Retail news

• Kering warns on profit as Gucci sales plunge

  23-10-2024 21:34
  French luxury group grapples with a difficult turnaround at its biggest brand as demand dips in Asia
  
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• Frasers Group criticises management of Mulberry after ditching takeover plans

  23-10-2024 17:19
  
  Mike Ashley’s retail group says it ‘remains concerned about governance’ at luxury brand after final bid rejectedMike Ashley’s Frasers Group has criticised the management of Mulberry as it walked away from its attempts to take over the luxury handbag maker after a series of rejected offers.Frasers, which is Mulberry’s second-largest shareholder with a 37% stake, had made several offers for the fashion brand, culminating in a £111m bid this week, all of which ha
  
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• Sausage rolls meet £425 Cristal at Greggs champagne bar in Newcastle

  23-10-2024 17:15
  
  High-street baker pairs high-roller drinks with savoury favourites at Fenwick department store“They really did go well together,” said Erin Rivers after finishing off her Greggs sausage roll paired with Bollinger rosé brut champagne. “The contrast from something very carby to a very crisp drink was really nice.”Rivers, a 22-year-old production assistant, was one of the first people to experience a Greggs champagne bar in the food hall of Newcastle’s historic
  
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• Boxing Day: Usdaw urges more retailers to shut as Poundland confirms closures

  23-10-2024 16:36 via retailgazette.co.uk
  
  Usdaw has urged more retailers to shut up shop on Boxing Day, as Poundland joins John Lewis, Waitrose, and Home Bargains in confirming its closure on 26 December.The discounter will once again close its more than 800 stores on Boxing Day and New Year’s Day to “give colleagues a well-deserved break”.It comes after the trade union has long campaigned for the longest possible break, noting that stores remaining open should “only be staffed by volunteers”.
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• Frasers abandons takeover bid for Mulberry

  23-10-2024 14:58 via retailgazette.co.uk
  
  Frasers Group has confirmed it will no longer pursue a takeover of Mulberry, citing governance concerns after the luxury handbag retailer’s board unanimously rejected its latest offer.
  Frasers, which owns a 37% stake in the luxury retailer, had submitted a revised cash bid earlier this month, offering 150p per share for the remaining shares it does not already own, valuing the business £111m.
  But Mulberry’s board deemed the offer “untenable” and will instead focus o
  
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• Amazon expands same-day delivery to 80 towns and cities as demand booms

  23-10-2024 11:12 via retailgazette.co.uk
  
  Amazon has widened its same-day delivery service to over 80 UK towns and cities, including Aberdeen, Plymouth and Middlesborough.
  It comes after the ecommerce giant said the number of products being ordered for same-day delivery had more than doubled since last year.
  The update follows Amazon’s latest Prime Day sales period, where it said some of its most popular products ordered by members included Amazon Fire TV sticks in Manchester, hydrating serum in Nottingham and ink cartridges in Sw
  
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• Amazon expands same-day delivery to 80 towns and cities

  23-10-2024 11:12 via retailgazette.co.uk
  
  Amazon has widened its same-day delivery service to over 80 UK towns and cities, including Aberdeen, Plymouth and Middlesbrough.
  It comes after the ecommerce giant said the number of products being ordered for same-day delivery had more than doubled since last year.
  The update follows Amazon’s latest Prime Day sales period, where it said some of its most popular products ordered by members included Amazon Fire TV sticks in Manchester, hydrating serum in Nottingham and ink cartridges in Swa
  
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• [ CASE STUDY ] Decathlon ditches paper and sees engagement soar with dynamic digital receipts

  23-10-2024 10:00 via theretailbulletin.com
  
  Imagine this: you walk out of Decathlon, France’s leading sporting goods retailer, with a receipt that’s more than just a list of products. It suggests workout... View Article
  
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• M&S CEO Stuart Machin: Raising taxes is ‘the easy way out’

  23-10-2024 09:52 via retailgazette.co.uk
  
  M&S boss Stuart Machin has accused the government of taking “the easy way out” amid reports Chancellor Rachel Reeves is considering raising the national insurance paid by employers.
  Machin said he hoped chatter of the tax increases were “exaggerations”, adding: “This Government was elected to promote a growth agenda, but what I’ve seen and heard so far doesn’t add up to a coherent growth narrative.”
  In an open letter to The Times, the M&S C
  
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• Tesco launches drive to fill 26,000 festive roles

  23-10-2024 09:33 via theretailbulletin.com
  
  Tesco is looking to hire 26,000 temporary staff members across the UK for the busy Christmas season. Based in the supermarket’s Superstores and Extra stores, the... View Article
  
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• Q&A: Paul Devin of KIKO Milano

  23-10-2024 09:33 via theretailbulletin.com
  
  Here we talk to Paul Devin, country director of the UK and Ireland at KIKO Milano, about the Italian cosmetics brand’s growth strategy and presence in... View Article
  
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• Decathlon ditches paper and sees engagement soar with dynamic digital receipts

  23-10-2024 09:33 via theretailbulletin.com
  
  Imagine this: you walk out of Decathlon, France’s leading sporting goods retailer, with a receipt that’s more than just a list of products. It suggests workout... View Article
  
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• Interview: How Poundland plans to ‘Perk’ up customers with its new loyalty app

  23-10-2024 09:27 via retailgazette.co.uk
  
  Poundland is feeling pretty chipper after its new Perks rewards app became the top free app on the Apple App Store and Google Play in the 24 hours after its launch last week.
  The discount chain became the latest retailer to roll out a loyalty scheme, offering customers up to 100 exclusive member deals, the chance to collect points on their purchases in exchange for vouchers, and earn extra prizes through a ‘spin to win’ wheel.
  The retailer’s director of digital Tom Hill says it
  
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• Fanatics to open first UK standalone store

  23-10-2024 09:05 via retailgazette.co.uk
  
  Fanatics is set to make its bricks and mortar debut with a standalone store on London’s Regent Street.
  The online sports merchandise retailer currently runs shops in stadiums and sports venue on behalf of the partner clubs.
  The opening date of its first standalone location remains unclear, Retail Week reported. Related StoryFanatics scores long-term FA deal as England merch sales surge14/08/2024 x 8:59 AMFanatics first entered the UK in 2016 after it acquired its competitor Kitbag to grow
  
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• Søstrene Grene continues London expansion with new store opening in Uxbridge

  23-10-2024 08:56 via theretailbulletin.com
  
  Søstrene Grene is continuing its London expansion with the opening of a new store at The Chimes in Uxbridge. Set to launch in time for the... View Article
  
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• Shein launches credit card as sales growth slows ahead of IPO

  23-10-2024 08:51 via retailgazette.co.uk
  
  Shein is set to launch its first branded credit card worldwide as it ramps up its international expansion ahead of a possible IPO.
  The fast fashion giant has partnered with Mexican fintech Stori to offer points on its website with every purchase and double points on clothing orders, Reuters reported.
  It comes as Shein’s sales growth is understood to have slowed to 23% in the first half of this year, less than half of the 40% rise last year. Related StoryShein adds more banks as it lines up
  
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• Asda bolsters leadership team with two senior hires

  23-10-2024 08:42 via theretailbulletin.com
  
  Asda has hired two new senior leaders to help drive its growth ambitions in 2025. The supermarket has appointed Lauren Lepley as vice president central operations... View Article
  
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• Chancellor considers ‘Amazon tax’ to boost high street

  23-10-2024 08:31 via retailgazette.co.uk
  
  Chancellor Rachel Reeves is considering imposing higher taxes on the likes of Amazon in a bid to support the UK’s struggling high streets.
  Reeves is thought to be exploring the idea of raising business rates paid by online tech giants in a wider shake-up on property taxes, The Telegraph reported.
  As part of her review, Reeves could scrutinise how much Amazon’s warehouses pay in tax in comparison to retailers on their store estates. Related StoryRetailers urge Rachel Reeves to deliver
  
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• Gear4music returns to revenue growth

  23-10-2024 07:59 via theretailbulletin.com
  
  Gear4music has returned to revenue growth following the launch of its updated growth strategy. The online musical instruments retailer saw its revenue increase by 1% in... View Article
  
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• Major UK retailer selects OMNIA solutions, achieving 50% cost reduction over legacy MPLS

  23-10-2024 07:26 via theretailbulletin.com
  
  SDWAN & SASE Solutions [SDWS] today announced a significant contract win to deploy SDWS’ OMNIA solution – the disruptively innovative combined connection and protection solution. OMNIA... View Article
  
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• AllSaints appoints Liam Price as global ecommerce director

  23-10-2024 07:26 via theretailbulletin.com
  
  Fashion brand AllSaints has appointed Liam Price as its global ecommerce director. He was previously head of digital at FatFace where he worked for nearly four... View Article
  
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• 10 years of the long read: How the sandwich consumed Britain (2017) – podcast

  23-10-2024 06:00
  
  As the Long Read turns 10 we are raiding the archives to bring you a favourite piece from each year since 2014, with new introductions from the authors.This week from 2017: The world-beating British sandwich industry is worth £8bn a year. It transformed the way we eat lunch, then did the same for breakfast – and now it’s coming for dinner. By Sam Knight Continue reading...
  
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• Woolworths and Coles blame suppliers and ‘outbreak of high inflation’ in fake discounts case

  23-10-2024 03:46
  
  Supermarket giants appear in federal court in Melbourne for first time since ACCC launched action over alleged price increases and discount dealsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSupermarket giants Woolworths and Coles have blamed supplier-requested price increases amid a “sudden outbreak of high inflation” in response to allegations by the consumer regulator they deceived customers with fake discounts.Woo
  
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