Retail news

• Carvana’s profitable new look is more than just a paint job

  08-05-2025 18:15 via ft.com
  
  Under-the-hood tinkering has helped online used-car platform to slash marketing costs and focus on profitability
  
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• John Lewis opens Jamie Oliver cookery school and cafe

  08-05-2025 17:59 via retailgazette.co.uk
  
  John Lewis has opened its Jamie Oliver cookery school and cafe at its Oxford Street flagship.
  The store’s new additions, which span over 4,600sq ft on the third floor, includes two cookery school classrooms and a 50-seat Jamie Oliver cafe.
  The opening comes in response to increasing demand from customers to combine shopping with eating and drinking, with hospitality sales at the department store up 6% over the last year.
  The retailer reported that one in five transactions made in one of it
  
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• Mothercare profits slump amid uncertainty over Middle East

  08-05-2025 17:33 via retailgazette.co.uk
  
  Mothercare reported its profits had plummeted in its latest pre-close update, which it attributed to the “continued impact of the uncertainty in the Middle East” upon its franchise partner.
  The nursery specialist adjusted EBITDA for the period covering 52 weeks to 29 March came in at £3.5m, falling from £6.9m compared to the same time last year.
  Retail sales via its franchise partners plunged 18% to £231m.
  Mothercare explained that its Middle East franchise par
  
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• Tesco CEO bags £9.2m pay packet

  08-05-2025 17:23 via retailgazette.co.uk
  
  Tesco chief executive Ken Murphy took home more than £9m last year after the grocery giant’s pre-tax profits topped £2.2bn.
  The supermarket boss was paid £9.23m during the period, down £1m from the year before due to lower slightly lower bonus levels and performance share plan (PSP).
  Murphy received an annual salary of £1.65m, an annual bonus of £2.88m and £4.79m from his performance share plan (PSP).
  The PSP payment is based off the grocer&rs
  
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• How Deliveroo ended up in DoorDash’s basket

  08-05-2025 17:04 via retailgazette.co.uk
  
  Deliveroo has caught the eye of its US rival DoorDash, with the delivery giant submitting a £2.9bn takeover bid.
  The 180p-per-share offer was recommended by shareholders earlier this week and will see co-founder and chief executive Will Shu in line for a £172m payout if the deal goes ahead. Deliveroo staff are also set to receive a near £66m windfall.
  While the offer represents a 44% premium on its share price as of 4 April when it first tabled an offer, it’s just over a
  
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• From snail slime to salmon sperm: the K-beauty boom hits UK high streets

  08-05-2025 16:19
  
  South Korean skincare retailers want to capitalise on viral sales of beauty ranges by opening stores across the UKKorean beauty products are moving from phone screens to UK high streets as social media drives sales of skincare with the help of eye-catching ingredients such as snail slime and salmon sperm.Retailers are looking to capitalise on the TikTok and Instagram trend for skincare and makeup ranges from South Korea – known as K-beauty – by opening physical stores and launching b
  
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• Next sales buoyed by unusually warm spring weather in UK

  08-05-2025 14:30
  Fashion and homeware retailer continues winning streak with revenues £55m higher than expectedBusiness live – latest updatesNext enjoyed better-than-expected spring sales as the UK basked in unusually warm weather, raising hopes of a strong season for fashion retailers after many had a difficult autumn and winter.The retailer, which recently surpassed £1bn in profit for the first time, continued its winning streak on Thursday as it reported that full-price sales rose by 11.4% i
  
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• Endless Aisle Live makes its return to London this month

  08-05-2025 14:25 via retailgazette.co.uk
  
  Retail leaders know all too well that time is their most valuable currency. Between high-stakes decisions, team management, and navigating an ever-shifting landscape, stepping away from the day-to-day for an industry event is a gamble. It needs to pay back in real insight, not in glossy pitches or recycled talking points.
  This is precisely where the swiftly approaching Endless Aisle Live London event, owned and operated by unified commerce experts NewStore, looks to set itself apart. Taking plac
  
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• Co-op pauses deliveries of non-essential items amid cyber attack

  08-05-2025 14:10 via retailgazette.co.uk
  Co-op has paused its orders of non-essential products amid the fallout from its cyber attack.
  Writing to the businesses that supply its food and drink on Wednesday (7 May), the convenience giant told them it would only be manually ordering “a minimum range of products that customers and members need the most,” The Telegraph reported.
  Co-op noted that the companies should not send any deliveries to its depots without direct instruction.
  The retailer did not specify which of its produc
  
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• How Temu uses casino tactics to make us spend – video

  08-05-2025 10:40
  Temu’s deals feel like a game but behind the scenes the Chinese shopping app uses underhand psychological tactics known as ‘dark patterns’ to keep us spending. Temu was the most downloaded app in the UK, US, Australia and Canada at the beginning of last year. Neelam Tailor uncovers the tactics the shopping app borrows from casinos and gaming apps to manipulate shoppers, and explores the environmental, ethical and data privacy risks that come with those bargain hauls Continue re
  
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• Atria Watford to revert to original name of Harlequin

  08-05-2025 09:55 via theretailbulletin.com
  
  The Atria Watford shopping centre is to revert back to its original name of Harlequin this summer. In a statement, owner SGS Group said the strategic... View Article
  
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• Conversation with… Will Sheane, chief executive of Finisterre

  08-05-2025 09:35 via theretailbulletin.com
  
  Here we chat with Will Sheane about his incredible career to date, which has taken him from management consulting in Australia to heading up Finisterre, the... View Article
  
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• What do the M&S, Co-op and Harrods cyber attacks mean for UK retailers?

  08-05-2025 09:19 via retailgazette.co.uk
  
  M&S, Co-op and Harrods have been subject to cyber attacks of late, with wide ranging implications for both shoppers and staff.
  Issues for M&S kicked off over the Easter holiday weekend, with shoppers at the food and fashion giant reporting they were unable to use contactless payments or click and collect services
  The retailer’s CEO Stuart Machin went on to inform shoppers that it was “managing a cyber incident,” and that it needed to make “some small changes&rdquo
  
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• Pandora trims profitability target despite strong US growth amid tariff fears

  08-05-2025 09:18 via retailgazette.co.uk
  Pandora has lowered its annual profit margin guidance for 2025 after a strong start to the year, citing the decline of the U.S. dollar and the potential impact of rising U.S. tariffs on its costs.
  The Danish jewellery giant saw first-quarter sales in the U.S. grow 11%, making it the strongest market for the brand. Revenue in North America accounted for 32% of Pandora’s total sales, underlining its importance to the company’s performance.
  In the first quarter of 2025, Pandora’s
  
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• Tesco launches F&F clothing range online

  08-05-2025 08:31 via theretailbulletin.com
  
  Tesco is making its F&F clothing range available online on Tesco.com and its grocery and Clubcard app. F&F Online offers customers a selection of fashion, footwear... View Article
  
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• Next lifts profit forecast again as warm spring drives £55m sales boost

  08-05-2025 08:31 via retailgazette.co.uk
  Next has raised its annual profit forecast for the second time this year after warmer spring weather drove stronger-than-expected sales in the first quarter.
  The fashion and home retail giant saw full price sales rise 11.4% in the 13 weeks to 26 April —  ahead of the 6.5% increase it had forecast — delivering a £55m sales boost.
  The business now expects to post a pre-tax profit of £1.08bn for the 2025/26 financial year, up from its previous estimate of £1.066bn
  
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• Autry chooses Soho for first UK store

  08-05-2025 07:53 via theretailbulletin.com
  
  The Autry sneaker brand has opened its first UK store in London’s Soho. Located at 61-63 Beak Street, the 2,600 square foot immersive boutique aims to mirror... View Article
  
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• “Retail Together” – NRF 2025: Retail’s Big Show Europe: Shaping the Future of Commerce

  08-05-2025 07:09 via theretailbulletin.com
  
  NRF 2025: Retail’s Big Show Europe, which will be the largest retail event in Europe, will take place in Paris from 16 to 18 September 2025.... View Article
  
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• The activist winding up Omega-maker Swatch

  08-05-2025 06:00 via ft.com
  Plus, creditors draw battle lines at Altice and Millennium in talks to sell stakes
  
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