Retail news

• What you buy and what it says about the economy - podcast

  01-09-2024 17:00
  
  Whether it be our morning coffee or dining table or car loan, Australians are all making changes to their daily routine in response to rising expenses. Businesses such as coffee machine retailer Breville and the big two supermarkets are, consequently, doing very well. Premium furniture company Nick Scali, however, is reporting falling profits and car repossessions are slowly rising. So are these changes in spending a warning sign of an imminent recession?Tamsin Rose and senior business reporter
  
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• VAT should be cut on refurbished electricals, says Currys boss

  01-09-2024 15:20
  
  Alex Baldock wants to keep gadgets out of landfill as UK’s largest electricals retailer embraces repair and reuseThe UK government should slash VAT on refurbished electrical products to keep gadgets out of landfill, according to the boss of Currys.“It has already been charged once on these products,” said Alex Baldock, the head of the UK’s largest electrical goods retailer. “I would like to see a radical reduction or entire cut on these products.” Continue rea
  
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• ‘People tend to think these battles have been won’: Next equal pay claimant on fight for recognition

  01-09-2024 15:00
  
  Helen Scarsbrook says company, which is appealing against the ruling, hasn’t recognised value of female shop floor staffDuring an average shift on the shop floor at Next, Helen Scarsbrook has to remain polite and keep smiling while she makes split-second judgments about which customers need help and which need to be tactfully discouraged from shoplifting and ushered out of the store.She and her mostly female colleagues are on their feet for long stretches and regularly do heavy lifting as
  
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• Going up: Can Britain’s empty department stores be brought back to life?

  01-09-2024 11:00
  
  With many branches of famous chains lying empty, work is under way to transform them into housing, hotels, offices, independent shops and more. Could this be the key to revitalising the high street?Department stores, once palaces of delight and theatres of modernity, enclosed commercial town squares where you might meet, fall in love, get married and furnish your new home, are now none of these things. Empty, cold and bulky, they occupy town centres like fridge freezers that no one will take awa
  
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• Iceland chairman vows to ‘take rap’ for staff WhatsApping shoplifter images

  01-09-2024 10:57 via retailgazette.co.uk
  
  Iceland chairman Richard Walker has insisted he will “take the rap” for staff members who share images of shoplifters on WhatsApp, criticising “stupid” data protection laws that stop retailers posting CCTV images of thieves.
  Walker called on the government to change laws making it a potential offence to share footage of shoppers caught stealing on local WhatsApp groups, The Times reported.
  He explained he had told workers to share the images on high street WhatsApp groups
  
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• Iceland chairman to ‘take the rap’ for staff WhatsApping shoplifter images

  01-09-2024 10:57 via retailgazette.co.uk
  
  Iceland chairman Richard Walker will “take the rap” for staff members who shared images of shoplifters on WhatsApp, criticising “stupid” data protection laws that stop retailers posting CCTV images of thieves.
  Walker called on the government to change laws making it a potential offence to share footage of shoppers caught stealing on local WhatsApp groups, The Times reported.
  He explained he told workers to share the images on high street WhatsApp groups despite the curren
  
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• Space NK celebrates grand opening of new store in Exeter

  01-09-2024 10:37 via theretailbulletin.com
  
  Beauty enthusiasts in Exeter have a new destination for their favourite skincare and cosmetic brands as Space NK officially opened its doors in the Princesshay Shopping... View Article
  
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• HMV records steep sales boost due to Oasis reunion

  01-09-2024 10:13 via retailgazette.co.uk
  
  HMV has posted a “huge boost” in sales due to the reunion of rock band Oasis after 15 years.
  Revenues shot up 526% week on week across the band’s full catalogue, as fans flocked to the music and entertainment retailer following news Oasis would be performing multiple live shows next year.
  Sales of Oasis’ debut LP Definitely Maybe rose 443% compared to the previous week, while their albums (What’s the Story) Morning Glory? and Knebworth 1996 were up 684% and 209% res
  
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• HMV enjoys steep sales boost amid Oasis reunion

  01-09-2024 10:13 via retailgazette.co.uk
  
  HMV has posted a “huge boost” in sales due to the reunion of rock band Oasis after 15 years.
  Revenues shot up 526% week on week across the band’s full catalogue, as fans flocked to the music and entertainment retailer following news Oasis would be performing multiple live shows next year.
  Sales of Oasis’ debut LP Definitely Maybe rose 443% compared to the previous week, while their albums (What’s the Story) Morning Glory? and Knebworth 1996 were up 684% and 209% res
  
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• Temu owner PDD builds $38bn cash pile as it denies investors payouts

  01-09-2024 06:00
  Chinese online retailer accumulates biggest net cash position of any listed group not to pay dividends or buy back shares
  
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