Retail news

• Primark sales in first post-lockdowns fall as shoppers face ‘economic worries’

  23-01-2025 17:06
  Owner ABF says lower income consumers have cut back on spending amid ‘uncertainty and actual unemployment’Business live – latest updatesSales at Primark have fallen for the first time since the pandemic lockdowns, as the company said its low-income shoppers had been hit by economic worries.Associated British Foods (ABF), which owns the fashion retailer, said sales at Primark’s established UK stores fell 6% in the final three months of the year. Continue reading...
  
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• The Range owner relaunches Homebase website

  23-01-2025 16:43 via retailgazette.co.uk
  
  The Range owner CDS Superstores has relaunched Homebase’s website following its acquisition of the brand out of administration last year.
  The retailer said the redesigned site provides “an upgraded online shopping experience for all household and garden requirements”.
  Homebase.co.uk features an enhanced browsing experience, improved functionality and online offers and special promotions, all backed by the DIY chain’s trusted customer service.
  The website stocks a range of
  
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• Primark cuts sales outlook after struggles in UK market

  23-01-2025 15:42
  
  Fashion retailer blames mild autumn weather and ‘cautious’ consumer sentiment
  
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• Woolworths selling downsized’ Brut deodorant for more than double unit cost of old product

  23-01-2025 15:00
  
  Consumer advocates call for more transparency around ‘shrinkflation’ as supermarkets continue to defend against price-gouging allegationsGet our breaking news email, free app or daily news podcastAustralia’s biggest supermarket chain, Woolworths, is selling a significantly smaller stick of Brut deodorant for more than double the unit price of the old product, in an extreme example of “shrinkflation” that leaves shoppers paying more for common household products.Whil
  
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• Sainsbury’s to cut 3,000 jobs and close its cafes

  23-01-2025 14:44 via theretailbulletin.com
  
  Sainsbury’s has said it will be cutting 3,000 jobs as it announced plans to close its cafes and patisserie, hot food and pizza counters. The move... View Article
  
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• Sainsbury’s to cut 3,000 jobs as rising costs hit business

  23-01-2025 13:20
  
  Supermarket chain will lose a fifth of senior management roles and close in-store cafés
  
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• Sainsbury’s to axe over 3,000 jobs and shut cafés as budget tax hikes bite

  23-01-2025 13:07 via retailgazette.co.uk
  
  Sainsbury’s is set to cut 3,000 jobs as part of a drive to simplify its business and address rising costs, including a £140m leap in employer national insurance contributions from April.The supermarket will close its remaining cafés, hot food counters, patisserie, and pizza counters, and reduce senior management roles by an estimated 20%, Reuters reported.
  Sainsbury’s CEO Simon Roberts said: “We are facing into a particularly challenging cost environment which mean
  
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• Sainsbury’s to cut 3,000 jobs as it shuts hot food counters and cafes

  23-01-2025 12:30
  Supermarket chain to cut head office roles by a fifth amid rising labour costsBusiness live – latest updatesSainsbury’s is to cut 3,000 jobs in the UK through the closure of its hot food counters and cafes and by reducing senior management roles by a fifth, amid rising labour costs.Simon Roberts, the chief executive of the supermarket group, said he was making the job cuts as part of its already announced efforts to slash £1bn from costs as the business was “facing into a
  
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• Retail trends 2025 shaping seamless experiences and unified commerce

  23-01-2025 10:50 via theretailbulletin.com
  
  As retailers hit the ground running in 2025, the customer experience remains firmly in the spotlight. The National Retail Federation’s Big Show highlighted a clear trend:... View Article
  
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• Rituals hails record year after sales exceed €2 billion

  23-01-2025 10:48 via theretailbulletin.com
  
  Rituals’ sales is set to open more stores across the world after its annual sales broke through the €2 billion barrier. In the beauty brand’s 2024... View Article
  
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• The Fragrance Shop sales rise amid expansion push

  23-01-2025 10:38 via retailgazette.co.uk
  
  The Fragrance Shop enjoyed record sales in its full year results, as the brand pushed ahead with its expansion strategy.
  Revenues were up 4.6% year on year for the five weeks ended 28 December, supported by strong performances across all of its categories.
  The perfume retailer, which also reported a bumper year boosted by new shop openings last May, saw in-store traffic soar 98.5% compared to an average day over the peak festive season.
  The Fragrance Shop set a record for the world’s large
  
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• Schuh to cut jobs as it restructures UK business

  23-01-2025 10:21 via retailgazette.co.uk
  
  Schuh has started a voluntary redundancy process with its staff as it looks to trim costs across the footwear chain.
  The retailer’s president Colin Temple told The Scotsman that “due to ongoing challenging economic conditions and rising costs, we have made the difficult decision to restructure our business”.
  “We are going through a voluntary redundancy process in some areas of business,” he said. Related StoryRiver Island calls in advisers to tighten grip on costs a
  
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• Primark sales in first post-Covid fall amid mild weather and low consumer confidence

  23-01-2025 09:22
  
  Fashion chain loses market share as rivals M&S and Next increase sales due to online shoppingBusiness live – latest updatesSales at Primark have fallen for the first time since the pandemic forced all shops in the UK to close, as mild weather and low consumer confidence hit sales.Associated British Foods (ABF), which owns the fashion retailer, said sales at Primark’s established stores fell 6% in the final three months of the year. Continue reading...
  
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• What sensory design means for the future of retail

  23-01-2025 09:21 via theretailbulletin.com
  
  Retail has changed a lot over the years. Once upon a time, you could only purchase goods by visiting a store in person, now you can... View Article
  
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• Frasers accuses Boohoo of undisclosed £2m payments to founder’s son

  23-01-2025 09:20 via retailgazette.co.uk
  
  The ongoing battle between Frasers Group and Boohoo Group has taken a turn as Mike Ashley’s group accused the fashion giant of making undisclosed payments to Umar Kamani, the son of Boohoo’s co-founder and executive vice chair, Mahmud Kamani.
  In its most recent open letter to Boohoo shareholders, the Sports Direct owner, which holds a 28.1% stake in Boohoo Group, alleged that Umar Kamani is receiving £2m annually for providing “consultancy services” to Boohoo subsid
  
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• Rituals targets UK expansion after hitting record $2bn sales

  23-01-2025 09:04 via retailgazette.co.uk
  
  Rituals is set to double down on its growth plans after topping €2bn (£1.77bn) in sales for the first time in its 25-year history.
  The Amsterdam-based beauty and wellness brand reported a 21% increase in sales for the 2024 financial year, reaching €2.1bn (£1.77bn), up from €1.7bn (£1.4bn) in 2023.
  The growth is largely driven by strong sales in Europe and a growing presence in Asia, The Times reported.
  As part of its expansion strategy, Rituals plans to open 240
  
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• Primark cuts sales outlook after weaker performance in UK

  23-01-2025 08:52 via theretailbulletin.com
  
  Associated British Foods (ABF) has cut its full year sales forecast for Primark after the fashion retailer posted a decline in sales in the UK in... View Article
  
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• THG Beauty leads the way with ‘standout year’ despite Q4 sales dip

  23-01-2025 08:51 via retailgazette.co.uk
  
  THG has posted declining sales for the fourth quarter of 2024 but said it remains on track to meet full-year expectations following the demerger of its Ingenuity technology platform.
  For the three months to 31 December 2024, the MyProtein owner saw a 2.6% drop in revenue, totalling £552.4m.
  However its full-year performance was in line with market forecasts, with continuing revenue up 1.1% to £1,879.6m on a constant currency basis.
  THG’s Beauty division, home to brands like Loo
  
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• The Fragrance Shop hails strong end to 2024

  23-01-2025 08:40 via theretailbulletin.com
  
  The Fragrance Shop has been celebrating a strong end to 2024, its 30th anniversary year. Sales were up 4.6% year-on-year in the five weeks to 28... View Article
  
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• Revolution Beauty sales plunge in ‘transformational year’

  23-01-2025 08:38 via retailgazette.co.uk
  
  Revolution Beauty has warned of a 25% drop in sales for the financial year ending 28 February 2025, citing softness in digital channels and de-stocking from US retailers in December.
  Despite the challenges, the beauty retailer is predicting a return to growth in FY26 thanks to its ongoing transformation and key strategic initiatives.
  The company called FY25 “a transformational year” as it made significant changes to its portfolio in FY25, discontinuing over 6,000 SKUs—around 75
  
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• Revolution Beauty faces sales drop in FY25 but eyes strong growth ahead

  23-01-2025 08:38 via retailgazette.co.uk
  
  Revolution Beauty has warned of a 25% drop in sales for the financial year ending 28 February 2025, citing softness in digital channels and de-stocking from US retailers in December.
  Despite the challenges, the beauty retailer is predicting a return to growth in FY26 thanks to its ongoing transformation and key strategic initiatives.
  The company called FY25 “a transformational year” as it made significant changes to its portfolio in FY25, discontinuing over 6,000 SKUs—around 75
  
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• Primark cuts sales outlook after UK struggles

  23-01-2025 08:35
  
  Fashion retailer blames weather and ‘cautious’ consumer sentiment
  
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• Primark UK sales dip as cautious shoppers weigh on trading

  23-01-2025 08:25 via retailgazette.co.uk
  
  Primark’s UK and Ireland sales declined by 4% in the 16 weeks to 4 January 2025, as cautious consumer sentiment and unseasonably mild autumn weather dampened trading. Like-for-like sales in the region fell by 6%, with the retailer’s market share dipping slightly to 6.8%.
  This drop in sales in its largest market, which accounts for approximately 45% of the retailer’s revenue, was offset by stronger performances in its growth markets.
  Sales in Spain, Portugal, France, Italy, Cent
  
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• Aldi, Lidl and Ocado join NFU calls for a halt to inheritance tax

  23-01-2025 08:09 via retailgazette.co.uk
  
  Aldi, Lidl and Ocado have backed calls for a pause on inheritance tax reforms to support farmers protesting the government’s proposed inheritance tax reforms.
  Aldi signed a letter from the National Farmers Union (NFU) calling for a halt to the implementation of changes to the inheritance tax impacting family farms.
  A spokesperson for the discount giant said: “British farmers and suppliers are the lifeblood of our business. We are proud of our support for the UK farming community and
  
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• Aldi and Lidl join NFU calls for a halt to inheritance tax

  23-01-2025 08:09 via retailgazette.co.uk
  
  Aldi and Lidl have backed calls for a pause on inheritance tax reforms to support farmers protesting the government’s proposed inheritance tax reforms.
  Aldi signed a letter from the National Farmers Union (NFU) calling for a halt to the implementation of changes to the inheritance tax impacting family farms.
  A spokesperson for the discount giant said: “British farmers and suppliers are the lifeblood of our business. We are proud of our support for the UK farming community and of the
  
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• Alo Yoga unveils new store in London’s Covent Garden

  23-01-2025 08:08 via theretailbulletin.com
  
  The Alo Yoga the luxury activewear brand has opened a new store in Covent Garden’s Seven Dials. Situated in an anchor unit at the junction of... View Article
  
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• Wickes publishes gender and ethnicity pay gap report

  23-01-2025 08:04 via theretailbulletin.com
  
  Wickes has published its latest Gender and Ethnicity Pay Gap Report which highlights the progress the home improvement retailer is making to build gender and ethnicity... View Article
  
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• CMA appoints Doug Gurr as interim chair

  23-01-2025 07:44 via theretailbulletin.com
  
  The Competition and Markets Authority (CMA) has appointed Doug Gurr, the former Amazon UK country manager, as interim chair. The move follows a meeting of the... View Article
  
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