Retail news

• Barbour posts profit increase despite revenue decline

  02-01-2025 16:44 via theretailbulletin.com
  
  Heritage outerwear brand Barbour has reported a significant increase in profits for the year ending 30 April 2024, despite facing a decline in turnover and revenue.... View Article
  
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• Tarsem Dhaliwal, CEO of Iceland Foods, awarded OBE in New Year’s Honours List

  02-01-2025 16:38 via theretailbulletin.com
  
  Tarsem Dhaliwal, the Chief Executive Officer of Iceland Foods, has been awarded an Officer of the Order of the British Empire (OBE) in the 2024 New... View Article
  
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• ‘Left to rot’: Glasgow’s crumbling heritage comes into focus for 850th anniversary

  02-01-2025 15:00
  
  Pressure grows to do something about city centre’s decaying buildings and empty shops in ‘year of urgency’“Glasgow city centre seems to be dying,” says Anne Gibb, perched on a stone bollard on Sauchiehall Street, watching the Christmas shoppers hustle by. Ahead of her, the human stream parted around yet another segment of the precinct that had been fenced off as contractors dug up paving.“At one time you could have spent hours here,” says Gibb, casting a
  
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• Brompton profits plunge more than 99% amid bike industry turmoil

  02-01-2025 14:54
  
  Cycle maker’s boss says discounting after Covid boom means ‘sad state of affairs’ in global market likely to go onThe boss of Brompton Bicycle has predicted that 2025 will be another year of turmoil for the bike industry after profits at the British folding bicycle maker dived by more than 99% amid a wave of discounting by rivals.Profits fell from £10.7m to £4,602 in the year to the end of March 2024 – less than the cost of Brompton’s top-of-the-range T
  
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• Barbour profits rise 15% despite ‘relentless’ financial pressures

  02-01-2025 13:15 via retailgazette.co.uk
  Barbour has seen operating profits rise 15% for the year to 30 April 2024, reaching £39.5m, up from £34.3m the previous year.
  Despite a 6% drop in turnover, which fell to £322m from £343m, the British fashion retailer managed to boost its profits thanks to effective cost-saving measures and favourable foreign exchange rates amid what it described as “relentless” cost and pricing pressures.
  The company attributed the decline in turnover to a “challen
  
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• Ocado expands health and wellness offering through Holland & Barrett partnership

  02-01-2025 12:26 via theretailbulletin.com
  
  Ocado Retail is expanding its health and wellness offering through a new partnership with Holland & Barrett. The move will see the online grocer add hundreds... View Article
  
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• Revolution Beauty settles legal claim with disgruntled former shareholder

  02-01-2025 11:28 via retailgazette.co.uk
  
  Revolution Beauty has agreed a settlement with disgruntled former major shareholder Chrysalis Investments over allegations made by the make-up firm’s former shareholder last year.
  The beauty retailer has agreed to pay Chrysalis a “non-material sum”, which is less than 1% of Chrysalis’s stock market value, according to the investor, though the amount was not disclosed.
  Revolution said the “confidential” settlement was reached without any admission of liability
  
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• Ocado expands health ranges with Holland & Barrett tie-up

  02-01-2025 10:58 via retailgazette.co.uk
  
  Ocado has partnered with Holland & Barrett to sell a selection of the health and wellness retailer’s products on its website.
  The online supermarket is listing more than 300 of the specialist’s products over the coming weeks for customers to purchase vitamins, supplements, sports nutrition alongside their groceries.
  Ocado said the new range is designed to cater to a wide variety of health shopping missions and means that shoppers “can find everything they need to achieve th
  
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• Lidl enjoys record £1bn UK sales in run-up to Christmas

  02-01-2025 10:44
  
  Discount grocer records 7% increase in four weeks leading up to Christmas EveLidl made more than £1bn in sales in the run-up to Christmas for the first time in the three decades the discount grocer has been operating in the UK as cash-strapped shoppers cut costs.The German-owned discounter, which is close to overtaking Morrisons to become the UK’s fifth biggest supermarket chain, said it made more than £1bn in sales in the four weeks leading up to Christmas Eve. Continue readin
  
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• Over 17,000 stores to close in 2025 as business rates rise

  02-01-2025 10:14 via retailgazette.co.uk
  
  More than 17,000 stores are set to close this year as retailers face higher costs following Labour’s first fiscal Budget.
  The Centre for Retail Research warned “worse is yet to come” after it reported that 13,479 stores closed their doors for the final time in 2024, a 28% increase on 2023, The Telegraph reported.
  It forecasts that store closures will rise 30% rise to 17,350 over the next 12 months.
  Of the closures, around 14,660 are expected to be independent retailers –
  
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• Data: Retail footfall sees December surge despite post-festive uncertainty

  02-01-2025 10:04 via retailgazette.co.uk
  
  Footfall across UK retail destinations rose by 7.1% in December compared to November, marking the largest month-on-month increase since 2019, according to fresh data.
  This uptick was driven by a boost in shopping centre traffic, which surged 13.2%, retail parks with a 5.7% increase, and high streets which saw a 4.8% rise in the five weeks to 28 December, MRI Software said.
  The strong performance comes as shoppers flocked to stores for last-minute Christmas shopping, taking advantage of festive e
  
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• Lidl hails record festive trading

  02-01-2025 09:19 via theretailbulletin.com
  
  Lidl GB has delivered its most successful festive trading period to date with its turnover exceeding £1 billion for the first time in the four weeks... View Article
  
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• Lidl enjoys ‘most successful Christmas yet’ with record £1bn turnover

  02-01-2025 09:08 via retailgazette.co.uk
  
  Lidl UK has reported a 7% increase in sales over the four-week period leading up to Christmas, driven by strong demand for holiday essentials like turkey and pigs in blankets.
  The surge in festive shopping pushed the retailer’s turnover to a record high, exceeding £1bn ($1.25bn) for the first time in its 30-year history in the UK, Reuters reported.
  It increased its British supply base by 20% this holiday season, which saw it sell over 16 million British pigs in blankets, while its Br
  
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• Lidl Christmas sales jump 7% thanks to festive staples

  02-01-2025 09:08 via retailgazette.co.uk
  
  Lidl UK has reported a 7% increase in sales over the four-week period leading up to Christmas, driven by strong demand for holiday essentials like turkey and pigs in blankets.
  The surge in festive shopping pushed the retailer’s turnover to a record high, exceeding £1bn ($1.25bn) for the first time in its 30-year history in the UK, Reuters reported.
  The German discounter – Britain’s sixth biggest supermarket chain, was the fastest growing bricks-and-mortar grocer in t
  
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• Asda slashes prices on 2,500 essentials to kickstart January

  02-01-2025 08:47 via retailgazette.co.uk
  
  Asda has kicked off the new year by cutting prices on more than 2,500 household essentials, offering an average discount of 26% both in-store and online.
  The grocer’s initiative, part of its “Big Jan Price Drop,” includes well-known brands such as Cathedral City Mature Cheddar, Dolmio Bolognese Sauce, and Persil Wonder Wash, alongside reductions on Asda own-brand items like whole chicken and salmon fillets.
  The move is designed to help customers manage tighter budgets followin
  
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• Morrisons launches new online on-demand pharmacy service

  02-01-2025 08:36 via retailgazette.co.uk
  
  Morrisons has launched an online private prescription service enabling shoppers to order medication for a range of different health and lifestyle requirements.
  Introduced in partnership with online pharmacy Phlo and accessed via the supermarket’s website, the Morrisons Clinic service requires customers to complete an online questionnaire that will be used to assess their suitability for their chosen medication.
  If approved by Phlo’s healthcare professionals, the prescription wil
  
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• Co-op eyes growth with 75 new store openings in 2025

  02-01-2025 08:31 via retailgazette.co.uk
  
  Co-op is set to open 75 new stores this year as it eyes convenience growth.
  These will include up to 25 new Co-op operated stores with the first stores launching in early 2025 at The Anchorage in Salford Quays and East Benton in Newcastle-upon-Tyne.
  It comes comes as part of wider plans to open 120 new Co-ops over the next four years.
  Alongside its traditional grocery offering, the stores will include added services including parcel collection and returns, as well as payment services. They will
  
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• M&S Food launches campaign for new health and wellness ranges

  02-01-2025 08:04 via theretailbulletin.com
  
  M&S Food has launched a campaign to promote two new health and wellness ranges. Running from 2 January, the campaign for Brain Food and YAY! Mushrooms will... View Article
  
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• Alibaba sells stake in Chinese hypermarket operator at steep discount

  02-01-2025 07:46
  
  Sun Art deal is ecommerce group’s second major divestment of bricks-and-mortar assets in less than a month
  
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• Morrisons expands Price Match with Aldi and Lidl

  02-01-2025 07:15 via theretailbulletin.com
  
  Morrisons has started the New Year by expanding its Price Match with Aldi and Lidl to include over 500 everyday essentials and best-selling products. Available  both... View Article
  
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• Co-op to accelerate convenience growth with 75 new stores in 2025

  02-01-2025 07:08 via theretailbulletin.com
  
  Co-op is accelerating its convenience growth with plans to open 75 new stores across the UK this year. These will include up to 25 new Co-op... View Article
  
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• Morrisons launches online on-demand pharmacy service

  02-01-2025 06:47 via theretailbulletin.com
  
  Morrisons has launched an online private prescription service where customers can order medication for a range of different health and lifestyle requirements. Introduced in partnership with... View Article
  
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• Watch: M&S kickstarts 2025 with new health campaign

  02-01-2025 01:01 via retailgazette.co.uk
  
  M&S Food has unveiled its latest campaign celebrating the launch of its health and wellness ranges, Brain Food and Yay! Mushrooms.
  It will run across TV, VOD, press, digital audio, pr, paid and organic digital and social, as well as in-store and CRM for the next month.
  The 30 second TV ad spotlights the Brain Ball, the hero line from the new 13-piece Brain Food range which has been developed in partnership with the British Nutrition Foundation.
  Through the voice of British actor and comedian
  
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• UK lost 37 shops a day in 2024, data suggests

  02-01-2025 01:01
  
  Almost 13,500 retail stores closed, a rise of 28% on previous year,according to Centre for Retail ResearchThe UK lost about 37 shops a day during 2024 in yet another brutal year for the high street, data suggests.Almost 13,500 retail stores closed for good in the last 12 months, a rise of 28% on 2023 – although the losses were below the levels seen each year between 2019 and 2022, according to provisional figures compiled by the Centre for Retail Research. Continue reading...
  
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