Retail news

• Lessons in law and economics from the Next pay gap case

  09-10-2024 16:40
  Companies need to be careful, but the judgment ultimately preserves market forces
  
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• Go Outdoors launches new running department

  09-10-2024 16:36 via retailgazette.co.uk
  
  Go Outdoors has launched a new running department, Kudos Run, in store and online as it bolsters its sports offer.
  The new concept covers premium footwear, clothing, wearable technology, and nutrition from brands such as Adidas, Asics, Garmin, Merrell, New Balance and Salomon.
  The new department is available on the outdoor specialist’s website and will roll out across six of its flagship stores: its newly opened York store, Swindon, Coventry, Stoke, Derby, and Stockton. Related StoryA
  
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• Tesco launches video and store wrap advertising in retail media push

  09-10-2024 16:00 via retailgazette.co.uk
  
  Tesco’s retail media division has unveiled a host of new options for advertisers including video advertising and store wraps.
  The supermarket said the new video option would allow brand advertisers to launch short-form videos on Tesco’s website and app users. Meanwhile, its expanded options for in-store advertising include the ability to do store wrap advertising at up to 50 locations.
  Tesco wrapped its London Wembley store ahead of the Champions League final in June, promoting spons
  
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• Uniqlo owner to beat profit expectations in another record year

  09-10-2024 14:46 via retailgazette.co.uk
  
  Uniqlo owner Fast Retailing is expected to post a third year of record profits, which are forecast to have grown 24% for the 12 months through August to £2.46bn.
  This is £20m more than the fashion retailer forecast and comes as Uniqlo has focused on expanding into Western markets. It opened the door to a new store at Coal Drops Yard in Kings Cross and is set to reopen its London White City store this week. It follows the launch of Uniqlo’s third Oxford Street store by Tott
  
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• Uniqlo owner beats profit expectations in another record year

  09-10-2024 14:46 via retailgazette.co.uk
  
  Uniqlo owner Fast Retailing saw profits soar in its latest annual results, as it focussed on expanding into Western markets.
  Pre-tax profit was up 27% to £2.86bn for the period, while sales climbed 12%.
  It comes after it was previously reported Fast Retailing was expected to post a third year of record profits, which were forecast to have grown 24% for the 12 months through August. This made it £20m more than the fashion retailer previously forecast.
  Uniqlo opened the door to a new s
  
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• Plastic tub gets the snub as Nestlé tests paper container for Quality Street

  09-10-2024 14:27
  
  Christmas-favourite sweet brand hopes to cut virgin plastic use, but consumers may mourn reusable tubTucking into a tub of Quality Street is a Christmas tradition for many British families, and once they have scoffed the chocolates the handy container often takes on a new life, being used for many years as a cake tin or Lego storage box.But the useful plastic tub could be looking at its last Christmas as the confectionery brand’s owner tests the reaction of Quality Street fans to a new pap
  
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• Couche-Tard’s pursuit will force 7-Eleven to mount a tougher defence

  09-10-2024 13:06
  Japan’s designation of Seven & i as a ‘core business’ means a deal will not be easy, but investors should benefit regardless
  
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• Wilko launches webshop on Amazon

  09-10-2024 09:28 via retailgazette.co.uk
  
  Wilko has launched a webshop on Amazon as the value chain continues its digital expansion.
  Household and DIY products from the discount retailer’s own-brand range have appeared on the ecommerce giant’s platform.
  Consumers will be able to browse and shop ranges including pet essentials, cleaning products, paint, electricals, storage, homewares, and soft furnishings such as curtains and bedding. Related StoryWilko 2.0: How The Range owner plans to revive the discount chain20/08/2024 x
  
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• Shein overtakes Boohoo in UK as profits double

  09-10-2024 08:59 via retailgazette.co.uk
  
  Shein has overtaken rival Boohoo in the UK as the Chinese fashion giant revealed a near 40% increase in sales and surging profits.
  Pre-tax profit at Shein UK doubled from £12.2m to £24.4m in the year to end of December, according to new accounts on Companies House.
  Sales for the fashion giant rose 38% to £1.55bn, 30% more than Boohoo Group’s UK sales of £1.09bn last year. Related StoryShein gears up for investor meetings ahead of London IPO04/10/2024 x 7:54 AMShein
  
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• Revolution Beauty sales fall as turnaround plan takes effect

  09-10-2024 08:57 via retailgazette.co.uk
  
  Revolution Beauty has reported a drop in sales and half-year profits amid what it labelled a “transformational” year for the business.
  The cosmetics retailer reported underlying adjusted EBITDA had fallen 11% to £3.1m, down from £3.5m last year.
  Total net sales plunged 20% to £72m, which it attributed to “the planned simplification of the product portfolio and the associated discontinuation of unproductive SKUs”.
  However, it reported that sales from its
  
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• Smile for the Camera: The Reality of AI in Retail Age Verification

  09-10-2024 07:03 via theretailbulletin.com
  
  – by Ed Heaver, co-founder and CEO of Serve Legal Imagine walking into a store where the shelves seem to know your age better than you... View Article
  
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• THG appoints Amy Fisher as chief executive of beauty brands

  09-10-2024 06:24 via theretailbulletin.com
  
  THG, the parent company of Cult Beauty and Look Fantastic, has appointed Amy Fisher as chief executive of its beauty brands. Fisher previously worked as chief... View Article
  
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• Primark to open first store in Manhattan as it continues US expansion

  09-10-2024 05:59 via theretailbulletin.com
  
  Primark has signed a lease for its first store in New York’s Manhattan as it continues its US expansion. Situated at Herald Square in the Penn... View Article
  
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• Morrisons to hire up to 3,000 seasonal workers

  09-10-2024 05:59 via theretailbulletin.com
  
  Morrisons is launching a search for up to 3,000 extra colleagues to work in its stores and food manufacturing and logistics sites over the busy Christmas... View Article
  
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• Seven & i shares jump after Couche-Tard says it is ready to pay $47bn

  09-10-2024 05:10
  Canadian company’s non-binding offer to owner of 7-Eleven chain is 20% higher than initial rejected approach
  
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