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-
Greggs hits 2,500 store milestone
Food-on-the-go retailer Greggs has reached a significant milestone in its estate expansion strategy with the opening of its 2,500th UK shop in Sainsbury’s Bridgeway in Cobham.... View Article -
GameStop shares soar after Roaring Kitty claims huge stake
via ft.comReddit account of Keith Gill suggests day trader holds $116mn shareholding in video games retailer -
Next sued by Harley-Davidson over alleged trademark infringement
Next is being sued by motor company Harley-Davidson in London’s High Court over claims that its “motorbike-inspired” t-shirt copies its logo.
The motorbike maker claims that the t-shirt’s biker angel wings and flames motif, with the text “Rise and Roar” across the chest, infringed its trademark, The Financial Times reported.
The “Black Fearless Stud Graphic Long Sleeve T-Shirt” is available online at Next in sizes 3 years to 16 years, with prices r -
M&S chief awarded £4.7mn pay package amid retailer’s turnaround
via ft.comStuart Machin has received far larger award than his predecessors -
GameStop soars more than 60% after Roaring Kitty claims huge stake
via ft.comReddit account of Keith Gill suggests day trader holds $116mn shareholding in video games retailer -
Shein wins Labour support as it prepares £50bn London listing
via theguardian.comChinese fast-fashion retailer close to filing prospectus for IPO in boost for London Stock Exchange, say reportsBusiness live – latest updatesThe Labour party has indicated its support for Shein’s potential London listing, as the Chinese online fashion company prepares to push the button on the UK’s biggest ever stock market flotation.The £52bn retailer is reportedly close to confidentially filing a prospectus for the listing on the London Stock Exchange to the Financial -
GameStop soars more than 80% after Roaring Kitty claims huge stake
via ft.comReddit account of Keith Gill suggests day trader holds $116mn shareholding in video games retailer -
In pictures: Co-op launches first in-store Bonmarché shop
Co-op has unveiled a new partnership with Bonmarché, which sees the fashion retailer launching a shop inside the supermarket’s Louth store in Lincolnshire.
Louth’s Co-op, based in Northgate, has undergone a 12-week programme of works and improvements, with the makeover including the introduction of the 3,000 sq ft Bonmarché store, marking the first partnership between the businesses.Bonmarché, which previously announced plans to ramp up its expansion plans over t -
Wilko to open cafés in more stores
Wilko is set to open cafés in more of its stores as the discount chain continues to add new features to improve the shopper experience.
The value retailer has been testing the Café Eighty Nine concept in its Exeter branch, which opened 1 December last year.
The café is named after the year new Wilko owner CDS Superstores opened its first The Range store and sells a mixture of hot and cold food alongside Barista-made drinks.Subscribe to Retail Gazette for free
Sign up he -
M&S bosses pocket £5m each after bumper year
M&S bosses Stuart Machin and Katie Bickerstaffe were paid just almost £5m each in total over its last financial year on the back of soaring profits for the retailer.
Chief executive Stuart Machin’s £4.73m payout was a 75% jump on last year’s package, and came from a fixed pay of £908,000 and £3.82m in performance related pay.
Co-chief executive Katie Bickerstaffe, who leaves the retailer in July after two years in the role, took home a £851,000 salar -
M&S bosses pocket almost £5m each after bumper year
M&S bosses Stuart Machin and Katie Bickerstaffe were paid just almost £5m each in total over its last financial year on the back of soaring profits for the retailer.
Chief executive Stuart Machin’s £4.73m payout was a 75% jump on last year’s package, and came from a fixed pay of £908,000 and £3.82m in performance related pay, which is subject to holding periods and is dependent on future share price growth.
Co-chief executive Katie Bickerstaffe, who leaves -
M&S and Sainsbury’s bosses pay packets revealed
M&S bosses Stuart Machin and Katie Bickerstaffe were paid just almost £5m each in total over its last financial year on the back of soaring profits for the retailer.
Chief executive Stuart Machin’s £4.73m payout was a 75% jump on last year’s package, and came from a fixed pay of £908,000 and £3.82m in performance related pay, which is subject to holding periods and is dependent on future share price growth.
Co-chief executive Katie Bickerstaffe, who leaves -
Boots tycoon loses £1.5bn as Walgreens share price plunges
Boots tycoon Stefano Pessina has had more than £1.5bn shaved off his fortune as the health and beauty retailer’s owner Walgreens shares have dropped dramatically.
The market value of Pessina’s holding in Walgreens, where he is executive chair, plummeted to £1.73bn from £3.46bn the prior year, The Times reported.
Walgreens shares plunged more than 40% over the last year, during a period where the S&P 500 share index of the US’ largest listed companies gaine -
Shein fashion group poised to file paperwork for £50bn London listing
via theguardian.comLabour politicians have met Chinese fast-fashion retailer to discuss IPO, according to reportBusiness live – latest updatesThe Chinese online fashion company Shein is poised to file paperwork for London’s biggest ever stock market flotation, after attempts to list its shares in the US hit the buffers.The £52bn retailer is reportedly close to confidentially filing a prospectus for the listing on the London Stock Exchange to the Financial Conduct Authority as early as this week. -
Majestic Wine partners with Gophr as it eyes ‘biggest summer of beer sales’
Majestic Wine is partnering with on-demand courier company Gophr as it prepares to keep customers’ alcohol stocked up throughout a summer of sport.
The tie-up, which has been successfully trialled across regions including London, Carlisle, Shrewsbury and Yeovil, will allow shoppers to access rapid same-day deliveries, while supporting the wine retailer’s existing network of 220 delivery vans.
Those buying large volumes of wines, beers and spirits across its stores can request their b -
Frasers Group appoints Sir Jon Thompson to board
Frasers Group has appointed Sir Jon Thompson, a former chief executive of the Financial Reporting Council, as a non-executive director. The company said his experience in... View Article -
Comment: Vertical integration rises up the agenda
Retailers owning their own manufacturing facilities has perennially flip-flopped between being seen as favourable one minute and seriously out of fashion the next. The chief driver... View Article -
Frasers Group hires city regulator’s ex-boss Sir Jon Thompson for board role
Frasers Group has hired the city regulator’s former boss Sir Jon Thompson as a non-executive director.
The group, which owns brands including Sports Direct, Flannels and House of Fraser, said the appointment of the Financial Reporting Council’s ex-chief executive reaffirms its commitment to elevating its board.
It said Thompson’s expertise in corporate governance, reporting and audit will “strengthen the execution of Frasers’ long-term growth strategy and continue t -
Frasers Group hires city regulator’s ex-boss for board role
Frasers Group has hired the city regulator’s former boss Sir Jon Thompson as a non-executive director.
The group, which owns brands including Sports Direct, Flannels and House of Fraser, said the appointment of the Financial Reporting Council’s ex-chief executive reaffirms its commitment to elevating its board.
It said Thompson’s expertise in corporate governance, reporting and audit will “strengthen the execution of Frasers’ long-term growth strategy and continue t -
Frasers Group appoints Sir John Thompson to board
Frasers Group has appointed Sir Jon Thompson, a former chief executive of the Financial Reporting Council, as a non-executive director. The company said his experience in... View Article -
Zara expands live shopping to the UK
Zara is to expand its live shopping broadcasts to the UK following a successful trial in China.
The initiative will also be rolled out to Europe and the United States between August and October this year, Reuters reported.
Owner Inditex said it was investing in new ways to engage shoppers following analyst expectations of a slowdown in sales growth.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning A Zara spokesperson sai -
Barclay family told Very Group price too high
Very Group owner the Barclay brothers have been told to “lower their expectations” on their hunt for a buyer for the retailer.
The brothers put the online department store up for sale earlier this year in a bid to tackle its mounting debts.
It is understood the Barclays have agree to offload the entire Very Group business or a stake in it.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning The group, which own -
Shein to file prospectus with City regulator for £50bn London float
Shein is to file a confidential prospectus with the City regulator this month as it inches closer to launching its initial public offering.
The online fashion giant is preparing to file a prospectus with the Financial Conduct Authority as it seeks approval for a London listing, Sky News reported.
City sources said the filing could take place as soon as this week, or take place later this month.
The timing of the filing does not necessarily indicate when Shein will IPO, with some spectators belie -
Majestic signs partnership with Gophr ahead of summer of sport
Majestic has embarked on a nationwide partnership with on-demand courier Gophr as it gears up to deliver for its retail and on-trade customers during this year’s... View Article -
Pashley appoints Andy Smallwood as chief executive
The Pashley cycling brand has appointed Andy Smallwood as chief executive with effect from 3 June. Having worked in the cycling industry for more than two... View Article -
White Stuff and M&S expand partnership to 10 additional stores
White Stuff is expanding its partnership with M&S by opening in 10 more of the retailer’s UK stores. The move will double the brand’s store footprint... View Article -
Shein fashion group plans to file for London listing in coming days
via ft.comConfidential filing would lay groundwork for blockbuster IPO and provide a coup for faltering UK stock exchange -
Superdry landlord M&G ditches challenge to retailer’s rescue plan
The owner of Superdry’s Oxford Street flagship, M&G, has ditched a challenge to its rescue plan, giving a boost to the fashion chain.
The global investment manager, which initially considered a challenge to the retailer’s rescue plan in April, has decided not to continue with a formal objection, Sky News reported.
M&G had previously engaged lawyers from Hogan Lovells to examine the proposals.
City insiders also said that British Land, which owns various Superdry sites, object -
M&S expands partnership with White Stuff across 10 additional stores
White Stuff has expanded its partnership with M&S, opening in a further 10 of the retail giant’s UK stores this season.
The tie-up, which includes the fashion and food retailer’s stores based in Southampton, Watford and Sheffield, brings White Stuff’s total store number to 20.
Each new location is set to be specifically curated to offer shoppers “the best of White Stuff’s seasonal collections,” including its latest early summer edit, according to the busin -
M&S CEO: ‘We should have overtaken Waitrose already’
M&S boss Stuart Machin has claimed the supermarket should have already “overtaken” Waitrose, following its recent bumper profits.
The retailer’s latest annual financial results revealed profits had jumped 41% to £673m, while sales had risen across both its fashion and food departments.
Speaking to The Telegraph, the CEO said: “You could argue we should have overtaken [Waitrose] already. I might even be arguing that internally here.”
Despite its recent succ
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