Pandora has raised its full-year revenue sales guidance after its first quarter beat expections, however, its UK sales dipped 1%.
The Danish jewellery giant posted 18% organic growth for its first quarter of 2024, with like-for-like sales up 11%, as it made progress on its strategy to change Pandora’s perception to that of a “full jewellery brand”.
Although its European and US businesses delivered 9% like-for-like growth, the UK was in negative territory, despite being “b
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Pandora ups guidance as sales sparkle, despite UK dip
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Sue Ryder: From Retailer of the Year to Grief Kind – An interview with Eddie and Bluebell on pride and progress
We talk to Eddie Hartley and Bluebell Valentine from Sue Ryder to learn more about the organisation’s journey to winning Retailer of the Year at the... View Article -
Medi Parry-Williams launches new venture in town and shopping centre regeneration
Medi Parry-Williams, who is based in Knutsford, Cheshire has launched her new business to support and reinvigorate our much-loved towns and shopping centres. Medi, who is... View Article -
Lightspeed integrates TheFork Manager for restaurants
Lightspeed Commerce the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, announced today its integration with TheFork Manager, a renowned reservation management platform.... View Article -
British Land sells stake in Sheffield’s Meadowhall shopping centre for £360m
via theguardian.comNorway’s sovereign wealth fund to take full control of the largest shopping centre in YorkshireBusiness live – latest updatesThe property developer British Land has sold its 50% stake in the Meadowhall shopping centre in Sheffield to Norway’s sovereign wealth fund in a £360m deal, ending its holding in the site after 25 years.Norges Bank Investment Management will take full control of the shopping centre, the largest in Yorkshire. It already owned 50%, having first invest -
Brand Machine Group appoint Jonathan Tillery as CPO
Brand Machine Group announces the appointment of Jonathan Tillery as its new Chief Product Officer. In this pivotal role, Tillery will report directly to CEO Boo... View Article -
Zuber Issa to acquire EG’s UK arm as group returns to profit
Zuber Issa is set to acquire the UK arm of EG Group as the Issa brothers interests continue to unwind.
The deal, which excludes the Cooplands bakery, some Starbucks stores, and EG’s electric vehicle charging business Evpoint, is set to be finalised by the end of next month.
EG Group said: “We are currently engaged in active discussions with Zuber Issa and his advisers regarding the sale of the retained UK business…with a view to announcing a binding agreement in the second qua -
Miniso to launch first store in Kent
Miniso is to open its first store in Kent at the Bluewater shopping centre. In a switch from the brand’s signature pink aesthetic, the shop on... View Article -
British Land sells stake in Meadowhall shopping centre after 25 years
British Land has sold its holding in Meadowhall shopping centre after 25 years as the group shifts its focus to retail parks.
The property giant sold its 50% stake in the Sheffield-based centre to its joint venture partner Norges Bank Investment Management for £360m.
The sale to the bank, alongside its £7m sale of some land by the joint venture earlier in the year, values the shopping centre’s estate at £734m.
British Land said the transaction is due to complete in J -
Victorian Plumbing acquires Victoria Plum
Victorian Plumbing has acquired rival online bathroom retailer Victoria Plum for £22.5 million. The deal has been financed through cash reserves with the purchase price representing.0.5... View Article -
New Look invests £3.3m to upgrade Greater Manchester store estate
New Look is to invest £3.3m into upgrading and improving its stores in Greater Manchester as it strengthens its commitment to its bricks-and-mortar portfolio.
The fashion retailer will initially trial several initiatives in its 20 stores in the area over the next 12 months to create a blueprints for further improvements across the rest of its estate.
The initiatives include improving store layouts and designs, upgrading technology and offering enhanced training to colleagues.
New Look said -
New Look to invest £3.3 million in upgrading 20 stores in Greater Manchester
New Look is to invest £3.3 million in upgrading and improving its stores in Greater Manchester. The fashion retailer has announced that it will be trialling... View Article -
Knoops expands leadership team with appointment of chief marketing officer
Knoops, the fast-growing chocolate drinks retailer, has expanded its senior leadership team with the appointment of Romy Miller as chief marketing officer. Miller previously worked as... View Article -
Victorian Plumbing acquires Victoria Plum for £22.5m
Victorian Plumbing has acquired online only UK bathroom retailer Victoria Plum as it looks to accelerate its growth.
The bathroom specialist snapped up its rival for £22.5m, which it said represents 0.5x the company’s estimated annual revenue and “reflects the significant strategic value of the Victoria Plum brand and its associated intellectual property”.
Victorian Plumbing said that “given that Victoria Plum has recently been through an administration and there is -
Next boss Lord Wolfson bags £4.5m pay packet
Next boss Lord Simon Wolfson pocketed £4.5m in pay last year as the retailer’s profits hit a record high of £918m.
The chief executive received a fixed pay of £908,000, with benefits of £36,000 and a £136,000 pension, The Mirror reported.
Wolfson’s remuneration included an annual bonus of £1.362m, a long-term incentive plan worth £2.072m and £6,000 in a share-save scheme.Subscribe to Retail Gazette for free
Sign up here to ge -
Aspida Capital acquires retail site in London’s Oxford Street
Aspida Capital, a family office specialising in investment and asset management in UK real estate, has purchased 105-109 Oxford Street in London for £18.5 million, in... View Article -
Waitrose announces first supermarket to have in-store Gail’s Bakery
Waitrose has announced that Canary Wharf will be its first supermarket to have an in-store Gail’s takeaway bakery. The news forms part of Waitrose’s commitment to... View Article -
Asda delivers continued growth in first quarter
Asda has seen its first quarter total revenues increase by 6.6% to £5.3 billion after like-for-like sales grew by 1.4%. The supermarket said the growth included... View Article -
Counterfeit goes cool: high-end brands urged to embrace rise of #dupe
via theguardian.comGen Z are flaunting their knockoffs and imitations – so experts say companies should play alongHigh-end brands should “lean in” and embrace the #dupe subculture that feeds off recommending duplicates or cheaper alternatives to luxury products, social media experts have advised.Dupes, knockoffs and brand imitators are not new: the first wave of beauty YouTubers were highlighting cheaper products as far back as 2010. But in the past, buying imitation goods was mostly done with th -
Morrisons lowers and locks prices of over 400 products
Morrisons has reduced the price of over 400 food and household cleaning items and has committed to keeping them at the same level for at least... View Article -
UK supermarkets in talks about joining forces for Fairtrade products
via ft.comBananas, coffee and cocoa could be collectively bought after watchdog indicated it would not challenge anti-competitive behaviour -
Morrisons slashes costs of 400 products under summer price lock
Morrisons has cut the price of more than 400 food and household cleaning products as it commits to lock the costs for at least eight weeks.
The supermarket chain said its latest round of discounted products, most of which are available online, would “continue to help customers make their money go further” as they prepare for the summer months.
Dinner time staples including the retailer’s breaded frozen cod fillets, fries, red kidney beans and fajita kits have been reduced by up -
Amazon faces investor pressure over AI risks
Amazon has faced calls from investor Abrdn to step up monitoring its use of AI ahead of the retail and tech giant’s AGM this week.
Abrdn, one of the UK’s biggest fund managers that has a £1bn stake in the online retailer, has urged it to set up a committee of independent directors to deal with the impact of its AI usage on human rights
The investor is concerned about the risk of scandals or oversights at Amazon hitting its investment, according to The Sunday Times.
Previously, -
M&S apologises after website and app outage
M&S is the latest major retailer to experience an online outage as both its website and app went down for several hours on Saturday.
Shoppers on its website were met with a message that read “you can’t shop with us right now”.
The retailer told Sky News that its website was down from “early afternoon” on Saturday but was up and running again by 6pm.
A M&S spokesperson said: “A third party service provider experienced a technical issue which temporarily -
Morrisons sued by French giant over £2.5bn petrol forecourts deal
Morrisons is being sued by a subsidiary of French giant Bouygues, over its £2.5bn deal to sell its petrol forecourts.
In the wake of the sale, the supermarket abandoned a EV charging agreement it had signed in 2019 with Equans EV Solutions, which is owned by the French conglomerate, which gave it exclusive rights to install chargers at 273 of its forecourts.
The firm is now seeking to block the £2.5bn forecourts disposal as it sues Morrisons for alleged breach of contract, reports Th -
‘Is this what people wear now?’ Sewing Bee host criticises M&S jumpers and socks
via theguardian.comPatrick Grant says rise of low-cost retailers means new clothes ‘haven’t got cheaper, they’ve just got worse’While filming The Great British Sewing Bee, the presenter and clothing entrepreneur Patrick Grant found himself in need of a pair of black socks.The production team bought a pair from the Marks & Spencer shop close to where the popular BBC show was being filmed. Grant said: “They went to everybody’s favourite high street store, that used to sell on -
UK’s garden centres hope sunshine and Chelsea flower show will help them rebound from the rain
via theguardian.comA cold, damp spring depressed plant sales in the UK, but help is at hand from the ‘Glastonbury festival of the gardening world’The sixth-wettest April on record has not been kind to Britain’s gardens or its 1,600 garden centres.So far this year, with most of the key selling season over, garden centre sales are up just 2% on last year and down 11% on 2022, after the sodden spring depressed sales of shrubs, trees, bedding plants and seeds. Continue reading... -
Asda sales boosted as George ‘outperformed’ the market
Asda saw sales rise in its first quarter results as it claimed its clothing business outperformed the fashion and homewares markets during the period.
The grocery giant’s total sales excluding fuel were up 6.6% to £5.3bn for the period ended 31 March, while like-for-like revenues nudged up 1.4%.
Grocery sales rose 1.3% on a like-for-like basis, which it attributed to its continued investment in enhancing the value and quality of its food offering.
The retailer’s fashion arm, Ge -
Ebay returns to Love Island as headline sponsor
Ebay UK is returning as the headline sponsor of Love Island’s latest season, marking its fifth consecutive series in partnership with ITV.
The online marketplace’s pre-loved style director Amy Bannerman will once again source fashion from the platform alongside the Love Island styling team under the tie-up, with a curated selection of pre-loved clothing, authenticated sneakers and garments from eBay’s Imperfects range being brought to the villa wardrobe.
Fans of the popular rea -
GameStop to sell up to 45mn new shares after latest ‘meme stock’ rally
via ft.comVideo games store operator announces preliminary results showing expectations for a further drop in net sales
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