Retail news

Watch out for the Weirdboyz: Games Workshop on track for FTSE 100

01-12-2024 15:32

UK miniature wargames maker’s shares have risen by 43% since the start of 2024The UK’s blue-chip share index could be about to be invaded by Space Marines, Weirdboyz and Chaos Knights.Games Workshop, the UK maker of miniature wargames, is on track to be promoted to the FTSE 100 when the next quarterly reshuffle is calculated later this week, taking its place among the 100 most valuable companies listed in London. Continue reading...

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Charity Super.Mkt to open more pop-ups amid rising demand for secondhand clothes

01-12-2024 15:11

Shop sites will include London, Edinburgh and Leeds, with young people driving preloved trendThe secondhand clothing pop-up Charity Super.Mkt is set to head to Edinburgh, Leeds, Sheffield and the heart of London’s Canary Wharf financial district as it opens a dozen more stores next year catering to a rise in interest in shopping for preloved items.The initiative, which has brought together 55 local and national charities in the UK, including Age UK, Oxfam, Barnardo’s, Traid and RSPCA

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Topps Tiles major shareholder calls for management to be replaced after ‘costly blunders’

01-12-2024 12:22 via retailgazette.co.uk

Topps Tiles’ major shareholder has called for the board to overhaul its senior management and strategy after what it termed a series of “costly blunders”.
MS Galleon wrote to the tile specialist’s chair Paul Forman last week claiming “complete failure” among management to adapt to the changing retail landscape, The Times reported.
The shareholder, which holds a 29.9% stake, slammed Topps’ acquisition of CTD Tiles as “unequivocally irrational”

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Temu shortens delivery times as it taps UK-based suppliers

01-12-2024 12:08 via retailgazette.co.uk

Temu is tapping UK-based suppliers to sell its products on the shopping app as it ramps up pressure on high street competitors.
Under the ecommerce giant’s “local” initiative, customers can now buy items from UK-based sellers that will arrive in as little as one day, The Times reported.
The “local” products are mostly bulky goods, such as furniture, tents, winter coats and kitchen appliances that would be uneconomical to ship from China. Related StoryTemu faces EU a

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Ex-Harrods director claims Al Fayed used cash bribes to ‘control’ employees

01-12-2024 11:52 via retailgazette.co.uk

Former Harrods director Jon Brilliant has claimed he was handed envelopes of cash by its previous owner Mohamed Al Fayed in an attempt to control him.
Brilliant, who worked in Al Fayed’s private office for 18 months, told the BBC that the former owner would sack those he could not control.
He said he was one of those that Al Fayed had targeted and was handed as much as £39,000 in cash over the course of his employment to try to comprise him.
“He tried to own you. And ultimately

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