The supermarket giant said the shake-up is part of a restructure which would see more customer service staff and fewer managers Morrisons is to axe 1,500 shop floor workers as it becomes the latest supermarket to announce large-scale job cuts. The supermarket giant said the shake-up is part of a restructure which would see more... Continue Reading →
M&S plans closure of 14 more UK stores
M&S plans closure of 14 more UK stores British retailer Marks & Spencer said on Wednesday six UK stores would close by the end of April, while a further eight had been identified for closure. M&S said in November 2016 it would reposition about 25 percent of its clothing and home space through a combination... Continue Reading →
Superdry Sport to design Invictus UK team kit for next year’s Games as agreed a deal to design and provide free bespoke technical sports kit and team clothing for UK Team competitors and supporters at next year’s Invictus Games. Invictus Games Toronto 2017, UK Team supported by Help for Heroes Under the deal, Superdry Sport’s... Continue Reading →
Al-Futtaim buys M&S retail business in Hong Kong & Macau
United Kingdom : Al-Futtaim buys M&S retail business in Hong Kong & Macau - Apparel News United Kingdom Al-Futtaim has acquired the retail business of Marks and Spencer (M&S) in Hong Kong and Macau. The sale completed on December 30, 2017 after several discussions, now sees Al-Futtaim become the new sole franchisee for M&S in... Continue Reading →
Co-op to open 100 new stores in 2018
Co-op to open 100 new stores in 2018 as it continues expansion The Co-op has confirmed plans to open 100 new stores across the UK this year, creating an estimated 1,600 jobs, as part of a continued drive to expand its footprint across the country. The retailer is spending more than £160m on new store launches, with more than... Continue Reading →
Hamleys opens biggest store
Hamleys opens biggest store on the planet British toy giant Hamleys has opened its largest worldwide flagship store in Beijing spanning over 115,000sq ft. The 257-year-old store opened the doors its new location just two days before Christmas, accompanied by an exclusive parade to mark the occasion. The British ambassador Barbara Woodward and Sanpower chairman... Continue Reading →
Poundworld loses CEO
Gerry Gray, who had held the role of chief executive at Poundworld for almost two years following a long career with Tesco, has resigned and left the business. Steve Johnson, executive chairman, is assuming the role until a permanent appointment can be made.
Arket to open third store in London
H&M’s Group newest brand, Arket, is set to open its third store in London next spring as the Swedish retail group continues to roll out its latest store concept. Set to open in spring, 2018, the store will be located in Westfield Stratford City. The third UK Arket store opening comes after the brand’s debut... Continue Reading →
Westfield London signs 70,000sq ft Primark store
Primark is set to take a 70,000sq ft store in Westfield London’s new 740,000sq ft expansion that is expected to open next summer. The store will be the second largest in the shopping centre’s £600 million expansion, after John Lewis’s 230,000sq ft anchor. After the new extension is opened to the public, Westfield London is... Continue Reading →
South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis
Christo Wiese. Photographer: Waldo Swiegers/Bloomberg South African retail tycoon Christo Wiese dropped from the billionaire ranks earlier on Thursday after the stock of Steinhoff International Holdings, the retail conglomerate where Wiese serves as the chairman, fell 80% in the course of two days. The company’s shares plunged after its CEO, Markus Jooste, resigned due to accounting irregularities,... Continue Reading →
Toys ‘R’ Us prepares to shut a quarter of its 105 UK stores
• News comes ahead of the busy Christmas period, a crucial time for high street • Stores will remain open during the Christmas period and into the New Year • In September, the company’s US arm filed for bankruptcy protection Toys R Us is preparing to shut a quarter of its UK stores, with the... Continue Reading →
Thomas Cook to close 50 high street shops
Thomas Cook has announced it plans to close high street branches. PIC: Lewis Stickley/PA Wire Travel giant Thomas Cook is to close 50 high street shops, putting 400 jobs at risk, just weeks before Christmas. The closures will affect Thomas Cook and Co-operative Travel branded stores and will take place between now and March 2018.... Continue Reading →
Joe Browns opens debut store at Meadowhall
Situated on Meadowhall’s High Street, the 4,000 square foot shop was designed by creative agency Dalziel and Pow. Simon Brown, managing director and founder of Joe Browns, said: “I’m absolutely delighted with the store, I think we’ve achieved what we set out to do, which was to create an impressive three- dimensional version of our... Continue Reading →
Fashion chain Hobbs bought by South African firm
The deal saw private equity owner 3i offload the business for an undisclosed sum, although a price tag of £80 million has been mooted. Hobbs has become the latest British retailer to fall into South African hands after it was acquired by The Foschini Group. The deal saw private equity owner 3i offload the fashion... Continue Reading →
In Pictures: Harvey Nichols 2017 Christmas Windows
Premium department store Harvey Nichols has unveiled its Christmas windows for 2017, its largest visual scheme of the year. For this year's festive season, the luxury retailer looked for inspiration from the Autumn/Winter 2017 fashion weeks and pre-spring collections, selecting the most vibrant colours to catch customer's eyes. During the dark winter season, Harvey Nichols... Continue Reading →
Oxford Street may become ‘the world’s best outdoor shopping experience’
If plans to transform Oxford into a pedestrianised area go through, the Western section of Oxford Street may well become the 'world's best outdoor shopping experience.' Ambitious plans for the transformation of the shopping district where unveiled today by the Mayor of London, Sadiq Khan and Deputy Leader of Westminster City Council, Cllr Robert Davis.... Continue Reading →
Asda hires former Carrefour exec Jesús Lorente as new merchandising boss
Asda has hired Carrefour’s former chief merchandising officer Jesús Lorente for a similar role as the Big 4 grocer undergoes a leadership overhaul. The news comes a week after Asda announced that deputy chief executive Roger Burnley will replace current chief executive Sean Clarke from January 1. Lorente will succeed Andrew Moore, who is stepping from... Continue Reading →
Argos launches Christmas advertising campaign
The 60 second TV commercial is set in a magical Argos distribution centre where a troupe of Argos elves are helping Santa to deliver gifts across the country. Created by CHI & Partners and directed by Gary Freedman, the advert aims to highlight Argos’s commitment to speedy delivery and its Fast Track same-day delivery service.... Continue Reading →
Lloydspharmacy chief Cormac Tobin resigns
Cormac Tobin had been with the Celesio group for more than 10 years Cormac Tobin, managing director of Lloydspharmacy's parent company Celesio UK, has left the company “with immediate effect”, the multiple has announced. His departure comes just one week after Mr Tobin – who had been with the Celesio group for more than 10 years... Continue Reading →
Next’s full price sales improve
by The Retail Bulletin In the three months to 29 October online sales climbed by 13.2% but sales in the retailer’s stores were down 7.7%. In a statement, Next said the lower clearance rates seen in its summer end-of-season sale this year had continued into the third quarter, both in the mid-season sale and its... Continue Reading →
Hugo Boss launches first digital showroom
Hugo Boss has launched its first digital showroom in Berlin, Germany, marking a shift in the company's strategy. The German fashion brand presented its Hugo pre-fall collection for 2018 at a pop-up space in Berlin to showcase its digital showroom last week. Via a 65 inch touchscreen, which resembles a table, viewers were able to... Continue Reading →
Asda appoints Roger Burnley as new president and CEO
by The Retail Bulletin He will succeed current chief executive Sean Clarke who has held the position since July 2016. In a statement, the company said Clarke will be “taking some time out” but will “remain engaged” with Walmart. Burnley returned to Asda as chief operating officer and deputy chief executive in October 2016 and... Continue Reading →
M&S clothing boss leaves weeks after starting new role while John Lewis director quits
M&S clothing boss leaves weeks after starting new role while John Lewis director quits A senior boss is leaving M&S's clothing division Marks & Spencer’s clothing recovery has been dealt a fresh blow after one of its senior directors quit while John Lewis’s boardroom is facing a reshuffle with the departure of a senior director.... Continue Reading →
Debenhams appoints David Adams as non-exec director
He will join the audit and remuneration committees and will become chairman of the audit committee in January 2018 when Mark Rolfe steps down from the Debenhams board. With 30 years retail experience, Adams is a former finance director and deputy chief executive of House of Fraser and has also been chairman of Jessops and... Continue Reading →
Marc Jacobs opens first online flagship store in China
Marc Jacobs opens first online flagship store in China Oct 18, 2017 Marc Jacobs has recently launched first online flagship store in China with Viplux, the flagship luxury channel for international luxury and premium brands on vip.com. The Marc Jacobs China-based online flagship is offering its hip hop-inspired fall 2017 collection to 300 million vip.com... Continue Reading →
Galvan open first retail space in London
Womenswear brand Galvan is set to open its debut retail concept, which will comprise of a showroom, bridal atelier, office, and archive space for the independent label. Located at Clarendon Cross, Notting Hill, the studio will allow customer to purchase current collection, pre-order from next collection, as well as place orders from Galvan’s archive of... Continue Reading →
Sainsbury Cuts Jobs as Brexit Puts Online Retailers Off U.K.
Sainsbury Cuts Jobs as Brexit Puts Online Retailers Off U.K. The U.K. retail industry’s Brexit-linked turmoil deepened as J Sainsbury Plc said it would cut as many as 2,000 jobs, Zalando SE said the market is losing attractiveness and rival online fashion site Asos Plc discussed contingency plans. Sainsbury’s move follows Tesco Plc, which announced... Continue Reading →
Fat Face ramps up festive closures
Lifestyle retailer Fat Face will extend its closing times during the festive break and plans to shut 40 stores on Boxing Day, Drapers has learned. The Boxing Day closures, which take place on the same day its winter Sale period starts, are four times greater than last year’s pilot, when 10 shops shut on the... Continue Reading →
Topshop and Topman New Zealand to close stores
Topshop and Topman New Zealand to close stores Topshop and Topman New Zealand are closing its Auckland and Wellington store after a failed attempt to find a buyer for the fast-fashion retailer. Topshop and Topman is operated by Top Retail in New Zealand, with the firm entering voluntary administration in early September on the back... Continue Reading →
The biggest Primark ever is opening in the UK next year
(Photo by Peter Macdiarmid/Getty Images) Primark fans, take a deep breath, because we’ve got some amazing news for you. Primark is set to open a brand new store – and it’s going to be bigger and better than ever. The biggest in the UK, in actual fact. The new store, which is going to be... Continue Reading →
Primark takes biggest letting in 25 years
Primark takes biggest letting in 25 years at Centre:MK Primark is set to take over the former BHS store at Centre:MK in Milton Keynes, marking the shopping centre’s largest letting in quarter of a century. The discount fashion retailer has penned a deal to move into the 75,000sq ft space, a year after BHS vacated... Continue Reading →
House of Fraser H1 profits and sales hit by heavy discounting
British department store chain House of Fraser half-year earnings fell to an 8.6 million pound loss for the 26 weeks to July 29, 2017, down significantly from its EBITDA profit of 900,000 pounds for H1 2016. House of Fraser’s like-for-like sales and profits for the first half of the year dropped after being heavily disrupted... Continue Reading →
Fat Face makes four internal senior promotions
Fat Face has promoted four of its senior staff to director level as part of an ongoing investment drive to improve its products and ecommerce divisions. Emma Shaw has been promoted from head of design to design director, while Kate Brown was promoted from head of buying and quality to buying and quality director. Shaw... Continue Reading →
Profits at House of Fraser under pressure from web platform launch
1 half-year earnings sunk to an £8.6m loss Profits at House of Fraser have come under strain after the launch of a new web platform and "significant discounting" took its toll on the retailer. The department store chain said half-year earnings sunk to an £8.6m (€9.7m) loss, down from a £900,000 profit in 2016, as... Continue Reading →
BHS.com sales soar 35%
Online sales at BHS grow 35% thanks to new start-up mentality. The MD of BHS.com has revealed sales at the online retailer have increased by over a third in Q2. Speaking to the Press Association, BHS.com MD Kevan Mallinder said sales grew 35%, bolstered by its womenswear clothing range which increased 350% over the period.... Continue Reading →
Monki announces new UK store openings
Following the openings of Arket and Weekday on London's Regent Street in August, parent company H&M has announced plans to open two new Monki stores, one at Westfield Stratford and the other at Buchanan Galleries in Glasgow. Both stores will adopt the Monki World concept, leading customers into an imaginery universe that has inspired 115... Continue Reading →
McDonald’s workers on strike in the UK for the first time
McDonald’s workers are staging their first UK strike since the US burger chain opened in Britain over forty years ago, amid a heated row over zero-hours contracts and claims of workplace bullying. The 24 hour strike began at midnight at two outlets owned by the fast food giant which has been selling its burgers to... Continue Reading →
Burberry to open new flagship store in Knightsbridge, London
The ew store is part of the first phase of The Knightsbridge Estate K1 development (1, Sloane Street) and will see Burberry relocating its local flagship from nearby Brompton Road where it currently trades from twin men’s and women’s shops. The new move to a site not far from Harvey Nichols will give it the... Continue Reading →
Radley to target America with Macy’s deal
British handbag and accessories brand Radley is set to return to the American market, following its withdrawal six years ago, after signing an exclusive deal with US department store chain Macy’s. The deal, will see Radley opening concessions in 100 Macy’s stores by Christmas, with as many as 300 possible within the next 12 months,... Continue Reading →
Poundland given one of the biggest ever retail food safety fines
Poundland given one of the biggest ever retail food safety fines as mouse droppings found on baby clothes The discount chain had to close one of its busiest stores when evidence of mouse droppings and urine were found on food shelves alongside gnawed and soiled packets of biscuits, nuts, sweets and popcorn Poundland has been... Continue Reading →
New Look chief Kristiansen to step down
The chief executive of New Look is to step down just over two years after his turnaround of the high street fashion chain paved the way for its £2bn sale. Sky News has learnt that Anders Kristiansen is to leave the company, which is majority-owned by South African investor Brait, in the coming weeks. His... Continue Reading →
Sir Philip Green’s retail empire agrees to pay £30m to BHS creditors
Arcadia, which owned BHS until it was sold to Dominic Chappell-led consortium, reaches deal with store’s liquidatorsSir Philip Green’s Arcadia retail empire has agreed to pay £30m to unsecured creditors of BHS following the collapse of the department store chain with the loss of 11,000 jobs.Arcadia, which owned BHS until it was sold to a... Continue Reading →
Tiffany & Co first half 2017 sales increased 2%
Tiffany reported its financial results for the three months (“second quarter”) and six months (“first half”) ended July 31, 2017. In both periods, modest net sales increases and improved operating margins contributed to growth in diluted earnings per share.In the second quarter: Worldwide net sales increased 3% to $960 million, while comparable store sales declined 2%.... Continue Reading →
Gant’s UK retail boss exits
The head of retail for Gant’s UK and Irish arm has resigned after almost five years in the position.Darren Whelpton-Smith has moved on to rugby leisurewear brand Raging Bull as its head of retail, wholesale and ecommerce.Whelpton-Smith is a former area manager for fashion chains Levi’s and Republic, and his last role before Gant was... Continue Reading →
Former BHS owner Dominic Chappell to be prosecuted by pensions regulator
Dominic ChappellDominic Chappell, the former BHS owner, is to be prosecuted by The Pensions Regulator for failing to provide information to an investigation into the sale of the collapsed retailer.Mr Chappell headed up Retail Acquisitions, the company that acquired BHS for £1 from billionaire Sir Philip Green in 2015.The TPR said it is prosecuting Mr... Continue Reading →
COMMENT: Why has Aldi overtaken Waitrose and M&S?
Our most recent UK Customer Satisfaction Index (UKCSI) reveals striking evidence that customers hold the power when it comes to business performance.The index reveals Aldi as the highest performing supermarket for customer satisfaction, overtaking heritage brands M&S and Waitrose, while also making the largest gains in sales and market share.The three supermarkets with the lowest... Continue Reading →
Athleisure craze set to peak at £2.5bn in 2017
The athleisure trend sweeping the UK is predicted to drive the sportswear market’s value to £2.5 billion in 2017.According to a new report from GlobalData, sports clothing has jumped eight per cent year-on-year as retailers rush to cash in on the trend and release their own athleisure ranges.This is nearly four times the growth of... Continue Reading →
30 Things You Didn’t Know About John Lewis
“Westfield Stratford City – John Lewis” by EG Focus is licensed under CC BY 2.0Despite being a 150-year-old department store, the UK’s John Lewis brand has been quick to evolve with the times and set its own standards in retailing.The retailer is famed for its ‘fair’ approach to business from its ‘partnership’ status to its... Continue Reading →
UK luxury retailer Fortnum & Mason closes its Dubai store
The multi-level store in Downtown Dubai was opened in 2014British luxury retailer Fortnum & Mason has closed down its store in Dubai, it confirmed on Thursday.Located in Downtown Dubai, the multi-level store was opened in 2014 as Fortnum & Mason’s first location outside London.However, the brand said in a brief statement that the slowdown in... Continue Reading →