Retail news

• Prada buys Versace in €1.25bn deal uniting Italy’s biggest fashion brands

  10-04-2025 21:08
  Prada has secured Versace at a €180m discount amid market turmoil and after months of speculationPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...
  
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• Marks Electrical reports record revenue

  10-04-2025 20:18 via theretailbulletin.com
  
  Marks Electrical has reported that its full year revenue has climbed to a record £117.2 million from £114.3 million a year earlier. In a pre-close trading... View Article
  
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• Prada’s €1.25bn Versace takeover: a new era for Italian luxury

  10-04-2025 19:39
  
  Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhousesPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading..
  
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• How Tesco plans to retain its crown as price wars ramp up

  10-04-2025 16:00 via retailgazette.co.uk
  
  Competition in the grocery sector is heating up as Tesco revealed it was lowering its profit guidance for the year ahead to give it the “firepower” it needs to respond to increased market pressures.
  The supermarket giant shaved as much as £4m off its expectations for the forthcoming year as chief executive Ken Murphy looks to safeguard the grocer’s market share of 28.5% – its highest level since 2016.
  “In the last few months, we have seen a further increa
  
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• Walmart falls back on familiar playbook to combat Trump’s tariffs

  10-04-2025 15:45 via ft.com
  The US’s biggest retailer is trying to convince Wall Street that scale is the key to winning market share amid trade war
  
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• Booths to launch loyalty prices amid ‘fundamental’ rewards revamp

  10-04-2025 15:17 via retailgazette.co.uk
  
  Booths is rolling out loyalty prices as part of a “fundamental” revamp of its Booths reward programme.
  The grocery chain, which reported record sales over Christmas, is launching discounted prices on roughly 300 of its own-label lines in stores, The Grocer reported.
  However, Booths cardholders will also be granted access to a set of more “permanent” discounts and offers, such as its 10% off four bottles of wine and three for £15 meat deals.
  Speaking at the Food and
  
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• Tariffs will not halt supply chain shift to SE Asia, says Uniqlo founder

  10-04-2025 14:02 via ft.com
  Japanese clothing chain expects duties to hit profit at its rapidly expanding North American business
  
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• Very Group seals £598m refinancing deal

  10-04-2025 13:06 via retailgazette.co.uk
  
  The Very Group has secured a major refinancing package worth £598m as it looks to strengthen its balance sheet and extend debt maturities.
  The online retail group confirmed it will issue senior secured notes due in August 2027, while also extending its £150m revolving credit facility until February 2027.
  The money raised from the refinancing, along with some of the group’s existing cash, will be used to pay off £575m of debt that was originally due in August 2026. The new
  
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• Flash sales and charm bracelets: will QVC’s 24-hour TikTok shopping channel entice gen Z?

  10-04-2025 13:00
  
  The 40-year-old shopping network has a brand-new stream on the app – so how does it compare?I’m watching a woman standing in her living room in front of a table stacked with woven faux-leather fanny packs. She’s convincing me to use the next two minutes to score a deal on a bag I definitely do not need. A countdown clock ticks down in the corner screen. It’s a classic QVC scene, but instead of watching TV, I’m on TikTok.For nearly 40 years, the QVC shopping channel
  
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• IRX Birmingham 2025: Where eCommerce Moves Forward

  10-04-2025 12:57 via theretailbulletin.com
  
  In today’s fast-paced retail world, standing still isn’t an option. As consumer expectations shift and innovation accelerates, brands are under growing pressure to stand out, build... View Article
  
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• Tesco to axe further £500m as it braces for tax hikes and deepening price war

  10-04-2025 12:10 via retailgazette.co.uk
  
  Tesco is ramping up its cost-cutting efforts with plans to shave off an additional £500m in spending as it braces for higher taxes and an escalating price war with rivals.According to the Guardian, the grocery giant said today (10 April) that the savings drive will help offset rising operating costs, including a £235m hit from changes to national insurance contributions introduced by Chancellor Rachel Reeves.
  The update came as Tesco posted a dop in annual profits and warned that ear
  
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• Marks Electrical reports record sales amid ‘significant strategic change’

  10-04-2025 11:02 via retailgazette.co.uk
  
  Marks Electrical reported record sales in its annual pre close trading update ahead of its full year results, as it experienced a “period of significant strategic change and progress”.
  The appliance specialist, which saw its profit halve in November, pulled in full-year revenues of £117.2m for the 12 months ended 31 March, up 2.6% year-on-year.
  Additionally, its EBITDA hit approximately £4.2m for the period, as it maintained its group margin in its second half, improved i
  
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• Deliveroo unveils white label delivery service with Tesco’s Whoosh as first partner

  10-04-2025 10:53 via retailgazette.co.uk
  
  Deliveroo has launched a new white label solution, named Deliveroo Express, designed for grocers and retailers in the UK and Ireland, enabling them to offer rapid, on-demand delivery through their own online channels.
  The service marks a major expansion of the delivery giant’s grocery offering, which now accounts for 16% of the company’s gross transaction value (GTV), following strong double-digit growth.
  Tesco has become the first partner to launch Deliveroo Express, as it trials Te
  
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• Tesco warns of lower profits as competition heats up

  10-04-2025 10:08 via theretailbulletin.com
  
  Tesco has warned of lower profits in its current financial year due to intensifying competition in the UK market. The supermarket hailed a strong performance in... View Article
  
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• & Other Stories appoints Jonathan Saunders as chief creative officer

  10-04-2025 10:08 via theretailbulletin.com
  
  & Other Stories, the H&M Group fashion brand, has appointed Jonathan Saunders to the newly created role of chief creative officer. The appointment will be effective... View Article
  
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• [ EVENT ] The Future of Retail – Driving data science innovation through apprenticeships

  10-04-2025 10:08 via theretailbulletin.com
  
  Join this roundtable discussion, to shape the future of government-funded data science training for the retail sector and hear from other sector stakeholders on hot topics... View Article
  
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• Tesco to cut further £500m in costs to help offset Reeves’s tax rises

  10-04-2025 09:45
  
  Supermarket deepens existing measures and forecasts lower profit for year amid price war with rivalsTesco has said it plans to slash a further £500m in costs, as the supermarket chain tries to cushion the blow of Rachel Reeves’s tax increases and invest in fighting a price war with rivals.Britain’s biggest grocery retailer said on Thursday it was deepening an existing drive to cut costs to help offset higher operating costs, as well as the £235m increase in its national i
  
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• Data: UK shoppers set to spend £2.3bn over Easter weekend

  10-04-2025 09:07 via retailgazette.co.uk
  Shoppers in the UK are expected to spend a total of £2.3bn over the Easter weekend, according to new data from GlobalData.
  The report reveals that 40% of consumers plan to “spend more this year” during the holiday period, marking a significant increase in consumer spending.
  On average, UK customers are forecast to spend around £124.75 each this Easter, a £12.35 rise from the previous year. Related StoryData: Shein named fastest growing fashion retailer for 202419/03
  
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• John Lewis targets home market dominance with 30 new brands and key investments

  10-04-2025 09:01 via retailgazette.co.uk
  
  John Lewis is doubling down on its position as a lifestyle leader with a series of strategic investments in its Home brand.
  The retailer is set to launch a new home publication, Foundation, alongside a major spring advertising campaign as part of its commitment to growing its homeware division.
  As part of its efforts, John Lewis is expanding its Home range by introducing 30 new brands, including collaborations with Harlequin x Henry Holland, West Elm, and By Hope, as well as a highly anticipated
  
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• JD Sports meets profit expectations but warns of volatile trading in the year ahead

  10-04-2025 08:43 via theretailbulletin.com
  
  JD Sports has announced that its full year pre-tax profit has been in line with guidance in the range of £915 million to £935 million as... View Article
  
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• Tesco warns of dip in profit as price competition heats up

  10-04-2025 08:40 via ft.com
  UK grocery chain plans to invest in pricing to stay ahead of rivals
  
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• Tesco warns of lower profits as supermarket price war heats up

  10-04-2025 08:37 via retailgazette.co.uk
  
  Tesco has warned that its profits will dip in the year ahead, as the UK’s competitive supermarket price war intensifies, alongside rising UK taxes and increased pressure from price-sensitive customers.
  For the 52-week period ending 22 February, the grocery giant reported a 10.6% rise in group adjusted operating profit to £3.13bn.
  However, the retailer expects adjusted operating profit for 2025/26 to range between £2.7bn and £3.0bn, down from £3.13bn in FY 24/25.
  Des
  
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• Boots sales nudge up amid Walgreens turnaround plan

  10-04-2025 08:14 via retailgazette.co.uk
  
  Boots UK sales nudged up during its second quarter from the year prior, as its parent company Walgreens Boots Alliance also saw revenues increase.
  The health and beauty giant‘s revenues increased 1.6% during the three months to 28 February, with its owners sales jumping 4.1%, pushing it above analyst expectations.
  Retail sales were up 5.1% compared to the same time last year, with growth experienced across all categories.
  Additionally, online revenues jumped 19.5%, marking 20% of Boots&rsq
  
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• Arc’teryx to open first store outside London

  10-04-2025 08:13 via retailgazette.co.uk
  
  Canadian outdoor brand Arc’teryx is expanding its UK retail footprint with a new store in Manchester, marking its first location outside of London.
  The brand has signed for a unit on New Cathedral Street, opposite the Arndale Centre and close to Represent’s flagship, which opened in October 2024.
  The new store is scheduled to open this summer and will become the brand’s fourth UK location, joining existing sites at Covent Garden (its largest store in Europe), Piccadilly, and Ba
  
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• Sunspel joins line-up in Covent Garden

  10-04-2025 07:33 via theretailbulletin.com
  
  Sunspel is to open its eighth London store today in Covent Garden’s Floral Street. The move follows the menswear brand’s launch of a new site in... View Article
  
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• John Lewis rolls out repair service to all stores

  10-04-2025 07:33 via theretailbulletin.com
  
  John Lewis is now offering a repairs and alterations service at all of its shops following a successful five-store trial. From 9 April, customers can drop... View Article
  
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• Ecommerce start-up Meesho taps India’s second cities

  10-04-2025 01:01 via ft.com
  Focus on thrifty populations has put platform on a route to a stock market listing
  
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• Data: Online cart abandonment cost UK retailers £38bn in 2024

  10-04-2025 01:01 via retailgazette.co.uk
  
  Online basket abandonment cost UK retailers billions of pounds in potential online sales last year, according to a new report from Retail Economics and GFS.
  Retailers lost £38bn in 2024, pushing the figure up 11% year-on-year from £34.4bn, with 24% of all purchases abandoned.
  Poor delivery options was a major driver behind the issue, with 66% of frequent online shoppers abandoning purchases at least once per month due to unsatisfactory delivery choices.
  Only 24% of retailers had full
  
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• Data: Cart abandonment cost UK retailers £38bn in 2024

  10-04-2025 01:01 via retailgazette.co.uk
  
  Basket abandonment cost UK retailers billions of pounds in potential online sales last year, according to a new report from Retail Economics and GFS.
  Retailers lost £38bn in 2024, pushing the figure up 11% year-on-year from £34.4bn, with 24% of all purchases abandoned.
  Poor delivery options was a major driver behind the issue, with 66% of frequent online shoppers abandoning purchases at least once per month due to unsatisfactory delivery choices.
  Only 24% of retailers had full confid
  
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