Retail news

• Mohsin Issa to step down as chief executive at UK petrol station chain

  25-04-2025 20:09
  Private equity-backed EG Group continues to explore potential New York listing
  
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• Stockpickers: Shadow of tariffs hangs over defence stocks

  25-04-2025 19:00
  
  European defence spending is rising, but investors need to examine companies’ underlying strengths
  
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• Ethical alternatives to American goods | Brief letters

  25-04-2025 18:26
  
  Trumping consumption | Greenland and Crimea | Running robots | Coffee, beer and newsprint | Extra time in examsPleased to see I’m far from alone in trying to avoid American products (This un-American life: can you really divest yourself of everything from the US?, 19 April). Mostly there are alternatives. There is no need to make your own cleaning products – for example, there are Bio-D and Faith in Nature. I have a Kobo e-reader and a Doro phone. A good source of alternatives is Eth
  
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• New Lakeland owner Hilco mulls bid for Poundland

  25-04-2025 16:53 via retailgazette.co.uk
  
  New Lakeland owner Hilco Capital is among a number of parties circling Poundland.
  The discount chain, which was put up for sale last month, is understood to have caught the eye of the private equity firm and turnaround investor Endless with both parties expected to submit indicative proposals for the business, Sky News reported.
  The pair join Bensons for Beds owner Alteri Investors in the auction of Poundland.
  It is thought that The Original Factory Shop owner Modella Capital could also be among
  
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• Lakeland owner Hilco mulls bid for Poundland

  25-04-2025 16:53 via retailgazette.co.uk
  New Lakeland owner Hilco Capital is among a number of parties circling Poundland.
  The discount chain, which was put up for sale last month, is understood to have caught the eye of the private equity firm and turnaround investor Endless with both parties expected to submit indicative proposals for the business, Sky News reported.
  The pair join Bensons for Beds owner Alteri Investors in the auction of Poundland.
  It is thought that The Original Factory Shop owner Modella Capital could also be among
  
  Read more

• Marks & Spencer pauses online orders as firm struggles with cyber-attack fallout

  25-04-2025 16:36
  Contactless payments now restored in stores after week of problems as retailer apologises to shoppersMarks & Spencer has halted all orders through its website and apps as the retailer continues to battle the fallout from a cyber-attack that began on Monday.The company apologised to shoppers for “this inconvenience” and paused digital orders “as part of our proactive management of a cyber incident”. Continue reading...
  
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• M&S suspends all online orders following cyber attack

  25-04-2025 16:13 via retailgazette.co.uk
  
  M&S has halted all online orders as it struggles to recover from the fallout of a cyber attack earlier this week.
  The retail giant confirmed on Tuesday (22 April) that it was facing a “cyber incident”, which left customers across the UK unable to use contactless payments or click-and-collect services over the Bank holiday weekend.
  The retailer made the decision to take some of its processes offline “to minimise disruption” and pause click-and-collect orders from its w
  
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• Vinterior: meet the boss who quit finance to set up a thriving vintage furniture site

  25-04-2025 16:00
  
  Sandrine Zhang Ferron on how she created her online business, from building the website to signing up 100,000 customersVinterior may not have any showrooms or shops, but the home of the founder and chief executive, Sandrine Zhang Ferron, has plenty of finds from the classy secondhand furnishings site – from quirky vases to a vintage drinks cabinet.Zhang Ferron, who was born in China but grew up in France, readily admits that she created the site for herself, ditching her well-paid job in f
  
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• Naked Wines meets FY25 expectations as turnaround continues

  25-04-2025 11:36 via retailgazette.co.uk
  
  Naked Wines has reported that its FY25 performance remains in line with expectations ahead of its annual results, expected this summer.
  In an update for the year ending 31 March, the retailer said it achieved sales of around £250m, in line with management’s expectations across all markets. Underlying profit, excluding inventory liquidation, is expected to fall within the £4m to £9m range.
  However, due to its actions to speed up releasing capital from inventory, it said it
  
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• Retail sales rise unexpectedly in Great Britain as sunshine lures shoppers

  25-04-2025 10:33
  
  Overall 1.6% rise in sales across first quarter, compared with last quarter of 2024, is strongest rate since July 2021Business live – latest updatesSunny weather fuelled an unexpected increase in retail sales in Great Britain last month, as shoppers flocked to clothing, outdoor and DIY stores.Retail sales volumes rose 0.4% in March, according to the Office for National Statistics (ONS), defying a forecast of a 0.4% fall by City economists and marking the third straight month of sales growt
  
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• Consumer confidence drops in April as inflation fears increase

  25-04-2025 09:23 via theretailbulletin.com
  
  Consumer confidence has dropped in April amid rising household costs and warnings of potentially high inflation. GfK’s long-running Consumer Confidence Index has decreased by four points... View Article
  
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• British retail sales unexpectedly rose 0.4% in March

  25-04-2025 09:13
  Increase before announcement of Trump tariffs was propelled by clothing and outdoor shops
  
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• March retail sales boosted by Sunny weather

  25-04-2025 08:33 via retailgazette.co.uk
  
  Retail sales across the UK rose by 0.4% in March, marking the third consecutive month of growth, according to the latest data from the Office for National Statistics (ONS).
  The uplift was driven by strong demand in non-food stores, with clothing, garden centres, and second-hand goods retailers all reporting increased footfall and spending.
  Retailers credited the boost to warmer, drier weather, which the Met Office said made March 2025 the UK’s third sunniest on record.
  The ONS said this po
  
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• Asda fined £410k for selling out-of-date food

  25-04-2025 08:19 via retailgazette.co.uk
  Asda has been hit with a fine exceeding £400,000 after two of its supermarkets in Cornwall were discovered selling expired food products.
  An inquiry by Cornwall Council’s Trading Standards Team uncovered 58 expired items on display at Asda’s Penryn branch on 30 October 2023, Cornwall Live reported.
  A follow-up inspection at the Hayle store on 1 November 2023 revealed another four products being sold beyond their use-by dates.
  On Wednesday (23 April), the supermarket giant admit
  
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• The Original Factory Shop launches survival plan with hundreds of jobs put at risk

  25-04-2025 08:00 via theretailbulletin.com
  
  Nearly 1,000 jobs could be at risk at The Original Factory Shop as its new owner pursues a survival plan for the business. According to Sky... View Article
  
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• Screwfix updates Sprint service for faster delivery

  25-04-2025 07:58 via theretailbulletin.com
  
  Screwfix has updated its Sprint service to enable it to get products to customers in as little as 20 minutes. Available exclusively on the Screwfix App,... View Article
  
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