Retail Gazette

APRIL 28, 2024

to the retailer, in a bid to veer it away from financial difficulty. Poon has now lent £106m in total to the luxury retailer, which now has no external debt. Click here to sign up to Retail Gazette‘s free daily email newsletter Pre-tax losses shrunk 29% from £30.4m in the year to 1 April 2023.

Department Stores 120

Department Stores Finance Accounting ATS 120

Retail Gazette

MAY 4, 2024

Details of the LVMH case have not been made public but are thought to be linked to the long-running battle over interchange fees, which are paid by retailers to banks when they accept card payments via Visa or Mastercard. Click here to sign up to Retail Gazette‘s free daily email newsletter for credit cards.

Payment Services 113

Payment Services ATS 113

Retail Gazette

MAY 2, 2024

On Monday, the Sports Direct and Flannels owner said it had snapped up Matches’ IP for an undisclosed amount, however the deal did not include the company’s remaining workers or £83m of stock, Drapers reported. Speaking at the Retail Technology Show, he said: “Frasers did what Frasers did.

Finance 115

Finance Fashion ATS 115

Retail Gazette

MAY 1, 2024

The fashion and home retailer reported full price sales rose 5.7% during the period, while retail sales remained flat. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Despite the positive start to the year, Next said it expects sales in its second quarter to dip 0.3%.

Fashion 111

Fashion 111

Retail Gazette

APRIL 25, 2024

The rollout follows the opening of nine Toys R Us concessions last year, which WHSmith said had performed well, according to Retail Week. WHSmith unveiled this morning that its first half profits had edged up by £1m to £46m. Click here to sign up to Retail Gazette‘s free daily email newsletter

Returns 121

Returns Shopping Location ATS 121

Retail Gazette

MAY 8, 2024

In its latest results, Selfridges Retail saw a 29% increase in sales to £843.7m Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Selfridges said: “The continued absence of a tax-free shopping scheme in the UK has significantly impacted international sales.

Shopping 109

Shopping Department Stores ATS 109

Retail Gazette

APRIL 29, 2024

John Lewis is ramping up its Members’ Week with loyalty card members set to benefit from what it called “the best ever line-up of treats and events” between 1-7 May. The retailer also poached Tesco’s head of loyalty strategy Emily Wells as its first pan-Partnership head of loyalty last year.

Finance 115

Finance Fashion Shopping Department Stores 115

Retail Gazette

MAY 1, 2024

Customers will be able to drop off their unwanted pots, which the DIY retailer will then recycle and turn into new planters. The retailer partnered with the Greater Manchester Combined Authority (GMCA) to launch the hubs inside its Trafford Park and Cheetham Hill stores.

ATS 121

ATS 121

Retail Gazette

MAY 2, 2024

The concept store is designed to “fit seamlessly into the local village aesthetic”, according to the footwear retailer. ” In July, a shift in shopping habits towards more local shops forced Russell & Bromley to rethink its retail strategy, as it began targeting affluent suburbs across London and elsewhere. .”

Shopping 118

Shopping Planning Fashion 118

Retail Gazette

APRIL 21, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning It was reported last month that nearly 10,000 Asda workers had received incorrect payslips due to the IT glitch, with one employee claiming that two weeks’ worth of wages had been removed from their payslip.

Supermarket 121

Supermarket Grocer 121

Retail Gazette

APRIL 30, 2024

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). Click here to sign up to Retail Gazette‘s free daily email newsletter

Advertising 115

Advertising Customer Experience Planning ATS 115

Retail Gazette

APRIL 30, 2024

Manzanita is understood to have not yet made a firm decision on the timing of the sale of premium beauty retailer. Click here to sign up to Retail Gazette‘s free daily email newsletter Manzanita previously explored a sale of Space NK in 2018 when it hired Goldman Sachs to conduct a strategic review.

Location 114

Location ATS 114

Retail Gazette

MAY 3, 2024

The footwear retailer said it has formed an interim executive committee to lead the business until it finds a replacement. Ram joined Clarks in April 2022 from US retailer HanesBrands, where he was the group president of global activewear since 2018. ” Click here to sign up to Retail Gazette‘s free daily email newsletter .

ATS 110

ATS Fashion 110

Retail Gazette

APRIL 15, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Tesco has until May 21 – or nine weeks from the date it lost its appeal on March 19 – to replace more than eight million Clubcard Prices logo in stores.

Supermarket 114

Supermarket 114

Retail Gazette

MAY 7, 2024

The was made up of £646m from sale and leaseback deals, £400m from borrowing against ground rents, and a £401m from a shareholder loan that recycled proceeds from a previous property transaction. Click here to sign up to Retail Gazette‘s free daily email newsletter

Payment Services 103

Payment Services Finance Accounting ATS 103

Retail Gazette

APRIL 18, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Her departure follows reports that the etailer was laying off between 25% to 30% of its workforce after it was acquired by South Korean ecommerce giant Coupang in a pre-pack administration deal.

Finance 110

Finance Fashion Promotions 110

Retail Gazette

MAY 1, 2024

Lounge Underwear’s profits slipped in its last financial year as it branched into physical retail, opening four UK stores over the past year. The underwear and apparel retailer saw pre-tax profit plummet 33% to £5.5m ” Click here to sign up to Retail Gazette‘s free daily email newsletter .”

Apparel 117

Apparel Shopping Planning Marketing 117

Retail Gazette

APRIL 30, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The £1m investment will go towards developing its refurbishment capabilities at its main distribution centre in Stafford.

Planning 108

Planning Shopping ATS 108

Retail Gazette

APRIL 30, 2024

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.

Location 120

Location 120

Retail Gazette

APRIL 21, 2024

Last week the retailer raised its fifth profit warning in three years and said its CEO Kenny Wilson would be stepping down from his role as the business flagged a “challenging” year ahead. The retailer alleged that Temu engaged in paid advertising with Google to promote boots sold on its platform, targeting keywords like “Dr.

Advertising 118

Advertising Fashion Promotions Management 118

Retail Gazette

MAY 6, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning A group of warehouse workers put forward a counter proposal. Click here to sign up to Retail Gazette‘s free daily email newsletter

Supermarket 104

Supermarket Accounting Planning ATS 104

Retail Gazette

APRIL 30, 2024

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. according to Retail Week.

Shopping 120

Shopping ATS Location Management 120

Retail Gazette

APRIL 29, 2024

Almost 20% of Ocado shareholders voted against the firm’s remuneration policy however its plan to offer boss Tim Steiner a potential bonus of up to £14.8m Prior to the AGM there was concerns the retailer would face a revolt over the hefty potential bonus. Click here to sign up to Retail Gazette‘s free daily email newsletter

Planning 114

Planning Returns ATS 114

Retail Gazette

APRIL 30, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The supermarket has taken a 20% stake in MFG and agreed commercial and supply deals, which Morrisons said underpins its convenience growth strategy.

Supermarket 98

Supermarket 98

Retail Gazette

APRIL 24, 2024

A spokesperson for the discount retailer said affected workers had been offered positions a nearby shops in all cases. The move comes after the business’s owner Pepco Group agreed to take control of up to 71 Wilko store leases from administrator PwC under a last-minute deal in September.

Shopping 110

Shopping 110

Retail Gazette

APRIL 29, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The Body Shop’s collapse has raised questions over how much Brazilian beauty giant Natura will receive beyond the £3.5m Click here to sign up to Retail Gazette‘s free daily email newsletter

Shopping 110

Shopping 110

Retail Gazette

APRIL 8, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The platform’s general manager of global fashion Kirsty Keoghan said: “By encouraging more people to buy and sell pre-loved clothing, we’ll keep more clothes out of landfill as we collectively enable a circular economy for fashion.”

Fashion 115

Fashion Management Consumer 115

Retail Gazette

APRIL 21, 2024

The chief executives remuneration includes an annual bonus of up to £3.6m Tesco reported its pre-tax profits had more than doubled to £2.29bn in the 12 months to 29 February, up from £882m last year. Click here to sign up to Retail Gazette‘s free daily email newsletter pay last year.

Grocer 121

Grocer Supermarket ATS 121

Retail Gazette

MAY 8, 2024

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. Click here to sign up to Retail Gazette‘s free daily email newsletter

Shopping 104

Shopping Beauty and Health Management ATS 104

Retail Gazette

APRIL 29, 2024

The campaign will allow customers to collect up to £50 in loyalty points by doing 10 out of a choice of 20 personalised challenges, which will vary for each shopper. The points can be converted into up to £100 worth of rewards, with Tesco offering over 100 reward partners on its scheme.

Supermarket 124

Supermarket Promotions 124

Retail Gazette

APRIL 19, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Zuber Issa began talks about selling his stake in Asda in Febraury, and earlier this month, it was reported he was planning to step back as co-chief executive officer of EG Group.

Supermarket 105

Supermarket Grocer Accounting Returns 105

Retail Gazette

APRIL 24, 2024

The retailer is set to publish its questions “for every role” online “for everyone to see,” according to the Financial Times. Click here to sign up to Retail Gazette‘s free daily email newsletter Bullett assures: “The process will be no less rigorous.

Department Stores 110

Department Stores ATS Fashion 110

Retail Gazette

APRIL 21, 2024

From today (22 April), users will be able to shop used designer products available from Hardly Ever Worn It, Sign of the Times, Luxe Collective, Sellier Knightsbridge and Break Archive. Click here to sign up to Retail Gazette‘s free daily email newsletter

Shopping 109

Shopping Fashion 109

Retail Gazette

APRIL 9, 2024

Next and Sports Direct have both expressed an interest in snapping up Ted Baker’s stricken European arm. A further 25 head office workers at the embattled fashion retailer have also been made redundant due to “a necessary reduction in central costs”, with closing stores set to cease trading by 19 April.

Fashion 115

Fashion ATS 115

Retail Gazette

APRIL 10, 2024

Tesco revealed its pre-tax profits had skyrocketed 159% to £2.29bn in the 12 months to 29 February, up from £882m last year. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Group sales excluding VAT and fuel surged 7.4%

Supermarket 135

Supermarket Promotions Returns Marketing 135

Retail Gazette

MAY 3, 2024

” Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning This is not the first time Dunkerton has raised concerns over the end of tax-free shopping , which prime minister Rishi Sunak scrapped in 2020. What a ridiculous situation.”

Shopping 105

Shopping Management Marketing Fashion 105

Retail Gazette

MAY 7, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The deal pushes the supermarket’s convenience store portfolio up to 1,600 across the UK, of which around 600 are franchise stores.

Supermarket 81

Supermarket Store Operations Location Shopping 81