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Trouva acquired by Fy!
Trouva has changed hands for the third time in two years after being acquired by Fy!, the AI-enabled marketplace specialising in home and living. In a... View Article -
Mulberry sales dip amid weak luxury demand
Mulberry saw full-year sales fall amid “challenging” macro-economic conditions and decline in luxury consumer spending, particularly during the last quarter.
The fashion retailer’s revenue dropped 4% compared to the previous year, for the year ended 30 March.
The business highlighted losses for the year would be hit by the additional operational costs of its new stores in Sweden and Australia, along with ongoing investments, including technology to support the group’s fut -
Tesco hires former Amazon and Pinterest execs to grow retail media offer
Tesco has made two big hires from Amazon and Pinterest to boost its retail media offer.
Amazon head of UK agency development Steve Edwards will join the Tesco Media and Insight team in the newly established position of head of agency.
The group said he will draw on this experience “to develop and cement partnerships with agencies” looking to harness the power of retail media to deliver value for its clients.
In his nine years at Amazon, Edwards has fulfilled a variety of other key ro -
Mulberry sales hit by luxury downturn
Mulberry has announced that its full year group revenue has declined by 4% due to consumers cutting back on luxury spending. In a year-end trading update... View Article -
Aldi calls on the public to identify new UK store locations
Aldi has launched a new nationwide initiative to pinpoint prime locations for new store openings and is calling on the public to help.
The German discounter has asked Brits to identify which areas across the UK need a new Aldi store, with suggestions to be submitted by 31 May.
The areas with the most suggestions will then be considered as prime locations as the grocer looks to build hundreds of new stores across Britain.
The ‘Next New Store’ initiative comes just a month after the su -
Wickes maintains full year profit guidance despite drop in sales
Home improvement retailer Wickes has maintained its full year profit guidance despite it posting a 4.2% decrease in like-for-like sales in the first 16 weeks. Retail... View Article -
Wickes backs profit outlook despite drop in sales
Wickes has backed its full-year profit guidance despite warning trading remains “uncertain” as it posted a drop in first quarter sales.
Group like-for-likes for the home improvement retailer fell 4.2% in the 16 weeks to 20 April.
Retail sales edged up 0.6% during the period, which the retailer said was driven by volume with an increased number of transactions as selling prices saw “mild deflation”.
Wickes said the start of the year has seen a “continuation of t -
Enhancing Retail Management with Payrow’s FinTech Solutions: A Case Study from the Beauty Sector
Aleksei Glukhov, founder and product owner of the FinTech company Payrow British retail and e-commerce are undergoing significant transformations driven by advancements in financial technology (FinTech).... View Article -
Next maintains guidance as first-quarter sales rise
Next has maintained its guidance for the year as first quarter sales came in ahead of forecasts helping to offset what it expects will be a weaker second quarter.
The fashion and home retailer reported full price sales rose 5.7% in the thirteen weeks to 27 April, slightly ahead of its 5% forecast.
Online sales jumped 8.8% during the period, while retail sales remained flat.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning&nb -
Next maintains guidance as first quarter sales beat expectations
Next has maintained its guidance for the year as first quarter sales came in ahead of forecast, helping to offset what it expects will be a weaker second quarter.
The fashion and home retailer reported full price sales rose 5.7% in the thirteen weeks to 27 April, slightly ahead of its 5% forecast.
Online sales jumped 8.8% during the period, while retail sales remained flat.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning&nb -
Next first quarter sales come in ahead of expectations
Next has announced that its full price sales have come in ahead of guidance in the 13 weeks to 27 April with a 5.7% increase year-on-year.... View Article -
Amazon profits triple boosted by AI and advertising spend
Amazon first quarter profits have more than tripled driven by rising demand for artificial intelligence helping to bolster sales growth in its cloud computing division.
Profits for the online retail giant rocketed to £8.3bn ($10.4bn) in the three months to 31 March 2024, up from £2.6bn ($3.2bn) last year.
Sales jumped 13% to £114.8bn ($143.3bn), with international sales up 10% to £25.6bn ($31.9bn).
Amazon said it delivered to Prime members at its fastest speeds ever durin -
Amazon profits more than triple boosted by AI and advertising spend
Amazon first quarter profits have more than tripled driven by rising demand for artificial intelligence helping to bolster sales growth in its cloud computing division.
Profits for the online retail giant rocketed to £8.3bn ($10.4bn) in the three months to 31 March 2024, up from £2.6bn ($3.2bn) last year.
Sales jumped 13% to £114.8bn ($143.3bn), with international sales up 10% to £25.6bn ($31.9bn).
Amazon said it delivered to Prime members at its fastest speeds ever durin -
Space NK chooses Trafford Centre for second location in Manchester
Space NK is to open a second location in Manchester at Trafford Centre this summer. The 2,400 square foot shop on Lower Peel Avenue will feature... View Article -
Deichmann to open first store in Northern Ireland
Footwear retailer Deichmann will be opening its first store in Northern Ireland this weekend. The 784 square metre shop will launch at Belfast’s The Keep in... View Article -
Brompton electric bike needs costly £500 repair
via theguardian.comI bought it for just under £3,000, and it developed a fault just before the warranty expiredIn October I bought an electric Brompton bicycle for just under £3,000. Initially all was well but about three months before the two-year warranty expired, it started suffering intermittent power problems.It would work on the electric assist, and then wouldn’t. I stopped using it as a result. Continue reading... -
Tesco Media & Insight Platform makes two key appointments to drive growth with agencies
The Tesco Media & Insight Platform has made two key appointments to support growing demand from agencies for the delivery of retail media campaigns. Currently head... View Article -
Amazon cloud sales growth accelerates as it prepares for more AI spending
via ft.comEcommerce company’s operating income more than triples as Amazon Web Services and adverts provide boosts -
Amazon cloud sales growth accelerates as group prepares for more AI spending
via ft.comEcommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boost -
Amazon’s strong cloud sales help power revenue gains
via ft.comEcommerce company’s shares make modest gains after earnings report -
Card Factory CEO on his growth ambitions for 2024
Card Factory boss Darcy Willson-Rymer is gunning for another year of growth as the business looks to expand its product ranges, partnerships, and store estate.
The greetings card retailer today unveiled a 25% jump in pre-tax profits to £65.6m over its last year, which the retail boss says came despite customers still feeling the pinch.
“We’re hearing two main things from customers: the first one is that the financial pinch is still here and they’re still having to make tr -
Pets at Home branches into convenience with two new corner shops
Pets at Home has opened two new convenience stores in Sutton and Whetstone, as it branches out from its typical retail park sites.
The new shops, which launch as the retailer boosts its presence on London’s high streets, will sell a range of pet owner essentials and offer an advice counter for customers.
Both stores are located at the base of residential buildings in the capital with limited parking spaces.
The shops measured roughly 5,000sq ft, making them far smaller their usual unit siz -
JD Sports rolls out tagging sprays nationwide in shoplifting crackdown
JD Sports is introducing tagging sprays across its stores nationwide as it ramps up security measures amid the recent surge in shoplifting.
The sports retailer has partnered with forensic security company SelectaDNA to roll out the marking system.
The tagging sprays work by leaving a synthetic DNA and a UV marker on property and criminals, which can then be used to link assets to owners and criminals to crime scenes.
JD Sports said the measure will help to tackle the rise of “steaming&rdqu -
JD Sports rolls out forensic tagging sprays in shoplifting crackdown
JD Sports is introducing tagging sprays across its stores nationwide as it ramps up security measures amid the recent surge in shoplifting.
The sports retailer has partnered with forensic security company SelectaDNA to roll out the marking system.
The tagging sprays work by leaving a synthetic DNA and a UV marker on property and criminals, which can then be used to link assets to owners and criminals to crime scenes.
JD Sports said the measure will help to tackle the rise of “steaming&rdqu -
Space NK owner appoints bankers as it eyes sale
Space NK owner Manzanita Capita has hired bankers to handle the sale of the beauty chain, which is expected to fetch more than £300m.
The private equity firm has picked Raymond James to oversee an auction later this year, Sky News reported.
Manzanita is understood to have not yet made a firm decision on the timing of the sale of premium beauty retailer.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning The firm, wh -
The Range to open click-and-collect truck as it sponsors Motocross GP
The Range and Wilko owner CDS Superstores has been named as a sponsor for this year’s Motocross GP festival, and the two discount chains will open a click-and-collect truck at the event.
CDS said its founder and chair Chris Dawson is not only a seasoned Mx-rider but a lifelong devotee of motocross and his deep-rooted passion for the sport fuelled the partnership.
Motocross fans will be able to browse and shop the an extensive ‘MX event ready’ collection online and choose t -
Screwfix invests £1m into expanding its refurbishment programme
Screwfix is investing £1m into doubling its refurbishment operations as part of its commitment to keep products in use for longer.
Refurb by Screwfix will now include high value non-electrical items and water-based products such as pressure washers, showers, and taps, on top of its existing offer of electrical tools.
The initiative launched online at the start of 2022 and reached £2m in sales last year.Subscribe to Retail Gazette for free
Sign up here to get the latest new -
L’Occitane unveils privatisation offer from billionaire owner
L’Occitane is set to become a private business, after receiving a privatisation offer from controlling shareholder, L’Occitane Groupe.
The retailer’s majority shareholder and chair Reinold Geiger said it had secured funding from Blackstone and Goldman Sachs for a £1.43bn take-private transaction yesterday.
The offer values the beauty and skincare company, that has been listed on the Hong Kong stock exchange since 2010, at £5.12bn, and looks to allow its current mana -
[ EVENT ] 12th annual CX Retail UK Exchange
After a year of unprecedented challenges and transformations in the retail industry, it’s more important than ever to come together as a community to explore the... View Article -
Retail Tech Trends: How emerging technologies shape the future of retail, from Augmented Reality to AI
The retail industry is undergoing a rapid digital transformation, with emerging technologies playing a crucial role in shaping the future of shopping experiences. As consumers increasingly... View Article
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