Retail news

• UK footwear chain Shoe Zone blames Budget for shop closures

  18-12-2024 19:36
  
  Shares plunge 40 per cent after retailer halves profit forecast and suspends dividend
  
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• Karen Millen unveils new premium jewellery collection with Simon Harrison

  18-12-2024 17:37 via theretailbulletin.com
  
  Karen Millen has announced an exciting new jewellery licensing partnership with Simon Harrison, a renowned name in the fashion jewellery industry. This collaboration marks the launch... View Article
  
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• MandM Raises £3m for Teenage Cancer Trust

  18-12-2024 17:28 via theretailbulletin.com
  
  MandM, the UK’s leading online off-price retailer, is proud to celebrate its remarkable 20-year partnership with Teenage Cancer Trust. Since 2005, MandM has provided unwavering support... View Article
  
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• Dear Santa, please bring back the plastic lids on yoghurt pots | Adrian Chiles

  18-12-2024 14:54
  
  Gone are the pleasures of licking the foil cover on yoghurts and soft cheese. Plus no one consulted me about this dismal change to my home routinesAll I want for Christmas is the return of yoghurt pot lids. And not just for me, for everyone. In this season of goodwill, I want everyone to get a share of the joy. The lids disappeared very suddenly, without so much as a goodbye. It didn’t seem right. And it wasn’t just yoghurt pots, either. Creams, buttermilk, cottage cheese, you name i
  
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• Shoe Zone blames tax rises in budget for decision to close some stores

  18-12-2024 12:49
  
  Retailer hit by ‘challenging trading conditions’ and says wage and NIC changes made a number of shops ‘unviable’The low-cost footwear retailer Shoe Zone has blamed extra costs resulting from changes to wages and national insurance contributions (NICs) in October’s budget and weakening consumer confidence for its decision to close stores.Shoe Zone said it had experienced “very challenging trading conditions” between the start of October and the middle of
  
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• The ultimate Muji experience – across seven floors

  18-12-2024 12:00
  
  In Ginza, the Japanese brand distils its vision in a ‘retail theme park’
  
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• Garden Trading ends 30th year on a high

  18-12-2024 11:50 via theretailbulletin.com
  
  Garden Trading is ending its 30th year on a high with sales up 25% compared to 2023. The home and garden retailer’s sales climbed by 77%... View Article
  
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• Zizzi and Ask Italian owner says growth will come from its cheaper brands

  18-12-2024 11:00
  
  Azzurri predicts that popularity of burrito and chicken chains with bargain-hungry diners will eventually generate half of profits
  
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• Kingfisher offloads Romanian business

  18-12-2024 10:37 via theretailbulletin.com
  
  Kingfisher has announced the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70 million. The sale includes the company’s... View Article
  
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• UK inflation climbs to highest level since March

  18-12-2024 10:30 via retailgazette.co.uk
  
  UK inflation has risen to its highest level since March, fuelled by a rise increase in petrol and clothes prices last month, according to the latest figures.
  The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.6% in November, from 2.3% the previous month – the second rise in two months.
  The rate of CPI inflation for food and non-alcoholic drinks, alcohol and tobacco, clothing and footwear all edged higher in November.
  ONS chief economist Grant Fit
  
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• Digital transformation in retail: How Web3 and blockchain are reshaping customer experience

  18-12-2024 09:58 via theretailbulletin.com
  
  As retailers navigate the evolving digital landscape, blockchain technology and Web3 innovations are revolutionizing traditional business models. From cryptocurrency payments to NFT-based loyalty programs, discover how... View Article
  
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• Shoe Zone lowers profit expectation as Budget bites

  18-12-2024 09:32 via retailgazette.co.uk
  
  Shoe Zone has reported a reduction in its predicted profit for its financial year, ahead of its annual results in January.
  The footwear specialist said it now expected it pre-tax profit for the year ended 27 September 2025 to be no less than £5m, down from previous expectations of £10m.
  Shoe Zone said it had experienced “very challenging trading conditions” during the first two months of its financial year and the first half of December, particularly a weakening of consum
  
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• Landsec snaps up Liverpool One shopping centre in £490m deal

  18-12-2024 09:24 via retailgazette.co.uk
  
  Land Securities has snapped up Liverpool One shopping centre in a £490m deal, as the real estate firm continues to invest in bricks-and-mortar retail.
  The property group acquired a 92% stake in the shopping complex, after recently designating the best part of £600m to spend on snapping up more assets, despite the majority of landlords having avoided buying large malls in recent years.
  Landsec CEO Mark Allan said: “The top 1 per cent of the UK’s shopping destinations provi
  
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• Shoe Zone warns on profit as it plans store closures

  18-12-2024 09:07 via theretailbulletin.com
  
  Shoe Zone has announced that it has seen a decrease in revenue and profit in the first two months of its financial year due to “very... View Article
  
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• Jollyes introduces enhanced people support and hiring measures

  18-12-2024 09:05 via theretailbulletin.com
  
  Jollyes has introduced a range of new and improved people support measures for its team members. From next month, the pet retailer’s employees will be entitled... View Article
  
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• Miniso opens first UK airport store

  18-12-2024 08:57 via theretailbulletin.com
  
  Miniso is to hold a grand opening for its first-ever UK airport store this week. The retailer will be celebrating the launch of its Miniso-Go store... View Article
  
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• Søstrene Grene invests in European logistics hub to support UK expansion

  18-12-2024 08:50 via theretailbulletin.com
  
  Søstrene Grene is to open a new 45,000 square metre distribution centre in Venlo in the Netherlands as it looks to improve delivery efficiency for its... View Article
  
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• Morrisons cuts price of festive vegetables to 10p

  18-12-2024 08:48 via theretailbulletin.com
  
  Morrisons is cutting the price of festive vegetables to 10p to make it cheaper for customers to tuck into a full Christmas dinner this year. The... View Article
  
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• Retail’s Divergent Growth in 2025 – Tech Keeps Boosting Retail

  18-12-2024 08:34 via theretailbulletin.com
  
  While predicting the future is always uncertain, trend forecasting in sectors like retail is more systematic, driven by customer behavior, tech advancements, and societal changes. The... View Article
  
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• The Entertainer CEO: Tesco partnership could ‘double our business’

  18-12-2024 08:30 via retailgazette.co.uk
  
  The Entertainer’s partnership with Tesco could “double our business” one day, the retailer’s chief executive Andrew Murphy has said.
  Speaking to Retail Gazette, he said the roll out of its toy shops to 861 of the supermarket’s stores across the UK and Ireland had added “about 50% to 60%” on top of its existing business.
  However, he believes it has the potential to “ultimately double our business”. Related StoryInterview: How The Entertainer C
  
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• Interview: How The Entertainer CEO is aiming for infinity and beyond

  18-12-2024 08:30 via retailgazette.co.uk
  
  The Entertainer boss Andrew Murphy is feeling “pretty good” in the run up to Christmas this year, despite the recent storms playing havoc on shoppers coming into stores to snap up toys.
  “We had a good Black Friday, but with two weeks left to run it’s all to play for and we could do without these storms turning up every Saturday, because that’s definitely not helping.”He says the business is “coming from a position of strength” during the all import
  
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