Retail news

• Watches of Switzerland boosts luxury portfolio with acquisition of Roberto Coin

  09-05-2024 09:48 via theretailbulletin.com
  
  Watches of Switzerland Group has acquired luxury jewellery brand Roberto Coin for $130 million.  Founded in the Italian city of Vicenza, the company designs and manufactures... View Article
  
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• Seasalt names Peloton exec as new CFO

  20-09-2024 15:55 via retailgazette.co.uk
  
  Seasalt has named former Peloton executive Louise Couch as its new chief financial officer.
  Couch, who will report to CEO Paul Hayes, will be in charge of the Cornish fashion brand’s business strategy, financial decisions and ongoing global expansion.
  She previously served as senior director of international financial planning and analysis at Peloton.
  Prior to this, she worked at investment banks Morgan Stanley and JP Morgan under senior roles focused on the retail sector. Related StoryUni
  
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• Packaging tax will raise price of many everyday items, say UK firms

  20-09-2024 15:46
  
  Cost of soft drinks, beer and kettles likely to increase as a result of scheme that shifts recycling fees to producersUK politics live – latest updatesBusiness live – latest updatesA new packaging tax to fund recycling will push up the price of many products including soft drinks, beer, kitchenware and small appliances such as kettles and toasters, companies have warned.Pev Manners, the managing director of the cordial maker Belvoir Farm, said the preliminary cost for glass in the ex
  
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• Mars brings Marathon name back in UK as nostalgia rises for retro sweets

  20-09-2024 14:45
  Rebrand to Snickers in 1990 caused uproar but special edition will have limited run in Morrisons storesDepending on your age and resistance to change, potentially it never went away, but 34 years after the shock Snickers rebrand the Marathon bar is making a comeback in the UK.The decision to drop the British name for the treat caused uproar back in 1990 and some diehard fans have been complaining about it ever since. So, with this nostalgic audience in mind, Mars has announced it is making a &ld
  
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• Sell, sell, sell: corporate styling breaks out of the office and into fashion

  20-09-2024 14:13
  
  From brands such as Ganni and Prada, to FKA Twigs and Taylor Swift, ‘corpcore’ is thrivingFor anyone who has lived the realities of bottom lines, deliverables, bad workplace coffee and terrible office parties, the corporate world may seem an odd place to look for creative inspiration. Yet offices are now circling back in surprising new ways. And fashion has embraced this by going for office dressing in a big way.“Corpcore” is a fresh take on the usual 9-to-5 attire; execu
  
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• American Golf sales and market share rise despite wet weather

  20-09-2024 12:49 via retailgazette.co.uk
  
  American Golf has seen sales and market share increase, despite wet weather affecting play.
  The retailer reported a 1.8% uptick in like-for-like sales for the six months to August 2024 and an increase in market share of 1.4% 
  The positive performance comes despite wet weather conditions across the UK causing the average number of rounds played per course to drop by 8%. 
  American Golf has maintained a commitment to enhancing its UK retail presence, with more than 80 stores nationwide be
  
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• Uniqlo opens doors to Coal Drops Yard flagship

  20-09-2024 12:20 via retailgazette.co.uk
  
  Uniqlo has opened its new Coal Drops Yard store, with a re-opening of its store in London’s White City Westfield planned to take place on 10 October.
  The Japanese fashion brand opened the doors to its new store at 11am yesterday (19 September), with the space measuring roughly 800 sq. meters across three floors.
  The site will house its Uniqlo Studio on the second floor, where shoppers can recycle, repair or remake garments so they can keep wearing them for longer.
  Uniqlo will display art o
  
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• Total visibility of your IT landscape with instant insights

  20-09-2024 10:04 via theretailbulletin.com
  
  Enhance retail operations and IT performance with a comprehensive Estate Observability service. Gain unparalleled insight into your retail IT landscape with our Estate Observability service. We... View Article
  
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• Boohoo Group opens new showroom for flagship brands

  20-09-2024 09:44 via retailgazette.co.uk
  
  Boohoo Group has opened a new showroom in Soho, London, for its five core brands and partners.
  Based on the ground floor of the fashion retailer’s Great Pulteney Street office, the space will be shared by its flagship labels Boohoo, Boohoo Man, PrettyLittleThing, Karen Millen and Debenhams, Drapers reported. 
  Karen Millen was the first brand to display its upcoming collection in the 6,700 sq ft showroom yesterday.
  As well as being used to host product showcases for influencers, press,
  
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• Consumer confidence tumbles despite uplift in retail sales

  20-09-2024 09:41 via theretailbulletin.com
  
  There has been a sharp fall in consumer confidence in the UK this month as people feel less optimistic about their personal finances, the economy and... View Article
  
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• Retail sales rise in August despite waning consumer confidence

  20-09-2024 09:40 via retailgazette.co.uk
  
  Retail sales continued to grow in August, according to the Office for National Statistics (ONS), despite consumer confidence plunging over the past month.
  Sales are estimated to have risen 1% in August from a 0.7% rise in July, marking their highest levels since July 2022, the ONS reported.
  Some supermarkets and clothing retailers attributed the rise to warmer weather and end-of-season sales.
  Food and clothing sales saw unseasonably strong sales, the government department said, with grocery
  
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• WH Smith announces next round of Toys“R”Us shop-in-shop openings

  20-09-2024 09:18 via theretailbulletin.com
  
  WH Smith is extending its partnership with Toys“R”Us with more shop-in-shops opening between now and Christmas. Following the launch of the first Toys“R”Us shop-in-shop in 2023,... View Article
  
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• WH Smith announces next round of Toys“R”Us shop-in-shops openings

  20-09-2024 08:46 via theretailbulletin.com
  
  WH Smith is extending its partnership with Toys“R”Us with more shop-in-shops opening between now and Christmas. Following the launch of the first Toys“R”Us shop-in-shop in 2023,... View Article
  
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• Knoops raises over £1 million in first day of Crowdcube campaign

  20-09-2024 08:46 via theretailbulletin.com
  
  Knoops, the chocolate drinks specialist, has raised over £1 million since launching a fundraise on the Crowdcube equity crowdfunding platform this week. After the campaign went... View Article
  
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• Nike names former senior executive as new CEO

  20-09-2024 08:34 via retailgazette.co.uk
  
  Nike has hired former senior executive Elliott Hill as its new CEO, taking over the reins from John Donahoe as the brand’s president and chief executive.
  Hill previously worked at the sportswear giant for 32 years, serving under senior leadership roles across North America and Europe.
  The executive, who is due to begin his role from 14 October, was responsible for helping grow the retailer to over £29.28bn, according to Nike. Related StoryPets at Home appoints Burger King exec as new
  
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• Nike brings in new CEO to revive business

  20-09-2024 08:34 via retailgazette.co.uk
  
  Nike has hired former senior executive Elliott Hill as its new CEO, taking over the reins from John Donahoe as the brand’s president and chief executive.
  Hill previously worked at the sportswear giant for 32 years in senior leadership roles across North America and Europe.
  The executive, who is due to begin his role from 14 October, was responsible for helping grow the retailer to over £29.28bn, according to Nike. Related StoryPets at Home appoints Burger King exec as new Vets for Pe
  
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• Ingka Centres to acquire major Munich shopping centre

  20-09-2024 08:14 via theretailbulletin.com
  
  Ingka Centres is to acquire the Pasing Arcaden shopping destination in Munich. A subsidiary of Unibail-Rodamco-Westfield Germany, the retail anchored mixed-use development has more than 53,000... View Article
  
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• Next warns it could close stores if equal pay appeal fails

  20-09-2024 07:00 via retailgazette.co.uk
  
  Next has warned it could close shops if its appeal against a landmark equal pay ruling fails.
  The caution comes after an employment tribunal found in August that 3,500 predominantly female Next store workers should not have been paid less than their mainly male (52%) co-workers in warehouses.
  The fashion giant explained that if it loses its appeal and has the burden of extra pay, which some have warned could cost the retailer £30m, it would impact the profitability of individual stores.
  Th
  
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• WHSmith to open 37 Toys ‘R’ Us stores before Christmas

  20-09-2024 01:49 via retailgazette.co.uk
  
  WHSmith is expanding its partnership with Toys ‘R’ Us, as it plans to opening a further 37 shop-in-shops in the coming months, building on its current 39 stores under the tie-up.
  The stationery retailer opened its first Toys ‘R’ Us shop-in-shop in the UK in 2023.
  The next round of site openings will commence on 28 September, with Bexleyheath, Eastbourne and Southampton the first new stores to open. Related StoryWHSmith profit edges up boosted by booming travel sales11/09/
  
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• Can Next take on Frasers’ Flannels with its upmarket Seasons website?

  20-09-2024 01:40 via retailgazette.co.uk
  
  Next is ramping up its rivalry with Frasers as it looks to launch a new premium fashion platform to target aspirational shoppers.
  Seasons, which will go live before Christmas, and will stock a range of premium and affordable luxury brands such as Ganni, Joseph and A.P.C that Next doesn’t currently sell.
  Chief executive Lord Wolfson described it as “servicing the premium customers we’ve got better – giving them brands we think that they’ll love”.
  It’s jus
  
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• Nike appoints new CEO as sportswear giant’s sales come under pressure

  19-09-2024 23:28
  
  Company shares rise as former executive Elliott Hill announced as successor to John DonahoeNike said on Thursday that former senior executive Elliott Hill would rejoin the company to succeed John Donahoe as president and CEO as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition.The company’s shares were up 9% in extended trading. Continue reading...
  
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• Next and the beautiful arithmetic of long-termism | Nils Pratley

  19-09-2024 19:31
  
  The dawn of a new era of faster profits growth from overseas and ‘platform’ operations are among reasons for the retailer to be cheerfulHere is an absurdly mean-minded way to view Next’s advance towards annual profits of £1bn this financial year: since the retailer achieved almost half a billion (£498m) as long ago as 2008, merely doubling over 17 years is not otherworldly. The annual compound rate of improvement works out at only 4%.But that perspective would plain
  
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• Next says it may close stores if £30m equal pay claim is upheld

  19-09-2024 19:18
  Retailer says some shops may become unviable despite annual profits nearing £1bn amid international expansionNext said it may close stores if it loses an appeal against a landmark equal pay claim.The fashion and homeware retailer made the comments after shop workers at Next last month won a six-year legal fight for equal pay. Next is planning to challenge the decision and could have to pay more than £30m in compensation if it is unsuccessful. Continue reading...
  
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• Beating Aldi cashiers at their own game | Brief letters

  19-09-2024 18:30
  
  Till tactics | On the shelf | Labour golfers | Cattle and poetry | Oxford StreetThis is a good game (Shopper’s videos of himself trying to beat ‘insanely speedy’ Aldi cashiers go viral, 16 September). My tactic is to join the queue behind an unfeasibly large trolley-load, then place items in a zigzag pattern on the conveyor. A bottle of gin halfway along gives everyone a breather as the cashier has to wrangle the security tab off, and leaving vegetables until the end allows&nbs
  
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• Halfords enters premium cycling lane

  19-09-2024 16:43 via retailgazette.co.uk
  
  The UK’s largest cycling retailer, Halfords, is set to more than double its premium bicycle offerings as it pedals into the UK’s high-end cycling market.
  The move comes as the premium sector emerges as one of the fastest-growing segments of the cycling industry, and one that was previously underrepresented in the retailer’s range.
  Halfords will increase its range of premium mechanical bikes that hold a price tag of more than £1,000 by 60%, while its premium electric bike
  
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• Asos exec: TikTok Shop risks cutting out online retailers

  19-09-2024 16:42 via retailgazette.co.uk
  
  Asos executive Elton Ollerhead has said that TikTok Shop is “dangerous” for online retailers as it risks cutting them out of customers’ shopping journey.
  Ollerhead, who is director of Asos Media Group, told the Ecommerce Expo conference that the burgeoning shopping platform could remove the need for online retailers in the minds of shoppers if products could be bought directly from social media networks.
  Despite this risk, Asos has sold on TikTok Shop since March this year as p
  
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• Asos exec: TikTok Shop drives sales growth but could risk cutting out online retailers

  19-09-2024 16:42 via retailgazette.co.uk
  
  Asos executive Elton Ollerhead has said that TikTok Shop is “dangerous” for online retailers as it risks cutting them out of customers’ shopping journey.
  Ollerhead, who is director of Asos Media Group, told the Ecommerce Expo conference that the burgeoning shopping platform could remove the need for online retailers in the minds of shoppers if products could be bought directly from social media networks.
  Despite this risk, Asos has sold on TikTok Shop since March this year as p
  
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• Asos exec: TikTok Shop drives sales growth and could potentially cut out online retailers

  19-09-2024 16:42 via retailgazette.co.uk
  
  Asos executive Elton Ollerhead has said that TikTok Shop was working really well for the brand but could potentially cut online retailers out of customers’ shopping journey.
  Ollerhead, who is director of Asos Media Group, told the Ecommerce Expo conference that the burgeoning shopping platform could remove the need for online retailers in the minds of shoppers if products could be bought directly from social media networks.
  Asos has sold on TikTok Shop since March this year as part of its
  
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• Sosandar expands retail footprint with UK store openings and Irish launch

  19-09-2024 16:21 via retailgazette.co.uk
  
  Fashion brand Sosandar will expand into Ireland with an in-store launch at Arnotts, Ireland’s largest department store following the opening of its  first two standalone stores in the UK.
  The launch at Arnotts in central Dublin follows Sosandar’s successful online partnership with the retailer.Customers in Ireland have shown strong demand for the brand since its online launch and will now be able to shop the brand in a bricks-and-mortar setting.
  Arnotts is owned by the UK-based
  
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• Morrisons shifts shoppers to new revamped app

  19-09-2024 16:06 via retailgazette.co.uk
  
  Morrisons has moved its customers from its former online groceries ‘white app’ to a single consolidated ‘green’ Morrisons groceries app.
  The grocer said it had “previously ran one website and two apps,” with shoppers divided over which app they used regionally and in “most cases customers would not have been aware”.
  Morrisons has now scrapped its old app, which was only for shoppers based in areas where online orders could be collected from its cen
  
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