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New leasing directors appointed for Victoria Leeds and The Liberty Romford
Shopping centre owner and operator Redical has appointed Rachel Bradburn as leasing director for Victoria Leeds and Oliver Lloyd to the same role for The Liberty... View Article -
B&M to open in ex-Wilko Manchester Arndale store
B&M is set to open a new 30,000sq ft store in Manchester’s Arndale centre later this year.
The discount retailer will take over the unit previously occupied by Wilko, which closed last October when it fell into administration.
The city centre store is notable for B&M, which generally trades from retail park locations. Consumers will be able to shop the retailer’s comprehensive range of home goods, groceries and electronics, alongside its seasonal lines at the store.Subscribe -
Walmart issues rosy outlook as bargain-hunting shoppers continue to spend
via ft.comUpgraded guidance follows forecast-beating results that included a 6% increase in first-quarter revenues -
Asos to launch in India as it signs licensing agreement
Asos is set to launch online and in-store in India as it signs a new licensing agreement with local retail company Reliance Retail.
The fashion etailer said the long-term partnership will see Reliance Retail be the exclusive partner for the brand across all online and offline channels in the region.
This includes the introduction of Asos’ portfolio of own-brand fashion labels to the Indian market through a multichannel presence, such as exclusive brand stores, multi-brand store expressions -
Retail’s low understanding of how to embed AI could be costly
Leading Tech Expert At Kurt Geiger Shares Insights On AI Opportunities And Challenges Low understanding amongst UK retailers about integrating AI could limit the effectiveness of... View Article -
Miniso profits boosted by global store expansion
Miniso delivered a record first quarter as profits and sales skyrocketed thanks to its ongoing global store expansion.
Operating profits for the Chinese lifestyle retailer surged 29% to £81.2m ($102.9m) in the quarter to 31 March.
Sales rose 26% to £406.9m ($515.7m), with revenue from overseas markets representing 32.8% of total figures.
Miniso reported its overseas revenue soared 52.6% to £133.5m ($169.2m), which it attributed to a near 20% rise in average store count in the r -
Superdrug to open 25 new stores this year in major retail expansion
Superdrug has kicked off a major investment into its bricks-and-mortar portfolio, with plans to open 25 new locations and refit 60 existing stores this year as it celebrates its 60th year on the high street.
The health and beauty retailer is enhancing the physical shopping experience for customers with “bigger and better store formats in prime retail destinations”.
The expanding store estate is expected to create over 500 jobs nationwide, boosting the UK’s high streets and loca -
Superdrug to open 25 new stores this year
Health and beauty retailer Superdrug is to open 25 new stores in 2024 as it celebrates its 60th year on the UK high street. The expansion... View Article -
Asda launches ‘Support UK’ section on website
Asda has joined its supermarket rivals in launching a page on its website promoting British produce to encourage customers to support local suppliers.
The ‘Support UK’ page will be updated regularly to showcase items sourced from British farms and producers, such as fruit, vegetables, poultry, dairy and herbs.
Asda chief commercial officer for food Kris Comerford told The Grocer: “We know our customers are conscious of where their food comes from, and many seek out homegrown pr -
Currys transforms 65 stores to ‘enhance customer experience’
Currys is making improvements to a host of its sites across the UK and Ireland, as it continues to invest in stores.
The electrical retailer will see 65 of its stores have 90% of their existing space revamped, designed to make them more navigable for shoppers with enhanced layouts, enabling them to display a wider range of its latest tech.
Currys’ Aberdeen Garthdee, Bristol Winterstoke and Grantham stores are the first shops to undergo the changes, with the revamp set to continue throughou -
Waitrose to open first in-store Gail’s bakery next month
Waitrose is set to open its first in-store Gail’s Bakery in a move aimed at “enhancing and improving” its experience for customers.
Due to open on 6 June, the launch comes a year after the premium grocer first introduced dedicated Gail’s bakery areas within 64 of its stores.
Built in Gail’s traditional style, shoppers at Waitrose’s east London Canary Wharf branch will soon be able to order fresh goods and drinks prepared on site at the 280 sq ft cafe, alongsid -
BookTok made me buy it: How TikTok is driving a book-buying renaissance
TikTok is often associated with viral dances, seductive cooking videos and travel vlogs, but it’s also quickly become the go-to destination for all things books.
Dubbed BookTok, the online community has revived people’s interest across a range of genres, and led to a book-buying renaissance.
It’s the largest community on TikTok, with over 243bn views under #booktok as users share their excitement for their favourite novels.
GlobalData associate analyst Jamel Boughedda expl -
Watches of Switzerland “cautiously optimistic” about new financial year
Watches of Switzerland Group has seen its fourth quarter revenue increase by 3% to £380 million, or by 4% at constant currency, following strong demand for... View Article -
Watches of Switzerland UK sales impacted by ‘minimal return’ of tourist spending
Watches of Switzerland is “cautiously optimistic” about trading over the next financial year as the jewellery retailer posts modest growth.
Over the 13 weeks to the end of April, the luxury business saw a 4% rise in group revenue to £380m.
Sales in the US grew 6% to £846m, but sales in the UK and Europe dropped 5% to £846m “impacted by macroeconomic conditions in the UK”.
The retailer noted the impact of the tourist tax, highlighting that UK perform -
M&S partners with recycling tech firm to track plastic packaging
M&S is collaborating with a recycling technology firm to track the journey of its drinks bottles, cartons, and other plastic packaging.The Polytag system applies an invisible tag onto containers, which can be detected by electronic readers at recycling centers.
Items with these tags will start appearing on shelves within the next three months, the Guardian reports.
Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning V -
Temu hit with legal action over ‘manipulative practices’
Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” and a lack of transparency.
According to the consumer group BEUC, the Chinese online retailer is accused of “failing to protect consumers” and employing manipulative practices that are illegal under recent EU legislation, Sky News reports.
Temu only launched in 2022, but has rapidly become one of the most popular online marketplaces in the world.
Back in March, -
Temu hit with lawsuit over ‘manipulative practices’
Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” and a lack of transparency.
According to the consumer group BEUC, the Chinese online retailer is accused of “failing to protect consumers” and employing manipulative practices that are illegal under recent EU legislation, Sky News reports.
Temu only launched in 2022, but has rapidly become one of the most popular online marketplaces in the world.
Back in March, -
Lidl revamps loyalty app with new weekly rotating discounts
Lidl has revamped its loyalty scheme, introducing new weekly rotating discounts for members on a selection of products.
The new Lidl Plus Offers stand alongside the German discounter’s existing ‘coupons’ that give shoppers personalised discounts on a regularly changing selection of products tailored for them.
The Grocer reports that unlike the coupons, the Lidl Plus Offers are not personalised; they are simply exclusive additional discounts available to all loyalty scheme membe -
Lidl revamps loyalty app with new weekly discounts
Lidl has revamped its loyalty scheme, introducing new weekly rotating discounts for members on a selection of products.
The new Lidl Plus Offers stand alongside the German discounter’s existing ‘coupons’ that give shoppers personalised discounts on a regularly changing selection of products tailored for them.
The Grocer reports that unlike the coupons, the Lidl Plus Offers are not personalised but simply exclusive additional discounts available to all loyalty scheme members.Sub -
Primark unveils new and upsized store at Metrocentre
Primark has unveiled its new and upsized store at Gateshead’s Metrocentre. With the addition of 14,100 square feet on the ground floor, the shop now spans... View Article -
Dirtea appoints former Huel COO as chief executive
Functional mushroom brand Dirtea has appointed Grant Coetzee as its new chief executive. Possessing extensive experience in building global brands and consumer businesses, he previously worked... View Article -
T.M. Lewin launches international shipping
Menswear brand T.M. Lewin is expanding its customer base with the launch of international shipping. The brand will now be catering to customers in Australia and... View Article -
Will Shein revive London’s stock market?
via ft.comPlus, more companies withdraw UK job offers over new visa rules -
Sharp rise in cost of British lamb in UK due to rising demand and import issues
via theguardian.comCold and wet weather also thought to have led to more lambs dying in early season, as Morrison drops 100% British lamb pledgeThe price of British lamb has hit an all-time high as cold weather and disease in the UK and difficulties with imports have combined with a surge in demand.Wholesale prices have soared by more than 40% year-on-year to more than £8.50 a kg , while the amount of lamb expected to be produced in the UK this year is forecast to shrink by 1.4%, according to the Agriculture -
M&S teams up with recycling tech group to trace plastic packaging
via theguardian.comPolytag system prints invisible tag on to containers, which can be picked up by readers located at recycling centresMarks & Spencer is teaming up with a recycling technology group to enable the retailer to trace what happens to its drinks bottles, cartons and other plastic packaging.The Polytag system prints an invisible tag on to containers, which can be picked up by electronic readers located at recycling centres. Continue reading... -
[Lightspeed] How To Win Customers Over With Fast and Free Shipping
The same day delivery market in the UK is booming. It shouldn’t come as any surprise either. People shop online for convenience and same day, or... View Article -
How To Win Customers Over With Fast and Free Shipping
The same day delivery market in the UK is booming. It shouldn’t come as any surprise either. People shop online for convenience and same day, or... View Article -
Natura & Co eyes ‘potential separation’ of Avon as losses widen
Natura & Co confirmed it is exploring a “potential separation” of its Avon brand after reporting widening losses for another consecutive quarter.
Net losses for the former Body Shop owner widened 43.3% to £143.6m (BRL934.9m) in the first quarter, compared to the £100m (BRL652m) loss the year before.
Sales dropped 5.7% to £937.73m (BRL6.1bn), which it attributed to a tough quarter for beauty brand Avon.Subscribe to Retail Gazette for free
Sign up here -
eBay simplifies shopping with new ‘click-to-resell’ feature
Ebay has launched a new ‘resell on eBay’ feature, allowing users to list their clothing online with “just a few clicks of a button”.
The marketplace giant said the feature has been designed to transform the way consumers can resell their pre-loved fashion items and deliver brands a new way to participate in the circular fashion economy.
The feature will be built into Certilogo’s Secure by Design digital ID, accessible by scanning a connected product’s smart la -
Burberry profits slump by 40% as demand for luxury goods slows
via theguardian.comBritish fashion retailer hit by drop in sales in Asia and Americas, and expects challenging first half of 2025Business live – latest updatesBurberry’s profits have slumped by 40% in a year amid a wider slowdown in demand for luxury goods that has pushed down sales in Asia and the Americas.The high-end UK fashion retailer posted a pre-tax profit of £383m for the year up to 30 March in its preliminary results on Wednesday, a 40% drop on the £634m in the previous 12 months.
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