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WH Smith to bring Toys”R”Us shop-in-shops to a further 30 UK locations
WH Smith has signed an exclusive agreement to open a further 30 Toys”R”Us shop-in-shops in its stores this summer. The news follows the toy brand returning... View Article -
4 ways Currys’ services arm is boosting the business
Currys’ strategic expansion into services has been significantly impactful for the overall business. What began as a small side business focused on installations and repairs has grown exponentially in recent years to become a major driver of growth and competitive advantage.
Services now account for 15% of Currys’ total revenues CEO Alex Baldock told Shoptalk, as he stressed that “we’re nowhere near the ceiling”.
We look at how its offer of refinancing, refurbi -
M&S appoints Alex Scott as its first ambassador for fitness clothing
M&S has named sports presenter Alex Scott as its first ambassador for fitness as it looks to attract more shoppers.
The former professional footballer described it as a “dream moment” to work with the business, This is Money reported. She said: “M&S is such an iconic British brand, and I couldn’t be happier to be joining the team – definitely another ‘pinch-me’ moment.”
The news comes after the group has seen sales of third-party fitness cl -
Kingfisher unveils new decarbonisation targets ‘to help tackle climate change’
Kingfisher has unveiled vendor decarbonisation targets as it works towards driving down its Scope 3 emissions.
The rcompany and its vendors will work towards one of three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions.
The targets include for the business’s 100 biggest vendors by Scope 3 emissions to create a Science Based Targets initiative (SBTi) aligned roadmap and decarbonisation target by 2028, for its next 450 vendors to create -
Boots introduces 25 new beauty brands across all stores
Boots is launching 25 new beauty brands in all its stores by the end of summer.
The high street retailer has introduced several brands, including Kurl Kitchen, The Beauty Crop, Tree Hut and Coats, already online and in selected stores.
The new additions join Boots’ existing offer of more than 500 existing beauty brands, Retail Week reported.Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning The retailer is also pla -
Euro 2024: Argos to sell four TVs per minute during summer of sport
Argos is expecting to sell more than 180,000 televisions during the 2024 UEFA European football championship, which begins this Friday (14 June).
The retailer has forecast that it will sell four screens every minute throughout the duration of the tournament, the equilavent of filling Wembley Stadium twice over.
Argos said the desire to watch sports on bigger TVs was largely behind this demand, as it found the average size of the TVs sold this year was 55”, up from 49” during the -
Sainsbury’s rolls out Nectar scheme to EV charging points
Sainsbury’s has expanded its Nectar programme to include its ultra-fast EV charging service, making it the first of its kind in the UK to offer a national loyalty scheme.
Customers using any of the supermarket’s 400 Smart Charge bays across the UK will now be able to collect Nectar points with their purchase.
The initative is being rolled out to all sites between 12 and 24 June, including at its newly opened 50th Smart Charge location at its London Enfield Superstore.Subscribe to Ret -
M&S freezes school uniform prices for fourth year in a row
M&S has frozen the prices of its school uniform for the fourth year in a row, as it confirms the return of its 20% off school uniform early bird offer this July.
While prices in the range start from £7 for a 3 pack of cotton unisex polo shirts, when the 20% back-to-school offer is applied, prices start from £5.60 for early bird shoppers.
The fashion and food retailer is offering an extended 100-day returns period on its school uniform, which is said to be designed to be “du -
‘We’re not backing down’: US grocery workers take on Kroger with strike vote
via theguardian.comFood 4 Less workers to vote on action if new deal is not reached, as employees say wages and benefits lag behindAbout 6,000 grocery store workers are set to vote on strike action after the expiration of their union contract with the Kroger-owned Food 4 Less chain.The contract with United Food and Commercial Workers (UFCW) expired on Saturday. Members are voting on whether to authorize a strike if a new deal is not reached, and results expected late on Friday. Continue reading... -
In pictures: Quiz launches new Manchester flagship with Dubai inspired collection
Quiz has opened a new flagship store in the Trafford Centre, Manchester, replacing its former shop.
The store, which opened to the public last week, has a sales floor measuring around 2,500 sq ft and features its latest Dubai-inspired collection, Summer Luxe.
The retailer said the store provided a larger space for shoppers which has been designed in line with its latest look and feel, featuring porcelain flooring, gold features and multiple LED display screens.
Quiz added that the shop’s f -
Best practice tips for retail loyalty programmes
When people think of retail loyalty programmes, they often recall outdated stamp cards buried in their wallets. Thankfully, those days are (mostly) behind us. Loyalty programmes... View Article -
DFS furniture chain blames Red Sea crisis for profit warning
via theguardian.comAttacks on shipping leading to delays to deliveries and higher shipping costs, says retailerBusiness live – latest updatesThe furniture retailer DFS has issued its second profit warning of the year, blaming much of the drop on delays to deliveries and higher shipping costs caused by the Red Sea crisis.The retailer, which owns 118 shops across the UK, said it expected pre-tax profits of £10m-£12m for the year ending 30 June 2024, well down on the £20m-£25m predicted -
DFS warns on profit after weaker demand and Red Sea disruption
DFS has issued a profit warning following “challenging” consumer demand and the impact of disruption in Red Sea shipping. The upholstered furniture retailer now says its... View Article -
DFS cuts profit guidance amid Red Sea shipping woes and weak demand
DFS has slashed its profit guidance amid ongoing shipping disruptions in the Red Sea and slumping consumer demand.
In its interim results update in March, the furniture retailer was expecting revenues of £1bn – £1.015bn, with profit before tax to be in the range of £20-125m, and an additional profit risk of up to £4m if Red Sea shipping delays continued throughout the year.
But in an update on trading for the 53 week period to 30 June 2024, DFS said it now expects p -
Trailberg to open first UK store at Manchester Arndale
Trailberg has selected Manchester Arndale for the opening of its first permanent UK store. The shop will stock the brand’s full range of range of tracksuits,... View Article -
Superdry creditors approve restructuring plan
Superdry has announced that its creditors have approved its proposed restructuring plan as it looks to stave off bankruptcy. The fashion retailer said there was a... View Article -
Castore to join line-up at Centre:mk
Sportswear brand Castore is to make its regional debut in Milton Keynes with the opening of a flagship store at Centre:mk. Due to open on Silbury... View Article -
Euros to kick off consumer summer spending spree
Euro 2024 is set to kick off surging summer spending with grocery and electronics retailers likely to reap the most rewards, according to recent research by the British Retail Consortium (BRC).
The poll of 2,000 UK shoppers found that “the nation’s love of football will translate into additional purchases”, with 13% of people set to spend more on groceries, alcohol and takeaways.
The results, which are part of the BRC’s Consumer Sentiment Monitor, supported by Opinium, c -
Euros 2024 to kick off consumer summer spending spree
Euro 2024 is set to kick off surging summer spending with grocery and electronics retailers likely to reap the most rewards, according to recent research by the British Retail Consortium (BRC).
The poll of 2,000 UK shoppers found that “the nation’s love of football will translate into additional purchases”, with 13% of people set to spend more on groceries, alcohol and takeaways.
The results, which are part of the BRC’s Consumer Sentiment Monitor, supported by Opinium, c -
Abercrombie & Fitch to open new London store as sales surge
Abercrombie & Fitch is set to open a store in east London’s Spitalfields this summer after hailing record sales in the first quarter.
The American fashion retailer’s new store will be located at 2 Horner Square, housing womenswear and menswear ranges in “a light and bright space”, Drapers reported.
It will also include click-and-collect services and an art installation, showcasing photography from around the capital.
Last month, Abercrombie & Fitch revealed it is -
Waitrose readies for change
via ft.comJason Tarry to become chair of parent John Lewis just as retailer starts to turnaround after a torrid time -
Golden Goose is stretching the limits of luxury
via ft.comGrowth runway for ‘distressed’ trainer firm strewn with obstacles -
US senator urges UK to investigate Shein’s labour practices ahead of IPO
via ft.comChina hawk Marco Rubio says allegations of ‘unethical and irresponsible business practices’ should be vetted before London listing -
6 retailers investing in small format stores
Late last month Pets at Home CEO Lyssa McGowan revealed plans to open up to 20 smaller format shops within the M25 over the next couple of years.
The pets specialist is one of a raft of big box retailers dipping their toes into smaller inner city stores in a bid to capitalise on urban footfall. Retail Gazette takes a look at which retailers are expanding through smaller stores.
Pets at Home
Pets at Home is looking to diversify its store estate through smaller stores around the London area. So fa -
Senior executive at UK payment company Checkout.com to leave
via ft.comChief operating officer Céline Dufétel to depart what was once Europe’s most valuable start-up -
Four major UK supermarkets accused of misleading ‘freshly baked’ bread claim
via theguardian.comReal Bread Campaign makes trading standards complaint over marketing by Sainsbury’s, Tesco, Lidl and Co-opThey were the best thing since sliced bread. Supermarket bakeries, with their aroma of oven-hot goods, attracted customers who wanted a fresher product than the standard pre-packed offering.But campaigners have cast doubt on just how fresh these baked goods are, with four major supermarkets accused of misleading claims and breaches of consumer protection regulations. Continue reading.. -
Conservatives ‘fail to take the bull by the horns’ on business rates
The Conservatives set out plans to tackle retail crime as Rishi Sunak unveiled its manifesto but his proposed changes on business rates were met with disappointment.
The Tories pledged a £4.3bn of business rates support for small businesses over the next five years and to “continue to ease the burden of business rates for high street, leisure and hospitality businesses” by increasing the multiplier on distribution warehouses that support online shopping over time.
However, BRC -
Former BHS directors told to repay at least £18mn to help cover losses
via ft.comLandmark ruling finds two individuals liable in lawsuit brought by liquidators to collapsed retailer -
Superdry creditors vote in favour of restructuring plan
Superdry creditors have voted overwhelmingly in favour of its restructuring plan, leaving only shareholders to rubber stamp the proposal.
Some 99% of creditors by value green lit the plan, which aims to stave off administration of the fashion retailer.
Teneo senior managing director Gavin Maher said: “Having 99% of those creditors that voted being in favour means that the plan company has achieved an important milestone in securing creditor support for the restructuring plan.”
The re -
BREAKING: Superdry creditors vote in favour of restructuring plan
Superdry creditors have voted overwhelmingly in favour of its restructuring plan, leaving only shareholders to rubber stamp the proposal.
Some 99% of creditors by value green lit the proposals, which aim to stave of administration of the fashion retailer.
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