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ASOS launches in India through partnership with Reliance Retail
ASOS has entered into a long-term partnership in which Reliance Retail will be its exclusive retail partner for all online and offline channels in India. Under... View Article -
Aldi invests £90m in store upgrade programme
Aldi is investing more than £90m on store improvements this year as it looks to ensure the “shopping experience is on a par with the high-quality products”.
Over 30 of the discounter’s stores will undergo refurbishments this summer, while more than 100 are set to receive upgrades later this year.
Aldi said the changes will vary at store level but include providing more space to shop and introducing energy efficient features, such as installing doors on fridges and us -
Tesco faces criticism as chief’s pay more than doubles to nearly £10m
via theguardian.comShareAction charity to ask why boss’s pay is so high when it claims some staff do not receive real living wageBusiness live – latest updatesThe UK’s biggest supermarket chain Tesco will face criticism over its chief executive’s near £10m pay deal at its annual shareholder meeting on Friday.The campaign group ShareAction is planning to question why Murphy’s pay has more than doubled to £9.9m including bonuses, when some of those working in its supermarket -
Tesco CEO insists new marketplace is ‘not trying to be Amazon’
Tesco’s chief executive has said the supermarket is not trying to replicate Amazon with its new marketplace, which launched earlier this month.
The boss said: “The primary focus of marketplace is to build out and extend the range of food, food related and home products available to customers – so to be very clear, we are not trying to be Amazon.”
“We are not trying to be all things to all people.”
He explained that the grocer is making “all of those nich -
Tesco makes strong start to new financial year
Tesco has seen its retail sales increase by 3.4% on a like-for like basis to £15.3 billion in its first quarter as it experienced strong volume... View Article -
Debenhams expands offering as it relaunches Quiz online
Quiz has relaunched online at Debenhams, with over 600 items from the fashion retailer available as part of the new tie-up.
Quiz said it was previously “one of the most prominent fashion brands” in the Debenhams portfolio prior to the popular retailer falling into administration back in 2020.The move comes as Debenhams continues its efforts to introduce new brands to its marketplace as part of its ongoing strategic focus on fashion, beauty and home.
The retailer told Retail Week tha -
Interview: How Asos is banking on a summer of stylish sport to drive growth
There’s no denying it’s been a tough few years for Asos. Since the online boom of the pandemic died down, it has grappled with the resurgence of physical retail, fierce competition from the likes of Shein and pinched wallets amid the ongoing cost-of-living crisis.After pulling in an almost £300m full-year loss last year, the online retailer has been in turnaround mode, clearing stock and resetting its commercial model to focus on profitability. But now the retailer has its eye -
Missoma chooses Victoria Leeds for second permanent UK store
Jewellery brand Missoma has chosen Victoria Leeds for the opening of its second permanent store this summer. The 2,250 square foot boutique will showcase the brand’s... View Article -
Tesco ‘well-positioned’ as it grows market share and maintains guidance
Tesco has strengthened its market share and maintained its profit guidance for the year, after reporting a 4.6% rise in underlying UK sales for the first quarter.
As a result, the UK’s biggest grocer has kept its forecast for retail adjusted operating profit of at least £2.8bn ($3.6bn) for 2024/25, up from £2.76bn in 2023/24.
“We’ve continued to build momentum in the business, with strong volume growth across the UK, Republic of Ireland and Central Europe supported -
Tesco grows market share and sales in first quarter
Tesco has strengthened its market share and maintained its profit guidance for the year, after reporting a 4.6% rise in underlying UK sales for the first quarter.
As a result, the UK’s biggest grocer has kept its forecast for retail adjusted operating profit of at least £2.8bn ($3.6bn) for 2024/25, up from £2.76bn in 2023/24.
“We’ve continued to build momentum in the business, with strong volume growth across the UK, Republic of Ireland and Central Europe supported -
Wolford names new chief executive
Wolford has announced that Regis Rimbert is to become chief executive of the business on 14 June. Appointed for a period of three years, he will... View Article -
Asda sets up ‘Nanzones’ to combat loneliness and help the over 65s to watch Euro 2024 together
Asda is launching ‘Nanzones’ in three of its stores to help elderly people to gather, socialise and enjoy the Euro 2024 football tournament. In a bid... View Article -
‘Poundland Perks’ rewards app launches in 62 stores in Scotland
Poundland is rolling out its pilot rewards app to 62 stores in Scotland following a trial in 43 shops on the Isle of Wight and in... View Article -
M&S launches guide to help colleagues with caring responsibilities
To mark National Carers Week, Marks & Spencer has launched a new guide to help support staff who have caring responsibilities. Aimed at colleagues working in... View Article -
General election: What the Conservative, Labour and Lib Dem manifestos mean for retail
The Conservatives, Labour, and Liberal Democrats have unveiled their manifesto this week ahead of the General Election on 4 July, with some policies having a host of implications for retail.
From scrapping business rates to tackling retail crime, Retail Gazette compares the manifesto of the rival parties.
Labour
Conservative
Lib DemsBusiness rates
• Replace the business rates system in England• Cap corporation tax at 25% for the entire parliament.• Retain permanent full expensing -
Specsavers translates signature slogan for Euros ’24 ad campaign
Specsavers has translated its famous slogan into 24 languages in a new tongue-in-cheek ad campaign for this year’s UEFA European football championship.
The eye care specialist’s ‘Should’ve gone to Specsavers’ line has been translated into all the nations taking part in the competition.
It said the new ads ensure that “supporters of every nation will be able to scream, cry or shout the phrase in their native tongue when the inevitable dodgy refereeing decisions -
John Lewis TV sales skyrocket ahead of 2024 Euros
John Lewis has seen demand for its TVs skyrocket ahead of the 2024 UEFA European football championship, which begins this Friday (14 June).
The department store said TV and AV sales had soared 47% compared to the same period last year, with shoppers spending on average 13% more on their home entertainment set up.
It noted many consumers were upgrading to larger screens, with sales of 65” TVs more than doubling (104%) and 70” screens skyrocketing 123%.Subscribe to Retail Gazette for f -
Sportswear giant On to transform supply chain with AI and robotics
Sportswear giant On has joined forces with tech firm Verity to transform its warehouse operations with AI and robotics.
Under the partnership, fully autonomous drones are used in the brand’s warehouses to enable full operational visibility via smart, real-time inventory tracking, minimising stockouts, misplacements, and shrinkage across its supply chain.
The activewear company, which opened its second UK store last year, insisted this ensured flawless order fulfillment for its retail -
Sainsbury’s to offer Nectar points to customers using its ultra-rapid EV charging service
Sainsbury’s has announced that customers using its ultra-rapid EV charging service Smart Charge will be able to collect Nectar points. The move means the Smart Charge... View Article -
[ WEBINAR ] EV Charging Hubs – An Opportunity for Landowners
How can landowners benefit from installing EV charging hubs on their sites? On 26th June, at 11am, Mer are hosting a webinar for landowners interested in learning... View Article -
Urgent call for retailers to comply with EPR regulations
Specialist lawyers says providing accurate data is crucial Irwin Mitchell’s leading environmental lawyer, Jill Crawford, has issued a warning to retailers regarding the importance of accurate... View Article -
Quiz unveils new flagship store at Trafford Centre
Fashion brand Quiz has opened a new flagship store in the north west at Manchester’s Trafford Centre. The 2,500 square foot shop at 126 Regent Crescent... View Article -
Shein raises prices ahead of planned IPO
Shein has increased prices by over a third on some core items, likely to boost revenues ahead of its anticipated IPO, according to a recent analysis of its pricing strategy.
Shein’s average price hikes surpassed those of fellow fashion rivals H&M and Zara, according to data from London-based research firm Edited, which compared prices on 1 June with those from a year earlier.
While the fast fashion giant doesn’t disclose financial data publicly, Reuters reports that Coresight Res -
Boots to add over 25 new brands to its beauty line-up this summer
Health and beauty retailer Boots is adding over 25 new names to its current line-up of 500 beauty brands. New brands including The Beauty Crop, Tree... View Article -
Dr Martens names new majority shareholder
Dr Martens has said that Guernsey-based IngreGrsy Limited has acquired a 38.46% stake in the business as part of a restructuring within owner Permira’s buyout fund, making IngreGrsy the largest shareholder.
The British bootmaker issued a statement saying that the Permira V fund ownership structure “is otherwise unchanged and remains ultimately controlled by Permira V GP Limited and advised by Permira Advisers LLP”.
Permira acquired Dr Martens from the Griggs family back in Janu -
Dr Martens’ bosses miss out on bonuses after plunging profits
Dr Martens’ top bosses will not be paid their bonuses after the British bootmaker saw its profit and sales plunge during its full year.
Pre-tax profit fell almost 43% to £97.2m for the year ended 31 March, below the minimum threshold of £149m for its executive directors to qualify for a bonus.
The retailer said the drop was driven by a 24% plunge in revenue in its American division, one of its biggest markets.
Dr Martens CEO Kenny Wilson, who revealed he would be stepping -
SpongeBob SquarePants lands in Primark
Primark has expanded its partnership with Paramount to celebrate 25 years of SpongeBob SquarePants. Fans of the cartoon can shop from ranges featuring the SpongeBob, Patrick... View Article -
Marks & Spencer holds prices on school uniform items for fourth year in a row
Marks & Spencer is holding the price of school uniform for the fourth year in a row and is also offering an extended 100-day returns period... View Article -
Poundland rolls out new rewards scheme across UK
Poundland is set to launch its reward scheme in Scotland for the first time after successfully rolling out the scheme across 41 stores in Northern Ireland last year.
The discounter’s Poundland Perks scheme was first trialled in four stores on the Isle of Wight and is expected to be available on 14 June across 62 stores in Scotland.
A wider UK rollout is set to happen at a later date this year, Retail Week reports.
The rewards app, which is available via Apple and Google Play stores, offer -
Cornish Bakery appoints first managing director
Cornish Bakery has appointed Mat Finch as its first managing director. With over 20 year’s leadership experience in the leisure, hospitality, retail, and tech sectors, Finch... View Article
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