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• Clintons returns to profit under new owner

  08-04-2025 09:59 via retailgazette.co.uk
  
  Clintons has returned to profit under its new owner following a store closure programme.
  The card and gifting retailer swung to a pre-tax profit of £38m in the year to June 29, up from a loss of £5.3m the previous year. This was despite a 14% drop in sales, from £96.5m to £82.6m.
  During the period, Clintons shuttered more than 38 unprofitable stores after an insolvency court approved a restructuring plan to avoid a total collapse. It finished the year with 163 stores
  
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• Zalando’s Q1 revenue beats forecasts as active customers hit new high

  06-05-2025 08:31 via retailgazette.co.uk
  
  Zalando has posted a solid performance for Q1 2025, reporting growth in both its business-to-consumer (B2C) and business-to-business (B2B) segments.
  For the first quarter, the German ecommerce giant’s gross merchandise volume (GMV) increased by 6.5% to €3.5b, while revenue grew 7.9% to €2.4b. Adjusted EBIT for the period rose to €46.7m, with a margin increase of 0.7 percentage points to 1.9%.
  The company highlighted strong B2C momentum, driven by successful end-of-season sal
  
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• A.F. Blakemore appoints new chief financial officer

  06-05-2025 08:21 via theretailbulletin.com
  
  A.F. Blakemore, one of the UK’s largest privately owned family businesses, has appointed Steven Nuttall as its new chief financial officer. He will succeed Ian Kellett... View Article
  
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• White Stuff CEO exits following TFG London acquisition

  06-05-2025 08:06 via retailgazette.co.uk
  
  White Stuff chief executive Jo Jenkins is stepping down after seven years in the role, following the fashion retailer’s acquisition by TFG London last October.
  Jenkins, who joined the business in 2018 from M&S, where she was director of clothing and beauty, is leaving “to pursue new opportunities.” She previously held senior roles at Next as womenswear product director.
  During her tenure, Jenkins oversaw a full business and brand transformation, with White Stuff delivering
  
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• ‘Women designing for women’: the new wave dominating UK high street

  06-05-2025 06:00
  
  Whistles recruits ex-Topshop design chief, while M&S, Uniqlo and Cos thrive with women in top creative rolesThe health of the British high street is a much-discussed topic in fashion. The latest secret weapon set to resuscitate the sector? A wave of female designers at much-loved brands.Jacqui Markham, previously the design director at Topshop and Asos, was named the new creative director at Whistles last week. She joins Maddy Evans, promoted to director of womenswear at Marks & Spencer
  
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• Skechers to be taken private by 3G Capital in biggest footwear buyout to date

  05-05-2025 20:40
  
  California-based shoe brand agrees to $9.42bn deal with investment firm as it grapples with impact of US tariffsSkechers has agreed to be taken private by 3G Capital for $9.42 bn (£7bn) in the footwear industry’s biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep US tariffs.Investment firm 3G Capital has offered $63 (£47) per Skechers share in cash, the footwear brand said on Monday. That represents a 28% pr
  
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• Surprise tariff winner: other people’s unwanted stuff

  05-05-2025 17:14 via ft.com
  While the behemoths are set to profit from the shift to thrift, not all resellers are cut from the same cloth
  
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• 3G Capital to buy shoe brand Skechers in $9bn deal

  05-05-2025 15:10 via ft.com
  Tie-up marks return to dealmaking for investment group after long search for a major target
  
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• Sainsbury’s tea to return to Fairtrade label after dropping it in 2017

  05-05-2025 12:44
  ‘Tipping point’ as supermarket’s move will increase amount of Fairtrade tea sold in UK by almost 50%Sainsbury’s has drawn a line under a previous controversial attempt to create its own ethical label by agreeing a major tea deal with the Fairtrade Foundation.As a result of the move, all classic teabags in the “by Sainsbury’s” range will move to Fairtrade, with Kerrina Thorogood, the foundation’s director of partnerships, describing the move as a &l
  
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• Bloobloom joins line-up at Spitalfields

  05-05-2025 08:58 via theretailbulletin.com
  
  Bloobloom, the French fashion eyewear brand, has joined the line-up at London’s Spitalfields. The 615 square foot store at 41 Brushfield Street is the brand’s seventh site... View Article
  
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• 7 timeless retail strategies for thriving in a competitive market

  05-05-2025 07:06 via theretailbulletin.com
  
  Retail is an ever-evolving industry that balances tradition with innovation. Whether you’re running a brick-and-mortar store, an online boutique, or a hybrid model, success depends on... View Article
  
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• John Lewis Partnership ditches lifetime perks in benefits package update

  04-05-2025 12:29 via retailgazette.co.uk
  
  John Lewis Partnership is ditching its lifetime perks for long-serving staff who leave the business.
  The retail giant informed staff that it was making changes to its benefits packages, including the end of its lifetime discount cards for people who retire after at least 15 years, The Telegraph reported.
  The move means that more employees will have access to benefits when they leave the business, such as discounts at John Lewis department stores and Waitrose supermarkets.
  Under the changes, bene
  
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• Co-op apologies after hackers access ‘significant’ amount of customer data

  04-05-2025 12:15 via retailgazette.co.uk
  
  Co-op has apologised after it revealed hackers had accessed and extracted a “significant number” of its data from its past and current members.
  The compromised data included names and contact details, but not passwords or any financial information such as bank or credit card details or transactions, it said.
  The group, which has over 2,000 stores and more than 800 funeral parlours, confirmed it was working with the National Cyber Security Centre (NCSC) and the National Crime Agency (
  
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• White Stuff chief executive Jo Jenkins to exit the business

  04-05-2025 11:00 via theretailbulletin.com
  
  White Stuff chief executive Jo Jenkins is to leave the fashion brand to pursue new opportunities. Jenkins joined the business in 2018 from Marks & Spencer... View Article
  
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• Burberry non-executive director to stand down

  04-05-2025 11:00 via theretailbulletin.com
  
  Burberry has announced that Sam Fischer is to stand down as a non-executive director to focus on business commitments in Australia where he is based. The... View Article
  
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• Clothing shortages, food waste and millions lost each day: inside the M&S cyber-attack chaos

  03-05-2025 13:00
  
  ‘It’s easier to list the things that work than the things that don’t’, said one worker, but customers are impressed by staff resilience and analysts believe the retailer will bounce backUnusual activity on tech systems over the Easter weekend was the first sign of a sustained cyber-attack on Marks & Spencer, which is costing the retailer millions of pounds a day.The group, the UK’s biggest clothing retailer which accounts for a third of underwear sales alongside
  
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• Co-op confirms that hackers accessed a significant amount of customer data

  02-05-2025 22:31 via theretailbulletin.com
  
  Co-op has confirmed that a cyber attack targeting its IT systems has resulted in the theft of private data belonging to a “significant” number of past... View Article
  
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• Co-op confirms that hackers stole a significant amount of customer data

  02-05-2025 22:07 via theretailbulletin.com
  
  Co-op has confirmed that a cyber attack targeting its IT systems has resulted in the theft of private data belonging to a “significant” number of past... View Article
  
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• Co-op apologises after hackers extract ‘significant’ amount of customer data

  02-05-2025 21:50
  
  The National Cyber Security Centre (NCSC) and the National Crime Agency (NCA) are assisting with the inquiry, the company saidThe Co-op has apologised after hackers accessed and extracted customer data in one of its systems.The National Cyber Security Centre (NCSC) and the National Crime Agency (NCA) are assisting with the investigation, the company said. Continue reading...
  
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• UK retailers under attack: why hackers hit household names

  02-05-2025 17:35 via ft.com
  M&S, the Co-op and Harrods have all been targeted by cyber criminals in recent days
  
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• M&S encourages customers to visit stores amid cyberattack

  02-05-2025 16:36 via retailgazette.co.uk
  
  M&S boss Stuart Machin has urged shoppers to visit its stores to shop in person over the bank holiday weekend.
  In a post on the food and fashion retailer’s LinkedIn, the CEO explained that the business was “really sorry that we’ve not been able to offer you the service you expect from M&S over the last week”.
  “We are working day and night to manage the current cyber incident and get things back to normal for you as quickly as possible,” he continued.
  T
  
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• Jeff Bezos to sell up to $4.75bn in Amazon stock

  02-05-2025 15:07 via ft.com
  Latest share sale disclosed after e-commerce giant warns of impact from Donald Trump’s global trade war
  
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• Amazon surpasses Q1 earnings estimates

  02-05-2025 13:52 via retailgazette.co.uk
  
  Amazon has beaten its earnings estimates during its first quarter results for 2025.
  Net sales were up 9% to £117bn during the quarter ended 31 March 2025, compared with £107.68bn the same time last year.
  Excluding the £1.05bn unfavourable impact from year on year changes in foreign exchange rates over the quarter, Amazon noted net sales were up 10% from Q1 2024.
  Operating income rose to £13.83bn over the period from £11.5bn the year before, while net income jumped t
  
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• Sainsbury’s completes first supermarket conversion of 2025 following strategic store acquisitions

  02-05-2025 13:19 via theretailbulletin.com
  
  Sainsbury’s has launched the first of 14 retail sites that it recently acquired for conversion into supermarkets. The move forms part of Sainsbury’s Next Level strategy... View Article
  
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• Temu abandons Chinese imports to US as tariffs force overhaul

  02-05-2025 13:15 via ft.com
  Ecommerce company to source all US products from local merchants as ‘de minimis’ tax loophole closed
  
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• Co-op members urge retailer to boycott Israeli goods

  02-05-2025 11:19 via retailgazette.co.uk
  
  Co-op members have compared Israel to Russia, as they called on the convenience giant to boycott Israeli goods due to the war in Gaza.
  Members are urging the retailer to stop trading with Israeli businesses in a motion issued before its annual general meeting in June, The Telegraph reported.
  The motion urged the Co-op board to “demonstrate fairness and consistency in its ethical decision-making” by ceasing the sale of Israeli items.
  The motion reads: “The Co-op was the first su
  
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• M&S boss urges shoppers to visit stores in person as it battles cyber-attack

  02-05-2025 10:51
  
  Retailer ‘working day and night’ to tackle incident that has hit its online operationsThe boss of Marks & Spencer has urged customers to come into its stores to shop in person this bank holiday weekend as the retailer works “day and night” to tackle the cyber-attack that has crippled its online operation.The retailer’s IT systems were hit by a ransomware attack almost two weeks ago. It is still not taking online orders, and the availability of some products in i
  
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• CMA mulls comparison website and price cap for vets

  02-05-2025 10:33 via retailgazette.co.uk
  
  The Competition and Markets Authority (CMA) is considering a price cap on prescription fees and a price comparison website for vets following an investigation into the veterinary services industry.
  The watchdog, which recently considered ending Aldi and Lidl’s exemption from land rules, set out 28 potential measures it could impose on Thursday if its 18-month enquiry determines that competition is not working well.
  It comes after a prior initial review of the market by the government depar
  
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• Sports Direct opens new store at Westfield Stratford City

  02-05-2025 10:09 via theretailbulletin.com
  
  Frasers Group is continuing the London expansion of Sports Direct with the opening of a new store at Westfield Stratford City. Spanning 20,000 square feet across... View Article
  
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• End appoints new chief executive

  02-05-2025 09:48 via theretailbulletin.com
  
  End has appointed Sebastian Suhl as its new chief executive. He has  succeeded Parker Gunderson who stepped down from the role on 1 May. Suhl has been... View Article
  
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