Retail news

• Space NK sells its US wholesale division

  21-06-2024 08:35 via theretailbulletin.com
  
  Space NK’s US wholesale division has been acquired by The PCA Companies. According to a report by Cosmetics Business, the sale includes the beauty retailer’s entire... View Article
  
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• Tesco’s £25 champagne beats Moët & Chandon in festive taste test

  16-11-2024 06:00
  
  Supermarket fizz bursts the prestigious French label’s bubble in blind tastings by consumer group Which?Champagne at prosecco prices? Every little helps. Tesco’s Finest champagne has triumphed over the prestigious French label Moët & Chandon in a festive quaff test.The Tesco Finest premier cru brut champagne received the top score of 82% in a blind taste test conducted by the consumer group Which?. The £25-a-bottle bubbly was hailed by judges for its “nutty aroma
  
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• ‘Glad to be here’: whether for Le Creuset or Sephora, Britons seem to love a queue

  15-11-2024 14:51
  People lining up for recent retail offerings in Birmingham and Hampshire are just part of a long tradition, say expertsIn the early hours of Wednesday inside the Bullring shopping centre in Birmingham there were scenes reminiscent of a political sit-in, or perhaps an emergency shelter. Clips shared on social media show hundreds of people sitting or lying quietly on the floor, tightly packed together. “Regretting life decisions at the moment,” wrote one TikTok poster. “Currently
  
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• Comment: Missed employment opportunities

  15-11-2024 13:04 via theretailbulletin.com
  
  Recruitment is a perennial headache for businesses of all descriptions but especially for retail as it is not only one of the biggest employers but is... View Article
  
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• Global study: Axonify’s 2024 Deskless Report reveals optimism on the frontline but workers & managers are feeling the strain

  15-11-2024 11:21 via theretailbulletin.com
  
  Axonify, a global leader in frontline learning and enablement, today released the 2024 Deskless Report, which revealed that understaffing, burnout, fractured communication and customer conflicts are... View Article
  
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• Lidl increases British food investment by 40% to £21bn

  15-11-2024 10:46 via retailgazette.co.uk
  
  Lidl is “on track” to invest £21bn in the British food industry by the end of 2024, exceeding its original five-year target of £15bn by 40%.
  In the last year alone, the German discounter said it has invested around £5bn across a range of sectors in a bid to champion British agriculture.Currently two thirds of the discounter’s products within its permanent range are from British suppliers, with 100% of its fresh everyday milk, butter, eggs, cream, pork, chicken
  
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• John Lewis Christmas ad takes viewers on a magical journey to find the perfect gift

  15-11-2024 09:51 via theretailbulletin.com
  
  John Lewis has launched its highly anticipated Christmas advert which aims to transport viewers on an emotional and magical journey to find the perfect Christmas gift.... View Article
  
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• How Asos, M&S, Primark and Zalando are navigating a challenging fashion market

  15-11-2024 09:40 via retailgazette.co.uk
  
  Over the last week there has been a raft of updates from fashion retailers, from Primark to M&S.
  The results have highlighted the different strategies fashion retailers are deploying to stay ahead in a fragmented and challenging market.
  From agile inventory models to premium positioning, each retailer has its own distinctive plan to drive growth amid shifting consumer behaviours, economic pressures, and rising competition.Asos
  Becoming more trend-responsive
  As the online fashion giant contin
  
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• Virgin Experience Days welcomes Richard Segal as chair

  15-11-2024 07:44 via theretailbulletin.com
  
  Virgin Experience Days has appointed Richard Segal as its new chair. Segal has extensive experience of working with digital and consumer facing businesses including chairing Direct... View Article
  
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• Burberry unveils turnaround plan as it swings to half year loss

  15-11-2024 07:44 via theretailbulletin.com
  
  Burberry has announced a new turnaround initiative as it looks to “reignite” its appeal to to luxury customers, improve performance and drive long-term value creation. The... View Article
  
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• Burberry unveils turnaround plan as it posts half year loss

  15-11-2024 07:44 via theretailbulletin.com
  
  Burberry has announced a new turnaround initiative as it looks to “reignite” its appeal to to luxury customers, improve performance and drive long-term value creation. The... View Article
  
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• Moss to launch new London Victoria store

  15-11-2024 07:43 via theretailbulletin.com
  
  Moss is opening a new store in London’s Victoria this month and working through the refurbishment of six existing shops. The menswear brand’s Victoria store will span... View Article
  
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• EG Group reports increased profits

  15-11-2024 07:15 via theretailbulletin.com
  
  EG Group has seen its underlying EBITDA rise by 8% to $300 million in its third quarter after good performances in its grocery & merchandise and... View Article
  
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• Lucy Boynton switches on new festive Bond Street lights by Chanel

  15-11-2024 07:10 via theretailbulletin.com
  
  British actress and Chanel ambassador Lucy Boynton switched on the Chanel N°5 lights on Mayfair’s Bond Street yesterday as part of a collaboration between Chanel Fragrance... View Article
  
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• Retailers open up windows of opportunity in own-brand jewellery

  15-11-2024 05:00
  
  Shops are building on well-established customer bases to offer high-margin products alongside existing lines
  
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• Pre-owned comes of age with Seddiqi’s push into vintage Rolexes

  15-11-2024 05:00
  
  Dubai retailer sees changing appetites in the Middle Eastern market, where consumers historically favoured almost exclusively new models
  
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• Independent jewellers realise potential of physical stores

  15-11-2024 05:00
  
  A shift in focus from ecommerce is in response to demand from clients for a more personal, tactile experience
  
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• Gen Z fuels fast-growing second-hand watch market

  15-11-2024 05:00
  
  As sales of new timepieces decline, younger buyers priced out of more expensive assets are showing an appetite for value
  
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• Realism arrives at Burberry after fashion (and share buyback) mistakes | Nils Pratley

  14-11-2024 19:09
  
  After stunning collapse in profits, chief executive aims to ‘course correct’ and ‘celebrate heritage’The prize for the most hubristic share buyback of recent years goes to Burberry. Only 12 months ago the fashion group was boasting about how it had just completed a £400m buyback, its second of that size in two years. Now, after a stunning collapse in profits, the company can’t even afford to give its shareholders a dividend and the (inevitably) new chief execu
  
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• Burberry’s new strategy is one check on a long list

  14-11-2024 16:46
  
  Returning to its roots may take luxury retailer back to the root of its problem
  
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• Ben & Jerry’s says Unilever tried to block pro-Palestinian statements

  14-11-2024 14:58
  
  Ice-cream brand takes legal action against parent company which it claims threatened to dismantle boardBusiness live – latest updatesBen & Jerry’s has launched legal action against Unilever, accusing its parent company of trying to block the ice-cream brand from making public statements supporting Palestinian refugees in the conflict in Gaza.The lawsuit also claims that Unilever has threatened to dismantle its board and sue directors over the issue. Continue reading...
  
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• Watch: All of retail’s Christmas 2024 ads, from John Lewis to Sports Direct

  14-11-2024 13:39 via retailgazette.co.uk
  
  As the festive season fast approaches, most major retailers have released their Christmas adverts for 2024.
  With celeb guests ranging from Dawn French and Nigella Lawson to beloved Roald Dahl character the BFG and Kevin the Carrot, there’s truly something for everyone in this year’s Christmas campaigns.
  Retail Gazette takes a look at the Christmas adverts released so far. Let us know your favourite in the comments section.
  John Lewis
  In its highly anticipated festive advert for 2024,
  
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• Alexandre Arnault made Moët Hennessy deputy CEO in LVMH reshuffle

  14-11-2024 13:15
  
  Bernard Arnault’s 32-year-old son spent past 4 years at Tiffany
  
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• Alexandre Arnault appointed deputy chief of Moët Hennessy in LVMH reshuffle

  14-11-2024 13:15
  
  Bernard Arnault’s 32-year-old son spent past 4 years at Tiffany
  
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• Burberry jumps after chief vows to ‘act with urgency’ following loss

  14-11-2024 11:19
  
  Stock rises nearly 15% as luxury brand sets out plan to refocus on core products such as trench coats and scarves
  
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• B&M well positioned for Golden Quarter as profits climb

  14-11-2024 10:44 via retailgazette.co.uk
  
  B&M has said it is well positioned for the Golden Quarter as its profits increased in the six months to 28 September.
  Sales at the variety retailer climbed 3.7% to £2.6m, driven by volume growth, as UK revenues also hit £2.1m for the period.
  Meanwhile, group EBITDA edged up 2% to £274m. But group adjusted operating profit fell 1.8% to £258m as B&M faced higher costs following an increase in stores and investment in its supply chain in France.
  In order to futu
  
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• Alexandre Arnault named deputy chief of Moët Hennessy in LVMH reshuffle

  14-11-2024 10:33
  Bernard Arnault’s 32-year-old son spent past 3 years at Tiffany
  
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• Burberry’s turnaround chief plans £40m cuts and ‘scarf bar’ rollout

  14-11-2024 09:56
  
  Shares in fashion brand jump as ‘urgent’ cost-cutting programme announced following half-year lossesBusiness live – latest updatesBurberry has unveiled a £40m cost-cutting programme as its new chief executive pledged to “stabilise the business” with a turnaround plan aimed at reviving the fortunes of the ailing British luxury fashion brand.Joshua Schulman, the former Coach boss who replaced his ousted predecessor, Jonathan Akeroyd, in July, said the company wa
  
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• B&M well positioned for the Golden Quarter

  14-11-2024 09:51 via theretailbulletin.com
  
  B&M has said it is well positioned for the Golden Quarter as it reported that its group revenue increased by 3.7% to £2.64 billion in the... View Article
  
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• John Lewis Christmas ad shows search for perfect gift – video

  14-11-2024 09:30
  
  This year's John Lewis Christmas ad breaks the mould – by actually being about Christmas shopping, without a lovable penguin or snowman in sight. The Narnia-inspired tale is about a woman’s last-minute dash to buy the perfect gift for her sister. There is still magic: like the children in The Lion, the Witch and the Wardrobe, she tips through a rack of dresses into a world of memories that give glimpses of her sister growing up John Lewis Christmas advert this year tells tale of two
  
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