UK’s John Lewis eyes end of 100% staff ownership

March 18 (Reuters) - British retailer John Lewis, which has been 100% owned by its staff, is considering diluting its partnership structure, The Sunday Times reported on Saturday. The report said that the company would consider selling only a minority stake and its priority would be to maintain majority employee ownership. Chairperson Sharon White is in the... Continue Reading →

Starbucks to open 100 new UK coffee shops

// Starbucks is opening 100 new coffee shops as it invests £30m into the UK // The coffee chain explored selling its UK business last July amid concerns over rising costs and increased competition from rivals Starbucks has squashed rumours it is looking to sell its UK business after it unveiled plans to open 100 new coffee shops... Continue Reading →

The top retail trends for 2023

Permission granted by Square By Maya Rollings The retail industry is reshaping the shopping experience in 2023, redefining not only how we shop and sell, but where we shop and what we buy (a mimosa while shopping, anyone?). The cutting-edge retail trends below are guiding each step of the way. The boutique on your town’s... Continue Reading →

7 must-visit flagship stores opening in 2023

Sephora is one of many high-profile stores opening in 2023 Shoppers started to return to stores last year in the wake of Covid restrictions lifting. Although footfall remained 14.2% below 2019 levels, this gradually improved throughout the year. In fact, stores were the big growth channel for most retailers this Christmas. As we enter the... Continue Reading →

Christmas sales have gloomier tale to tell

Customers simply swallowed 2022’s inflation pill Christmas Day in the workhouse? Not quite. The sales of big UK retailers over the festive season were better than expected. But the frothy sales figures of many January updates will lose some fizz when flagging profits join the mix in later announcements. There is certainly no shortage of... Continue Reading →

World’s First Bob Marley Restaurant To Open As Part Of Montego Bay Airport Retail Revamp

Jamaica’s busiest international gateway, Sangster Airport, which serves resorts in and around Montego Bay, has been given a substantial retail face-lift that will soon include the first Bob Marley-branded restaurant anywhere in the world. The dining experience—called Bob Marley – One Love (after the 1984 hit, a re-recording of the 1965 Wailing Wailers single)—is scheduled to... Continue Reading →

The 12 most impactful retail acquisitions of 2022

The list: Despite an economic landscape that grew increasingly challenging throughout the year, several major deals took place in 2022. Here are the 12 most impactful ones: Kroger announced plans to buy Albertsons in a deal that values the company at $24.6 billion. The combined company would have significant purchasing power to help it compete with Walmart, which accounts for... Continue Reading →

UK’s Burberry CO & FO Julie Brown resigns

“On behalf of the board, I would like to thank Julie for her very significant contribution to Burberry’s transformation, including her central role in delivering our sustainability ambitions. Julie has built a strong financial base for the next chapter of Burberry’s growth under Jonathan’s leadership,” Burberry chairperson Gerry Murphy said in a press release by Burberry. “Julie... Continue Reading →

Joules hires ex-John Lewis director as CEO

New Joules CEO Jonathon Brown Joules has hired former John Lewis omnichannel director Jonathon Brown as CEO. Brown, who was most recently CEO of Compare The Market, will replace Nick Jones, who revealed he would stand down earlier this year.  Brown will become CEO designate on 7 September before taking over on 30 September. The retailer... Continue Reading →

M&S named official tailor of England football teams

UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and women’s football teams. Spanning three years, the partnership builds on the retailer’s longstanding relationship with The Football Association, dating back to 2007 when M&S became the Official Suit Supplier to the England Senior Men’s Team. The in-house designed collections will... Continue Reading →

Starbucks explores sale of UK business

Starbucks is eyeing a sale of its UK business // Starbucks are understood to have hired adviser Houlihan Lokey to assess interest in buying the coffee giant’s UK business // The coffee chain has been facing increased costs and competition in the UK Starbucks is exploring a sale of its UK business as costs rocket and... Continue Reading →

Two of LEGO's first UK airport stores opens at Gatwick, alongside new Kidstop pop-up and return of Ted Baker and Itsu Gatwick Airport has announced two new retail offers for passengers, with LEGO stores and a Kidstop pop-up opening ahead of the school summer holidays. World famous construction toy brand, LEGO, opened a store in... Continue Reading →

66ºNorth to open UK flagship this autumn

Icelandic B Corp outerwear brand 66ºNorth has announced it is opening its first UK flagship on Regent Street in London. Slated to open in the second week of September, the 3,500-square-foot store will mark 66ºNorth's first outside of Iceland and Denmark and will showcase its technical outerwear, apparel and accessories for men and women. 66ºNorth... Continue Reading →

Amazon’s new retail CEO makes clear his top priority in first email to employees. Read the full memo here.

Amazon's retail CEO Doug Herrington Amazon's new retail CEO Doug Herrington wrote his first email to employees on Tuesday outlining his plans as head of worldwide stores.Herrington emphasized working more closely with Amazon's operations unit as a top priority.He replaces Dave Clark, who abruptly resigned last month. Amazon promoted longtime executive Doug Herrington to CEO of Worldwide... Continue Reading →

UK Abercrombie & Fitch stores get same-day delivery option

As consumer expectations of delivery times get more and more demanding, Abercrombie & Fitch has expanded its same-day delivery option to most of its UK stores.Photo: Sandra Halliday  That means 30+ branches that are able to fulfil orders from the Abercrombie & Fitch (including Abercrombie Kids), Hollister, Social Tourist and Gilly Hicks webstores.The American company is working with logistics firms... Continue Reading →

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