Retail news

• Co-op ties £400m credit facility to sustainability and diversity goals

  02-12-2024 15:55 via theretailbulletin.com
  
  The Co-op has announced a five-year extension to its £400 million sustainability-linked revolving credit facility, a move that ties the cost of borrowing to ambitious environmental,... View Article
  
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• Sainsbury’s unveils magical mince pie windows to spread festive cheer and fight food poverty

  02-12-2024 15:47 via theretailbulletin.com
  
  From today, four major UK cities will host Sainsbury’s ‘Magical Mince Pie Windows’, marking the launch of their December mince pie donation campaign for Comic Relief.... View Article
  
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• thortful launches “No Crap Presents Please” Christmas Cards

  02-12-2024 15:39 via theretailbulletin.com
  
  Research reveals Brits are ready to ditch unwanted gifts in favour of meaningful gestures. One of the UK’s leading online marketplaces for greeting cards, thortul, has... View Article
  
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• Boohoo repays £50m loan after Kamanis’ investment boost

  02-12-2024 11:01 via retailgazette.co.uk
  
  Boohoo Group has repaid £50m of its £97m term loan under a refinancing effort to become a “leaner and lighter” business.
  In a statement to the stock market this morning, group CEO Dan Finley said: “Following the conclusion of the recently announced oversubscribed placing we are today pleased to announce the repayment of £50m of our term loan.
  “The repayment will be made with funds raised from the placing and through the group’s initiative to r
  
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• Asda’s looming debt bill sparks fresh refinancing fears

  02-12-2024 09:32 via retailgazette.co.uk
  
  Asda is at risk of being forced to refinance its multi-billion pound debt pile ahead of a steep repayment owed to former owner Walmart.
  The supermarket’s looming £900m bill due by 2028 could threaten the chain’s entire capital structure, according to credit rating agency Fitch.
  Fitch said Asda may need to refinance in order to repay the debt, which consists of £500m for Walmart’s remaining stake and £400m in interest.
  The grocer, whose debt sits around £
  
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• Mothercare swings to half year loss

  02-12-2024 09:25 via theretailbulletin.com
  
  Mothercare has swung to a loss in the first half of its financial year following continued uncertainty in conditions in its Middle East markets. In the... View Article
  
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• Mothercare swings to loss as sales fall

  02-12-2024 09:05 via retailgazette.co.uk
  
  Mothercare has swung to a half-year loss after sales plunged more than a quarter.
  The nursery specialist fell to a pre-tax loss of £1.4m in the 26 weeks to 28 September, down from a profit of £1.8m the year before.
  Sales dropped 27% to £21m over the period as worldwide retail revenue from Mothercare’s franchise partners decreased 12% to £121.2m.
  It attributed the drop to “a combination of the continuing uncertainty in the Middle East and the ongoing need for f
  
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• Morrisons introduces loyalty card points on every product

  02-12-2024 08:46 via retailgazette.co.uk
  
  Morrisons is offering five More Card points on every single product it sells in store, online and on Amazon as part of its loyalty scheme revamp.
  The supermarket will also continue to offer More points on selected items, including up to 50 points when they buy any of the grocer’s The Best line throughout December.
  Consumers previously were only able to collect More points on selected products and could redeem £5 off vouchers when they reached 5000 points. Related StoryMorrisons shift
  
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• Topps Tiles major shareholder calls for management overhaul after ‘costly blunders’

  02-12-2024 08:00 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’s managing director Piotr Lipko 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
  
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• Stores and food & beverage to play starring roles in 2025

  02-12-2024 07:26 via theretailbulletin.com
  
  Despite the ongoing challenges in the retail sector there are positive predictions for 2025 particularly for physical stores with food and leisure looking set to play... View Article
  
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• H&M opens first store in the Dominican Republic

  02-12-2024 07:17 via theretailbulletin.com
  
  Fashion retailer H&M is continuing its international expansion with the opening of its first store in the Dominican Republic. The shop is situated in Ágora Mall... View Article
  
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• Morrisons to give customers loyalty points on every product purchased

  02-12-2024 06:38 via theretailbulletin.com
  
  Morrisons has begun offering loyalty card holders five  points on every product they purchase in its supermarkets and convenience stores, as well as online and Morrisons... View Article
  
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• Retail footfall down 4.5% in four weeks to 23 November

  02-12-2024 06:37 via theretailbulletin.com
  
  Footfall in UK retail destinations declined by 4.5% year-on-year in the four weeks to 23 November due to the combined effect of a challenging trading environment,... View Article
  
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• Iconic Newcastle music store set to go into liquidation

  02-12-2024 06:36 via theretailbulletin.com
  
  A store in Newcastle that was a ‘cornerstone of the region’s musical heritage’ for over a century is set go into liquidation JG Windows, the musical... View Article
  
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