Retail news

• LVMH sales fall sharply in warning sign for the luxury industry

  14-04-2025 19:38
  
  Slowing demand in the US and ongoing struggles in China will raise concerns for an industry grappling with Trump’s tariffs
  
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• LVMH sales fall sharply as luxury woes continue

  14-04-2025 18:15
  
  Weakening demand in the US and Japan drags on performance at the owner of Louis Vuitton
  
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• Matchesfashion collapse leaves creditors short as losses soar past £50m

  14-04-2025 17:31 via retailgazette.co.uk
  Matchesfashion’s collapse has left creditors such as Prada, Burberry and Gucci owed a combined £50m, with hundreds of suppliers reportedly losing out.
  The companies are among 956 unsecured creditors to the fashion retailer, The Times reported, which was purchased by Frasers Group in December 2023.
  Frasers went on to put Matches into administration less than three months later.
  Speaking at the time, the retail empire said that Matches had “consistently missed its business plan t
  
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• Morrisons drops seasonal veg to 8p for Easter price campaign

  14-04-2025 16:56 via retailgazette.co.uk
  
  Morrisons has kicked off its Easter savings push by reducing the price of selected British vegetables to just 8p for More Card customers.
  Running from 14 to 20 April, the promotion includes 1kg bags of British carrots, 500g of parsnips, and whole swedes — all priced at 8p each for loyalty card holders.
  In addition, a 2kg bag of ‘The Best’ potatoes is now available at £1.10, less than half its usual price. Related StoryData: UK shoppers set to spend £2.3bn over Easte
  
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• Co-op Wholesale secures major multi-year deal with Roadchef

  14-04-2025 16:52 via retailgazette.co.uk
  
  Co-op’s newly rebranded wholesale division has secured a significant multi-year agreement with UK motorway services operator Roadchef, aimed at accelerating growth and enhancing the on-the-go retail experience.
  The agreement will see the retailer supply eight roadside convenience stores—previously run by Spar—introducing a wide selection of its own-brand products at motorway locations nationwide.
  Welcoming over 52 million customers annually, Roadchef is continuing its mission t
  
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• Morrisons updates loyalty card to enable customers to donate points to Marie Curie

  14-04-2025 16:32 via theretailbulletin.com
  
  Morrisons has announced that its Morrisons More Card holders will be able to donate their loyalty points to Marie Curie from now on. The move to... View Article
  
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• High levels of toxic chemicals found in paper receipts used by US retailers

  14-04-2025 12:00
  
  Holding the receipts for 10 seconds absorbs enough bisphenol S to break California’s safety rule, research findsSign up for the Detox Your Kitchen newsletterPaper receipts from major retailers in the US are so laden with bisphenol S that holding one for 10 seconds can cause the skin to absorb enough of the highly toxic chemical to violate California’s safety threshold, new research has found.The findings are being used as evidence in legal action aimed at pressuring retailers to stop
  
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• In pictures: Inside Pull&Bear’s reimagined Oxford Street flagship

  14-04-2025 10:58 via retailgazette.co.uk
  
  Pull&Bear has unveiled its newly revamped Oxford Street flagship, showcasing a store design that blends technology with an emphasis on customer experience.
  The new 20,000sq ft space represents a shift in the Inditex-owned fashion retailer’s retail approach, with a focus on interactive features and exclusive offerings.
  Pull&Bear said one of the standout features in the store is the new modular and rooms display system, which offers a wide-angle ‘0.5’ view to enhance
  
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• Conversation with… Simon Owers, Chief Financial Officer of American Golf

  14-04-2025 10:22 via theretailbulletin.com
  
  In the latest instalment of our Conversations interview series, we chat with Simon Owers, Chief Financial Officer at American Golf. With over 20 years’ experience in steering financial... View Article
  
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• B&Q opens new store in Altrincham on former Homebase site

  14-04-2025 09:48 via theretailbulletin.com
  
  B&Q has opened a new 41,000 square foot store in Altrincham on one of the eight former Homebase locations it acquired earlier this year. Situated in... View Article
  
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• Mango opens new store at Highcross Leicester

  14-04-2025 09:46 via theretailbulletin.com
  
  Mango has opened its first store in Leicestershire  as part of its ongoing store expansion programme. The fashion brand is the first new retailer to join... View Article
  
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• Intersport appoints new chief executive

  14-04-2025 09:35 via theretailbulletin.com
  
  Intersport Group has appointed Tom Foley as its new chief executive. Due to take up his position on 1 July, he recently held the same role... View Article
  
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• Shein IPO slammed as ‘race to the bottom’ by UK investor groups

  14-04-2025 09:22 via retailgazette.co.uk
  
  The UK’s financial regulator has been accused of a “race to the bottom” after news emerged last week that it had approved Shein’s application for a London IPO.
  A top managers’ trade group, including Aviva Investors, Schroders and M&G, said the float could threaten the UK’s status as a premier listing destination.
  UK Sustainable Investment and Finance Association chief executive James Alexander said investors have “raised concerns repeatedly about bei
  
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• Investors slam FCA over Shein IPO approval

  14-04-2025 09:22 via retailgazette.co.uk
  
  The UK’s financial regulator has been accused of a “race to the bottom” after news emerged last week that it had approved Shein’s application for a London IPO.
  A top managers’ trade group, including Aviva Investors, Schroders and M&G, said the float could threaten the UK’s status as a premier listing destination.
  UK Sustainable Investment and Finance Association chief executive James Alexander said investors have “raised concerns repeatedly about bei
  
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• Hilco closes in on deal for Lakeland

  14-04-2025 09:01 via theretailbulletin.com
  
  Hilco Capital is reportedly getting close to a deal to fund a management buyout of Lakeland, the family owned kitchenware retailer. According To Sky News, the... View Article
  
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• Currys boss warns of Chinese ‘dumping’ following Trump tariffs

  14-04-2025 08:49 via retailgazette.co.uk
  
  Currys boss Alex Baldock has raised concerns about Chinese products flooding the UK and European markets via platforms such as Amazon, Temu and Shein following higher tariffs imposed by US President Donald Trump.
  The chief executive told The Financial Times that there were early signs of “stock being diverted into European markets in a straightforward dumping way”.
  He said: “The single biggest area where lots of stock is likely to land in the UK — at least in my world &md
  
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• Mytheresa gets green light to acquire Yoox Net-A-Porter

  14-04-2025 08:25 via retailgazette.co.uk
  
  Mytheresa has received regulatory approval from the European Commission to acquire Yoox Net-A-Porter.
  The deal, announced back in October, is set to close on April 23 and will see the luxury etailers form a new company called LuxExperience.
  Mytheresa confirmed the news on Friday and unveiled several executive changes for the new entity.
  The luxury platform’s chief executive Michael Kliger will remain as CEO and become managing director for the new group. Related StoryJohn Lewis poaches Net
  
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• Garbage bag giant fined $8.25m for falsely claiming products were recycled sea plastic

  14-04-2025 06:13
  Clorox, the company behind GLAD garbage bags, advertised them as made from 50% recycled plastic from the ocean Election 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastThe company behind GLAD garbage bags has been fined $8.25m for falsely claiming the products were made from recycled ocean plastics.The Australian Competition and Consumer Commission took Clorox Australia to the federal court over the misleading claims made betw
  
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• Garbage bag giant fined $8.25m for falsely claiming products were recycled plastic

  14-04-2025 06:13
  
  Clorox, the company behind GLAD garbage bags, advertised them as made from 50% recycled plastic from the oceanElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastThe company behind GLAD garbage bags has been fined $8.25m for falsely claiming the products were made from recycled ocean plastics.The Australian Competition and Consumer Commission took Clorox Australia to the federal court over the misleading claims made betwe
  
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• UK retail bosses raise fears of Chinese ‘dumping’ due to Trump tariffs

  14-04-2025 06:00
  Companies flag signs of goods being diverted from US to Europe via platforms such as Temu, Shein and Amazon
  
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