Retail news

• Ripe for a turnaround: Mulberry and Burberry chart a new course

  22-11-2024 22:00
  
  UK luxury stalwarts each embarking on turnarounds under new bosses
  
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• In pictures: H&M unveils new store concept at Westfield Stratford City

  22-11-2024 17:41 via retailgazette.co.uk
  
  H&M has unveiled its newly refurbished digitally-led Westfield Stratford City store in London.
  The fashion retailer said the 5046sqm space had received “extensive renovation” and was the “first-of-its-kind” in the UK to feature its “new and innovative concept”.
  The store marks “a significant step in the evolution of its store portfolio” and offers improved omni-channel services and a curated selection of womenswear, menswear, kid’s fashio
  
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• UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – as it happened

  22-11-2024 17:06
  
  Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?
  The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...
  
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• UK business activity shrinks for first time in a year as confidence in Labour falls

  22-11-2024 16:03
  Many companies report worsening conditions following rise in employers’ national insurance contributions
  
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• Sainsbury’s shoppers warned to watch out for Nectar points scam

  22-11-2024 15:00
  Fraudsters target customers who have built up a high points balance ahead of Christmas
  
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• Which is the best retail Christmas ad of 2024?

  22-11-2024 14:49 via retailgazette.co.uk
  
  This year’s cohort of Christmas adverts have officially landed on our screens, with festive campaigns featuring the likes of Dawn French, Bridgerton star Adjoa Andoh and Roald Dahl’s the BFG.
  Some retailers sought to capture viewers this winter with heartwarming campaigns, while others enlisted much-loved characters for a festive mission.
  Retail Gazette speaks to advertising experts to find out which businesses succeeded and what is retail’s best Christmas advert of 2024.
  Meet
  
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• UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – business live

  22-11-2024 13:58
  
  Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?
  The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...
  
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• Milan’s Via Monte Napoleone becomes world’s most expensive shopping street

  22-11-2024 13:22
  
  Rental growth and euro’s strength against dollar help a European street to top of list for first time in 34 yearsIf the names Fendi, Dior and Valentino were rubbed from the shop fronts, Milan’s Via Monte Napoleone could pass for a slightly fancier than average street in the northern Italian style capital, with the typical jostle of vans and Vespas alongside Porsches, tourists and residents.But the 350 metre-long street has just been named the world’s most expensive shopping str
  
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• UK private sector contracting as firms give ‘thumbs down’ to the budget, hitting pound – business live

  22-11-2024 12:29
  Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?
  The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...
  
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• Sealskinz opens first permanent store

  22-11-2024 12:22 via theretailbulletin.com
  
  Sealskinz has opened its first-ever permanent store on Hinde Street in London’s Marylebone Village. The move follows the outdoor and premium apparel brand’s launch of a... View Article
  
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• Wilko returns to London with new Uxbridge store

  22-11-2024 12:08 via retailgazette.co.uk
  
  Wilko has opened the doors to new west London Uxbridge store as it returns to the capital.
  The 30,000 sq ft store inside The Pavilions Shopping Centre covers two floors and stocks the discount chain’s products across cleaning and laundry, decorating and DIY, home and garden, and pet care.
  Shoppers can also access Wilko’s full online range of over 100,000 products via self-service terminals in store, with options for home delivery or click and collect in as little as one hour. Related
  
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• Budget blamed for first contraction in private sector for a year

  22-11-2024 11:42
  
  Fall in activity in November pinned on chancellor’s tax rises as official figures also show drop in October retail salesBusiness live- latest updatesLabour’s first budget in 14 years has been given the “thumbs down” by private sector businesses as it was blamed for the end to a 12-month run of expansion and a fall in retail sales.Many businesses said the first fall in business activity in November since the same month last year was a result of tax rises announced by Rache
  
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• British retail sales slide amid budget uncertainty and wait for Black Friday

  22-11-2024 11:42
  
  Sales volume in Great Britain fell for first time in three months, down 0.7% in October as people delayed spending• Business live- latest updatesRetail sales in Great Britain fell for the first time in three months in October, as uncertainty surrounding Labour first budget in 14 years and the lure of Black Friday bargains delayed consumer spending.Reporting on the first month of the “golden quarter” for retailers ahead of the Christmas rush, the Office for National Statistics (O
  
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• Retail sales dip in October as Budget uncertainty hits spending

  22-11-2024 10:01 via retailgazette.co.uk
  
  UK retail sales dropped in October following three months of growth, according to the Office for National Statistics (ONS).
  Uncertainty around the budget and unseasonably warm weather meant consumers spent less than expected last month, the official figures showed.
  Sales were down 0.7% for the month, after nudging up 0.1% in September while non-food store revenues dropped to 1.4% for the period, despite rising 2.3% the month prior.
  Following the downward trend, sales at clothing stores were down
  
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• Retail sales slide in Great Britain amid pre-budget uncertainty

  22-11-2024 09:52
  Sales volume was down 0.7% in October, the first fall in three months, as consumers reined in spending on clothes• Business liveRetail sales in Great Britain fell for the first time in three months in October, as consumers held back on spending before the first Labour budget in 14 years.The Office for National Statistics (ONS) said sales fell by 0.7% month on month in October – and revised down the growth figure for September from 0.3% to just 0.1%. Clothing stores in particular bore
  
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• DFS sees improved trading as it names interim CFO

  22-11-2024 09:27 via retailgazette.co.uk
  
  DFS has said that its strong trading performance from the previous financial year has continued into the new period.
  The furniture retailer, which reported stronger trading in the final quarter of FY24, with year-on-year growth in order intake, has seen the positive trend persist.
  In an update ahead of its annual general meeting today (22 November), DFS confirmed that order intake has remained in growth over the first 20 weeks of its current financial year, in line with expectations.The business
  
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• Consumer confidence improves ahead of Black Friday

  22-11-2024 09:09 via theretailbulletin.com
  
  There has been an uptick in consumer confidence in November as people put any concerns about the impact of last month’s budget announcement behind them. GfK’s... View Article
  
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• DFS reports improved trading as it appoints interim chief financial officer

  22-11-2024 09:07 via theretailbulletin.com
  
  DFS has announced that its improved trading performance has continued into its new financial year. The furniture retailer had previously reported better trading in the final... View Article
  
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• Currys makes tech upgrades and store improvements ahead of peak trading period

  22-11-2024 09:05 via theretailbulletin.com
  
  Currys is introducing a range of improvements in its UK and Ireland stores ahead of its busiest time of year. These include switching from paper product... View Article
  
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• Government urged to help struggling households with rising energy bills; budget uncertainty hits retail sales – business live

  22-11-2024 08:51
  
  Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?
  The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...
  
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• Consumer confidence spikes as shoppers prepare for Black Friday spending

  22-11-2024 08:50 via retailgazette.co.uk
  
  Consumer confidence spiked across the UK in November, as concerns over the budget cooled off.
  Household confidence was up three points to -18, market research firm GfK found, as shoppers prepared to make big purchases ahead of Christmas and Black Friday.
  All five sub-sectors of the household survey increased between 30 October and 15 November, with the highest optimism found in shoppers’ intentions to make large purchases before Christmas and the Black Friday sales.
  The rise comes after un
  
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• Moonpig to launch new TV adverts to showcase personalisation options

  22-11-2024 08:05 via theretailbulletin.com
  
  Moonpig is to launch a new set of TV adverts in the run-up to Christmas. Debuting on 25 November, the first advert will feature a festive... View Article
  
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• 8 fashion retailers on store opening sprees

  22-11-2024 08:00 via retailgazette.co.uk
  
  AllSaints this week revealed plans to open a host of new stores across the UK, US, Europe, and Asia as it steams ahead with its global expansion plans.
  Today, the fashion retailer, will open a new store on Brompton Road, London in time for the peak Christmas trading season.
  It also recently opened stores in Liverpool One, Outletcity Metzingen, Germany, and its first Chinese outlet store in Shanghai Village.
  But AllSaints is not alone. There are other fashion retailers on the expansion trail. Ret
  
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• Saint + Sofia chooses Covent Garden for first physical store

  22-11-2024 07:45 via theretailbulletin.com
  
  The Saint + Sofia contemporary womenswear brand has chosen London’s Covent Garden for the opening of its first physical store. The 1,600 square foot flagship at... View Article
  
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• Chisholm Hunter opens first store in Essex at Lakeside

  22-11-2024 07:42 via theretailbulletin.com
  
  Jeweller Chisholm Hunter has opened its first store in Essex as it continues to expand its UK footprint. Spanning 7,000 square feet, the boutique style store... View Article
  
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