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• Ocado to extend debt maturities as it looks to raise £600m

  30-07-2024 10:08 via retailgazette.co.uk
  
  Ocado is extending the maturity of its debt as it looks for fresh funding for its growth plans.
  The grocery technology giant is looking to raise £600m through new bonds to finance a tender offer of its existing bonds that are due next year.
  Ocado has launched an offering for £250m of guaranteed senior unsecured convertible bonds due in 2029 and a £350m offer of sterling-denominated senior unsecured notes due in the same year. Related StoryOcado CEO: ‘I don’t want to
  
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• Ocado to debt maturities as it looks to raise £600m

  30-07-2024 10:08 via retailgazette.co.uk
  
  Ocado is extending the maturity of its debt as it looks for fresh funding for its growth plans.
  The grocery technology giant is looking to raise £600m through new bonds to finance a tender offer of its existing bonds that are due next year.
  Ocado has launched an offering for £250m of guaranteed senior unsecured convertible bonds due in 2029 and a £350m offer of sterling-denominated senior unsecured notes due in the same year. Related StoryOcado CEO: ‘I don’t want to
  
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• Primark freezes prices on hundreds of back-to-school essentials

  30-07-2024 09:35 via theretailbulletin.com
  
  Primark is freezing prices on hundreds of children’s back-to-school items this year. The move means that families will be able to purchase clothing such as jeans,... View Article
  
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• Selfridges CEO steps down

  30-07-2024 09:22 via retailgazette.co.uk
  
  Selfridges CEO Andrew Keith is to exit the department store after four years at the business.
  Keith, who was elevated from managing director to CEO last year, is leaving to “pursue new ventures”, WWD reports.
  Newly appointed Selfridges Group CEO André Maeder, who joined in May, will take over Keith’s responsibilities in the UK.
  Tos Chirathivat, Selfridges Group chair and executive chair and CEO of Central Group, which co-owns the department store business, said the firm
  
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• Greggs makes good first half progress

  30-07-2024 08:59 via theretailbulletin.com
  
  Greggs has posted first half uplifts in both sales and profits as it continues to launch new stores and broaden its food range. In the six... View Article
  
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• Co-op launched four new convenience stores last week

  30-07-2024 08:45 via theretailbulletin.com
  
  Co-op launched four new convenience stores at the end of last week as part of its ongoing growth plans. These included three new Co-op operated sites... View Article
  
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• Asda faces staff confidence crisis amid turnaround efforts

  30-07-2024 08:37 via retailgazette.co.uk
  
  An Asda staff survey indicated that less than half of the employees have confidence in the supermarket’s strategy.
  According to the company’s annual survey conducted last month, just 47% of respondents expressed confidence in Asda’s long-term strategic plan, The Telegraph reported.
  Meanwhile, only 48% of the 75,591 employees who participated in the supermarket’s survey felt they could articulate the benefits of the ‘Future Programme’, which involves transitio
  
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• Asda faces staff confidence crisis amid struggling turnaround efforts

  30-07-2024 08:37 via retailgazette.co.uk
  
  Asda executives are facing a setback after a staff survey indicated that less than half of the employees have confidence in the supermarket’s strategy.
  According to the company’s annual survey conducted last month, just 47% of respondents expressed confidence in Asda’s long-term strategic plan, the Telegraph reported.
  Meanwhile, only 48% of the 75,591 employees who participated in the supermarket’s survey felt they could articulate the benefits of the “Future Progr
  
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• Sainsbury’s takes free herbs and spices to the North East of England

  30-07-2024 08:30 via theretailbulletin.com
  
  Sainsbury’s is taking its Seasonings Shuttle service to users of The Bread and Butter Thing’s mobile food clubs in the North East following the success of... View Article
  
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• Greggs’ ‘ambitious growth plans on track’ thanks to strong interim results

  30-07-2024 08:25 via retailgazette.co.uk
  
  Greggs has posted robust sales for the first half of 2024 showing continued strategic progress at the bakery giant.
  For the 26 weeks ended 29 June, total sales at the sausage roll maker hit £960m, up from £844m in the same period in 2023.
  Underlying pre-tax profit excluding exceptional items rose to £74m, compared to £64m last year.
  Company-managed shop like-for-like sales increased by 7.4%, while Greggs said menu innovations such as the over-ice drinks range and dedicate
  
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• Greggs’ ‘ambitious growth plans on track’ as sales and profits rise

  30-07-2024 08:25 via retailgazette.co.uk
  
  Greggs has posted a rise in sales and profit for the first half of 2024 showing continued strategic progress at the bakery giant.
  For the 26 weeks ended 29 June, total sales at the sausage roll maker hit £960m, up from £844m in the same period in 2023.
  Underlying pre-tax profit excluding exceptional items rose to £74m, compared to £64m last year.
  Company-managed shop like-for-like sales increased by 7.4%, while Greggs said menu innovations such as the over-ice drinks rang
  
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• Greggs ‘ambitious growth plans’ on track as it targets evening sales

  30-07-2024 08:25 via retailgazette.co.uk
  
  Greggs has posted a rise in sales and profit for the first half of 2024 showing continued progress at the bakery giant.
  For the 26 weeks ended 29 June, total sales at the sausage roll maker hit £960m, up from £844m in the same period in 2023.
  Underlying pre-tax profit excluding exceptional items rose to £74m, compared to £64m last year.
  Company-managed shop like-for-like sales increased by 7.4%, while Greggs said menu innovations such as its over-ice drinks range and dedi
  
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• A.F. Blakemore names Ian Kellett as new chief financial officer

  30-07-2024 07:53 via theretailbulletin.com
  
  A.F. Blakemore has appointed Ian Kellett as chief financial officer. Due to join the business on 1 August, Kellett previously spent six years working in the... View Article
  
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• Poor weather and cost of living crisis drive UK summer spending down

  30-07-2024 06:00
  Figures show weak consumer demand persisted in June and July as Bank of England ponders interest rate decision UK consumers have cut back on summer spending amid the impact of poor weather and the cost of living crisis, figures show, underscoring the challenge for the Bank of England ahead of its interest rate decision on Thursday.In a sign of weakness in consumer spending over the summer months, figures from the British Retail Consortium (BRC) show that clothing and footwear prices fell for the
  
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• Chinese online store Temu faces supplier backlash over business model shift

  30-07-2024 06:00
  Internet marketplace taking on Amazon and Shein aims to cut delivery times by storing goods closer to shoppers
  
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