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Walmart brings early holiday cheer with higher profit outlook
via ft.comResilience of US business helps offset weakness in some overseas markets -
Marks & Spencer announces major store expansion at Fosse Park
Marks & Spencer is to expand its store at Fosse Park by taking an adjacent vacant unit. The retailer will be increasing the size of the... View Article -
Leon launches frozen range into Morrisons as it increases its grocery distribution by 36%
Leon Grocery is to launch a gluten-free frozen range into Morrisons later this month. The naturally fast food brand will be introducing its GFC Nuggets, Waffle... View Article -
Fraud rife on secondhand marketplaces Depop, Preloved, and Shpock
via theguardian.comSurvey of 1,300 buyers found 32% scammed on secondhand marketplace in two years, highlighting scale of APP fraudChinese network behind one of world’s ‘largest online scams’Consumers have been encouraged to be vigilant when shopping online after research showed fraud was rife on secondhand marketplaces, with Depop, Shpock and Preloved named the worst sites, and problems also discovered with industry giants Amazon and eBay.A survey of 1,300 buyers by Which?, the consumer champion -
M&S makes ‘biggest single’ store revamp investment at Fosse Park
M&S is set to make its “biggest single renewal investment to date” as it expands its Fosse Park store in Leicestershire.
The fashion and food retailer will increase its store size by 11,500 sq ft to 100,000 sq ft at the retail park, which is owned by The Crown Estate, as it moves into the vacant unit adjacent to its current store.
The larger format site will sell an expanded product range across food, clothing, homewares, and beauty.
Work is currently underway at the site and is -
Frasers Group closes in on Ted Baker deal
Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker.
According to Sky News, the retail giant is set to be named the preferred partner for the retailer’s UK business following the collapse of its existing licensing partner No Ordinary Designer Label (NODL).
Industry sources said that Frasers and NODL’s administrators hoped to reach a deal in the coming days.Subscribe to Retail Gazette for free
Sign up here to get the -
The Body Shop could lose B Corp status following complaints
The Body Shop is at risk of losing its B Corp status, which it was first granted while under its previous owner Nature &Co.
The ethical beauty retailer was awarded its certification in 2019, making it one of the biggest global B Corps and the biggest beauty chain with a B Corp rating outside Latin America, according to Retail Week.
Speaking to the publication, a B Lab spokesperson, which assesses businesses seeking B Corp certification and monitors complaints on its members, said The B -
‘It’s the brand speaking to you’: the scent firms making smells for Subway, Abercrombie and more
via theguardian.comAs brick-and-mortar retail stores compete with e-commerce, chains are spending heavily to immerse customers in bespoke fragrancesWhen Dallas Pratt worked at an outpost of Aesop in an outdoor shopping mall outside Chicago, one of her and her co-workers’ favorite ways of drawing in new customers was making a concoction they called “sidewalk tea”. They would put a few drops of scented lotion in a cup of hot water, and then they would pour it onto the slab of concrete outside the s -
UK retail billionaire Mike Ashley ups private jet and helicopter spending
via ft.comFilings reveal £2.6mn of travel in Frasers Group jet and helicopter in last financial year -
ProCook appoints Claire Tait as marketing director
ProCook has appointed former Joules executive Claire Tait as marketing director. Tait worked for eight years at Joules in a variety of leadership positions, including customer... View Article -
Comment: counting the cost of instant gratification
The one question I have about the announcement that fast delivery firm Getir is to exit the UK, is what took it so long? The model... View Article -
Boohoo dives into debt as losses soar to £160m and sales slump
via theguardian.comOnline fashion retailer £95m in red amid competition from Shein and Temu and resurgent high streetBoohoo has cut more than 1,000 jobs and dived into debt after its losses soared and sales slumped 13% amid heavy competition from the Chinese online seller Shein and the revival of the high street after the pandemic lockdowns.The online fashion specialist, which owns Debenhams, Warehouse, Dorothy Perkins and Pretty Little Thing, said it had built up net debts of £95m in the year to the e -
Boohoo upbeat about return to growth
Boohoo is remaining upbeat about its prospects for a return to growth despite a drop in full year sales and adjusted EBITDA. In the year to... View Article -
Mike Ashley ramps up spend on private jet and helicopter
Mike Ashley has stepped up his yearly spend on his private jet and helicopter, annual accounts for his business Mash Holdings have revealed.
The company, which reports on Mike Ashley’s combined commercial activities, found the billionaire increased spend on his aircraft from £1.5m to £2.6m for the year ended 30 April, the Times reported.
Frasers Group purchased the corporate jet in 2016, splashing out £40.4m on the Dassault Falcon 7X, which could be “chartered -
Mike Ashley ramps up annual spend on private jet and helicopter
Mike Ashley has stepped up his yearly spend on his private jet and helicopter, annual accounts for his business Mash Holdings have revealed.
The company, which reports on Ashley’s combined commercial activities, found the billionaire increased spend on his aircraft from £1.5m to £2.6m for the year ended 30 April, the Times reported.
Frasers Group purchased the corporate jet in 2016 while it still traded as Sports Direct, splashing out £40.4m on the Dassault Falcon 7 -
Boohoo losses swell to £160m as it battles inflation and weakened demand
Boohoo losses swelled to almost £160m as it encountered “difficult market conditions” caused by high levels of inflation and weakened consumer demand.
Sales were down 17% to £1.46bn in the year to February 29, which it said reflected its increased focus on profitability alongside the challenging market conditions.
It added that its sales were also impacted by the growth of its marketplace with its commission-only revenue model.
Boohoo noted its inventory had risen by near -
All Good Things makes London debut at Outlet Shopping at The O2
All Good Things, the sustainable designer outlet store, has chosen Outlet Shopping at The O2 for the launch of its debut London shop and first in... View Article -
Q&A: Phil Smith, Director of Loss Prevention at Extenda Retail
Phil has over 25 years of experience in the retail industry, working for brands such as Virgin and Disney heading up the Risk and Loss Prevention... View Article -
Carpetright to cut around 70 jobs as part of restructure
Carpetright is to make a 25% reduction in the number of jobs across its central support centre and field management teams. With the restructuring expected to... View Article -
Moss selects OneStock’s OMS to help tailor its digital transformation
Moss, the leading formal menswear specialist, implements OneStock’s distributed order management system (OMS) to improve operational efficiencies and enhance its customer experience. With 107 UK stores... View Article -
Chinese network behind one of world’s ‘largest online scams’
via theguardian.comExclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggestsMore than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China.An international investigation by the Guardian, Die Zeit and Le Monde gives a rare inside look at the mechanics of what the UK’s Chartered T -
Wickes’ partnership with The Brain Tumour Charity surpasses £1 million in first year
Wickes and The Brain Tumour Charity are celebrating an incredible landmark sum after collaborating on a series of fundraising missions across its 230 stores and digital... View Article -
Johnstons of Elgin honoured with the King’s Award for enterprise in international trade
Johnstons of Elgin, the renowned Scottish cashmere and fine woollens producer, has been awarded the prestigious King’s Award for Enterprise, recognising its exceptional performance in international... View Article -
Amazon to open £500m robot-powered East Midlands warehouse
Amazon is planning to build a new £500m robot-powered “next-generation” warehouse in Northampton, East Midlands.
The new fulfilment centre will create 2,000 new jobs and will be fully operational in 2026.
The warehouse will feature three floors of robotics technology, where products will be stowed and customer orders picked.
The new warehouse will create 1,400 new jobs at its launch, with roles including engineers, HR and IT, finance specialists, as well as workers to pick, pac -
Morrisons acquires 38 convenience stores in the Channel Islands
Morrisons has acquired 38 stores and six fuel forecourts in the Channel Islands from long-term partner SandpiperCI.
The supermarket chain said it currently supplies all the shops in some capacity, with 19 operating under its Daily fascia.
The stores, which are located on the islands of Jersey, Guernsey and Alderney, reported sales excluding fuel of £124.5m in the last 12 months.
Morrisons said the transaction also includes 520 SandpiperCI store, operations and managerial employees who will -
UK audiobook downloads up 17% last year, Publishers Association data shows
via theguardian.comAudiobooks are fast becoming ‘a major route to market for consumers of books’, the trade body saysThe number of UK audiobook downloads increased by 17% between 2022 and 2023, according to new data from the Publishers Association (PA).Revenue from audiobooks rose 24% across the same period to £206m in 2023, reflecting an increase in the number of audiobook downloads from 50m to 59m, the trade body said. Continue reading... -
New & Lingwood and Lisa King unveil capsule collection
British luxury menswear brand New & Lingwood is delighted to announce a collaboration with London-based multidisciplinary artist and designer Lisa King. Together, they have created a... View Article -
[Interview] A day in the life of… entrepreneur Samantha Johnson
Revitalising craftsmanship: Samantha Johnson’s visionary approach to local retail manufacturing post-COVID As an industry, we’re still reeling from the ripple effects of the pandemic and the... View Article -
Glossier partners with Space NK to expand UK footprint
Beauty brand Glossier has partnered with Space NK as it looks to expand its retail footprint across the UK and Ireland.
From June 8, the brand will be sold in 48 of the high street chain’s UK stores including branches in Cambridge, Cardiff, Dublin, Edinburgh, Liverpool and Norwich, WWD reported.
Space NK will also launch the brand’s products on its website and will roll out to further stores later in the year.
Glossier’s current retail presence in the UK includes one flagship s -
Zalando improves profitability due to lower fulfilment costs
Zalando has reported “improved” profitability during its first quarter as its updated strategy starts to bear fruit.
The German fashion giant said adjusted EBIT rose to £24.3m (€28.3m) in the three months, up from a loss of £600,000 (€700,000) for the same period last year.
It noted the “substantial improvement” in profitability was driven by lower fulfilment costs and successful inventory management, which contributed to a 1.3% adjusted group EBIT m
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