Retail news

• Youth experience in Britain on a charity worker visa | Brief letters

  30-04-2025 18:47
  Charity volunteers | The magic of kitchen objects | Bread on the table | Vegan amore divino | M&S cyber-attackThere is already a form of youth experience programme (EU may accept 12-month work visas for ‘youth experience’ scheme with UK, 25 April), not only for EU citizens but for any nationality to come to the UK. It’s the non-renewable one-year charity worker visa. Many charities, including religious communities such as mine in Dorchester, value the enthusiasm and interna
  
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• Starbucks shares slide as investors question cost of turnaround plan

  30-04-2025 17:43 via ft.com
  
  Coffeehouse chain to raise spending on baristas as it emphasises labour over gadgets to bring customers back
  
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• IKEA to open new Oxford Street store tomorrow

  30-04-2025 16:16 via theretailbulletin.com
  
  IKEA is to open its highly anticipated store on London’s Oxford Street tomorrow. Spanning three floors of the Oxford Circus site, the new space will aim to... View Article
  
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• IKEA to open new Oxford Street store on 1 May

  30-04-2025 16:16 via theretailbulletin.com
  IKEA is to open its highly anticipated store on London’s Oxford Street on 1 May. Spanning three floors of the Oxford Circus site, the new space... View Article
  
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• Co-op hit by cyberattack

  30-04-2025 13:46 via retailgazette.co.uk
  
  Co-op has become the latest retailer to be hit by a cyber attack.
  Some of the convenience store chain’s back-office systems and call centre services were breached over the weekend, Retail Gazette has learnt.
  It is understood that the business lost access to all its virtual desktops but there has been no data breaches.
  The retailer said the challenges were still ongoing but assured that there was no impact to any of its stores or funeral homes.
  Co-op said it had taken a range of measures to
  
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• Topshop to launch one day London pop-up next month to kickstart high street return

  30-04-2025 13:36 via retailgazette.co.uk
  
  Topshop is stepping back into physical retail with a one-day-only pop-up event next month in Shoreditch, ahead of a wider high street return teased for this summer.
  The event, created in collaboration with house music label Defected Records, will take place on Saturday 10 May at Defected’s basement space on Curtain Road, Shoreditch.
  The exclusive “Topshop & Topman In The House” pop-up will offer early access to the brand’s new Talamanca collection – inspired by
  
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• Co-op forced to shut down part of IT system after hack attempt

  30-04-2025 12:41
  Exclusive: In a letter seen by the Guardian, staff were told steps had been taken to keep systems safeM&S cyber-attack: products run short in some storesThe Co-op has been forced to shut down parts of its IT system after discovering an attempted hack only days after Marks & Spencer faced a serious cyber-incident.In a letter to staff sent on Tuesday and seen by the Guardian, the mutual said it had “taken steps to keep systems safe” so had “pre-emptively withdrawn access
  
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• Data: Aldi and Lidl win market share over Easter

  30-04-2025 12:39 via retailgazette.co.uk
  
  Aldi and Lidl both gained market share over the Easter bank holiday, despite it traditionally being a time when the larger supermarkets make the biggest gains, new data shows.
  Aldi’s market share was up 0.2 percentage points to 10.5% over the 12 weeks to 19 April, while Lidl saw its market share rise by 0.4 percentage points to 7.7%, according to data by NIQ.
  Both discounters saw a jump in sales, up 7% and 11.2%, respectively.
  Tesco’s market share rose to 26% as sales surged 6.7%, wh
  
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• Startup Secrets: Adopting agile data strategies for success in retail

  30-04-2025 11:56 via theretailbulletin.com
  
  Stefan Kühn VP Data & AI air up: With soaring costs, heightened competition and ever-increasing customer expectations combining to make retail an increasingly competitive market to... View Article
  
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• Marks & Spencer cyber-attack: products run short in some stores

  30-04-2025 11:54
  Retailer takes some of its systems temporarily offline ‘as part of proactive management of incident’Co-op forced to shut down part of IT system after hack attemptMarks & Spencer has admitted that some products are running short in its stores as it continues to deal with the fallout from a massive cyber-attack.The retailer said there were “pockets of limited availability” in some shops, as more than a week of disruption to its IT systems affects its stores. Continue re
  
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• [ Case Study ] Otto International : Enhancing supply chain efficiency with TradeBeyond

  30-04-2025 11:47 via theretailbulletin.com
  
  With an annual buying volume exceeding €1 billion, Otto International has been a leading sourcing services provider for nearly 60 years. With a presence in over... View Article
  
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• Day in the Life… Faye Ryder-Humphries

  30-04-2025 10:48 via theretailbulletin.com
  
  In this latest Day in the Life interview, we speak with Faye Ryder-Humphries, head of people at Wingstop UK, who is leading the expansion of the... View Article
  
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• Boots expands menopause range

  30-04-2025 10:20 via theretailbulletin.com
  
  Boots is expanding its menopause range as it looks to make new products, services and expertise more accessible. As part of the initiative, 35 new menopause... View Article
  
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• THG boosted by rise in beauty sales

  30-04-2025 10:11 via theretailbulletin.com
  
  THG, the owner of brands such as Look Fantastic and ESPA, has posted a fall in revenue for 2024 after a year of major restructuring. In... View Article
  
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• Deliveroo and Ann Summers tie up in virtual storefront push

  30-04-2025 10:01 via retailgazette.co.uk
  
  Deliveroo has unveiled a new virtual store format for retail partners, with Maplin Electronics and Ann Summers announced as the first brands to launch dedicated storefronts on the platform.
  The new visual storefronts, now live in London and Cambridge, will sit within the Deliveroo app and allow brands to offer more personalised, branded shopping journeys.
  The rapid delivery giant said products themselves will be fulfilled and delivered through Deliveroo’s rapid grocery and retail network,
  
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• First look: Inside Ikea’s highly anticipated Oxford Street store

  30-04-2025 09:19 via retailgazette.co.uk
  
  Ikea is opening the doors to its long-awaited Oxford Street flagship this week, 18 months after initially scheduled.
  The Swedish furniture giant has spent the last three years transforming the 5,800sqm space that was once home to Topshop into a mecca for home decor lovers.
  The inner city store – a relatively new concept for the retailer – is housed inside the Grade II-listed building at 214 Oxford Street and spans across three floors.
  Ikea UK chief executive Peter Jelkeby says the gr
  
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• B&M appoints interim CEO as search for Russo successor continues

  30-04-2025 09:12 via retailgazette.co.uk
  
  B&M has appointed group chief financial officer Mike Schmidt as interim chief executive, effective immediately.
  It comes as previous boss Alex Russo, who joined the discount chain in 2020, retired today (30 April) after three years leading the business.
  B&M said: “The board continues to make good progress on CEO succession and will update the market as soon as the recruitment process has concluded.
  “In the intervening period, the board has appointed Mike Schmidt to act as int
  
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• Beales launches ‘Rachel Reeves closing down sale’ as it shutters final store

  30-04-2025 08:46 via retailgazette.co.uk
  
  Beales is holding a ‘Rachel Reeves closing down sale’ as it winds down the business after more than 140 years.
  The department store chain, which first opened in Bournemouth in 1881, is closing its remaining shop in Poole’s Dolphin Centre at the end of May.
  Chief executive Tony Brown told The Telegraph that the increases to employers’ National Insurance contributions and minimum wage announced in Labour’s first fiscal Budget last year meant the business had
  
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• Burberry kicks off search for new chair

  30-04-2025 08:29 via retailgazette.co.uk
  
  Burberry has kicked off the recruitment process to hire a new chair.
  The luxury fashion brand is working with headhunters to find a successor to Gerry Murphy, who has chaired the company since 2017, Sky News reported.
  It is understood that Murphy, who also chairs Tesco, will not step down this year but exact timings have yet to be confirmed. Related StoryBurberry ecommerce boss exits05/03/2025 x 9:08 AMThe news follows reports last summer that Burberry was looking for a non-executive director to
  
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• Gymshark puts almost 300 jobs at risk amid restructure

  30-04-2025 08:15 via retailgazette.co.uk
  
  Gymshark has placed almost 300 jobs at risk as part of a business-wide restructure.
  The gymwear specialist has entered a consultation with 296 employees – almost a third of its workforce, Retail Week reported.
  It blamed “intense macroeconomic volatility” on the restructure, which it said was essential to “weather the storm” and drive growth.
  Gymshark said it will “at the same time” create 168 new roles to “help drive future growth”.
  It c
  
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• How Tesla, Mercedes and a mattress maker turned tariffs into a sales pitch

  30-04-2025 06:01 via ft.com
  New advertising campaigns urge shoppers to buy now, before the president’s levies raise prices
  
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• Adidas maintains full year guidance despite strong first quarter

  30-04-2025 02:15 via theretailbulletin.com
  Adidas has maintained its full year guidance following a strong performance in its first quarter. However, the sportswear giant has warned that the prices of its... View Article
  
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• UK Ikea boss backs calls to pedestrianise Oxford Street as flagship store opens

  30-04-2025 01:01
  New outlet due to welcome shoppers on Thursday regarded as key to helping revive famous London thoroughfareThe UK boss of Ikea has backed calls to pedestrianise Oxford Street as the world’s largest furniture retailer finally opens its delayed store in London’s prime shopping destination.The Swedish company’s three-floor shop in the building that used to be Topshop’s former flagship store, with a mix of meatballs, lampshades and kitchen design assistance, opens on Thursday
  
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• Ikea aims to lure city dwellers with store on London’s Oxford Street

  30-04-2025 01:01 via ft.com
  Swedish furniture retailer wants to expand beyond giant out-of-town warehouses
  
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