Retail news

• Burberry faces FTSE 100 demotion as shares fall

  23-08-2024 23:50 via retailgazette.co.uk
  
  Burberry is facing a demotion from the FTSE 100, ending its 15-year stay on the London Stock Exchange’s blue-chip gauge.
  Shares in the luxury retailer have slumped by a third over the past three months following an industry-wide slowdown in demand and a stalled brand revamp, Bloomberg reported.
  The ongoing challenging market conditions have sent the retailer tumbling down the market-value rankings ahead of Tuesday’s quarterly announcement of provisional changes to the index. Rel
  
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• Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

  23-08-2024 20:00
  Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the timeMike Ashley’s Frasers Group is seeking approval for the billionaire entrepreneur to cash in £585m of shares which could be bought back by the company in a private deal.Under the plan, the stock market-listed retail group said it wanted permission from shareholders to buy back the shares privately from Ashley – in one or several transactions – at the marke
  
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• House of Fraser website and app rebranded to Frasers

  23-08-2024 18:00 via retailgazette.co.uk
  
  Frasers Group has rebranded the House of Fraser website and app as part of a mass rebrand of the business.
  The department store, which has been slowly disappearing from the British high street, had its digital presence rebranded to Frasers this week, giving customers access to all the brands in the group’s portfolio across categories including fashion, beauty and home.
  Frasers shared the rebrand on LinkedIn with a caption that read: “Welcome to Frasers. A new look, new approach, and
  
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• John Lewis begins Christmas countdown with top-10 toy forecast

  23-08-2024 16:22
  
  Deluxe wooden play kitchen, Barbie sets and pretend record player included in prediction You may still be on your summer holiday, and it is weeks until the clocks change, but – Grinches look away – the countdown to Christmas has begun.With 124 sleeps to go, gift catalogues are landing on doormats, tickets to winter wonderlands and skating rinks are being booked and heaven help you if you haven’t joined a waiting list for a posh beauty Advent calendar.Squish-a-Longs 14-pack &nda
  
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• Shoezone launch exclusive back-to-school range to help parents fit kids’ shoes from home

  23-08-2024 14:20 via theretailbulletin.com
  
  Shoezone, the online and in-store footwear retailer, has partnered with Heavenly Feet to release an exclusive shoe range. The shoes come equipped with a removable measuring... View Article
  
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• Secret Linen Store sets the standard for sustainable practices in B Corp Impact Report

  23-08-2024 14:20 via theretailbulletin.com
  
  Secret Linen Store, the British brand known for its high-quality bedding and home textiles, has released its first B Corp Impact Report, highlighting the company’s significant... View Article
  
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• Fashion retailer Shein finds child labour in its supply chain

  23-08-2024 13:49
  
  Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock ExchangeBusiness live – latest updatesThe online fashion seller Shein has admitted it found two cases of child labour and factories failing to pay the minimum wage in its supply chain last year, as it tries to gain backing for a potential £50bn UK stock market flotation.The disclosure, in Shein’s 2023 sustainability report, comes after workers’ rights campaigners called fo
  
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• Landsec invests £17m to transform ex-Debenhams store

  23-08-2024 11:21 via retailgazette.co.uk
  
  Landsec is investing £17m to transform a former Debenhams unit in St David’s, Cardiff, into an outdoor space, under plans to enhance its prime retail destinations.
  The property investment gianr said its plans for the 102,000 sq ft square, which were designed in collaboration with over 5,000 people living and working in Cardiff, will create opportunities for brands in the city centre.
  The former department store site will feature two new restaurants, smaller kiosk-style units opening
  
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• The UK Procurement Act: Understanding its impact on the private sector

  23-08-2024 11:06 via theretailbulletin.com
  
  The UK Procurement Act 2023, which is set to take effect on October 28, 2024, will significantly transform public procurement processes. This new legislation has been... View Article
  
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• Private equity firms see opportunity in Canadian bid for 7-Eleven owner

  23-08-2024 10:53
  Groups look for ways to take part in deal for Japanese convenience store company
  
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• John Lewis reveals top 10 Christmas 2024 toys

  23-08-2024 10:47 via retailgazette.co.uk
  
  John Lewis has revealed its top ten toys for Christmas 2024 as it gears up for the much anticipated golden quarter.
  The retailer said customers have already started thinking about the holiday period, with over 1,000 online searches recorded on its website so far this month.
  Its top picks, which range from £14.99 to £250, focus on togetherness with all toys designed to play with friends or family and encourage imaginary play and escapism.
  Barbie finds itself in the top 10 fo
  
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• John Lewis to help staff and customers following The Floor Room’s collapse

  23-08-2024 10:05 via retailgazette.co.uk
  
  John Lewis has stepped in to support former employees and customers tied to its in-store The Floor Room concessions, following its collapse earlier this month.
  The flooring retailer, which traded from 34 of John Lewis’ department stores, went into administration at the start of the month, resulting in 200 job losses.
  The Carpetright sister brand opened concessions last year and staff from the high street retailer were transferred across to the Nestware-owned business.
  Following the collaps
  
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• Majestic’s organic wine sales almost double in a year

  23-08-2024 09:51 via theretailbulletin.com
  
  Majestic has seen its organic wine sales almost double over the past year as availability and demand exceeded expectations. Sales of the products across its retail... View Article
  
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• Consumer confidence stalls in August

  23-08-2024 09:34 via retailgazette.co.uk
  
  Consumer confidence in the UK remained stable in August, despite people feeling less optimistic about the wider economy.
  The GfK Consumer Confidence Barometer came in at -13 this month, in line with the July reading and up from -25 in August last year.
  The measure for the forecast personal finances over the next 12 months jumped by three points to +6, which GfK client strategy director Joe Staton said could be due to the recent Bank of England interest-rate cut, “and hopes of more to come&
  
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• Farfetch to close down software service in strategic shift

  23-08-2024 09:20 via retailgazette.co.uk
  
  Farfetch is shutting down its white-label business unit, Platform Solutions, which provides online shopping tools for retailers.
  The move comes as the luxury fashion retailer focuses on its core luxury marketplace as its operating losses drag down its new owner Coupang’s profits.
  Farfetch Platform Solutions, which counted Reebok, Harrods, Paul Smith and Off-White as clients, offered commerce solutions and retail technology designed for use by brands and retailers.
  Earlier this year, the fi
  
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• Consumer confidence remains unchanged in August

  23-08-2024 09:12 via theretailbulletin.com
  
  Consumer confidence has been stable in August despite people feeling less optimistic about the wider economy. GfK has announced that its long-running Consumer Confidence Index has... View Article
  
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• Shein finds child labour cases at supplier factories

  23-08-2024 09:07 via retailgazette.co.uk
  
  Shein has said it found two cases of child labour at suppliers last year.
  The fast fashion giant said it temporarily suspended orders from the suppliers concerned until they had addressed the issue, the BBC reported.
  The revelation came as Shein is thought to be considering an IPO, having grown rapidly over the last few years as shoppers look for affordable fashion amid the cost-of-living crisis.
  The disclosure was made in Shein’s latest sustainability report and follows concerns previousl
  
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• 3 ways JD Sports is driving global growth

  23-08-2024 09:00 via retailgazette.co.uk
  JD Sports’ global sales nudged up in its second quarter as it steams ahead with its plans to become the “leading global sports-fashion powerhouse”.
  While the retailer’s growth was strongest in North America and Europe, UK sales slipped 0.8%. But CEO Régis Schultz stresses this is because the UK is “more mature”, unlike other markets where it is still expanding and gaining share.
  Schultz says “we feel good about our performance in UK”, though
  
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• Sainsbury’s launches agroforestry initiative in partnership with the Woodland Trust

  23-08-2024 08:39 via theretailbulletin.com
  
  Sainsbury’s has launched a new agroforestry initiative in collaboration with the Woodland Trust. The news comes as the two organisations celebrate 20 years of partnership. Agroforestry... View Article
  
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• Do I Need to Grow Up Yet?

  23-08-2024 08:39 via theretailbulletin.com
  
  As students across the country receive their results and begin contemplating their future careers, Eddie shares his inspiring journey of finding passion and fulfillment in the... View Article
  
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• Majestic organic wine sales nearly double in a year

  23-08-2024 08:27 via retailgazette.co.uk
  
  Majestic organic wine sales have almost doubled over the past year as availability and demand for wines in the planet-friendly category accelerated ahead of expectations.
  The UK’s largest specialist wine retailer said on the eve of Organic September, sales of organic wines across its retail and on-trade supply businesses soared 94% during the 12 months to the end of July, compared to the same period the previous year.
  In August 2023, Majestic predicted that its organic wine sales would dou
  
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• Barbour joins line-up at Seven Dials

  23-08-2024 07:40 via theretailbulletin.com
  
  Barbour has opened a new store in Covent Garden’s Seven Dials shopping district. Situated at 37 Neal Street, the shop been designed in line with the... View Article
  
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