Retail news

• From Withnail to with style: Richard E Grant steals show on Burberry catwalk

  24-02-2025 23:52
  
  Actor who found fame in shabby attire creates pop culture moment on last night of London fashion weekThirty-eight years after his film career began in a swaggeringly shabby coat in Withnail and I, Richard E Grant gave us another pop culture moment at the last show of London fashion week, modelling a rather smarter olive tweed number on the Burberry catwalk.A starry line-up at Tate Britain on Monday also included White Lotus’s Jason Isaacs and Lesley Manville (Naomi Campbell was relegated t
  
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• Understanding Circular Economy in Retail

  24-02-2025 17:15 via theretailbulletin.com
  
  The retail industry is approaching a critical juncture. Rising consumer awareness, tighter environmental regulations, and growing pressure to operate sustainably mean retailers need to think again about... View Article
  
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• The Benefits of Social E-Commerce for Retailers

  24-02-2025 17:00 via theretailbulletin.com
  
  The lines that used to separate online shopping and social media are beginning to blur. Instagram, TikTok, and Facebook allow brands to have direct discussions with... View Article
  
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• Starbucks asks office workers to stay at home as it announces 1,100 job cuts

  24-02-2025 16:46
  
  Corporate lay-offs are the first for coffee shop chain since 2018
  
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• New Look: Irish shoppers rush to stores as liquidation sales begin

  24-02-2025 15:21 via retailgazette.co.uk
  
  Hundreds of Irish shoppers queued outside their local New Look stores at the weekend to shop the retailer’s liquidation sale.
  The fashion retailer revealed last week that it would be closing down all 26 of its stores in the Republic of Ireland as it prepared to exit the market.
  The shops, which shut briefly last week to prepare for the clearance sale, reopened on Sunday (23 February) selling stock at 50% to 70% off.
  Videos circulating on TikTok show hundreds of consumers queuing outside st
  
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• In pictures: Lululemon opens its biggest European store on Regent Street

  24-02-2025 10:44 via retailgazette.co.uk
  Lululemon has opened its largest store in Europe, the Middle East, and Africa (EMEA) on London’s Regent Street.
  The 8,923sq ft space is nearly double the size of its previous flagship on the same street and marks a significant milestone in the Canadian activewear brand’s growth.
  The newly designed two-floor store showcases a complete range of Lululemon’s innovative apparel and accessories, catering to both men and women for activities like yoga, running, and training.In ad
  
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• River Island appoints new trading managing director

  24-02-2025 10:41 via retailgazette.co.uk
  
  River Island has named Suzy Slavid as its new trading managing director, following the return of Ben Lewis as CEO.
  Slavid brings over 13 years of experience with the fashion retailer, having worked as a merchandise manager for kidswear and ladieswear from 1999 to 2012.
  She then moved to Boden in 2012, where she served as director of merchandising and marketing before becoming chief trading officer in 2019.
  Most recently, Slavid was CEO of the premium womenswear brand Wyse London – a role s
  
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• Mango Home to open first standalone store this year

  24-02-2025 09:43 via retailgazette.co.uk
  
  Mango is set to open the doors to its first standalone Home store in Barcelona later on this year.
  Set to launch in April, the Spanish fashion retailer’s new homewares shop at 586 Avenida Diagonal will feature nearly 400sq m of retail space.
  The business said the opening represents a significant milestone in Mango Home’s growth strategy.
  Since its debut in 2021, the brand has more than doubled in size and now operates in 34 online markets, primarily across Europe and the US. While la
  
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• DFS names former Holland & Barrett CEO as non-exec

  24-02-2025 09:26 via retailgazette.co.uk
  
  DFS has named former Holland & Barrett CEO Tony Buffin as an independent non-executive director.
  Buffin, who sat in the top seat the health and wellness chain from 2019 to the start of 2021, will join the furniture giant’s board effective immediately.
  He is currently the chair of kitchen specialist Nobia AB and a non-exec of Applied Nutrition. He has also held several senior c-suite executive positions at Travis Perkins and Coles Group. Related StoryDFS sees ‘improved performance
  
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• DFS appoints former Holland & Barrett CEO as non-executive director

  24-02-2025 09:23 via theretailbulletin.com
  
  DFS Furniture has appointed Tony Buffin as a non-executive director. Due to take up his role on 24 February 2025, he will also be appointed as... View Article
  
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• M&S partners with Neighbourly for new surplus food initiative

  24-02-2025 09:06 via retailgazette.co.uk
  
  M&S has become the first retailer to trial Neighbourly’s new surplus food initiative that sees consumers collect food for their own use.
  The Surplus Savers scheme allows individuals to collect donations of unsold food from the platform’s network of supermarkets, stores and cafes for the first time, The Grocer reported.
  The initiative will enable shoppers to collect free surplus food from stores where smaller quantities or collection times are best suited to individuals. Related S
  
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• B&M CEO to step down as retailer cuts profit guidance

  24-02-2025 09:02 via theretailbulletin.com
  
  B&M has announced that Alex Russo is stepping down as group chief executive and as a director of the business as the retailer cuts its profit... View Article
  
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• Mango Home to open first standalone store

  24-02-2025 08:55 via theretailbulletin.com
  
  Spanish fashion retailer Mango has chosen Barcelona as the city for the opening of its first standalone Mango Home store. Set to launch in April, the... View Article
  
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• B&M CEO retires as discounter lowers profit guidance once again

  24-02-2025 08:52 via retailgazette.co.uk
  
  B&M has revealed its chief executive Alex Russo will retire from the company next month as it cuts its profit guidance for the second time this year.
  The discounter said Russo will step down at the end of April after three years in the top spot and that it has begun the search for his replacement.
  In an update to the stock market, B&M said: “The board is in the advanced stages of a recruitment process to appoint a new CEO with the support of a leading executive search firm, and wil
  
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• Eldon Square names new centre director

  24-02-2025 08:45 via theretailbulletin.com
  
  Newcastle’s Eldon Square has appointed Helen Cowie as its new centre director. Born and raised in the North East, Cowie has previously held a range of... View Article
  
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• Shein profits sink in ahead of London IPO

  24-02-2025 08:38 via retailgazette.co.uk
  
  Shein’s profits plunged by more than a third last year in a fresh blow to its highly anticipated flotation on the London Stock Exchange.
  Net profit for the fast fashion giant plummeted by almost 40% to £789m ($1bn) in 2024 following a difficult final quarter and rising competition from rival Temu, The Financial Times reported. Sales are understood to have jumped 19% to £30bn ($38bn).
  The figures are much lower than Shein’s initial projections of £3.8bn ($4.8bn) in n
  
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• Shein profits sink ahead of London IPO

  24-02-2025 08:38 via retailgazette.co.uk
  
  Shein’s profits plunged by more than a third last year in a fresh blow to its highly anticipated flotation on the London Stock Exchange.
  Net profit for the fast fashion giant plummeted by almost 40% to £789m ($1bn) in 2024 following a difficult final quarter and rising competition from rival Temu, The Financial Times reported. Sales are understood to have jumped 19% to £30bn ($38bn).
  The figures are much lower than Shein’s initial projections of £3.8bn ($4.8bn) in n
  
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• Aldi to raise hourly pay for UK store staff

  24-02-2025 08:35 via theretailbulletin.com
  
  Aldi will be awarding its store assistants a better-than-expected pay rise from 1 March. The supermarket will pay all store assistants at least £12.75 an hour... View Article
  
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