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John Lewis owner cut 3,500 jobs last year yet hired chief on £1.2m pay deal
via theguardian.comFurther job cuts likely as JLP says it is investing in automation as part of ‘simplifying the way we work’Business live – latest updatesThe owner of John Lewis and Waitrose cut 3,500 jobs last year amid efforts to save costs in a tough market – but employed its first group chief executive on a more than £1m pay deal.The staff-owned group, which has 34 John Lewis department stores and 329 Waitrose supermarkets, said it employed 72,900 people in its annual report publ -
Fiftysomethings in pink bobble jumpers: how White Stuff’s boss plans to tap midlife trends
via theguardian.comJo Jenkins is making a play for themature shoppers left bereft after the loss of so many of Britain’s department stores‘I’m just getting going,” says Jo Jenkins, the 55-year-old boss of casual clothing brand White Stuff. Founded by two ski bums selling T-shirts door-to-door in the Alps, it has grown up with its customers and is now a supplier of floral tunics, utility jackets and other everyday staples to mums and dads.Jenkins, a polished retail industry veteran, was poac -
Asda welcomes former Lidl exec to bolster senior leadership team
Asda is welcoming Lidl chief operating officer Matt Heslop to the business, as it looks to strengthen its senior leadership team for growth.
Heslop is set to lead the supermarket’s stores and depots operation, including the 470 convenience sites in its newly-established Asda Express division.
He has spent over 20 years at fellow supermarket Lidl in various senior operational roles, with Asda noting his experience in the convenience sector would be particularly important in helping accelera -
Burberry chief marketing officer to depart
Burberry chief marketing officer Rod Manley is stepping down from the fashion retailer after six years.
The executive, who is due to exit his role at the end of the year according to WWD, joined the luxury brand in January 2019. He previously served as Calvin Klein’s executive vice president in New York.
Manley worked with former Burberry creative director Riccardo Tisci for three years, and went on to partner with current chief creative officer, Daniel Lee.Subscribe to Retail Gazette for -
Leading Retail Diversity expert shares insights on ‘Business But Better’ podcast
Retailers Must Be Honest And Data Focussed To Embed Effective ED&I Strategies Retailers must be honest and upfront about where the are on their equality, diversity... View Article -
Tesco launches marketplace to become one-stop shop online
Tesco has launched an online marketplace allowing customers the ability to shop thousands of third-party products when buying their groceries.
The supermarket told The Grocer the addition of a marketplace will make Tesco.com “a one-stop shop for everything customers need”.
The grocery giant has launched the platform with 9,000 products listed across DIY, garden, homeware, pet care and toys.
While the third-party products will be listed next to Tesco groceries online and on the app, t -
H&M opens new concept store in Seoul
H&M has opened a technologically advanced new concept store in the Korean capital of Seoul. One of the first H&M stores globally to offer the elevated... View Article -
Uniqlo to open flagship in London’s Coal Drops Yard
Uniqlo is set to open in a new flagship store in the Coal Drops Yard development at King’s Cross this Autumn as it continues its expansion across London.
The fashion retailer will occupy a 12,000sq ft unit, spread across three floors, in what has been dubbed as the most significant retail deal for the development since its launch in 2018.
The Japanese brand will take over the former Wolf & Badger store and each of floor will be dedicated to its men, women and children’s collectio -
Estée Lauder Companies completes acquisition of DECIEM
Estée Lauder Companies (ELC) has completed its acquisition of DECIEM Beauty Group as it looks to expand its skincare portfolio. Known as The Abnormal Beauty Company,... View Article -
Frasers to relaunch WIT Fitness with founders
Frasers Group has drafted in WIT Fitness’ original founders as it prepares to relaunch the gym and fitness specialist this summer in time to celebrate its 10-year anniversary.
The Sports Direct owner, which acquired the brand in January, said the return of Sam Kitching and Daniel Williams will “help restore the WIT brand and reconnect with the fitness community”.
To mark the milestone, Frasers Group said WIT “will return to its roots, focusing on creating experiences for -
Retail sales ‘mildly recover’ in May
The bank holiday weekends provided a small boost to retail sales in May, helping to offset a more challenging performance across the rest of the month.
The latest figures from the British Retail Consortium and KPMG show that total sales rose 0.7% in the four weeks to 25 May, compared to 3.9% in 2023.
Food sales increased 3.6% over the three months to May, against a growth of 9.5% last year.
Total non-food sales came under pressure once again as it dropped 2.4% over the quarter, steeper than the -
Lidl promotes ex-Tesco exec to marketing director
Lidl has promoted head of campaigns and media Joanna Gomer to its new marketing director.
Gomer’s joined the discounter in 2016 from Tesco and originally led on its strategic partnerships, which including its FA tie-up.
She will report to the grocer’s chief customer officer Peter de Roos and will be responsible for all marketing functions at the supermarket, including strategy and planning, campaigns and content, consumer communications and social media, creative and production, and -
Co-op unveils new partnership with Bonmarché
Co-op has unveiled a new partnership with Bonmarché with an outlet for the fashion brand in its new-look Louth store. The store has recently benefited from... View Article -
M&S launches week-long ‘Fun-raiser’ for Young Minds
M&S is launching a week-long fundraiser across 360 UK stores for Young Minds, the mental health charity for young people. The move aims to raise awareness... View Article -
Magnet to open first franchise store
Kitchen brand Magnet is to launch its first franchise store later this month as it looks to grow its presence across the UK. Due to open... View Article -
Joanna Gomer confirmed as Lidl GB marketing director
Lidl GB has confirmed that Joanna Gomer has been promoted to the position of marketing director. Previously serving as head of campaigns and media, Gomer joined... View Article -
Currys CEO: ‘We don’t care about cannibalisation’
Currys CEO Alex Baldock has declared that the electricals retailer is unconcerned about cannibalisation as it expands into new areas such as refurbished products, repairs and partnerships with tech businesses such as Microsoft.
Speaking at Shoptalk Europe 2024, Baldock revealed that staff at the electricals giant had shared concerns with him about its expanding online sales cannibalising store sales as well as refurbished products and repairs impacted sales of new products.
However, Baldock decl -
Zara snaps up former Debenhams unit at Glasgow’s Silverburn
Private equity real estate firm Henderson Park and the Eurofund Group real estate investment and development company have announced that Zara is to upsize to a... View Article -
Falling UK inflation not leading to rise in spending, report finds
via theguardian.comMay recorded the lowest spending growth since February 2021, Barclays’ snapshot of card activity showsConsumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said.The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending. Continue rea -
GameStop shares leap after Roaring Kitty claims large stake
via ft.comReddit account of Keith Gill suggests day trader holds shares and options worth $260mn in video games retailer -
What retail wants from the next government: Iceland, Co-op, and Pets at Home CEOs have their say
With just a month until the general election, political parties from across the spectrum start setting out their plans on how to reinvigorate the economy.
As the largest private sector employer, retail will rank high on the list. We ask a selection of the industry’s leaders what they want from the new government.
Iceland executive chairman Richard Walker“Over the past few months, I’ve been dedicating quality time to visit Iceland stores up and down the country to listen to the -
Why has Ocado crashed out of FTSE 100 – and what next?
Ocado is set to leave the FTSE 100 following a drop in its share price, piling further shareholder pressure on the business to consider ditching the London Stock Exchange for New York.
The grocery giant will exit the index during a quarterly reshuffle, after its valuation fell from a £22bn high in the pandemic to £3.1bn.
Shore Capital vice chairman Dr Clive Black brands the cataclysmic surge in the online grocery firm’s shares during Covid as “irrational” as shopper -
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
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