Retail news

• John Lewis unveils advanced retail media platform to boost brand engagement

  31-07-2024 15:41 via theretailbulletin.com
  
  John Lewis has announced a suite of new retail media capabilities, helping brands connect with customers shopping on johnlewis.com. The move will allow brands to create... View Article
  
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• Bensons For Beds opens first Isle Of Wight store

  31-07-2024 15:41 via theretailbulletin.com
  
  Bensons for Beds is opening its first ever store on the Isle of Wight on Friday 2nd August. The bed and mattress retailer is moving to the... View Article
  
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• Hotel Chocolat sweetens café offer with bakery and hot food launch

  31-07-2024 15:04 via retailgazette.co.uk
  
  Hotel Chocolat is set to open its first bakery and hot food offering, as part of the expansion of its Velvetiser Café format.
  The concessions are due to arrive in August at four of the retailer’s Yorkshire sites, as its new owner Mars begins its store investment plans, The Grocer reports.
  Bakery concessions will be added to the business’s Harrogate, Leeds Springs and Leeds Trinity cafes, with a fourth due to arrive at its Ilkley site in September.
  The sweet and savoury goods o
  
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• Most of Carpetright’s £345m debts are unlikely to be repaid

  31-07-2024 14:30
  
  Customers, suppliers, landlords and Microsoft are owed £213m, say administrators of collapsed retailerCarpetright collapsed with debts of almost £345m, more than half of which are owed to customers, suppliers, landlords and other unsecured creditors who are unlikely to be repaid.Administrators from PricewaterhouseCoopers, who were called in to the retailer this month, said unsecured creditors, including the technology group Microsoft and the carpet suppliers Condor and Betap, were ow
  
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• Holland & Barrett losses widen despite uplift in sales

  31-07-2024 13:30 via retailgazette.co.uk
  
  Holland & Barrett saw losses widen in its full year results, despite an uplift in sales as it pushes ahead with its transformation plans.
  The health food retailer saw losses rise to £57m from £44m the year prior for the period ended 30 September, noting this included exceptional items which had been “driven by costs of exceptional stock, write-off, store and warehouse closures” as well as restructuring costs.
  Sales rose almost 10% to £590m, which it said reflect
  
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• Aldi to open four new stores in London by the end of the year

  31-07-2024 10:26 via theretailbulletin.com
  
  Aldi is to launch four new stores in London between now and the end of the year as it continues to expand in the capital.  Due... View Article
  
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• Temu hit with supplier backlash amid business model shift

  31-07-2024 10:20 via retailgazette.co.uk
  
  Temu is facing a backlash from its suppliers in China over its efforts to restructure its business model.
  The online marketplace has been looking to recruit Amazon merchants, who hold goods in warehouses in the US and EU, in recent weeks, The Financial Times reported.
  The move is understood to be designed to protect Temu’s business model as the EU plans to impose a customs duty on cheap goods, a loophole that has catapulted the platform’s growth.
  The shift would allow the marketplace
  
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• John Lewis unveils retail media platform to connect shoppers with brands

  31-07-2024 10:00 via retailgazette.co.uk
  
  John Lewis has unveiled a host of new retail media plans to help brands connect with shoppers on its website.
  The move means brands will be able to create and manage their own campaigns, including through banner adverts and sponsored product listings.
  The department store will provide users with a dashboard showing how their campaigns are performing, how shoppers are engaging, as well as how many sales are being made.
  The new measures will allow brands to quickly adapt to seasonal trends and sal
  
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• Wickes delivers sales and volume growth in retail business

  31-07-2024 09:52 via theretailbulletin.com
  
  Home improvement retailer Wickes has said it delivered continued sales and volume growth in its retail business in the first half of 2024. In the six... View Article
  
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• Vinted kicks off $500m share sale

  31-07-2024 09:47 via retailgazette.co.uk
  
  Online marketplace Vinted has launched a share sale that could value the company at $5bn (£3.9bn).
  Investors have reportedly been contacted to assess their interest in a secondary stock offering for Europe’s largest second-hand online marketplace, Sky News reported.
  A share sale is expected to involve existing stakeholders reducing or offloading their positions in the company.
  The report added that should the deal be successful, between $200m and $500m (£156m and £390m) w
  
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• White Stuff hails another strong year

  31-07-2024 09:23 via theretailbulletin.com
  
  The White Stuff fashion brand has posted a 2.4% increase in sales to £155 million in the year to 27 April 2024. The company said its... View Article
  
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• Wickes retail growth dented as consumers shy away from big-ticket items

  31-07-2024 09:23 via retailgazette.co.uk
  
  Wickes’ sales were dragged down by poor trading across its design and installation arm in the first half as consumers held back on big ticket purchases.
  The home improvement retailer’s total retail like-for-likes edged up 0.6% but revenues in its design and installation arm plunged 17%.
  Wicked said there was “continued soft consumer appetite for larger ticket purchases” in the period, coupled with a strong comparative performance in the first half of 2023.
  Group revenues
  
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• White Stuff sales and profit rise thanks to full-price focus

  31-07-2024 08:46 via retailgazette.co.uk
  
  White Stuff has said this financial year “is off to a good start” as it delivered an increase in sales and profits, attributed to its full-price strategy and a focus on customer favourites.
  For the year ending 27 April 2024, the clothing retailer saw total sales for the period rise by 2.4% to £155m, up from £151.4m the previous year.
  The business posted a 6.8% increase in full-price sales, which it said was driven by reduced promotional activity and a focus on popular pro
  
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• White Stuff enjoys sales and profit boost thanks to full-price focus

  31-07-2024 08:46 via retailgazette.co.uk
  
  White Stuff has said this financial year “is off to a good start” as it delivered rising sales and profits attributed to a strong full-price strategy and a focus on customer favourites.
  For the year ending 27 April 2024, the clothing retailer saw total sales for the period rise by 2.4% to £155m, up from £151.4m the previous year.
  The business posted a 6.8% increase in full-price sales, which it said was driven by reduced promotional activity and a focus on popular product
  
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• Shiseido Company names new chief executive

  31-07-2024 08:40 via theretailbulletin.com
  
  Shiseido Company has announced that Kentaro Fujiwara is to become its new chief executive. The news follows his appointment in 2022 as president and chief operating... View Article
  
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• Carpetright’s collapse leaves customers, suppliers, and landlords £213m out of pocket

  31-07-2024 08:27 via retailgazette.co.uk
  
  Carpetright suppliers, customers and landlords have been left £213m out of pocket following the chain’s collapse.
  Hundreds of unsecured creditors,including Royal Mail and Microsoft, are set to recover less than 1p in the pound of their debts, according to administrators’ proposals seen by The Times.
  When the flooring specialist collapsed last week, carpet suppliers Betap and Condor were owed £1.9m and £1.1m respectively. Microsoft was owed £3.1m, Biffa Waste M
  
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• Carpetright collapse leaves customers, suppliers, and landlords £213m out of pocket

  31-07-2024 08:27 via retailgazette.co.uk
  
  Carpetright suppliers, customers and landlords have been left £213m out of pocket following the chain’s collapse.
  Hundreds of unsecured creditors,including Royal Mail and Microsoft, are set to recover less than 1p in the pound on their debts, according to administrators’ proposals seen by The Times.
  When the flooring specialist collapsed last week, carpet suppliers Betap and Condor were owed £1.9m and £1.1m respectively. Microsoft was owed £3.1m, Biffa Waste M
  
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• Fenwick appoints new chief executive

  31-07-2024 07:59 via theretailbulletin.com
  
  Fenwick has appointed Nigel Blow as its new chief executive as it looks ahead to its next stage of growth. Due to join Fenwick in October,... View Article
  
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• Morrisons expands Just Eat partnership to include 380 supermarkets

  31-07-2024 07:18 via theretailbulletin.com
  
  Morrisons has expanded its partnership with Just Eat to include grocery deliveries from 380 supermarkets. Just Eat’s on-demand delivery service was initially rolled out to the... View Article
  
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• Why investors fell out of love with Ocado

  31-07-2024 06:00
  During the pandemic it was seen as a British tech success story. But its progress since has been less convincing
  
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• Brand loyalty ain’t what it used to be

  31-07-2024 06:00
  When concerns about high prices prompted shoppers to look around, many liked what they saw
  
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• Debenhams ad banned over misleading price claims

  31-07-2024 01:01 via retailgazette.co.uk
  
  A Debenhams Facebook advert advertising up to 60% off in the retailer’s sale has been banned for misleading claims.
  A paid-for Facebook ad for the online department store, seen on 9 March 2024, featured a caption that read “Step into Spring with up to 60% off fashion, home and beauty at Debenhams”.
  Below the caption, a carousel of images featuring different products was shown next to text stating “up to 60% off” as well as a “shop now” link.
  However, a c
  
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