Retail news

• Farfetch seeks fresh funding to avoid collapse

  05-12-2023 08:34 via retailgazette.co.uk
  
  Farfetch is racing to secure fresh funding as it teeters on the brink of collapse.
  The luxury ecommerce platform is exploring several strategic options, including a possible take-private sale, to stay solvent, The Business of Fashion reported.
  Farfetch has £2.2m ($2.8bn) in financial obligations, which include £792m ($1bn) in loans and a £158m ($200m) credit facility it took out in September.
  The New York-listed business cancelled its quarterly earnings report last week and sai
  
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• Topshop launches European website

  15-01-2026 16:01 via retailgazette.co.uk
  Fashion brand Topshop has rolled out a dedicated European website across 23 EU countries, including France, Germany, Italy and Spain. 
  Built on Shopify, eu.topshop.com provides “a faster and more seamless way” for European customers to experience and a range of clothing choices, according to Topshop.
  Shoppers can find the latest collections across the fashion retailer’s hero categories on the website, including its cult denim, elevated tailoring, dresses, evening wear, foo
  
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• Asda faces debt sell-off amid growing revenue declines

  15-01-2026 15:34 via retailgazette.co.uk
  Asda is facing a sell-off of its bonds and loans as investors in the retailer grow worried that accelerating revenue declines will threaten its turnaround.
  A fall in the price of the supermarket’s traded debt that started in November has picked up pace in 2026, the Financial Times reported, after industry data revealed that Asda was the biggest loser of Christmas in the sector. 
  A €1.3bn loan issued by the grocery giant in 2024 has fallen to a record low of 88 cents on the euro,
  
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• Petrol prices vary wildly from one filling station to the next. Why?

  15-01-2026 13:24
  From postcode pricing to falling wholesale costs, the price you pay at the pump depends less on petrol itself than on where – and when – you fill upWhy do petrol prices vary so much between filling stations? On the same road I’ve seen a 5p-a-litre difference on what must be an identical product, while the same chains charge differently from town to town.Weird, isn’t it? Of all the things we buy, the price of petrol is probably the most transparently disclosed before we en
  
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• British Heart Foundation names new chief commercial officer

  15-01-2026 13:17 via retailgazette.co.uk
  The British Heart Foundation (BHF) has appointed Allison Swaine-Hughes as its new chief commercial officer.
  Swaine-Hughes is set to lead the charity’s retail and commercial operations into “a new era of significant transformation within the charity retail sector and the re-use market”, according to BHF.
  The exec has served as BHF’s retail director since 2018 and is set to take responsibility for the organisation’s 680 shops, e-commerce platforms, and wider commercia
  
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• WhatsApp loyalty programmes: The future of modern retail

  15-01-2026 12:37 via theretailbulletin.com
  In an age of omnichannel shopping, traditional loyalty programmes are failing to keep pace with expectations. On the other hand, WhatsApp loyalty programmes are becoming increasingly popular... View Article
  
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• Why retail brands shouldn’t overlook corporate sponsorships

  15-01-2026 12:19 via theretailbulletin.com
  In a retail environment where digital advertising, social media algorithms and sales goals are a focal point, it’s all too tempting to think that the old-school marketing... View Article
  
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• Why Intelligent Refrigeration Facilities Management (IRFM) should be Grocery’s Biggest 2026 Focus

  15-01-2026 11:58 via theretailbulletin.com
  Refrigeration is grocery’s most critical business asset. From integral cabinets and pack systems to freezers and coldrooms, grocers depend on refrigeration to keep inventory moving, revenue... View Article
  
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• Dunelm reveals subdued second quarter trading

  15-01-2026 11:51 via theretailbulletin.com
  Dunelm has announced that it expects its full year pre-tax profit to be at the lower end of market forecasts after sales growth slowed towards the... View Article
  
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• ‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end

  15-01-2026 11:00
  Just more than a year after the new luxury behemoth was formed, it announcedit had filed for chapter 11 bankruptcyEvery year, the stores down Manhattan’s Fifth Avenue dress up their windows at Christmastime. Tourists from all over the world come to gawk at all the glitter, lace, ruffles and bows.Saks’s Fifth Avenue location, so iconic that it’s embedded in the brand’s name, is usually dressed top to bottom during the holidays. In 2023, the store partnered with Christian D
  
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• Cartier owner Richemont’s sales boosted by high-end jewellery demand

  15-01-2026 10:57
  Group also supported by improving China conditions as it sees 11% quarterly sales increase
  
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• Amazon to shut first UK fulfilment centre

  15-01-2026 10:38 via retailgazette.co.uk
  Amazon has unveiled plans to shut its Milton Keynes warehouse, impacting hundreds of staff.
  The ecommerce giant said it had begun a consultation to close the fulfilment centre, which was its first to open in the UK in 1998.
  Amazon said its 590 impacted employees would be transferred to other sites or a new £500m Northampton site, which is due to open in May.
  The business confirmed that its sortation centre, which is also located in Milton Keynes and employs 1,100 workers, would be unaffect
  
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• Pepco Group posts solid Q1 growth

  15-01-2026 10:34 via retailgazette.co.uk
  Former Poundland owner Pepco Group has reported a solid start to FY26, with like-for-like growth at its core Pepco fascia helping to offset disruption at Dealz, while full-year guidance remains unchanged.
  In a trading update for the first quarter to 31 December 2025, the pan-European discount retailer said group revenues rose 4.3% year on year on a constant currency basis to €1.4bn (£1.21). Like-for-like revenues excluding FMCG increased by 3.3% across the group.Related Story Former P
  
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• Very UK recorded strong Christmas performance

  15-01-2026 10:13 via retailgazette.co.uk
  Online retailer and financial services provider The Very Group reported resilient Christmas and Black Friday trading periods, with growth in its flagship Very UK brand supported by strong sales in higher-margin categories including Home, Toys and Beauty.
  For the six weeks to 27 December 2025, Very UK delivered retail sales growth of 1.9% year on year.
  Home was a standout performer, growing 7.9%, while Toys and Beauty increased 6.4%, reflecting continued consumer demand for gifting and lifes
  
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• Home furnishing group Dunelm sinks 17% on weak Christmas trading

  15-01-2026 10:00
  Shares fall as high street retailer says downbeat consumer confidence and discounting by rivals will curb profitability
  
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• Furniture maker Dunelm sinks 17% on subdued Christmas trading

  15-01-2026 10:00
  Shares fall as group says downbeat consumer confidence and discounting by rivals will curb profitability
  
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• Dunelm posts ‘solid’ Christmas as profits outlook trimmed

  15-01-2026 09:46 via retailgazette.co.uk
  Homeware retailer Dunelm has reported a “solid” first-half performance but warned that tougher trading in the run-up to Christmas has weighed on expectations for the full year.
  The business said total sales rose 3.6% to £926m in the first half, while second-quarter sales increased by a more modest 1.6% to £498m.
  Trading was strongest in the first quarter, with conditions becoming more challenging around Black Friday and into December.
  Digital sales continued to grow,
  
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• Very Group reports ‘resilient’ Christmas trading

  15-01-2026 09:30 via theretailbulletin.com
  The Very Group has reported “resilient” Christmas and Black Friday trading, with sales at the Very brand rising by 1.9%. The group said the performance in... View Article
  
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• Very Group reports ‘resilient’ Christmas

  15-01-2026 09:30 via theretailbulletin.com
  The Very Group has reported “resilient” Christmas and Black Friday trading, with sales at the Very brand rising by 1.9%. The group said the performance in... View Article
  
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• Pepco Group reports 4.3% Q1 revenue growth

  15-01-2026 08:21 via theretailbulletin.com
  Former Poundland owner Pepco Group has reported a 4.3% increase in revenue on a constant currency basis to €1.4 billion in its first quarter. In the... View Article
  
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• Pepco Group posts 4.3% Q1 revenue growth

  15-01-2026 08:21 via theretailbulletin.com
  Former Poundland owner Pepco Group has reported a 4.3% increase in revenue on a constant currency basis to €1.4 billion in its first quarter. In the... View Article
  
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• Diesel names new chief executive

  15-01-2026 08:19 via theretailbulletin.com
  The Diesel fashion brand has appointed Andrea Rigogliosi as its new chief executive. Rigogliosi previously served as global head of retail and commercial at Prada Group’s... View Article
  
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• Cartier owner Richemont’s sales driven higher by demand for high-end jewellery

  15-01-2026 07:58
  Group also supported by improving China conditions as it sees 11% quarterly sales increase
  
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• The UK’s online retail habit is bigger than we thought

  15-01-2026 07:30
  Second to none, or maybe two
  
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• Lidl appoints chief customer officer

  15-01-2026 07:26 via theretailbulletin.com
  Lidl has appointed Louise Weise as chief customer officer. Weise has worked with the supermarket since 2010, initially as a graduate trainee. She then moved up... View Article
  
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• Asda hit by debt sell-off after Christmas sales slump

  15-01-2026 06:00
  Traders offload Asda’s bonds and loans in a sign that confidence in retailer’s turnaround is weakening
  
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• Lucy & Yak unveils membership with Fair Wear

  14-01-2026 15:57 via retailgazette.co.uk
  Lucy & Yak has partnered with Fair Wear, an organisation that advances workers’ rights across global supply chains and supports responsible business practices.
  The membership marks an “important milestone” in Lucy & Yak’s “ongoing approach to ethical and transparent production,” according to the clothes retailer.
  The scheme is set to begin this month, with Fair Wear’s code of labour practices being incorporated into Lucy & Yak’s existin
  
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• ProCook Q3 revenues climb in record peak season trading

  14-01-2026 13:43 via retailgazette.co.uk
  Homeware retailer ProCook saw sales rise in its latest third quarter, as it saw “record peak season trading and significant market share gains”.
  Total revenues jumped 28% to £32.8m for the 12 weeks ended 4 January, while like for like sales increased 17.2%.
  Retail revenue grew 26.8%, benefitting from the tenth consecutive quarter of like for like growth (9.1%) and the impact of new store openings.
  Additionally, ecommerce sales increased 30%, which the business said reflect
  
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• Specsavers opens new flagship store on Tottenham Court Road

  14-01-2026 12:34 via theretailbulletin.com
  Specsavers has opened a new flagship store on London’s Tottenham Court Road following a £1.2 million investment. The site is a relocation as Specsavers’ previous store... View Article
  
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• Lidl names new CCO

  14-01-2026 12:07 via retailgazette.co.uk
  Lidl GB has named its customer director Louise Weise as its new chief customer officer (CCO).
  The new role sees her join the company’s board of directors to lead its customer function.
  She will primarily be responsible for the discounter’s brand and marketing, loyalty and customer insight, in-store customer experience and customer care.Related Story N Brown appoints new COO14/01/2026 x 10:55 AM“I am thrilled and honoured to step into this role at such a pivotal stage in Li
  
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