Retail news

• Amazon earnings jump on cloud computing strength but margins narrow

  01-08-2024 23:59
  Shares slip after company reports surge in capital spending to $17.6bn that exceeded profits during quarter
  
  Read more

• Shell to transfer more than half of Waitrose-operated petrol stores to other retailers

  01-08-2024 19:45 via retailgazette.co.uk
  
  Shell is planning to transfer 14 Little Waitrose petrol station sites to rival retailers, in a move that will impact 227 members of staff, Retail Gazette can reveal.
  Management informed staff of the change today (1 August), which comes as the operating agreement for the sites has come to an end, and will see partners working at these locations transferred to the new retailers under TUPE.
  Under the changes, the sites will no longer be directly operated by Waitrose, however the supermarket will co
  
  Read more

• Shell ends Waitrose operation at half of sites to bring in other retailers

  01-08-2024 19:45 via retailgazette.co.uk
  
  Shell is planning to transfer 14 Little Waitrose petrol station sites to rival retailers, in a move that will impact 227 members of staff, Retail Gazette can reveal.
  Management informed staff of the change today (1 August), which comes as the operating agreement for the sites has come to an end, and will see partners working at these locations transferred to the new retailers under TUPE.
  Under the changes, the sites will no longer be directly operated by Waitrose, however the supermarket will co
  
  Read more

• Shell ends Waitrose operation at half of petrol sites to bring in other retailers

  01-08-2024 19:45 via retailgazette.co.uk
  
  Shell is planning to transfer 14 Little Waitrose petrol station sites to rival retailers, in a move that will impact 227 members of staff, Retail Gazette can reveal.
  Management informed staff of the change today (1 August), which comes as the operating agreement for the sites has come to an end, and will see partners working at these locations transferred to the new retailers under TUPE.
  Under the changes, the sites will no longer be directly operated by Waitrose, however the supermarket will co
  
  Read more

• Advertisement

• Asda superstore stike called off for last-minute negotiations

  01-08-2024 17:42 via retailgazette.co.uk
  
  Asda workers at the supermarket’s Wisbech store have called off their second strike in six months after agreeing to use the government’s Advisory, Conciliation and Arbitration Service (ACAS).
  GMB, which represent the workers, said tomorrow’s walk out (2 August) has been postponed as both the union and the grocer have entered into negotiations with ACAS.
  The union confirmed last week that employees at Asda’s Wisbech store were set to strike again after it claimed staf
  
  Read more

• London Stock Exchange denies lowering standards to win Shein IPO

  01-08-2024 15:55
  Fast-fashion retailer had planned New York listing before US lawmakers raised concerns over forced labour allegations The boss of the London Stock Exchange Group has denied lowering standards in order to lure the fast-fashion retailer Shein’s £50bn IPO to London, as he hailed a stronger pipeline for UK listings.Shein, which operates largely from China but is headquartered in Singapore, has come under fire from workers’ rights campaigners concerned about a lack of transparency r
  
  Read more

• Viral make-up brand Morphe closes all UK stores

  01-08-2024 14:00 via retailgazette.co.uk
  
  Morphe has closed all its standalone stores across the UK as it shifts it focus to wholesale.
  It is understood that the make-up business, which was once the must-have viral brand, shuttered all six of its shops on Wednesday (31 July), with staff made redundant effective immediately.
  Morphe, which opened its first UK store in Westfield Stratford in 2018, has removed the standalone branches from its online store locator and now only shows its make-up counters in Boots and Superdrug, as well as sel
  
  Read more

• Currys expands accessibility trial to London stores

  01-08-2024 13:45 via theretailbulletin.com
  
  Currys is making shopping easier and more accessible for London customers with disabilities. The electricals retailer is expanding its trial with web-app WelcoMe to 20 additional... View Article
  
  Read more

• Advertisement

• 4 loss prevention strategies for your business

  01-08-2024 13:19 via theretailbulletin.com
  
  Did you know that the average business suffers a shrinkage rate of 1.6%? If your business’s losses are higher than this figure, you’re losing out on... View Article
  
  Read more

• H&M Move launches pop-in installation at H&M’s Paris Lafayette store

  01-08-2024 11:00 via theretailbulletin.com
  
  To celebrate Paris being the capital of sport this summer, H&M has transformed its store in Lafayette with an installation that merges fashion, movement and technology.... View Article
  
  Read more

• B&Q teams up with Deliveroo for speedy delivery

  01-08-2024 10:25 via retailgazette.co.uk
  
  B&Q has joined fellow Kingfisher brand Screwfix in partnering with Deliveroo to offer a rapid delivery service for DIY products.
  The initiative will be introduced across nine B&Q Local stores in Camden, Harrow, Palmers Green, Streatham, Sutton, Tooting, Wandsworth, Wood Green and Staines-Upon-Thames later this month.
  It means that customers will be able to shop from over 600 of the retailer’s DIY items and have them delivered in as little as 25 minutes.
  The tie-up with the home imp
  
  Read more

• Poundland gives customers chance to win a ‘Grand in their Hand’

  01-08-2024 10:07 via theretailbulletin.com
  
  Poundland is launching a ‘Grand in Your Hand’ 30 day promotion this weekend where 30 customers will  be chosen at random to win £1,000 each. To... View Article
  
  Read more

• Pets at Home makes “resilient” start to new financial year

  01-08-2024 10:07 via theretailbulletin.com
  
  Pets at Home has posted a 1% rise in first quarter revenue to £441.1 million with like-for-like revenue growing by 0.5%. In the 16 weeks to... View Article
  
  Read more

• Next raises full year profit guidance after better than expected sales

  01-08-2024 09:40 via theretailbulletin.com
  
  Next has raised its full year profit guidance after its full price sales came in better than expected in its second quarter with an increase of... View Article
  
  Read more

• Asda co-owner injects £30m to boost staff and customer service amid sales slump

  01-08-2024 09:31 via retailgazette.co.uk
  
  Asda co-owner Mohsin Issa is injecting £30m into the supermarket as it continues to lose market share.The investment package will be implemented before the end of the year, and will be used to increase staffing hours and improve customer service levels, The Telegraph reported.
  A spokesman told the title: “We recognise that there are some areas where we can and need to improve, and have set out our plan for colleagues to improve the availability of products in stores, the overall cust
  
  Read more

• China ecommerce shifts gear and TSMC heads to Europe

  01-08-2024 09:15
  The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
  
  Read more

• Pets at Home posts ‘resilient’ first quarter

  01-08-2024 09:00 via retailgazette.co.uk
  
  Pets at Home has reported a “resilient” start to the year, with total consumer revenue up 1.5% to £576.6m as it maintained its profit guidance for the full year.The pet specialist said the growth was supported by higher average customer spending and a 3% year-over-year increase in active Pets Club members, now totalling 8 million.
  Group revenue grew by 1% to £441.1m, with like-for-like revenue edging up 0.5%.
  Pets at Home’s vet business was a standout performer
  
  Read more

• Pets at Home maintains profit guidance amid ‘resilient’ sales performance

  01-08-2024 09:00 via retailgazette.co.uk
  
  Pets at Home has reported a “resilient” start to the year, with total consumer revenue up 1.5% to £576.6m as it maintained its profit guidance for the full year.The pet specialist said the growth was supported by higher average customer spending and a 3% year-over-year increase in active Pets Club members, now totalling 8 million.
  Group revenue grew by 1.0% to £441.1m, with like-for-like revenue up 0.5%.
  The retailer’s vet business was a standout performer, wit
  
  Read more

• Next upgrades profit guidance after strong first-half sales growth

  01-08-2024 08:34 via retailgazette.co.uk
  
  Next has posted a robust first half for the year ending July 27, 2024, with full price sales up 4.4% compared to the previous year, exceeding expectations.
  As a result, the retailer has upped its profit guidance for the full year, now expecting to reach £980m, a 6.7% rise from last year.
  In the second quarter, full price sales grew by 3.2%, exceeding forecasts by £42m. This strong showing was notable given the challenging comparison to last summer, which it called “exceptionall
  
  Read more

• Lucy & Yak to open first outlet store

  01-08-2024 07:49 via theretailbulletin.com
  
  Lucy & Yak, the socially and environmentally conscious clothing brand, has selected Junction 32 near Castleford in Yorkshire as the location for its first outlet store.... View Article
  
  Read more

Follow @retailuknws on Twitter!