// Tesco AGM sees shareholders block pay deal for its senior directors
// The deal included a £6.4m pay packet for outgoing CEO Dave Lewis
// Lewis will be replaced by Ken Murphy at the end of SeptemberTesco shareholders have revolted to vote down the supermarket’s pay deal for directors, including its £6.4 million pay packet for outgoing chief executive Dave Lewis.
The Big 4 retailer said that just over two-thirds of votes, 67.3 per cent, at its AGM today were cast against its
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Tesco shareholders reject £6.4m golden handshake for outgoing CEO
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One in three Asda staff have been attacked at work, survey finds
via theguardian.comGMB poll receives reports of workers being stabbed, punched and threatened with syringesOne in three Asda staff have been attacked at work, according to research that included reports of workers being stabbed, punched and threatened with syringes.The poll of almost 1,000 members of GMB, one of the UK’s biggest unions, returned stories of delivery drivers being chased by people in cars, while store workers had food thrown at them. More than half (58%) of respondents said they had suffered i -
In pictures: Miniso opens first-ever blue store at Bluewater Shopping centre
Miniso has ditched its signature pink branding as it opens its first-ever blue store inside Bluewater Shopping Centre in Kent.
The 2,000 sq ft blue store, inspired by the popular Sanrio Cinnamoroll character, stocks the retailer’s best-sellers, such as its blind boxes, plushies, affordable homewares and accessories.It is among the few UK stores to feature the retailer’s beauty and self-care range, including face masks, hand creams, and lip masks.
The gifting retailer said it had -
Announcing the 2024 People in Retail Awards Finalists
The Retail Bulletin is delighted to announce the highly anticipated shortlist for the prestigious People in Retail Awards (PIRA) 2024. Now in its second year, the... View Article -
Watch: Sports Direct kicks off ‘Football Fever Starts Here’ Euros campaign
Sports Direct has launched its 2024 summer campaign, dubbed ‘Football Fever Starts Here’, featuring some of Europe’s biggest football stars, including Conor Gallagher, Jordan Pickford, Rúben Dias and Ian Wright.
The retailer’s advert shows footballers uniting to tell the story of what happens when football fever arrives in a local town.
The campaign captures the tournament’s ability to bring together a nation to get behind their team and forget their differen -
White Stuff launches in the US as it looks to double the size of its wholesale business
Lifestyle fashion brand White Stuff is launching in the US this summer as it accelerates its international expansion through its growing wholesale business. Shoppers in the... View Article -
Greggs invests in new state-of-the-art frozen manufacturing and logistics site to support growth
Greggs is to open a new state-of-the-art frozen production and logistics facility in Derby. Expected to launch in late 2026, it will be situated on a... View Article -
White Stuff launches across the pond in a bid to double wholesale business
White Stuff is launching stores across the US this summer, as it ramps up its international expansion plans through its growing wholesale business.
Starting this month, customers in seven states will be able to shop from a specially curated collection of women’s clothing from the retailer.
Around 18 small and medium sized independent US retailers will house White Stuff’s designs, which it says will give it the opportunity to test and learn, as it seeks to grow its product offering to -
Greggs to open new Derby frozen production and logistics warehouse
Greggs is building a new frozen production and logistics facility in Derby, Derbyshire, to support its target of more than 3,000 stores nationwide.
The 23-acre centre at SmartParc SEGRO Derby will create up to 600 jobs and is expected to be fully operational by 2026.
The purpose-built facility will provide additional manufacturing capacity for products, including new sweet and savoury production lines, as well as logistics for frozen storage.
Greggs has partnered with logistics automation firm S -
Why EV charging hubs are a prime opportunity for the retail sector
Charging hubs for electric vehicles (EVs) are set to become a familiar sight across the UK as more drivers switch to EV. Elizabeth Warren, Interim Director... View Article -
Review: Future of the High Street
It has been a rollercoaster of a ride for the high street since Covid-19 hit these shores with the long-term impact being an upgrade in the... View Article -
Commerce Fusion, the first event of its kind, dedicated exclusively to operational eCommerce!
Commerce Fusion is not just an event; it’s the place of innovation for eCommerce operations. With over 200+ retailers converging on the iconic Ministry of Sound... View Article -
Top THG investor joins calls to oust chairman
A top shareholder at THG has joined a host of activist investors in calling for the removal of its chairman Charles Allen.
Ophorst Van Marwijk Kooy Vermogensbeheer, the Dutch investment firm and THG’s tenth-largest owner with a 1.89% stake, said it would be joining activist investor Kelso in voting against Allen’s re-election, The Times reported.
Kelso, the investment fund which owns 0.55%, has been pushing for Allen’s axing as it claims he is to blame for a “lack of -
New West End Company launches manifesto for growth ahead of General Election
New West End Company has launched a manifesto ahead of the General Election as it looks to highlight a range of policy priorities and recommendations for... View Article -
M&S Oxford Street store redevelopment faces election delay
M&S will have to wait for a decision on its London flagship demolition plans following a fresh delay triggered by the General Election.
The high street giant wants to demolish and rebuild its Oxford Street store, but the election on 4 July means the decision may not happen for months until a new government forms, This is Money reported.
The news comes as the newspaper reports that Michael Gove’s Department for Levelling Up, Housing, and Communities spent £141,000 on legal fees in -
Pets at Home support team roles at risk amid restructuring
Pets at Home has entered a consultation process over several positions within its support team due to a slowdown in ecommerce post-pandemic.
The pet specialist is currently consulting with several employees about proposed reductions to its support team.
The changes will affect fewer than 100 positions, and those impacted have been notified that their roles are under review.
According to Retail Week, Pets at Home increased its online support staff during the pandemic to meet higher demand but as -
Alo Yoga to join line-up at Covent Garden
Alo Yoga, the luxury activewear brand, is to open a new 5,000 square foot store in London’s Covent Garden. The anchor unit at the junction of... View Article -
Boots halts IPO plans as sale talks continue
Boots’ owner has postponed plans for a potential IPO of the British health and beauty giant amid ongoing sales talks.
Walgreens Boots Alliance (WBA) is currently considering alternative options for the retailer and has engaged in informal talks with potential buyers, including private equity firms over the past few weeks, Bloomberg News reported.
Citing people close to the matter, the title said deliberations are ongoing and Walgreens has made no final decisions on its future ownership of -
Zuber Issa sells Asda stake to TDR Capital
Zuber Issa, who owns Asda alongside his brother Mohsin, has agreed to sell his stake in the supermarket to co-owner TDR Capital. The move means that... View Article -
Waitrose acquires Dishpatch meal kit delivery service
Waitrose has acquired Dishpatch, a meal kit delivery service that offers restaurant-quality home dining in collaboration with some of the UK’s leading chefs. Founded in 2020,... View Article -
Labour to overhaul business rates system and stamp down on shop worker violence
Labour has vowed to overhaul the business rates system in a bid to revitalise the high street, if it wins the general election.
The party said it would replace the current system with a new one that will “level the playing field between the high street and online giants”. However, it did not go into detail about what the new system will entail.
Labour leader Sir Keir Starmer said that “hard-working small businesses have been held back” by the current system and criticised -
Stop Shein listing on the FTSE, workers’ rights campaigners urge
via theguardian.comGroups issue call to next government amid criticism of online fashion retailer’s labour practices and accusations of copyingWorkers rights campaigners have called for the UK’s next government to oppose the online fashion business Shein joining the FTSE, arguing a London listing would be “yet another betrayal to working people everywhere and the planet.”Alena Ivanova, campaigns lead at Labour Behind the Label, said it had heard the news of senior British politicians courti -
Shein to miss out on FTSE 100 as British Fashion Council hits out at planned IPO
Shein will miss out on a place on London’s FTSE 100 as the soon-to-list fashion retailer will not sell enough shares to qualify.
Companies need to have a minimum free float of 25% to be included in the FTSE index, and city sources told The Sunday Times that the fast fashion behemoth will not sell enough shares.
The fashion giant, which was valued at $66bn (£52bn) in its latest round of fundraising, was on track to have become one of the ten largest companies in the FTSE 100 when -
Asda’s next CEO could receive £10m pay package
Asda’s Mohsin Issa could offer the supermarket’s new chief executive a pay package worth up to £10m as the billionaire races to find someone to lead the business.
In a bid to wrap up the search for a new boss, a lucrative package ranging from £8m to £10m has been proposed, city sources told the Telegraph.
Since 2021, Issa, the minority owner of the grocery chain, has been overseeing the business following Roger Burnley’s early departure due to a strategic disa -
Scarcity of organic cows puts pressure on UK milk supplies, warn experts
via ft.comConsumer demand for more expensive milk returns as cost of living pressures ease -
Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake
via theguardian.comUnion warns of risks to shoppers and staff after sale of younger brother’s 22.5% supermarket stake to private equity co-owner TDR CapitalBusiness live – latest updatesThe billionaire brothers who part-own Asda are separating their main business interests, with Zuber Issa selling his shares in the supermarket to the private equity firm TDR Capital.Zuber owned 22.5% of the Leeds-based grocery chain after a £6.8bn takeover alongside his older brother Mohsin and TDR three years ago -
How independent retailer Philip Morris & Son is bucking Highstreet trends
It’s an ongoing battle that we hear about a lot; the highstreet retail landscape is facing significant upheaval. Numerous household brands are closing their doors, including... View Article -
4.26m UK households have less than 10% of the budget needed to eat healthily
New data has revealed that up to 4.26 million households across the UK have less than £20 per person per month to spend on food, which... View Article -
Victoria Leeds kicks off their first fashion week in style with a sellout runway show
The launch of Victoria Leeds’ first Fashion Week was a grand spectacle, attracting a host of fashionistas and VIP guests to the historic Victoria Quarter. Set... View Article -
[Responsible Business] Labour’s employment law reforms
Labour’s Employment Law Reforms: What Employers in Retail, Leisure, and Hospitality Need to Know From Charlotte Rees-John Labour’s potential victory in the general election in July... View Article
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