Category Archives: Retail industry

EU plant exporters turning backs on UK over ‘painful’ border checks, says trade group

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Trading relationships at ‘breaking point’ because of delays and costs, garden centres and nurseries warn

Exporters of plants and flowers from mainland Europe are turning their backs on supplying Britain as “painful” new Brexit border checks are putting some trading relationships at “breaking point”, garden centres and nurseries have warned.

The Horticultural Trades Association (HTA), which represents garden retailers and growers, said long-held links between British nurseries and EU suppliers were now being put under strain because of the delays and costs associated with the new border processes.

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ACCC sues Coles and Woolworths over allegations of ‘illusory’ discounts on common products

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Competition watchdog alleges supermarkets briefly increased prices on hundreds of products before placing them in discount promotions

The competition regulator is suing Coles and Woolworths over allegations they misled shoppers by engaging in “illusory” discounts on hundreds of common supermarket products.

The Australian Competition and Consumer Commission (ACCC) claimed on Monday that the major chains derived significant revenue from the sale of tens of millions of products sold through promotions that the regulator says breached consumer law.

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B&Q owner Kingfisher reports weak demand for kitchens and bathrooms

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Shares in FTSE 100-listed company rise after it reports improved full-year profit forecast

The chief executive of Kingfisher, which owns the B&Q and Screwfix chains, has said demand for kitchens and bathrooms in the UK has plateaued but overall sales are showing signs of recovery, as the retail group reported sliding half-year revenues.

Thierry Garnier said demand for big-ticket categories had remained weak, in line with the wider market, while sales of seasonal products – from garden furniture to barbecues – had improved since early July.

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Traffic to be banned from London’s Oxford Street under Sadiq Khan plan

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Mayor to be given power to overrule Westminster council, which blocked previous plan amid concerns over rerouting buses

Traffic will be banned from London’s Oxford Street under plans announced by the mayor, Sadiq Khan, using new powers from Labour to push through long-thwarted pedestrianisation of the capital’s famous shopping strip.

Khan said urgent action was needed so that the mile-long street could “once again become the leading retail destination in the world.”

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Aldi says a basket of its goods is cheaper than a year ago as it cuts prices

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Supermarket has come under pressure as rivals such as Tesco and Sainsbury’s have promised to match its prices

Aldi has said the price of a basket of its goods is lower than a year ago despite ongoing grocery inflation, as the discount chain tries to fight back against increasing pressure from rivals’ price-matching schemes.

The German-owned budget retailer said a slowdown in growth this year – sales are rising by just 0.5% compared with 16% last year – was partly caused by a decision to cut prices as big chains including Tesco and Sainsbury’s have won back customers by promising to match Aldi on key items.

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Body Shop’s remaining UK stores saved after rescue deal agreed

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British cosmetics tycoon Mike Jatania leads consortium to acquire UK’s 113 outlets and outposts in Australia and North America

The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.

Auréa, the growth capital firm founded by Jatania and former UBS, Credit Suisse and Merrill Lynch executive Paul Raphael, said it had bought all the Body Shop International’s assets, which include its UK stores and control of outposts in Australia and North America for an undisclosed sum.

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Drinking wine to 5: Dolly Parton launches prosecco and rosé range in UK

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Country music star’s ‘down to earth’ range at Asda goes head to head with Kylie for the ‘easy drinking’ top spot

Whether it’s 9 to 5, Jolene or Islands in the Stream, Dolly Parton fans are no stranger to belting out her hits with a glass of wine in hand, but now they can sip her vino, too, as the singer’s “down to earth” wine range goes on sale in the UK.

The brains behind Dolly Wines say they have bottled Parton’s “vivacious spirit and love for life” with the decision to branch out from selling albums to alcohol pitting the US country music star against the pop princess Kylie in the battle for the “easy drinking” top spot.

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Asos to charge shoppers who regularly return large amounts of goods

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Online fashion retailer writes to some customers to say they face £3.95 fee unless they keep up to £40 of order

Asos is to start charging UK shoppers who frequently return large amounts of goods a fee of £3.95 to send items back unless they keep up to £40 worth of their order.

The online fashion retailer, which until now has made free returns of unused items within 14 days an important part of its offer in Britain, has written to some shoppers saying it has updated its “fair use” policy for orders made from 8 October.

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Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival

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Japanese group says Couche-Tard plan undervalues firm, but leaves door open to higher offer

The parent company of the global convenience store chain 7-Eleven has rejected a near $39bn (£29.6bn) takeover offer from a Canadian rival, arguing it “grossly undervalues” the company.

Last month, Tokyo-based Seven & i revealed that it had received a bid from Alimentation Couche-Tard setting the scene for what could be Japan’s biggest ever foreign takeover.

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M&S using AI as personalised style guru in hopes to boost sales

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Shoppers can use technology to advise them on outfit choices based on their body shape and style preferences

Marks & Spencer is using artificial intelligence to advise shoppers on their outfit choices based on their body shape and style preferences, as part of efforts to increase online sales.

The 130-year-old retailer is using the technology to personalise consumers’ online experience, and suggest items to buy.

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Clogs’ popularity helps Birkenstock to highest ever quarterly sales

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‘Ugly’ footwear trend boosts German company’s results but shares fall on bigger-than-expected drop in margins

Strong sales of clogs – which have been adopted by the American models Gigi Hadid and Kendall Jenner as part of this summer’s trend for “ugly” shoes – have helped Birkenstock to the highest quarterly sales in its history.

The German shoemaker, which listed on the US stock market in October last year valued at $7.5bn, said sales of “closed-toe silhouettes”, which include its clunky clogs, rose by more than twice the average for its products.

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UK shop prices fall year on year for first time since cost of living crisis began

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Prices down 0.3% in first week of August as food inflation eases and retailers attempt to shift unsold summer stock

UK shop prices have dropped for the first time since the cost of living crisis began nearly three years ago, as food inflation eased and retailers offered discounts on clothes and household goods to shift unsold summer stock.

New data showed prices were down 0.3% in the first week of August, compared with the same period last year. That compares to a 0.2% rise in July, and the three-month average of 0%.

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‘On the front foot’: Waitrose boss confident chain is getting its mojo back

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James Bailey is confident the market has swung in its favour, with more customers and plans to open new stores

Waitrose is getting its mojo back, according to the boss of the upmarket supermarket chain, with shoppers treating themselves more often to pricier items such as green harissa paste and organic beef fillet steak as the cost of living crisis subsides for them.

James Bailey says Waitrose is selling nearly double the amount expected of its range of branded ingredients for recipes by the celebrity chef Yotam Ottolenghi, which launched in April, while sales of its Duchy Organic range are up more than 10%, as are those for its premium No 1 own label range, while sales of its budget Essentials range are falling back.

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Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

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Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

Mike Ashley’s Frasers Group is seeking approval for the billionaire entrepreneur to cash in £585m of shares which could be bought back by the company in a private deal.

Under the plan, the stock market-listed retail group said it wanted permission from shareholders to buy back the shares privately from Ashley – in one or several transactions – at the market price at the time.

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Fashion retailer Shein finds child labour in its supply chain

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Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock Exchange

The online fashion seller Shein has admitted it found two cases of child labour and factories failing to pay the minimum wage in its supply chain last year, as it tries to gain backing for a potential £50bn UK stock market flotation.

The disclosure, in Shein’s 2023 sustainability report, comes after workers’ rights campaigners called for the government to oppose a possible listing of Shein on the London Stock Exchange over concerns about a lack of transparency about its supply chain and ethical questions. The British Fashion Council (BFC) has also said the listing, which could be announced as early as next month, would be a “significant concern” to the industry.

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Owner of 7-Eleven stores receives buyout offer from Canadian rival

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Proposal to Tokyo-based Seven & i by ACT could become biggest foreign takeover of a Japanese firm

The owner of the global convenience store chain 7-Eleven has received an offer from a Canadian rival to buy the company, in what could be Japan’s biggest ever foreign takeover.

The Tokyo-based Seven & i revealed on Monday that it had received a bid from the Canadian convenience store multinational Alimentation Couche-Tard (ACT) to buy its stake in the company.

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UK economy continues recovery from recession with GDP growth of 0.6%

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ONS data shows strong performance in second quarter with service sector helping drive growth

Britain’s economy has extended its recovery from recession after recording growth of 0.6% in the three months to June, handing a boost to the chancellor, Rachel Reeves, in the run-up to the autumn budget.

Figures from the Office for National Statistics (ONS) show gross domestic product continued to grow in the second quarter, after a rise of 0.7% in the first three months of 2024. The reading matched the forecasts of City economists.

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Union calls for urgent action to protect jobs as Asda ‘fights for survival’

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GMB accuses owner TDR Capital of mismanagement as sales at supermarket fall 6%

The GMB union has called on the owner of Asda to take “urgent action” to protect jobs amid signs the supermarket is “in a fight for survival”.

On Tuesday data revealed sales at Asda fell 6% in the three months to 4 August, despite continuing grocery price inflation, taking the retailer’s share of the UK take-home grocery market to 12.6% – the lowest level in at least 13 years.

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Sun, sea and sales … Britain’s delayed summer arrives to thaw the retail chill

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After a difficult period on the high street, base rates are falling, temperatures are rising and things are looking up

It’s been a second cruel summer in a row for retailers and the hospitality business, but a more prolonged spell of warmth – and the first cut in interest rates in more than four years – may finally heat up the market, if it’s not too late.

From Argos paddling pools and outdoor furniture at garden centres to Heineken beer and Unilever’s ice-cream brands, sales have been dampened by poor weather, which has added to the pressure from high interest rates and energy bills. Sales volumes were down in June and July in the UK, according to the latest CBI distributive trades survey, with retailers expecting more falls in August.

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Carpetright brand and 54 stores to be bought by rival, saving 300 jobs

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Rescue deal with Tapi Carpets and Floors will still result in about 1,000 job losses

The Carpetright brand and 54 of the flooring retailer’s stores are being bought by its rival Tapi Carpets and Floors in a deal that will save 300 jobs.

The multimillion-pound deal, which is expected to be finalised on Monday, does not include Carpetright’s head office in Purfleet, Essex, or 220 further shops, and will result in about 1,000 job losses.

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