Retail news

• As John Lewis Partnership promises ‘significantly higher’ profits, why is it feeling so positive?

  12-09-2024 22:00 via retailgazette.co.uk
  
  John Lewis Partnership has seemingly hit its stride in its turnaround as it revealed today it was on track to deliver “significantly higher” profits this year.
  The retail giant, which also owns Waitrose, reported it had narrowed its pre-tax losses from £59m to £30m as sales rose 2% to £5.9bn.
  As Shore Capital analyst Clive Black says: “It is pleasing to see this British retail institution out of the surgical ward and almost exiting the medical one too.&rd
  
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• Lush launches limited edition freshers essentials student starter pack

  12-09-2024 20:22 via theretailbulletin.com
  
  Fresh handmade cosmetics company Lush is launching a new £20 routine box aimed at people returning to school, college or university this month. In stores, customers... View Article
  
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• Bird & Blend Tea Co. Unveil Tea-riffic Cookbook

  12-09-2024 19:52 via theretailbulletin.com
  
  Bird & Blend Tea Co., the award-winning independent tea company known for its creative tea blends, is releasing its first-ever cookbook Brew, Bake, Sip & Savour.... View Article
  
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• It’s not buzzy like M&S but John Lewis is improving | Nils Pratley

  12-09-2024 18:23
  
  There are signs of greater self-belief and a token bonus doesn’t feel impossible after two years withoutDon’t get too carried away by the John Lewis Partnership’s prediction of a “significant uplift” in profits this financial year. Last year’s outcome, after three years of losses, was a modest £56m, so any figure above £100m-ish could qualify as a “significant” advance. The real target – the partnership’s definition of a &ld
  
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• Christie’s buys classic car auction house Gooding & Co

  12-09-2024 18:00
  
  London-based company looks to expand luxury offerings as art market weakens
  
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• Hotter Shoes owner snaps up German retailer Peter Hahn

  12-09-2024 17:52 via retailgazette.co.uk
  
  Hotter Shoes owner Wourth Group has bought German clothes retailer Peter Hahn out of administration, pushing the group’s predicted annual sales from £110m to £300m.
  The parent company, which snapped up Hotter Shoes more than a year ago, now owns brands including Scotts of Stow, Thought Clothing and Peter Hahn, Drapers reported.
  Excluding Peter Hahn, Wourth – which recently rebranded from WoolOvers Group – sales for the same period are predicted to rise 25% to &
  
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• John Lewis hails ‘exceptional’ response to Never Knowingly Undersold return as it readies joint loyalty programme

  12-09-2024 15:14 via retailgazette.co.uk
  
  New John Lewis boss Peter Ruis said the it has had an “exceptional” response to the return of its ‘Never Knowingly Undersold’ pledge as he prepares to ramp up the retailer’s customer offer over the golden quarter.
  The department store chain brought back its price match promise at the start of the week after dropping the commitment two years ago.
  “After a week of the relaunch, I can tell you it’s been exceptional, with some incredible sales and some incre
  
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• ‘Buzz is back’ for John Lewis, but no commitment to return of staff bonus

  12-09-2024 14:37
  
  Retail group on course for ‘significantly higher’ full-year profits, with‘transformation plan working’Business live – latest updatesThe owner of John Lewis and Waitrose has said it is on track for “significantly higher” full-year profits, but refused to confirm staff would get their annual bonus next March.Nish Kankiwala, the chief executive of the John Lewis Partnership, said “the buzz is back”, but did not commit to the return of the annual
  
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• Tesco loses UK legal battle over plans to ‘fire and rehire’ staff on lower pay

  12-09-2024 14:31
  Dispute centred on use of threat of dismissal to remove ‘retained pay’ awarded in 2007 to encourage staff to relocateBusiness live – latest updatesTesco has lost a high-profile “fire and rehire” case in the UK’s supreme court over proposals by the supermarket to let some staff go and re-employ them on lower pay.The dispute with the shopworkers’ union Usdaw began in 2021 and centred on moves to use firings or the threat of dismissal to remove retention pa
  
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• Breaking: Boots promotes ex-Asda director to MD

  12-09-2024 13:28 via retailgazette.co.uk
  
  Boots has named Anthony Hemmerdinger as its new managing director for UK and Ireland, replacing Seb James from 4 November.
  Hemmerdinger has been the retail & operations director at the health and beauty giant since September 2022 and brings with him over 30 years of experience in the UK retail sector.
  In his current role, Boots said he has “been a principal member of the leadership team under which the business has undergone a successful transformation”.
  “Anthony has spearh
  
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• Boots promotes ex-Asda director to MD

  12-09-2024 13:28 via retailgazette.co.uk
  
  Boots has named Anthony Hemmerdinger as its new managing director for UK and Ireland, replacing Seb James from 4 November.
  Hemmerdinger has been the retail and operations director at the health and beauty giant since 2022 and brings with him over 30 years of experience in the UK retail sector.
  In his current role, Boots said he has been “a principal member of the leadership team under which the business has undergone a successful transformation”.
  “Anthony has spearheaded Boots&
  
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• Freemans names Sophie Ellis-Bextor as face of autumn/winter campaign

  12-09-2024 13:08 via theretailbulletin.com
  
  Freemans has announced that Sophie Ellis-Bextor has been appointed as the face of its new autumn/winter fashion campaign. The digital department store will target the 40+... View Article
  
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• John Lewis hails turnaround effect as Waitrose sales help narrow losses

  12-09-2024 12:49
  Retailer expects ‘significant uplift’ in full-year profits
  
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• Tesco warehouse staff win ‘fire and rehire’ case

  12-09-2024 12:24
  Decision by Supreme Court to overturn earlier ruling welcomed by shop workers’ union
  
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• Tesco loses legal battle over ‘fire and rehire’ tactics

  12-09-2024 11:13 via retailgazette.co.uk
  
  Tesco has lost its Supreme Court ‘hire and fire appeal’ as the judge ruled it cannot terminate staff employment contracts and offer to rehire them on less favourable terms.
  Shopworkers’ union Usdaw took legal action against the supermarket giant after it tried to strip some warehouse workers of their higher pay by ending their contracts and offering to rehire them, in a long-running legal battle between the pair.
  The Supreme Court unanimously ruled today (12 September) that Tes
  
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• Breaking: Tesco loses legal battle over ‘fire and rehire’ tactics

  12-09-2024 11:13 via retailgazette.co.uk
  
  Tesco has lost its Supreme Court ‘hire and fire appeal’ as the judge ruled it cannot terminate the employment contracts of its staff and offer to rehire them on less favourable terms.
  Shopworkers’ union Usdaw took legal action against the supermarket giant after it tried to strip some warehouse workers of their higher pay by ending their contracts and then offering to rehire them, in a long-running legal battle between the pair.
  The Supreme Court unanimously ruled today (12 Sep
  
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• [ CASE STUDY ] END. Clothing

  12-09-2024 10:56 via theretailbulletin.com
  
  END. Clothing (END.) is a British retailer known for its curated selection of high-end streetwear, contemporary fashion, and exclusive collaborations. Founded in 2005 in Newcastle upon Tyne,... View Article
  
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• Superdrug celebrates annual Star Awards

  12-09-2024 10:07 via theretailbulletin.com
  
  Health and beauty retailer Superdrug has celebrated its annual Star Awards this week at a special evening held at JOIA Battersea. The awards celebrate the best... View Article
  
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• Waterstones to open bookshop inside John Lewis Oxford Street

  12-09-2024 10:03 via retailgazette.co.uk
  
  Waterstones is making a return to Oxford Street as it teams up with John Lewis to open a bookshop in the retailer’s flagship on the busy shopping street.
  The bookseller will open a shop-in-shop on the second floor of the department store’s flagship, next to its café, on 8 October.
  The space will stock nearly 20,000 books, including non-fiction, fiction and children’s books.
  At one time, Waterstones had four bookshops along the busy shopping street but the last of its sto
  
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• What on earth’s going on at Boohoo?

  12-09-2024 09:44 via retailgazette.co.uk
  Yesterday Boohoo revealed it is closing the US distribution centre that CEO John Lyttle said would be “a complete gamechanger for us just a year after its opening, in a move that analysts think will cost it a minimum of £34m.
  It’s not the first time the embattled fast fashion retailer has made such a u-turn. Earlier this year, it revealed it would close its Daventry warehouse in the UK less than three years after it opened, putting 400 jobs at risk.
  And in another about-tu
  
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• Ocado unveils new retail media offer to drive ‘measurable growth’

  12-09-2024 09:41 via retailgazette.co.uk
  
  Ocado has introduced a new retail media service called Ocado Ads, marking “a new chapter in its journey”.
  The offer will help brands “drive measurable growth” and deliver customer “relevant advertising and a personalised experience”, The Grocer reported.
  Ocado Ads features campaign planning and management tools in partnership with etail media platform Zitcha, alongside advertising options across onsite, offsite, social media, and connected TV. It also delivers
  
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• Zara owner Inditex posts sales and profit uplifts

  12-09-2024 09:22 via theretailbulletin.com
  
  Zara owner Inditex has posted a 7.2% sales increase to €18.1 billion in the first half of the year following the popularity of its  spring/summer collections.... View Article
  
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• Data: 38 stores have closed every day in 2024

  12-09-2024 09:00 via retailgazette.co.uk
  
  Almost 40 stores closed their doors for the final time each day this year in the latest blow to the high street, according to new data.
  The latest research from PwC shows that 6,945 outlets have shut so far in 2024, equating to 38 store closures per day – an increase on last year’s 36 per day.
  This figure outnumbers the rate of new store openings, which rose modestly to 4,661 this year – averaging 25 openings each day.
  However, value retailers and convenience stores experienced
  
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• Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds

  12-09-2024 09:00
  
  Worst net closures so far this year are on high streets, while retail parks and shopping centres fare betterA wave of closures by chemist, pub and bank chains led to almost 2,300 more empty stores on high streets, shopping centres and retail parks in Great Britain in the first half of this year, according to new research.Chain stores were shuttered at a net rate of 12 a day, with the three services accounting for half of those closures, according to a survey by Green Street for the advisory firm
  
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• [ REPORT ] Diversifying Revenue Streams 2024

  12-09-2024 08:50 via theretailbulletin.com
  
  What does secondary revenue mean to you, and how can it benefit your business? Discover the insights as Webloyalty spoke with large UK business owners to... View Article
  
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• John Lewis Partnership on track for ‘significantly higher’ full-year profit despite ongoing losses

  12-09-2024 08:46 via retailgazette.co.uk
  
  The John Lewis Partnership reported a stronger set of half-year results and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan bears fruit.
  The retail giant , which also owns Waitrose, saw sales top £5.9bn for the 26 weeks ending on 27 July, up 2% year on year.
  The company’s pre-tax loss slipped from £59m to £30m, with total revenue rising to £5.2bn.
  Waitrose outshone the market with  sales up 5% and a &po
  
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• John Lewis Partnership cuts losses and eyes ‘significantly higher’ full-year profit

  12-09-2024 08:46 via retailgazette.co.uk
  
  John Lewis Partnership reported a stronger set of half-year results and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan bears fruit.
  Pre-tax loss was cut from £59m to £30m, and removing exceptionals, losses were slashed from £57m to £5m.
  The retail giant, which also owns Waitrose, saw sales top £5.9bn for the 26 weeks ending on 27 July, up 2% year on year.
  Waitrose sales rose 5% and adjusted operating profit
  
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• Charlotte Tilbury to open third standalone store in London

  12-09-2024 08:22 via theretailbulletin.com
  
  Charlotte Tilbury is to open its third standalone store in London today at the Westfield Stratford City shopping centre. The move follows the success of the... View Article
  
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• 7-Eleven owner taps Nomura to advise on takeover battle after rejecting $39bn offer

  12-09-2024 04:34
  Circle K parent Alimentation Couche-Tard says it is focused on securing deal with Seven & i
  
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