Retail news

• The Entertainer opens over 850 toy concessions in Tesco

  16-10-2024 13:50 via retailgazette.co.uk
  
  The Entertainer has completed its major roll-out of more than 850 toy shop-in-shops within Tesco stores as part of its partnership with the grocery giant.
  The toy specialist said its “significant expansion” across 861 large Tesco stores in the UK and Ireland was achieved in just eight months, with an average of 100 new concessions opening each month.
  The roll-out involved over 4.5 million toys being delivered to stock the new concessions.
  With thousands of The Entertainer’s pro
  
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• Sneak peek: Greggs to open Champagne bar in Fenwick next week

  16-10-2024 12:39 via retailgazette.co.uk
  
  Greggs is set to open a Champagne bar at Fenwick department store in Newcastle in what it said will be “the UK’s most premium Greggs”.
  The bar at Fenwick will launch on 24 October in the department store’s food hall, opening from 11:30am until store closing on a reservation-only basis. It will open until 31 December.
  The “indulgent” menu, specially created by Fenwick executive head chef Mark Reid in collaboration with Greggs, will see the sausage roll maker&rs
  
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• Poundland rolls out rewards app nationwide in £20m value push

  16-10-2024 12:39 via retailgazette.co.uk
  
  Poundland is rolling out its rewards app nationwide as part of a £20m investment to deliver better value to customers.
  Poundland Perks, available on Google Play and Apple App stores, allows customers to collect ‘perk points’ when they spend in store which can be turned into digital reward vouchers to spend in store or online when they reach certain thresholds.
  Users will also be offered at least 100 Perks offers on various products in the app at any one time.
  The roll out follo
  
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• ProCook goes on pre-Christmas store opening spree as sales rise

  16-10-2024 12:22 via retailgazette.co.uk
  
  ProCook sales rose 8.8% to £17m in its second quarter driven by a strong retail and online performance, as the kitchenware retailer prepares to open a raft of stores before Christmas.
  Second quarter like-for-likes increased by 4.7%, with retail and ecommerce growing by 7.1% and 12.2%, respectively. For the first half, ProCook’s sales climbed by 7.5% to £28.3m and by 4.2% on a like-for-like basis. Gross profit and operating costs were in line with expectations.
  ProCook plans to
  
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• Shein adds more banks as it lines up London IPO

  16-10-2024 10:42 via retailgazette.co.uk
  
  Shein has enlisted more banks to help it line up its potential initial public offering in London.
  Barclays Plc and UBS Group AG have been appointed as bookrunners for the upcoming flotation on the London Stock Exchange, Bloomberg reported.
  The fast fashion giant has been working with the likes of Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley on its preparations.
  Sources said that a listing could take place as soon as early next year, but warned that deliberations are ongoin
  
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• RTS extends partnership with Commerce Futures, to deliver unrivalled eCommerce content, insight and connections at RTS 2025

  16-10-2024 09:44 via theretailbulletin.com
  
  The Retail Technology Show (RTS), the leading event that connects retail’s changemakers and cutting-edge technology providers, has announced it will extend its partnership with Commerce Futures,... View Article
  
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• Superdry to open new ‘Athletic Essentials’ concept store

  16-10-2024 09:30 via retailgazette.co.uk
  
  Superdry is set to open a new concept store aimed at Gen Z shoppers as it continues with its turnaround plan.
  Athletic Essentials by Superdry will open in the Westfield London shopping centre in White City later this week, Retail Week reported.
  The concept will offer largely womenswear and target shoppers between the ages of 16 and 27.
  The Athletic Essentials collection includes matching sets, sweatshirts, hoodies and graphic T-shirts designed for everyday wear. Related StorySuperdry CEO: UK sho
  
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• Retail industry faces £140m rates increase as September inflation revealed

  16-10-2024 09:30 via retailgazette.co.uk
  
  Inflation fell to 1.7% last month, dropping below the Bank of England’s 2% target for the first time in more than three years, according to the latest Consumer Price Index. However, food inflation saw an increase of 0.6 percentage points, rising to 1.9%.
  The September CPI figure will determine next April’s increase to business rates, with the retail industry facing an estimated additional £140m in payments. 
  Business rates hikes have been “damaging investment and pre
  
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• Adidas ups profit forecast to £1bn as Samba and Gazelles soar

  16-10-2024 09:02 via retailgazette.co.uk
  
  Adidas has raised its full-year guidance for the third time this year, citing a “better-than-expected” third quarter and the current brand momentum of its Samba and Gazelle trainers.
  The sporting giant reported a 46% increase in operating profit from £342m (€409m) to £500m (€598m), which included a £41.8m (€50m) contribution from the sale of parts of the remaining Yeezy inventory.
  Sales rose 7% to £5.39bn (€6.44bn), driven by the success of
  
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• Adidas targets £1bn in profit as Samba and Gazelles soar

  16-10-2024 09:02 via retailgazette.co.uk
  
  Adidas has raised its full-year guidance for the third time this year, citing a “better-than-expected” third quarter and the current brand momentum of its Samba and Gazelle trainers.
  The sporting giant reported a 46% increase in operating profit from £342m (€409m) to £500m (€598m), which included a £41.8m (€50m) contribution from the sale of parts of the remaining Yeezy inventory.
  Sales rose 7% to £5.39bn (€6.44bn), driven in part by the su
  
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• ProCook posts 8.8% increase in second quarter revenue

  16-10-2024 08:59 via theretailbulletin.com
  
  ProCook has posted an 8.8% increase in total revenue to £17 million in its second quarter after it outperformed its market. The kitchenware retailer’s total like-for-like... View Article
  
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• TFG London to open largest ever multi-brand flagship

  16-10-2024 08:37 via theretailbulletin.com
  
  Fashion retail group TFG London is to open its largest ever store after signing for a 12,000 square foot space at Liverpool ONE. The new flagship... View Article
  
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• Wilko to offer on-demand delivery with Deliveroo

  16-10-2024 08:35 via theretailbulletin.com
  
  Home and garden retailer Wilko has teamed up with Deliveroo to give customers access to on-demand delivery. As the retailer continues its return to the high... View Article
  
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• John Lewis brings back personal loans for customers

  16-10-2024 08:32 via retailgazette.co.uk
  
  John Lewis has brought back personal loans for its customers as it looks to widen its financial services offer.
  The department store chain has partnered with digital bank Zopa to provide customers access to between £1,000 and £35,000 in less than two hours on its website, The Telegraph reported.
  The loans range from one year to seven years and is repaid within fixed monthly amounts.
  The move means customers will be able to receive loans directly from the Partnership once again after
  
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• Boots hails strong fourth quarter and full year sales rise

  16-10-2024 08:13 via theretailbulletin.com
  
  Boots saw its comparable retail sales increase by 6.2% year-on-year in its fourth quarter with the growth spanning all categories. The performance meant that sales climbed... View Article
  
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• Currys unveils refreshed credit product with flexible payment option

  16-10-2024 07:43 via theretailbulletin.com
  
  Currys has unveiled a revamped credit offering that includes a flexible payment option. Through Currys Flexpay, the electrical and tech retailer offers shoppers the choice of... View Article
  
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• UK luxury brands in risk of going from riches to rags

  16-10-2024 06:00
  
  Mulberry and Burberry in need of a drastic change of style
  
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• UK luxury brands at risk of going from riches to rags

  16-10-2024 06:00
  
  Mulberry and Burberry in need of a drastic change of style
  
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