Retail news

• Ikea says cutting prices ‘remains a priority’ after UK sales slide

  10-10-2024 16:22
  
  Sales down nearly 7% to £2.3bn in year to August as number of items sold fell back and retailer lowered pricesIkea has said price cutting “remains a priority” after sales at its UK business fell last year as hard-pressed shoppers cut spending on furniture and home improvement.The Swedish group said UK sales fell nearly 7% to £2.3bn in the year to August as the number of items sold slipped back and it lowered prices. Continue reading...
  
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• Ikea UK sales slide after investment in price cuts

  10-10-2024 16:01 via retailgazette.co.uk
  
  Ikea UK sales slid in its latest financial year, as it invested further into slashing prices.
  The homewares giant’s sales dropped 6.8% to £2.3bn in the year to 31 August, which it said was due to its “strategic decision” to prioritise affordability and invest more than £117m into cutting prices.
  The cuts were focused on some of the retailer’s most popular items, with 33% of its range reduced in total with an average price reduction of 20%.
  Despite the sales dr
  
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• In pictures: Fenwick reopens revamped beauty hall at Newcastle flagship

  10-10-2024 15:30 via retailgazette.co.uk
  
  Fenwick has unveiled its newly revamped and upsized beauty hall at its Newcastle flagship.
  The space now spans across 26,000 sq ft, and features two new enlarged atriums, 56ft of facade windows looking out onto Northumberland Street, over 1600 sq ft of terrazzo flooring, and a 50-ft long fragrance bar.
  Fenwick dubbed the new department as a “beauty oasis” with customers able to shop from 163 brands, such as Chantecaille, Charlotte Tilbury, Guerlain’s premium L’Art Matier,
  
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• Uniqlo owner sales and profits soar

  10-10-2024 13:38 via retailgazette.co.uk
  
  Uniqlo owner Fast Retailing’s profits have skyrocketed as the group’s focus in Western markets amid a downturn in its home region has paid off.
  Pre-tax profit for the Uniqlo and Theory owner rose 27% to £2.86bn for the period, up from the £2.24bn it made last year.
  Sales jumped 12% to £15.9bn, with its international arm including Europe and the US reporting a 19% surge to £8.7bn.
  Uniqlo opened the door to a new store at Coal Drops Yard in Kings Cross and is se
  
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• Ikea posts first drop in revenue since 2020 after cutting prices

  10-10-2024 13:00
  Flat-pack furniture retailer returns to policy of lowering furniture costs after pandemic-era increases
  
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• Amazon criticised as Tommy Robinson book tops chart

  10-10-2024 12:39
  
  Campaign group says site is platforming far-right activist by stocking his book which reached No 1 this weekAmazon has been accused of funnelling “thousands of pounds into the pockets of Britain’s best-known far-right extremist” after Tommy Robinson’s latest book topped its bestseller charts.Robinson, whose real name is Stephen Yaxley-Lennon, is one of Britain’s most prominent far-right activists and was a co-founder of the English Defence League. Continue reading..
  
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• Amazon criticised as Tommy Robinson book tops bestseller chart

  10-10-2024 12:39
  
  Campaign group says site is platforming far-right activist by stocking book, which reached No 1 this weekAmazon has been accused of funnelling “thousands of pounds into the pockets of Britain’s best known far-right extremist” after Tommy Robinson’s latest book topped its bestseller charts.Robinson, whose real name is Stephen Yaxley-Lennon, is one of Britain’s most prominent far-right activists and was a co-founder of the now defunct English Defence League. Continue
  
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• Aldi kicks off Christmas recruitment drive with 3,500 new roles

  10-10-2024 12:15 via retailgazette.co.uk
  
  Aldi is set to take on 3,500 extra store workers in the lead up to Christmas as it prepares for the festive season.
  The discount grocer is recruiting for a range of permanent store positions, including store assistants, managerial positions and cleaners.
  Starting pay for store assistants sits at £12.40 an hour nationally and £13.65 for those within the M25.
  Aldi joins Sainsbury’s and Morrisons in launching its recruitment drive for the festive season, with the supermarkets
  
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• White Stuff to open first airport store

  10-10-2024 12:10 via theretailbulletin.com
  
  White Stuff has chosen London Gatwick for the opening of its first airport store. Due to launch late next month at the North Terminal, the 1,044... View Article
  
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• Seven & i plans split as 7-Eleven owner resists $47bn buyout proposal

  10-10-2024 10:54
  
  Japanese retail conglomerate is trying to streamline operations to raise its value
  
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• 7-Eleven owner plans split as it resists record $47bn buyout proposal

  10-10-2024 10:54
  Japanese retail conglomerate seeks to streamline its operations as it fends off bid from Alimentation Couche-Tard
  
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• N Brown Group returns to profit despite drop in sales

  10-10-2024 10:29 via theretailbulletin.com
  
  N Brown Group, the owner of Simply Be, Jacamo and JD Williams, has announced that it returned to profit in the first half of its financial... View Article
  
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• Watch: Waitrose enlists S Club in new No.1 ad campaign

  10-10-2024 09:31 via retailgazette.co.uk
  
  Waitrose has enlisted pop group S Club in its new campaign to celebrate the relaunch of its No1 premium range.
  The campaign brings together the group’s members Tina Barrett, Jon Lee, Bradley McIntosh, Jo O’Meara, and Rachel Stevens for an after hours trip in the upmarket grocer’s newly revamped John Barnes store on Finchley Road.
  The ad, which is set a remix of S Club’s 1999 hit ‘You’re my Number One’ from DJ Jax Jones, shows S Club dancing in the superm
  
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• Watch: Waitrose enlists S Club for new No.1 ad campaign

  10-10-2024 09:31 via retailgazette.co.uk
  
  Waitrose has enlisted pop group S Club in its new campaign to celebrate the relaunch of its No1 premium range.
  The campaign brings together the group’s members Tina Barrett, Jon Lee, Bradley McIntosh, Jo O’Meara, and Rachel Stevens for an after hours trip in the upmarket grocer’s newly revamped John Barnes store on Finchley Road.
  The ad, which is set to a remix of S Club’s 1999 hit ‘You’re my Number One’ from DJ Jax Jones, shows the pop group dancing in
  
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• N Brown swings to profit despite falling sales

  10-10-2024 09:07 via retailgazette.co.uk
  
  N Brown has swung to a pre-tax profit in its first half despite falling sales as its digital overhaul takes effect.
  The Jacamo, JD Williams and Simply Be owner reported a profit before tax of £200,000 in the 26 weeks to 31 August, up from the £2.8m loss from the year before.
  It comes as sales for the group fell 6.7% to £277.2m, dragged down by a 7.9% drop in product revenue which it blamed on “unseasonal weather”.
  N Brown attributed its half-year performance to the
  
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• Waitrose partners with Just Eat as it ramps up convenience ambitions

  10-10-2024 08:52 via theretailbulletin.com
  
  Waitrose has signed a multi-year deal with Just Eat as it looks to expand its presence in the on-demand grocery and convenience sectors. In the coming weeks,... View Article
  
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• End Clothing snapped up by private equity giant Apollo

  10-10-2024 08:50 via retailgazette.co.uk
  
  End Clothing has been acquired by private equity giant Apollo, three years after previous owner The Carlyle Group bought the business.
  It comes as the luxury streetwear retailer’s lenders and shareholders have finalised an agreement to recapitalise the business, Drapers reported.
  Apollo helped to finance The Carlyle Group’s purchase of a majority stake in the brand back in 2021, which valued the business at £750m.
  End Clothing co-founders Christiaan Ashworth and John Parker, wh
  
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• Waitrose teams up with Just Eat for on-demand delivery

  10-10-2024 08:30 via retailgazette.co.uk
  
  Waitrose has become the latest supermarket to join Just Eat as it looks to expand its on-demand delivery grocery offer.
  The partnership will roll out to 229 of the upmarket grocer’s locations across the UK, including in Birmingham, Glasgow, London and Manchester.
  It joins the John Lewis Partnership-owned supermarket’s existing partnerships with Deliveroo and Uber Eats.
  Earlier this year, Waitrose revealed it was planning to ramp up its convenience offer by opening up to 100 new c-sto
  
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• Emirates unveils new experiential travel store in London

  10-10-2024 08:19 via theretailbulletin.com
  
  The Emirates airline has opened a new ‘Emirates World’ Travel Store in London’s South Kensington. The dedicated Emirates retail space is the first to open in... View Article
  
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• Revolution Beauty posts drop in first half sales and profit

  10-10-2024 08:14 via theretailbulletin.com
  
  Revolution Beauty saw its total net sales fall by 20% to £72 million in its first half after a planned simplification of its product portfolio and... View Article
  
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• Asda trials new uniform for store colleagues

  10-10-2024 08:14 via theretailbulletin.com
  
  Asda is to launch a six-week trial of a new uniform for store colleagues in what is the supermarket’s first significant overhaul to its staff clothing... View Article
  
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• Regatta Great Outdoors ventures into video on demand

  10-10-2024 07:40 via theretailbulletin.com
  
  Regatta Great Outdoors is to launch a new autumn/winter campaign with its first foray into video on demand. Launching on 21 October, When Warmth Matters has... View Article
  
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• The B2B of product information management

  10-10-2024 07:13 via theretailbulletin.com
  
  B2B commerce is under more and more pressure to meet the demands of a tech-savvy, digital-first consumer who has brought over all their expectations about service... View Article
  
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