Retail news

• Directors’ Deals: Barker keeps the faith at struggling Asos

  23-01-2026 19:00
  Company repositions in the face of increased competition
  
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• Iceland bolsters retail media with ‘UK first’ sensor technology

  23-01-2026 16:15 via retailgazette.co.uk
  Iceland Foods is rolling out “UK first” sensor-based technology throughout its retail media network, as it seeks to bolster its in-store advertising.
  Iceland Retail Media, operated through Iceland and The Food Warehouse, has partnered with software development firm Stratacache to provide in-store digital signage and analytic sensor technology across 766 locations.
  The initiative makes Iceland and The Food Warehouse the first European retailer to use Stratacache’s Walkbase solut
  
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• Amazon to axe thousands more corporate roles, says report

  23-01-2026 15:52 via retailgazette.co.uk
  Amazon is reportedly planning to cut a second round of jobs next week, under a wider plan to slash roughly 30,000 roles from the company.
  The retail giant axed 14,000 jobs from its global corporate workforce in October.
  The total number of redundancies is expected to be around the same as last year, with many roles reportedly being cut due to the rise of AI software. The cuts could potentially start as soon as Tuesday (27 January), Reuters reported.
  Roles at the retailer’s Amazon Web Servi
  
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• Poundland shuts 149 stores, cuts 2,200 jobs and focuses on £1 items

  23-01-2026 13:26
  Discounter relaunches Pep & Co clothing brand after a switch to ranges supplied by its former parent group hit salesPoundland has shut 149 stores with the loss of 2,200 jobs under a rescue shake-up launched after challenging trading conditions and unpopular clothing ranges sent it into the red.The company, which was itself bought for £1 from Pepco Group by the US restructuring specialist Gordon Brothers in June last year, said it had refocused on £1 items, with 60% of its stock n
  
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• Watches of Switzerland snaps up Deutsch & Deutsch

  23-01-2026 13:21 via retailgazette.co.uk
  Watches of Switzerland Group (WOSG) has acquired Deutsch & Deutsch, an authorised distributor of brands such as Rolex, Omega, Tag Heuer and Breitling.
  WOSG is the UK’s largest luxury watch retailer and has stores and showrooms in London, Birmingham, Manchester and Sheffield.
  Deutsch & Deutsch has four showrooms in Texas, USA, and two of the sites have recently undergone “significant expansion and refurbishment,” with planning underway for similar upgrades to i
  
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• King’s Cross reports sales growth driven by Coal Drops Yard retailers

  23-01-2026 12:49 via retailgazette.co.uk
  London’s King’s Cross shopping area has posted double-digit sales growth across the estate.
  The retail destination, which is near to King’s Cross Station, reported the Coal Drops Yard space has posted a 20% year-on-year increase in sales as demand for its retail and leisure offer continued to grow.
  Recent openings including Uniqlo, Joe & The Juice and Midnight Pantry helped boost footfall and customer spend.
  Across the wider King’s Cross estate, total sales rose by 13
  
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• Watches of Switzerland acquires US family-owned retailer

  23-01-2026 12:42 via theretailbulletin.com
  Watches of Switzerland Group has acquired Deutsch & Deutsch, the US family-owned luxury watch and jewellery retailer. The group has purchased 88% of the business and... View Article
  
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• Retail Brand Monitoring: Protect Your Reputation

  23-01-2026 11:48 via theretailbulletin.com
  In our highly connected digital world, a retailer’s brand reputation can change in a matter of minutes, and a single social media crisis can reshape a... View Article
  
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• UK business activity stronger than expected in January

  23-01-2026 11:32
  Retail sales also rebounded in December, driven by online jewellery purchases
  
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• Retail sales rise boosted by online jewellery demand

  23-01-2026 10:59 via retailgazette.co.uk
  Retail sales rose in December despite falling over the fourth quarter (Q4), new Office for National Statistics (ONS) figures have revealed.
  Retail revenues were estimated to have dropped 0.3% over Q4 (October to December 2025) compared to Q3, as supermarkets and non-store retailers’ revenues both declined.
  However, retail sales were forecast to have grown 0.4% in December, after a 0.1% fall in November and a 0.8% decline in October.
  Non-store retailers saw volumes increase 4.2% in Dec
  
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• Poundland ends store closure programme as it relaunches clothing and value push

  23-01-2026 10:27 via retailgazette.co.uk
  Discount retailer Poundland confirmed the end of its restructuring-related store closure programme and the return of in-house designed PEP&CO clothing to stores across the UK and Ireland.
  For the financial year, ending 28 December, Poundland delivered earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £17.3m, £8.4m ahead of the same period last year and in line with the budget shared with suppliers.
  The business said progress is already visible follo
  
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• British retail sales jump as online jewellery firms offer surprise Christmas sparkle

  23-01-2026 10:11
  Sales volume rise of 0.4% in December confounds forecasts as new survey shows sharp rebound in consumer confidenceDavos: Global economic outlook in focus, as gold approaches $5,000 – live updatesUK retail sales were stronger than expected last month, as the nation’s shops received a surprise boost during the crucial Christmas trading period.Sales volumes across Great Britain rose by 0.4% in December, according to figures from the Office for National Statistics (ONS), with internet sa
  
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• Poundland hails turnaround progress

  23-01-2026 09:42 via theretailbulletin.com
  Poundland has reported an improved performance in its Christmas trading period as it works through its recovery plan. In its first quarter ending 28 December, EBITDA... View Article
  
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• UK retail sales rebound in December as online jewellery spending jumps

  23-01-2026 09:13
  Volumes rose unexpectedly in December, beating forecasts as demand for gold and silver strengthened
  
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• Consumer confidence edges up in January as December retail sales show small uplift

  23-01-2026 09:05 via theretailbulletin.com
  Consumer confidence has edged up in January despite people “remaining unconvinced” about the economic outlook. GFK has reported that its long-running Consumer Confidence Barometer has risen... View Article
  
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• Waterstones enjoys healthy sales both in-store and online

  23-01-2026 07:38 via theretailbulletin.com
  Waterstones’ sales increased by 7% to £565.6 million in the 53 weeks to 3 May 2025. On a like-for- like basis sales were up 5%. In... View Article
  
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• Executive shuffle dominates annual LVMH showcase

  23-01-2026 05:00
  The Milan launch event sought to reinforce the conglomerate’s lagging watch division
  
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