Retail news

• Harvey Norman: The Australian retail giant vying to shake up the UK

  18-11-2024 16:56 via retailgazette.co.uk
  
  Harvey Norman made its English debut last month in the unlikely location of Merry Hill Shopping Centre in Dudley.
  The Australian electricals and homewares retailer, which has over 300 stores worldwide, has had a lengthy period testing the waters in Northern Ireland for the last 15 years.
  While the rural suburbs of Dudley may seem like an unusual launchpad for the retailer, which generated £4.6bn (AUS$8.86bn) in global sales last year, to make its English debut, there is method in the madne
  
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• Asos CEO enjoys bumper pay rise despite mounting losses

  18-11-2024 16:38 via retailgazette.co.uk
  Asos boss José Antonio Ramos Calamonte enjoyed a 43% pay bump this year, despite the fashion retailer’s losses widening to near £380m.
  The chief executive was paid £1.17m for the year to 1 September, up from his £814,858 pay packet in 2023, the fashion retailer’s annual report shows.
  Calamonte took home an annual salary of £716,436 and £376,801 in bonus payments, including an annual bonus of £361,585.
  He received £15,216 from the onlin
  
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• Shopping around for the best deal on groceries is good advice for most Australians – except if you live in the bush | Gabrielle Chan

  18-11-2024 15:00
  It’s a 100km round trip to the nearest major supermarket chain. Should I budget in extra fuel to shop the specials, or just stick to my local IGA?Sign up for the Rural Network email newsletterHere is my weekly conundrum. There is only one supermarket in my town of 2,000 people. We really need that supermarket and it happens to be an IGA. But the prices can be cheaper in bigger towns at least 45 minutes away.What does the conscientious local citizen do in a cost-of-living crisis?Sign up to
  
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• Morrisons slashes debt by £2.4bn following restructuring

  18-11-2024 13:56 via retailgazette.co.uk
  
  Morrisons has completed a major debt restructuring, including the repayment of an additional £200m, bringing its total debt reduction to £2.4bn since its acquisition by Clayton, Dubilier & Rice.
  The supermarket giant confirmed it has now reduced its debt by nearly 40%, from £6.2bn to £3.8bn.
  The restructuring included extending its Term Loan Facilities from 2027 to 2030 and reducing both the cost of the debt and the overall debt level. The retailer has also extended i
  
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• Asos accused of rewarding ‘spectacular failure’ as CEO gets £300k rise amid losses

  18-11-2024 13:22
  
  Retailer’s share price has crashed amid post-Covid high street recovery and competition from Shein and othersBusiness live – latest updatesAsos has been accused of rewarding its chief executive for “spectacular failure” after giving him a £300,000 pay rise even as the online fast-fashion retailer cut jobs and recorded widening losses.José Antonio Ramos Calamonte’s total pay rose from £814,000 to £1.17m in 2024, a 44% increase, according to i
  
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• In pictures: Dune reopens Westfield White City flagship

  18-11-2024 11:25 via retailgazette.co.uk
  
  Dune London has reopened the doors to its newly renovated White City Westfield store, which it said would offer customers “an enhanced and engaging shopping experience”.
  The 101 sq m store will house the London-based footwear retailer’s women’s, accessories and men’s collections, and is fitted with its new flagship store concept inspired by its logo, designed in-house by the brand’s creative and store development teams.
  The brand currently has 8 London stores
  
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• Sephora aims to ramp up UK openings

  18-11-2024 09:58 via theretailbulletin.com
  
  The chief executive of Sephora has said he wants to ramp up its business in the UK in the next two to three years as it... View Article
  
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• Asda rolls out neonatal care policy for staff

  18-11-2024 09:57 via theretailbulletin.com
  
  Asda has launched a new neonatal care leave policy as it looks to provide its staff with additional leave and pay if their baby is born... View Article
  
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• Arket to launch first store in Norway

  18-11-2024 09:56 via theretailbulletin.com
  
  Arket is to open its first store in Norway in 2025 as it continues its international expansion. The flagship shop in Oslo will offer the fashion... View Article
  
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• AllSaints pushes ahead with global expansion with new London store

  18-11-2024 09:47 via retailgazette.co.uk
  
  AllSaints is set to open a set of new stores across the UK, US, Europe and Asia as it steams ahead with its global expansion plans.
  In London, the fashion retailer, which recently hired Fatface digital director Liam Price as its new ecommerce boss, is opening a new store on Brompton Road, London on 22 November, in time for the peak Christmas trading season.
  It also recently opened a new location in Liverpool One, featuring its latest collections, sewing machines and LED AllSaints signage.
  Meanwh
  
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• Asda and Amazon launch ‘hassle-free’ parcel collect and return service

  18-11-2024 09:45 via retailgazette.co.uk
  
  Asda and Amazon have launched a new parcel pick-up and label-free, box-free return service at over 700 of the supermarket’s stores.
  Eligible Amazon orders will now be able to be collected at most of the supermarket’s stores across the UK, with more locations set to be added across the coming months.
  The tie-up is designed to make shopping at the grocery giant more convenient for customers, who will be able to do their weekly shopping alongside collecting and returning their parc
  
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• Shein targets early 2025 for London IPO

  18-11-2024 09:31 via retailgazette.co.uk
  
  Shein is targeting early 2025 for its float on the London Stock Exchange.
  The fast fashion giant is preparing to launch its IPO during the first quarter of next year, subject to pending regulatory approvals, The Times reported.
  Insiders with knowledge on the topic said the company was gearing up to launch an official investor roadshow during the coming weeks, where meetings would be held between institutional investors and the fast fashion giant.
  The brand is thought to be working with Morgan St
  
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• Sephora to open 20 UK stores as it ramps up expansion

  18-11-2024 09:29 via retailgazette.co.uk
  
  Sephora is planning to open 20 UK stores as the makeup retailer ramps up its bricks-and-mortar expansion.
  CEO Guillaume Motte insisted he wanted to double the size of the company in Britain by launching new shops as well as expanding its online channel, The Times reported.
  Speaking to the newspaper, he said: “We’re probably looking in the next two to three years to have at least 20 stores in the UK.”
  The executive said he was confident the brand would prove successful in the UK
  
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• Just for Pets teams up with Just Eat for on demand delivery

  18-11-2024 08:29 via theretailbulletin.com
  
  Just for Pets has teamed up with Just Eat to enable customers to order products for on demand delivery in 30 minutes or less. The partnership... View Article
  
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• AllSaints continues global expansion with new store openings and New York pop-up

  18-11-2024 08:10 via theretailbulletin.com
  
  The AllSaints fashion brand is continuing its global expansion with the launch of new stores in the UK, US, Europe and Asia. This has included the... View Article
  
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• Lidl increases investment into British food by 40% to £21 billion

  18-11-2024 07:40 via theretailbulletin.com
  
  Lidl has announced that it is on track to invest a total of £21 billion in the British food industry by the end of 2024. This means... View Article
  
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• Black Friday turning into Black Fraud Day, says UK cybersecurity chief

  18-11-2024 07:00
  
  Criminals using AI to trick shoppers as data shows more than £11.5m lost to fraud during festive period last yearBlack Friday is fast becoming Black Fraud Day with the discount period now “prime time” for scammers, according to Britain’s cybersecurity chief, who said criminals were using artificial intelligence to trick shoppers.With online criminals taking advantage of an eagerness to save money amid the cost of living crisis, last Christmas people in the UK were scammed
  
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• UK minister promises to force companies to end subscription traps

  18-11-2024 06:00
  
  Legislation will be drafted to ensure consumers find it easy to exit unwanted signups and to get a refundCompanies are to be forced to make it “simple and straightforward” for consumers to cancel unwanted subscriptions or get their money back under new rules to stamp out the so-called subscription traps that are costing Britons £1.6bn a year.Justin Madders, the minister for employment rights, competition and markets at the Department for Business and Trade, told the Guardian: &
  
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• ‘It’s overpriced tat’: Christmas markets divide opinion across the UK

  18-11-2024 06:00
  
  Residents and businesses complain about busy crowds, loss of trade, repetitive stalls and extortionate pricesThe Halloween cobwebs had barely been brushed off the shop windows of Birmingham city centre when the German-style Christmas market, one of the largest in the UK, opened on 1 November.Stretching over 500 yards down the city’s main shopping street and spilling out into the main square, for just over seven weeks dozens of stalls will sell bratwurst sausages, sweet treats, trinkets and
  
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