Retail news

• Key Features and Benefits of E-Commerce Platforms in Retail

  20-12-2024 17:55 via theretailbulletin.com
  
  The benefits of e-commerce platforms go far beyond simple cost savings. These platforms offer essential e-commerce features that can help retailers streamline operations, increase sales and... View Article
  
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• Boohoo shareholders vote to block Mike Ashley from joining board

  20-12-2024 16:52 via theguardian.com
  
  Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike LennonBoohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder’s attempt to control the struggling online fashion retailer.Investors representing 64% of Bohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group. Contin
  
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• Boohoo shareholders reject Mike Ashley’s attempt to join board

  20-12-2024 14:55
  
  Billionaire sportswear tycoon had called for overhaul at fast-fashion retailer
  
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• Last-minute Christmas shoppers set to spend £3bn over ‘Super Weekend’

  20-12-2024 14:35 via theguardian.com
  British retailers anticipate some of the biggest shopping days of the year with people ‘clearly leaving it late’Business live – latest updatesMillions of last-minute Christmas shoppers are expected to spend £3bn over what has been called Super Weekend, with retailers eager to make up lost ground after a “shaky start” to the festive sales season.With many offices closing on Friday for the holidays, retailers anticipate the remaining shopping days will be among
  
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• Boohoo shareholders reject Mike Ashley’s board bid

  20-12-2024 13:52 via retailgazette.co.uk
  
  Boohoo shareholders have voted against resolutions put forward by Frasers Group at today’s general meeting (20 December), putting an end to the lengthy boardroom battle.
  Frasers, which holds a 27% stake in Boohoo, had sought to appoint Mike Ashley as CEO and Mike Lennon as a director. The proposals also called for the removal of Boohoo’s executive chairman, Mahmud Kamani, as part of a broader plan to restructure the struggling fashion retailer.
  Some 63.77% of shareholders voted again
  
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• The Body Shop back in profit under new leadership

  20-12-2024 13:47 via theretailbulletin.com
  
  The Body Shop, the iconic cosmetics and skincare retailer founded by Dame Anita Roddick, has reportedly returned to profitability just three months after being rescued from... View Article
  
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• Holland & Barrett opens two new Oxford Street stores

  20-12-2024 13:47 via retailgazette.co.uk
  
  Holland & Barrett has opened the doors to two new stores on Oxford Street today (20 December).
  The health and wellness retailer unveiled a 2,282 sq ft branch at 385 Oxford Street near Bond Street station, with the second 1,500 sq ft store located at the opposite end at 146/148 Oxford Street.
  Both branches stock the Holland & Barrett’s range of health and wellness products and services, including its newly extended food range. Related StoryHolland & Barrett eyes 50 new stores in
  
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• The Original Factory Shop hires new advisors as it explores sale

  20-12-2024 13:44 via retailgazette.co.uk
  
  The Original Factory Shop (TOFS) is working with new advisors to explore its strategic options, which could include another attempt at a sale.
  The discount chain’s private equity owner Duke Street Capital, which bought the retailer in 2007, is understood to have drafted in Teneo to handle to process, The Times reported.
  It follows the news that TOFS was working with Deloitte last year to kick off a sale process.
  A spokesman for the retailer told the outlet: “Like many retailers, the
  
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• N Brown’s £191m deal to take the company private gets FCA approval

  20-12-2024 13:41 via theretailbulletin.com
  
  N Brown Group’s proposed £191 million take-private acquisition, led by Non-Executive Director and fourth-largest shareholder Joshua Alliance, has received approval from the Financial Conduct Authority (FCA),... View Article
  
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• Tesco customers donate 1.9 million meals through Winter Food Collection

  20-12-2024 13:35 via theretailbulletin.com
  
  Tesco stores across the UK have been overwhelmed by the generosity of customers during Tesco’s Winter Food Collection, with an incredible 1.9 million meals’ worth of... View Article
  
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• N Brown gets green light for £191m take-private deal

  20-12-2024 11:12 via retailgazette.co.uk
  
  N Brown Group has received approval for a £191m take-private acquisition by Joshua Alliance, the retailer’s non-executive director and fourth-largest shareholder.
  The deal moved forward on 17 October when N Brown’s independent directors and Bidco, a company controlled by Alliance, reached an agreement on a cash acquisition. The Alliance family, which holds 53.4% of N Brown’s shares, will now acquire the remaining shares.
  This morning (20 December), the acquisition was off
  
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• In pictures: Asos unveils exclusive Adidas collection created in just three weeks

  20-12-2024 10:53 via retailgazette.co.uk
  
  Asos has launched an exclusive Design collection in collaboration with Adidas, created using its Test & React model, which allows brands to quickly respond to trends.The products were designed to align with the German sporting giant’s aesthetic, featuring sporty, casual and streetwear elements, as well as patterns such as cow print.
  The collection, which features 15 options across menswear and womenswear, includes dresses, shirts and scarves and was created in just three weeks.
  Traditi
  
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• Retail sales fall short in key festive period

  20-12-2024 09:54 via retailgazette.co.uk
  
  UK retail sales missed expectations in the key Christmas shopping month of November, official figures show.
  Retail sales nudged up 0.2%, an improvement on the 0.7% decline seen in October, according to data from the Office for National Statistics (ONS). But it was below analysts’ expectations of a 0.5% jump.
  The ONS said growth in supermarkets and other non-food stores was partly offset by a fall in clothing retailers.
  Food sales increased for the first time in three months, boosted by 0.
  
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• Quarterly retail sales increase by 10% at Network Rail stations

  20-12-2024 09:17 via theretailbulletin.com
  
  Network Rail Property has announced that total retail sales climbed by 10%, or by 6.3% on a like-for-like basis, from July to September across its portfolio of... View Article
  
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• Comment: When pubs meet retail

  20-12-2024 09:14 via theretailbulletin.com
  
  Many readers will know about my dual interests of retail and hospitality and it has therefore been very pleasing to find the increased blurring of the... View Article
  
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• Retail sales in Great Britain weaker than expected despite early Black Friday deals

  20-12-2024 09:09 via theguardian.com
  
  Sales volumes up 0.2% month on month in November but economists had forecast 0.5% riseBusiness live – latest updatesRetail sales in Great Britain were weaker than expected in November despite stores starting to cut prices early as part of Black Friday discounting in the run-up to the key Christmas shopping season.The Office for National Statistics (ONS) said sales volumes rose 0.2% month on month in November, falling short of the 0.5% that economists had forecast. Continue reading...
  
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• Boohoo bans journalists from its boardroom battle with Frasers Group

  20-12-2024 09:04 via retailgazette.co.uk
  
  Boohoo Group has banned journalists from attending its boardroom battle with Mike Ashley, as the dispute over the retailer’s future culminates.
  The ecommerce giant told media they would not be allowed to attend its annual general meeting, where shareholders will vote over calls to put Ashley on Boohoo’s board, The Telegraph reported.
  Only shareholders are thought to be admitted to the meeting, the newspaper believes, with the outcome of the vote expected to be published this afternoo
  
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• Nike CEO insists brand needs to restore its obsession with sport

  20-12-2024 09:00 via retailgazette.co.uk
  
  The new boss of Nike has insisted the brand needs to restore its obsession with sport as part of its turnaround efforts.
  CEO Elliott Hill, who returned to the sporting giant in October, said the brand had become “too promotional,” and insisted that “being premium also meant full price,” The Times reported.
  Speaking to investors on Thursday (19 December), he explained the chain’s website had been offering a 50-50 split of full price and discount items.
  It comes after
  
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• Cornish Bakery hails “runaway success” at Milton Keynes

  20-12-2024 08:42 via theretailbulletin.com
  
  Cornish Bakery has hailed the “runaway success” of its new outlet in Milton Keynes. The company said its 65th bakery has exceeded all expectations by taking... View Article
  
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• British retail sales rebound falls short of expectations

  20-12-2024 08:28
  
  Supermarkets perform well in November, but clothing stores had a tough month
  
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• John Lewis granted Royal Warrant by King Charles

  20-12-2024 08:11 via theretailbulletin.com
  
  The John Lewis department store has been granted the Royal Warrant of Appointment as supplier of household goods and furnishings to His Majesty King Charles III.... View Article
  
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• Debenhams promotes Patrick Duggan to creative director role

  20-12-2024 07:54 via theretailbulletin.com
  
  Boohoo owned Debenhams has promoted Patrick Duggan to the role of creative director. He was previously senior head of creative at Debenhams and earlier in his... View Article
  
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• Watchdog intervenes in Yorkshire farmer’s £3.7m sprout dispute with Aldi

  20-12-2024 07:00 via theguardian.com
  
  W Clappison Ltd claims its supply agreement was ended at planting time without reasonable noticeThe grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower’s £3.7m legal case against Aldi over the discount chain’s decision to terminate a long-term supply deal.In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi’s UK arm for 13 years, said its supply agreement was ended in February last year at planting time with
  
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• Second-hand fashion creates only third-rate profit

  20-12-2024 06:00
  
  Lithuanian start-up Vinted’s absence of a fee helps to expand its marketplace
  
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• Cost of UK Christmas dinner up 20% since pre-pandemic

  20-12-2024 06:00
  Price of mince pies and turkey jump driven by energy crisis and supply chain disruption
  
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• Festive online revenues rally, up +11.3%, as improving consumer confidence, extended discounting and looming Christmas delivery deadlines boost digital sales

  20-12-2024 02:29 via theretailbulletin.com
  
  Festive online revenues rally, up +11.3%, as improving consumer confidence, extended discounting and looming Christmas delivery deadlines boost digital sales Improving consumer confidence, early Boxing Day... View Article
  
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• Swap launches industry-first AI-powered returns solution for DTC brands operating through shopify

  20-12-2024 02:00 via theretailbulletin.com
  
  This new feature redefines E-Commerce operations by increasing revenue Retention and customer loyalty Swap, the e-commerce operating system (OS) that manages operations for direct-to-consumer brands, today... View Article
  
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