Retail news

• Shares of SoftBank-backed Symbotic plunge after accounting errors

  27-11-2024 19:32 via ft.com
  
  Warehouse automation developer that counts Walmart and Target as customers delays release of annual report
  
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• Signature Brew X Tate Modern launch new collaboration beer ‘Ready Made’

  27-11-2024 17:14 via theretailbulletin.com
  
  Signature Brew, the award-winning London brewery known for its music-inspired collaborations, has launched a new limited-edition beer in partnership with Tate Modern. This collaboration demonstrates how... View Article
  
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• [Interview] Natalie Mudd, Co-Founder & Creative Director at Knot & Grain

  27-11-2024 16:50 via theretailbulletin.com
  
  Can you tell us a bit about your background and what inspired you to co-found Knot & Grain? I grew up in Nottinghamshire and went on... View Article
  
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• Retail vs. Ecommerce: Key Differences

  27-11-2024 14:52 via theretailbulletin.com
  
  Understanding the differences between retail and ecommerce is more than a classroom exercise—it becomes a strategic lever in helping retailers stay competitive, meet customer needs, and... View Article
  
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• Pets at Home boss refuses to rule out job cuts and price rises

  27-11-2024 14:05 via retailgazette.co.uk
  
  Pets at Home boss Lyssa McGowan has not ruled out job cuts and prices rises ahead of the upcoming tax rises.
  The chief executive told Retail Gazette that the pet specialist will “mitigate what we can” but warned it will have to “look at our overall cost structures” to cover the bill.
  Pets At Home estimated the increase in employers’ National Insurance Contributions and National Living wage will cost the business an additional £18m each year. Related StoryPets
  
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• Pets at Home boss has no current plans for job cuts or price rises

  27-11-2024 14:05 via retailgazette.co.uk
  
  Pets at Home boss Lyssa McGowan has not ruled out job cuts and prices rises ahead of the upcoming tax rises.
  The chief executive told Retail Gazette that the pet specialist will “mitigate what we can” but warned it will have to “look at our overall cost structures” to cover the bill.
  Pets At Home estimated the increase in employers’ National Insurance Contributions and National Living wage will cost the business an additional £18m each year. Related StoryPets
  
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• Celebrating innovation and accomplishment: Another outstanding year for the Princess Royal Training Awards!

  27-11-2024 13:53 via theretailbulletin.com
  
  This November, the prestigious Princess Royal Training Awards celebrated 52 organisations who achieved exceptional organisational benefits through their commitment to staff training and development. These Awards,... View Article
  
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• Very losses deepen as first quarter sales fall in ‘challenging’ environment

  27-11-2024 13:34 via retailgazette.co.uk
  
  Very Group pre-tax losses widened as first quarter sales for the ecommerce giant slipped 5%.
  The retailer reported its loss before tax had swelled to £22.9m in the 13 weeks to 28 September, up from the £5.8m the year before.
  It came as group sales for the quarter fell 5% to £450.2m, with revenue for its flagship Very UK brand sliding 3.8% to £392.1m and Littlewoods down 14.4% to £45m. Related StoryN Brown approached by Very Group ahead of family buyout18/10/2024 x 1
  
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• Supermarket loyalty cards give genuine savings, says watchdog

  27-11-2024 13:18
  Competition and Markets Authority finds 92% of loyalty-price items are real deals, but urges people to shop aroundShoppers signed up to supermarket loyalty schemes can make “genuine savings”, the competition watchdog has found, but it urged consumers to shop around to secure the cheapest prices.The Competition and Markets Authority (CMA) said it had reviewed 50,000 products with loyalty price options and found 92% offered a saving against the supermarkets’ usual price. Continue
  
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• Fanatics Collectibles to open first UK pop-up store

  27-11-2024 12:55 via theretailbulletin.com
  
  Fanatics Collectibles is to launch its first UK pop-up store at London’s Westfield White City shopping centre. Due to launch on 2 December, the  experiential space... View Article
  
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• Secret Sales acquires H&M’s Afound

  27-11-2024 11:55 via theretailbulletin.com
  
  Secret Sales has acquired H&M Group’s digital fashion outlet, Afound. The marketplace for off-price retail in fashion, sportswear and beauty said the move will solidify its... View Article
  
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• John Lewis ‘worried’ about minimum wage increase

  27-11-2024 11:17 via retailgazette.co.uk
  
  John Lewis has admitted it is “worried” about the impact of higher employment costs ahead of the national minimum wage rise next year.
  The retailer’s head of distribution John Munnelly said the increase in labour costs were weighing on the business’s turnaround.
  He told The Telegraph that he was concerned by the upcoming changes to National Minimum Wage as the company employs around 85,500 workers. Related StoryJohn Lewis boss slams Budget as ‘two-handed grab’
  
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• [ ON DEMAND ] How To Unlock Store Potential Using Location-based Data

  27-11-2024 10:52 via theretailbulletin.com
  
  As shopping behaviours continue to evolve, the significance of data and new technologies in the retail sector has never been greater. These advancements provide unparalleled opportunities... View Article
  
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• Watch: All of retail’s Christmas 2024 ads, from John Lewis to Waitrose

  27-11-2024 10:35 via retailgazette.co.uk
  
  As the festive season fast approaches, most major retailers have released their Christmas adverts for 2024.
  With celeb guests ranging from Dawn French and Nigella Lawson to beloved Roald Dahl character the BFG and Kevin the Carrot, there’s truly something for everyone in this year’s Christmas campaigns.
  Retail Gazette takes a look at the Christmas adverts released so far. Let us know your favourite in the comments section.
  John Lewis
  In its highly anticipated festive advert for 2024,
  
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• Pets at Home posts increase in first half revenue despite subdued market

  27-11-2024 09:35 via theretailbulletin.com
  
  Pets at Home has posted a 1.9% increase in group revenue to £789.1 million in the first half of its financial year. In the 28 weeks... View Article
  
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• Supermarket loyalty schemes do offer ‘genuine’ savings, CMA confirms

  27-11-2024 09:02 via retailgazette.co.uk
  
  Supermarket loyalty schemes do offer real savings, Britain’s competition watchdog confirmed on Wednesday (27 November).
  Loyalty programmes have become highly popular across the UK’s largest supermarket chains, including Tesco and Sainsbury’s, providing significant discounts for cash-strapped members amid the cost-of-living crisis.
  The vast majority of customers now use them and an increasing number of products are covered by them.
  The Competition and Markets Authority (CMA), wh
  
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• JD Sports completes acquisition of Courir

  27-11-2024 08:37 via theretailbulletin.com
  
  JD Sports has completed its acquisition of Courir following receipt of conditional clearance from the European Commission. The retailer announced back in May that it was... View Article
  
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• JD Sports acquires French sneaker leader Courir to boost European expansion

  27-11-2024 08:32 via retailgazette.co.uk
  
  JD Sports has completed the acquisition of French sneaker retailer Courir in a €520m (£433m) deal, following European Commission approval as the group continues to expand its presence in Europe.
  The sportswear giant said “Courir is a market leader in sneakers in France”, which is Europe’s largest sneaker market.
  It said the move “reinforces our position within Europe” as Courir operates 323 stores across France, Spain, Belgium, the Netherlands, Portu
  
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• As inflation eases, are customers really changing how they grocery shop?

  27-11-2024 08:30 via retailgazette.co.uk
  
  Supermarket bosses are betting on a good Christmas this year as shoppers start to feel the benefits of easing inflation on discretionary spending.
  Consumers have been trading up throughout the year, with Sainsbury’s boss Simon Roberts mentioning that nearly two out of three of its big shops now include products from its premium own-brand Taste the Difference range.
  Recent data from Kantar also showed that premium own-label sales have increased by nearly 16% year-on-year, while value own-la
  
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• Pets at Home cuts profit expectations amid ‘subdued market’ conditions

  27-11-2024 08:20 via retailgazette.co.uk
  
  Pets at Home has seen total group revenue rise by 1.9% to £789.1m in its first-half results for FY25, despite operating in a “subdued” retail market.
  The pet specialist said its Vet Group remained a standout performer, with revenue growth of 18.6%, driven by a combination of increased subscriptions, higher average transaction values, and more frequent visits.
  Meanwhile, the retail division posted a modest 0.1% growth in revenue, with like-for-like (LFL) sales remaining flat.
  Th
  
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• Joseph appoints Mario Arena as creative director

  27-11-2024 08:18 via theretailbulletin.com
  
  The Joseph luxury fashion brand has appointed Mario Arena as its new creative director. With 30 years’ experience of designing and developing luxury collections, Arena was... View Article
  
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• Frasers Group faces FTSE 100 demotion as shares fall amid boohoo boardroom battle

  27-11-2024 08:07 via retailgazette.co.uk
  
  Frasers Group is facing a demotion from the FTSE 100 as shares continue to slide amid its ongoing feud with Boohoo Group.
  Shares in the retail giant have plunged more than 10% in the past three months giving it a market cap of £3.3bn, and is expected to drop down into the FTSE 250 next week, according to the quarterly announcement of provisional changes to the index.
  The Sports Direct owner returned to the London Stock Exchange’s blue-chip gauge in 2022 following a six-year absence.
  
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• Leadership changes at Michael Kors

  27-11-2024 07:28 via theretailbulletin.com
  
  Luxury group Capri Holdings has announced a series of leadership changes at Michael Kors as the fashion brand works to return to growth. John Idol, chairman... View Article
  
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• UK sales of seasonal pet treats, toys and food rocketing

  27-11-2024 06:00
  
  Sales of Christmas pet lines up 964% year-on-year at Waitrose online as people spend more on pet careUnlike buying a present for a fussy father-in-law or an awkward aunt, a dog won’t complain if their treats aren’t the latest, and a cat is not likely to turn its nose up at a Christmas tree-shaped scratch tree.Perhaps that’s why Britons are so happy to spend on their pets this Christmas, with sales of seasonal pet treats, toys and food booming. Continue reading...
  
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