Retail news

• Topps Tiles rescues tile supplier CTD from administration

  19-08-2024 17:18 via retailgazette.co.uk
  
  Topps Tiles has snapped up the brand and intellectual property of tile supplier CTD Tiles out of administration for £9m.
  The tile specialist has acquired the supplier’s brands including CTD Tiles, CTD Trade and CTD Architectural Tiles, 30 of its retail stores, selected stock and all related intellectual property.
  Topps said the retailer is “complementary” to its existing businesses and that the acquired stores and assets provide it with “the opportunity to make a me
  
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• As Ted Baker closes its remaining stores, what went wrong?

  19-08-2024 17:00 via retailgazette.co.uk
  
  Ted Baker is set to close all remaining UK stores this week amid growing doubts over a future licensing deal with Mike Ashley’s Frasers Group.
  But how did a brand that less than 10 years ago was a perennial overperformer, end up in this position? Retail Gazette takes a closer look at what went wrong at Ted Baker.
  Short term strife
  Ted Baker’s UK operator No Ordinary Designer Label (NODL) filed a notice to appoint Teneo as administrators in March. NODL licenses the brand in the UK and
  
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• Canadian group targets 7-Eleven owner in Japan’s biggest foreign takeover approach

  19-08-2024 16:21
  Seven & i shares jump 22% after ‘friendly’ proposal from convenience store rival Couche-Tard
  
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• Ted Baker’s closure was foreseeable from a fashion perspective

  19-08-2024 14:38
  
  Middle-market brand went into administration in March but in many ways it is a surprise it held on so longBusiness live – latest updatesThe business prospects of Ted Baker have been in turmoil since 2019 when the company’s founder, Ray Kelvin, resigned after allegations of “forced hugging”, and by March this year its UK arm had entered administration.However, from a fashion perspective, the writing had been on the wall for much longer. The announcement at the weekend that
  
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• Owner of 7-Eleven stores receives buyout offer from Canadian rival

  19-08-2024 13:27
  Proposal to Tokyo-based Seven & i by ACT could become biggest foreign takeover of a Japanese firmThe owner of the global convenience store chain 7-Eleven has received an offer from a Canadian rival to buy the company.The Tokyo-based Seven & i revealed on Monday that it had received a bid from the Canadian convenience store multinational Alimentation Couche-Tard (ACT) to buy its stake in the company. Continue reading...
  
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• Missoma debuts at Victoria Leeds

  19-08-2024 12:55 via theretailbulletin.com
  
  Missoma has opened its second-ever permanent store and its first standalone space outside of London at Victoria Leeds. The contemporary demi-fine jewellery brand has launched a 2,250... View Article
  
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• Aldi delivers on its caged-free egg commitment ahead of time

  19-08-2024 12:17 via theretailbulletin.com
  
  Aldi has announced that it has delivered on its commitment to sell 100% cage-free eggs more than a year ahead of schedule. The supermarket has been... View Article
  
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• Asda slows convenience stores openings to focus on improving shops

  19-08-2024 12:04 via retailgazette.co.uk
  
  Asda is slowing down its convenience store openings and cutting capital expenditure to focus funds on addressing in-store issues.
  Since revealing in December 2022 its target to open 300 convenience stores by the end of 2026, the grocer has only launched nine stores.
  The supermarket chain was planning to open about 30 convenience stores this year, but that target has been scaled back to just 12, The Sunday Times reported.
  However, a spokesperson for the grocer told the title it is still set
  
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• Asda slows convenience stores openings and cuts capex to focus on improving shops

  19-08-2024 12:04 via retailgazette.co.uk
  
  Asda is slowing down its convenience store openings and cutting capital expenditure to focus funds on addressing in-store issues.
  Since revealing in December 2022 its target to open 300 convenience stores by the end of 2026, the grocer has only launched nine stores.The supermarket chain was planning to open about 30 convenience stores this year, but that target has been scaled back to just 12, The Sunday Times reported.However, a spokesperson for the grocer told the title it is still set to
  
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• Aldi cracks 100% cage-free egg commitment ahead of schedule

  19-08-2024 10:52 via retailgazette.co.uk
  
  Aldi has met its commitment to sell 100% cage-free eggs more than a year ahead of schedule.
  The discount grocer pledged in 2016 to phase out the sale of eggs and egg ingredients from caged hens by 2025.
  However, it revealed this week that all its stores now only sell cage-free eggs. Related StoryData: Aldi set to overtake Asda as UK’s third-largest grocer in 5 years16/08/2024 x 12:12 PMAldi managing director of buying Julie Ashfield said: “Improving animal welfare is incredibly impor
  
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• Morrisons pulls back on self-checkouts as boss admits it “went too far”

  19-08-2024 10:43 via retailgazette.co.uk
  
  Morrisons boss Rami Baitiéh admitted the supermarket “went a bit too far” with self-checkouts as it looks to pull back on the technology.
  The chief executive told The Telegraph that the business is “reviewing the balance between self-checkouts and manned tills” and is looking to remove some from its stores after installing too many.
  He said: “Morrisons went a bit too far with the self-checkout. This had the advantage of driving some productivity. However, som
  
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• Ted Baker to close remaining stores

  19-08-2024 10:11 via theretailbulletin.com
  
  Ted Baker’s 31 remaining shops in the UK and Ireland are set to close this week with 500 jobs put at risk. According to a report... View Article
  
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• Phase Eight to open second store in Glasgow

  19-08-2024 10:11 via theretailbulletin.com
  
  Phase Eight is to open its second store in Glasgow at the Braehead Shopping Centre this week. The womenswear brand said the move demonstrates its commitment... View Article
  
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• Morrisons hit with senior staff exodus as third of top execs exit

  19-08-2024 09:25 via retailgazette.co.uk
  
  Morrisons has suffered a wave of senior management departures, with seven senior executives exiting over the summer, including convenience director Miles Foster, chief customer officer Darren Blackhurst, property director Mark Nowak, and productivity director Jonathan Bell.
  Since CEO Rami Baitiéh took over last November, nearly a third of the top 60 executives at the grocer have left, mostly resigning, The Sunday Times reported.
  Other executives to have departed the grocer recently includ
  
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• Boohoo withholds supplier payments over poor clothing quality

  19-08-2024 08:48 via retailgazette.co.uk
  
  Boohoo is reportedly in a standoff with suppliers after withholding payments, citing poor clothing quality.
  The fast fashion retailer is said to be targeting manufacturers it claims are responsible for a significant amount of defective products, refusing to pay until the issues are addressed, The Telegraph reported.
  A source close to Boohoo described the payment hold as part of “a three-month programme of work to improve quality following a marked increase in faulty goods being delivered b
  
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• Starbucks appoints new chief executive

  19-08-2024 08:40 via theretailbulletin.com
  
  Starbucks has appointed Brian Niccol as its chairman and chief executive. Due to take up his position on 9 September, he will succeed Laxman Narasimhan who... View Article
  
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• Ted Baker shuts all stores as doubts cast over Mike Ashley deal

  19-08-2024 08:31 via retailgazette.co.uk
  
  Ted Baker’s remaining stores will close permanently this week amid growing doubts over a future licensing deal with Mike Ashley’s Frasers Group.
  Sky News reported that negotiations between Frasers Group and Ted Baker owner Authentic, have stalled three months after a deal seemed imminent.
  Administrators to the fashion retailer’s existing partner, No Ordinary Designer Label (NODL), which collapsed in the spring, are now overseeing the closure of its remaining 31 UK shops.
  One st
  
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• 7-Eleven owner receives Japan’s biggest ever foreign takeover approach

  19-08-2024 08:31
  Seven & i market capitalisation jumps 23% to $39bn after proposal from Canadian convenience store rival Couche-Tard
  
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• 7-Eleven owner gets takeover approach from rival Couche-Tard

  19-08-2024 08:31
  Deal between convenience store groups would be biggest-ever unsolicited foreign bid for a Japanese company
  
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• Pets at Home unveils ‘customer centric’ concept store in Brentford

  19-08-2024 08:12 via theretailbulletin.com
  
  Pets at Home has unveiled a new look Pet Care Centre format in Brentford as part of its current investment in new concept stores. The retailer... View Article
  
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• How Walmart became an advertising powerhouse

  19-08-2024 06:00
  A high-margin and fast-growing ad business is changing the chain’s relationship with brands
  
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• How Walmart became a force in a $54bn retail advertising industry

  19-08-2024 06:00
  A high-margin and fast-growing ad business is changing the chain’s relationship with brands
  
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• Is the high-street ready for in-store customer analysis?

  19-08-2024 03:37 via theretailbulletin.com
  
  Ian Cairns, Sales Director of TalkTalk Business, discusses AI-powered data collection in retail, and how it is changing the game for high-street stores. Customer behaviour monitoring... View Article
  
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• Sustainable beauty, live streaming, and customised product recommendations amongst predicted trends in global eCommerce for the beauty & cosmetics sector

  19-08-2024 03:06 via theretailbulletin.com
  
  Sustainable beauty, live streaming, and customised product recommendations amongst expected trends in beauty ecommerce for 2024, new expert analysis has revealed. Research by fulfilmentcrowd – a... View Article
  
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