Industry News

Knowledge is power, or so they say!  The People Pod have compiled some of the latest UK retail, FMCG industry and company news, to save you the hassle of sifting through the business pages...
 
   
 
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Mon, 6th February 2012
Pinstripe Clothing, the parent company of young fashion website Boohoo.com, experienced a profits jump last year as sales topped £24.5m in 2011.
   
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category Retail  |  source  Retail Week - Fashion Retail
 
   
   
 
Mon, 6th February 2012
Discount fashion chain Madhouse has been sold in a pre-pack deal.
   
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category Retail  |  source  Retail Week - Fashion Retail
 
   
   
 
Mon, 6th February 2012
Outdoor clothing specialist Musto is to refinance its debts to facilitate its European expansion.
   
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category Retail  |  source  Retail Week - Fashion Retail
 
   
   
 
Mon, 6th February 2012
Textiles tycoon Alshair Fiyaz has teamed up with Danish investment fund Solstra Capita to bid for collapsed retailer Peacocks.
   
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category Retail  |  source  Retail Week - Fashion Retail
 
   
   
 
Mon, 6th February 2012
Fashion retailer French Connection has issued its second profits warning in less than three months.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 6th February 2012
MyDeco chief executive Nicole Vanderbilt is to step down and will be replaced by the interiors etailers ecommerce director.
   
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category Retail  |  source  Retail Week - Multichannel and Online Retail
 
   
   
 
Mon, 6th February 2012
MyDeco chief executive Nicole Vanderbilt is to step down to be replaced by the interiors etailers ecommerce director.
   
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category Retail  |  source  Retail Week - Multichannel and Online Retail
 
   
   
 
Sun, 5th February 2012
Supermarket giant Tesco uses another name to sell through online retailer Amazon, Debenhams trading director Suzanne Harlow issues weather warning, Sparkling Nails Inc looks to the Continent and the Middle East after sales boom, David Webster to exit from hotel giant InterContinental, Wanted: 12 dying high streets to try the Portas treatment, Benetton bid overtaken by shares rush, Dr Martens polishes up for sale, David Beckham joins H&M high-street revolution with underwear collection, French Connection issues second profits warning in three months
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
French Connection has issued a profit warning, downgrading its pretax profit from £5m for the year January 31 to £4.7m, which includes a one-off exchange gain of £700,000.
   
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category Retail  |  source  Retail Week - Fashion Retail
 
   
   
 
Fri, 3rd February 2012
Clintons is organising choirs to sing songs to competition winners loved ones as part of its personalised Valentines day campaign.
   
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category Retail  |  source  Retail Week - Multichannel and Online Retail
 
   
   
 
Fri, 3rd February 2012
For many years the internet has been regarded as the greatest threat to the high street but the emergence of mobile as an effective way to link the online channel with stores is leading to a positive reappraisal of the role of physical outlets. By Glynn Davis
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
Struggling GAME Group has been offered a lifeline after its lenders agreed to revise the terms of its banking facilities.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
Barbour, the clothing brand famous for its iconic waxed jackets, has launched an internet campaign to help crack down on rogue traders who sell fake Barbour items online.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
The Association of Convenience Stores has published a guide for retailers on the upcoming tobacco display ban.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
Toy retailer Hamleys has revealed that like-for-like sales at its stores in the UK and Ireland rose 3.2% in the four weeks to 25 December 2011. Total sales increased by 3.6% while sales from international franchise stores surged by 22.4%.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
John Lewis enjoyed a sales rise of 8.9% in the week ending 28 January.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
Asdas property boss Steve Masters is leaving the grocer following an overhaul of its property and retail development.
   
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category Retail  |  source  Retail Week - Food, Grocers & Supermarkets
 
   
   
 
Fri, 3rd February 2012
A strong performance in electricals fuelled a good week for John Lewis with sales up 8.9%.
   
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category Retail  |  source  Retail Week - Food, Grocers & Supermarkets
 
   
   
 
Fri, 3rd February 2012
Marks & Spencer is to launch a TV app that will feature on Samsung Smart TVs.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 3rd February 2012
Dynamic e-commerce personalisation provider RichRelevance® has integrated its personalisation and analytics technology online at MarksandSpencer.com.
   
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category Retail  |  source  The Retail Bulletin
 
   
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Tue, 7th February 2012
Jools Oliver to launch range with Mothercare
Jools Oliver, author and wife of celebrity chef Jamie, is to launch a clothing and nursery accessories range with mother and baby products retailer Mothercare.

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Tue, 7th February 2012
Argos, Comet and Dixons pledge action on extended warranties
Electrical retailers Argos, Comet and Dixons have offered legal undertakings to improve the way the extended warranties market works, the Office for Fair Trading said today.

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Tue, 7th February 2012
Jenny Packham to design collection for Debenhams
Jenny Packham, a designer favoured by the Duchess of Cornwall, is to design a collection for Debenhams.

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Tue, 7th February 2012
Retailers come to together to promote value of apprenticeships
The UK's leading retailers came together yesterday to promote the value of retail apprenticeships.

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Tue, 7th February 2012
M&S customers recycle their 100th million hanger for Unicef
Customers at Marks & Spencer have helped the retailer raise £370,000 for Unicef through the recycling of garment hangers.

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Tue, 7th February 2012
Sainsbury's to sponsor tree planting scheme to mark Queen's Diamond Jubilee
Sainsbury's is to become the lead corporate sponsor for the Woodland Trust's Jubilee Woods Project, which aims to plant six million native British trees to mark the Queen's Diamond Jubilee.

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Tue, 7th February 2012
Tesco expands Korean virtual stores
Tesco is to expand its virtual shopping walls in South Korea to target university students.

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Tue, 7th February 2012
Mothercare to launch range with Jools Oliver
Maternity retailer Mothercare is to launch a designer range with Jools Oliver, wife of celebrity chef Jamie.

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Tue, 7th February 2012
Amazon considers first physical store
Amazon is to open its first physical shop as it looks to showcase its Kindle.

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Tue, 7th February 2012
January retail sales like-for-like drop 'sobering'
January like-for-like sales fell by 0.3%, providing a sobering picture for 2012, according to the British Retail Consortium (BRC) KPMG Retail Sales Monitor.

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Tue, 7th February 2012
Empty shops on UK high streets set to rise in 2012
A new report has claimed that the number of empty shops on UK high streets is set to rise in 2012.

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Mon, 6th February 2012
UK retail sales values down 0.3% on a like-for-like basis from January 2011
Latest retail sales figures show consumer caution returns after Christmas celebrations.

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Mon, 6th February 2012
Gieves & Hawkes reduces stock levels after overhauling its IT systems
The Savile Row company said that it has set off a tailoring revolution with its new ready to wear and bespoke ranges whist stripping out £1 million in stock.

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Mon, 6th February 2012
Snow hampers grocery supplies
Poor weather conditions across the UK hit grocery supplies over the weekend as retailers battled the snow and ice.

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Mon, 6th February 2012
Boohoo.com owner reports 80% rise in profit
Pinstripe Clothing, owner of fashion website Boohoo.com, saw pre-tax profits climb 80% to £139,000 in 2011.

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Mon, 6th February 2012
350 jobs to be created through new Little Waitrose branches
Waitrose has marked the first anniversary of "little Waitrose" by announcing it is to create 350 jobs through opening six new convenience branches in central London this year.

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Mon, 6th February 2012
Research identifies top ten good practices for multi-channel retailers
New research by the Cranfield School of Management has identified ten 'good practices' for retailers operating across multi-channels.

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Mon, 6th February 2012
Nicole Vanderbilt to leave MyDeco
Nicole Vanderbilt has stood down from her role of CEO at MyDeco just three months after the company relaunched as a direct e-commerce store.

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Mon, 6th February 2012
Waitrose reports increase in veal sales following BBC TV programme
Waitrose has reported an 18% increase in sales of veal following a feature on a BBC Countryfile programme which aimed to dispel the myths about how veal is reared in the UK.

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Mon, 6th February 2012
Carrefour appoints Georges Plassat as new CEO
French supermarket giant Carrefour has appointed Georges Plassat as its new chairman and CEO. He will succeed current incumbent Lars Olofsson will stand down from the roles in June.

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