Retail news

• H&M relaunches Cheap Monday as it relaunches and is on Asos after 5-year hiatus

  05-09-2024 18:21 via retailgazette.co.uk
  
  Asos has become one of the exclusive retailers for H&M’s relaunched Cheap Monday brand.
  The online fashion giant said the revival of Cheap Monday sees it “continue to build on its partnership with the H&M Group” as it already sells &Other Stories, Monki, and Weekday.
  Now available in key markets on Asos, menswear and womenswear ranges from Cheap Monday will feature an assortment of denim, from skinny fit jeans to the western bootcut to extreme baggy, and accessories
  
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• Oliver Bonas opens a new, larger store on North Street in Brighton

  05-09-2024 17:50 via theretailbulletin.com
  
  Oliver Bonas, the renowned independent British lifestyle store, is excited to announce the grand opening of its new, larger store in Brighton, located on North Street.... View Article
  
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• Nisa retailer joins forces with local council to launch Project Phoenix in Walsall

  05-09-2024 17:50 via theretailbulletin.com
  
  Nisa retailer Harjit Singh, MADL’s Community Champion of the Year 2023, is on a mission to reduce antisocial behaviour in the Walsall area in collaboration with... View Article
  
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• Gymshark appoints Sian Keane as Chief People Officer

  05-09-2024 17:50 via theretailbulletin.com
  
  Gymshark, the fitness community and apparel brand, today announces the appointment of Sian Keane to the role of Chief People Officer. Sian is the latest in... View Article
  
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• Asos sells majority stake in Topshop and Topman to Danish retail billionaire

  05-09-2024 16:58
  Online fast-fashion retailer agrees £135mn deal with Anders Holch Povlsen
  
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• Topshop could return to high street after Asos sells stake for £135m

  05-09-2024 15:12
  
  Online fashion retailer hands control of brand to Jack & Jones owner with sale of 75% stake to help repay debtsBusiness live – latest updatesTopshop and Topman could return to the high street after Asos handed control of the fashion brand to the billionaire behind Vero Moda and Jack & Jones in a £135m deal.The online fashion seller said it had sold a 75% stake in Topshop, the group it bought just over three years ago for £330m, to Heartland, an arm of Bestseller, the Da
  
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• Burberry exits FTSE 100 after share price plummet

  05-09-2024 15:11 via retailgazette.co.uk
  
  Burberry has been demoted from the FTSE 100 following its September quarterly review following its share price fall.
  The luxury fashion house will join the FTSE 250 Index, with the changes due to take effect from the start of trading on 23 September.
  The relegation marks the end of Burberry’s 15-year stay on the London Stock Exchange’s blue-chip gauge. It follows the retailer’s share price plunging 50% over the past six months. Related StoryPrimark UK sales dip as poor weather
  
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• 7-Eleven’s Japanese owner poised to reject Couche-Tard offer

  05-09-2024 14:13
  
  Special committee reviewing the bid views the offer as insufficient and is concerned about regulatory risk
  
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• 7-Eleven owner set to reject Couche-Tard takeover offer

  05-09-2024 14:13
  Special committee reviewing the bid views the offer as insufficient and is concerned about regulatory risk
  
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• Amazon hands 10% pay rise to frontline operations staff

  05-09-2024 14:09 via retailgazette.co.uk
  
  Amazon has introduced an almost 10% pay rise for tens of thousands of its UK workers, effective from 29 September.
  The online giant has upped its minimum starting pay for frontline operations staff to between £13.50 and £14.50 per hour, depending on their location.
  For workers with 36 months service, this increase will be to between £13.75 and £14.75 an hour.
  The rise equates to annual starting salary of between £28,080 and £30,160.
  Amazon UK country manager J
  
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• John Lewis brings back ‘never knowingly undersold’ promise

  05-09-2024 14:04
  
  Retailer says it will use AI tools to match in-store and online prices of 25 competitors after axing policy in 2022Business live – latest updatesJohn Lewis is reviving its “never knowingly undersold” price promise, which it ditched just two and a half years ago, as part of a marketing blitz as it heads into the all-important Christmas selling season.The retailer said it would use artificial intelligence tools to match prices both in-store and online for 25 competitors including
  
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• John Lewis reinstates ‘never knowingly undersold’ price promise

  05-09-2024 14:00
  Pledge had been ditched two years ago under outgoing chair Sharon White
  
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• John Lewis brings back ‘Never Knowingly Undersold’ price promise

  05-09-2024 14:00 via retailgazette.co.uk
  
  John Lewis is bringing back its ‘Never Knowingly Undersold’ price promise two years after it was scrapped, as it reaffirms its commitment to quality products, brilliant service and competitive prices.
  Starting from Monday (9 September), the department store will price match its products in store and online to those across 25 major retailers, including M&S, Next, Boots and AO.com.
  The “reimagined pledge” will use AI technology to check prices at online and high st
  
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• Gymshark appoints former-Farfetch exec as chief people officer

  05-09-2024 13:29 via retailgazette.co.uk
  
  Gymshark has named Sian Keane as chief people officer as it bolsters its leadership team.
  She joins the gymwear giant following 11 years at Farfetch, the last six of which she was chief people officer.
  During her time at the online fashion firm, she supported its growth from 100 people to over 7,000 globally, including the integration of ten acquisitions during her tenure. Prior to that, Keane has held multiple senior roles in the recruitment sector.
  In her new role, she will be responsible for
  
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• La Redoute appoints Fabien Versavau as chief executive

  05-09-2024 13:26 via theretailbulletin.com
  
  La Redoute has appointed Fabien Versavau as its new chief executive officer. Due to take up his role on 9 September, he will be responsible for... View Article
  
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• Primark UK sales dip as poor weather hits footfall

  05-09-2024 09:57 via retailgazette.co.uk
  
  Primark UK sales are set to fall in its second half as poor weather led to lower footfall in its stores.
  Total UK sales will dip around 0.5% as like-for-likes will decrease 2% in its half ending 14 September, as the weather hit its seasonal lines in womenswear and footwear.
  Primark’s market share decreased slightly over the period, which it said reflected the lower high street footfall.
  However, the discount retailer expects total sales growth to be around 4% for the half due to its contin
  
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• Currys summer sales boosted by Euros performance

  05-09-2024 09:57 via retailgazette.co.uk
  
  Currys hailed “a positive start to the year” as the summer of sport helped to boost sales as shoppers refreshed their tech stack ahead of the Euros football tournament and Olympics.
  The electricals specialist reported a 5% rise in UK and Ireland sales for the 17 weeks to 24 August, which it attributed to “encouraging” early adoption of AI computing products as well as England’s performance in the Euros.
  Currys said mobile was continuing to perform strongly, with its
  
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• How M&S aims to become a digital fashion leader

  05-09-2024 09:23 via retailgazette.co.uk
  
  It’s no secret that M&S has got its mojo back. After more than a decade in the doldrums, its clothing and homewares are back on form and it is winning back customers – and attracting new ones too.
  The division has delivered 12 consecutive quarters of growth, with sales up 5.3% in its last financial year, and it holds its highest market share in womenswear in nine years.
  However, it’s not resting its laurels. The high street giant is aiming to grow its clothing and home mark
  
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• The Cornish Bakery Opens New Nottingham Site, Reports Record Sales Over £1M Weekly

  05-09-2024 09:06 via theretailbulletin.com
  
  The Cornish Bakery has opened a new large site in the centre of Nottingham as it announced that it has delivered record-breaking summer sales exceeding £1... View Article
  
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• Astrid & Miyu leads trio of openings in London’s Soho

  05-09-2024 09:05 via theretailbulletin.com
  
  Shaftesbury Capital has announced that Astrid & Miyu’s new flagship store in London’s Foubert’s Place has led a trio of new openings in Soho. The street... View Article
  
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• Asos offloads Topshop to Bestseller owner as it refinances

  05-09-2024 09:04 via retailgazette.co.uk
  
  Asos has launched a refinancing of the business as it enters into a joint venture with an investment firm owned by Bestseller owner the Holch Povlsen family, over its Topshop and Topman brands.
  Bestseller CEO Anders Holch Povlsen is Asos’ largest shareholder.
  The investment company, Heartland, will pay £135m for a 75% stake in the brands, with Asos holding the remaining 25%.
  The deal will grant the online retailer certain design and distribution rights for the Topshop and Topman bran
  
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• Savage X Fenty announces international retail expansion into Selfridges

  05-09-2024 09:03 via theretailbulletin.com
  
  Savage X Fenty, the lingerie, loungewear and sportswear brand founded by Rihanna, has launched its first international physical location at London’s Selfridges department store. In the... View Article
  
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• Poundstretcher slashes prices by up to 75% in new multi-million-pound summer sale

  05-09-2024 08:34 via theretailbulletin.com
  
  Discount chain Poundstretcher has cut prices by up to 75% on hundreds of products as part of a new multi-million-pound summer sale. The move follows the... View Article
  
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• The Range and Wilko stores become dog-friendly

  05-09-2024 08:10 via theretailbulletin.com
  
  CDS Superstores has announced that its Wilko and The Range shops are now dog-friendly. The two retail brands are now welcoming well behaved dogs in all... View Article
  
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• The Cornish Bakery opens new site in Nottingham as it announces record-breaking summer sales

  05-09-2024 08:10 via theretailbulletin.com
  
  The Cornish Bakery has opened a new large site in the centre of Nottingham as it announced that it has delivered record-breaking summer sales exceeding £1... View Article
  
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• M&S using AI as personalised style guru in hopes to boost sales

  05-09-2024 07:00
  
  Shoppers can use technology to advise them on outfit choices based on their body shape and style preferencesMarks & Spencer is using artificial intelligence to advise shoppers on their outfit choices based on their body shape and style preferences, as part of efforts to increase online sales.The 130-year-old retailer is using the technology to personalise consumers’ online experience, and suggest items to buy. Continue reading...
  
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