Retail news

• ‘Aggressive’ hackers of UK retailers are now targeting US stores, says Google

  14-05-2025 21:24
  
  Alphabet warns of ‘Scattered Spider’, network of hackers reportedly behind cyber-attack against UK retail giant M&SAlphabet’s Google warned on Wednesday that hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States.“US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Goo
  
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• Why the new Burberry is worth checking out

  14-05-2025 17:21
  Despite endlessly fiddling with its brand, the luxury group still seems to stand for something in consumers’ minds
  
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• How community engagement sparks high street revival

  14-05-2025 14:38 via theretailbulletin.com
  
  What happens when the heart of a town, the high street, falls silent?  Given the increasing number of stores closing and the changing nature of the consumer,... View Article
  
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• ‘Greedflation’ fears rise as Bank official warns firms against price hikes

  14-05-2025 13:01
  Bank of England’s Catherine Mann wary of ‘pricing power’, with companies looking to rebuild profit margins by hiking pricesBusiness live – latest updatesBusinesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank of England interest rate-setter Catherine Mann.In a warning to retailers and consumer goods companies to resist pushing up prices by more than the increase in their costs, Mann said she was w
  
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• US department store Saks to launch Amazon UK storefront

  14-05-2025 12:23 via retailgazette.co.uk
  
  Saks, the heritage US department store chain, is planning to launch a storefront on Amazon’s UK website as it looks to expand its global reach.
  The American retailer has a designated section on Amazon’s US site where it sells luxury products from brands including Balmain, Dolce & Gabbana, and Stella McCartney.
  Speaking at this year’s World Retail Congress, Saks Global executive chairman Richard Baker said the high-end department store was working with Amazon to launch
  
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• Superdrug adds 60 fashion brands to online marketplace

  14-05-2025 12:19 via retailgazette.co.uk
  
  Superdrug is expanding its online marketplace to include 60 fashion brands, as it pushes to become more of a lifestyle destination rather than a traditional health and beauty retailer.
  The move is part of the retailer’s wider growth strategy for 2025, which includes broadening product categories and investing in bricks-and-mortar expansion.
  The new offering will feature household fashion names including Nike, Wrangler, Jack and Jones and Regatta.
  Superdrug said the collection was “ha
  
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• Co-op cyber-attack: stock availability in stores ‘will not improve until weekend’

  14-05-2025 11:02
  
  Group in ‘recovery phase’ and working closely with suppliers after customers complain of empty shelvesThe Co-op has said that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.The grocery to funerals mutual said it was in the “recovery phase” and “working closely with our suppliers to restock our stores” after bringing its stock ordering system back online. The system was closed d
  
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• [ Breakfast Briefing ] AI in Retail: Transforming Digital & Operations Management

  14-05-2025 10:27 via theretailbulletin.com
  Want to know how Halfords, Dunelm & the Retail Trust revolutionised retail IT with AI? Learn from the people behind it. At this exclusive breakfast briefing, Neil... View Article
  
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• Amazon slashes prices on household items for new sales event

  14-05-2025 10:18 via retailgazette.co.uk
  
  Amazon is launching a new sales event, Everyday Essentials Week, offering shoppers up to 40% off household staples across grocery, health and personal care, beauty and pet categories.
  Running from 21 to 27 May, the online giant‘s new promotion will feature deals from leading brands including Andrex, Fairy, Flash, Gillette Venus and WaterWipes. Customers will also be able to save up to 30% on grocery favourites from Cadbury, Nestlé and Twinings.
  The discounts will be available to all
  
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• Burberry may cut 1,700 jobs globally to reduce costs as profits fall

  14-05-2025 10:01
  
  Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 150 postsBurberry has said it could cut 1,700 jobs worldwide by 2027 – including removing the entire night shift at its Yorkshire raincoat factory – as the struggling fashion house ramps up its efforts to slash costs after a tumble in profit.The British luxury brand announced the job cuts on Wednesday after reporting a 117% fall in its annual pre-tax profits in the last financial year. It
  
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• Burberry to axe up to 1,700 roles as it plunges to full-year loss

  14-05-2025 09:55 via retailgazette.co.uk
  
  Burberry reported a loss during its preliminary full year results, and warned that it would axe 1,700 roles by 2027.
  The luxury retailer reported an operating loss of £3m for the 52 weeks ended 29 March, from a £418m profit the year prior. Sales also plunged 17% to £2.5bn year on year over the period.
  Retail sales during its final quarter dropped 6% on a like for like basis, while sales across the whole group slumped 12% over the year.
  Burberry cautioned that it could cut 1,700
  
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• Co-op stock levels on track for recovery following cyber attack

  14-05-2025 09:29 via retailgazette.co.uk
  
  Co-op stock levels are beginning returning to normal levels following its cyber attack, as the supermarket told its suppliers that it would be turn its orders back online today.
  In a notice to its suppliers, the convenience giant explained that it was “pleased to inform that systemic-based orders will resume for ambient, fresh and frozen products commencing Wednesday 14 May,” The Grocer reported. 
  The notice comes after Co-op has experienced availability issues across the countr
  
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• M&S insurance payout to be worth up to £100m after cyber attack

  14-05-2025 09:26 via retailgazette.co.uk
  
  The M&S insurance pay out following its cyber attack could be worth up to £100mn, people familiar with the matter told the Financial Times.
  The food and fashion specialist is preparing to file an insurance claim after confirming that personal customer data was stolen as part of the ongoing attack yesterday (13 May).
  The retailer assured customers that the stolen data did not include payment details, card information, or account passwords, and there was no evidence that the data has bee
  
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• Not On The High Street appoints new chief executive

  14-05-2025 06:23 via theretailbulletin.com
  
  Not On The High Street has appointed Jessica Nesbitt as its new chief executive. Due to take up her position this month, she will succeed Leanne... View Article
  
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• Wickes makes strong start to year

  14-05-2025 06:21 via theretailbulletin.com
  
  Wickes has said it made a strong start to 2025 with group revenue up 6.9% to £533.1 million in the 17 weeks to 26 April. Retail... View Article
  
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• Miniso to open Liverpool store

  14-05-2025 06:19 via theretailbulletin.com
  
  Lifestyle brand Miniso is to open a new store in Liverpool this month as it continues its UK expansion. Situated at Liverpool ONE, the store will... View Article
  
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• M&S cyber insurance payout to be worth up to £100mn

  14-05-2025 06:00
  UK retailer to file big claim as it admits for first time that some customer data was stolen in recent hack
  
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