Year: 2019

Superdry reports ‘subdued’ store and online sales

Superdry has reported that store and online sales over the 13 week period ending 26 January were “subdued”. The Japanese-inspired fashion retailer said revenues for the period reached £269m, a drop of 1.5% compared with the same time last year. Superdry attributed the decrease to “ongoing legacy product issues and…

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Auto-replenishment: Is this how we want to shop in the future?

From supermarkets automating their stock systems, to consumers installing Amazon Dash buttons in their homes, auto-replenishment is a hot topic for many retail experts. Whatever happens in 2019, retailers will undoubtedly face a difficult year ahead, but will it be the teams harnessing and investing in new technology that come…

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Ocado warehouse blaze leads to 7% shares drop

A fire which broke out at Ocado’s distribution warehouse in Andover has led to a 7% drop in the company’s shares. An Ocado statement on the London Stock Exchange said the site was providing approximately 10% of its current delivery capacity, and as a result of this incident there would…

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Apple retail boss Angela Ahrendts quits

Angela Ahrendts has quit her role as Apple’s head of retail following five years with the technology retailer, and will vacate her post in April. Apple has not given a reason for the retail boss’s departure, following a mixed year for the company which saw it secure a trillion dollar…

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Click-and-collect market to grow to £9.8bn by 2023

The UK click-and-collect market is set to rise 45.8% over the next five years to reach £9.8bn by 2023, according to analytics company GlobalData. However, growth is expected to slow as the fulfilment method matures and services offered by retailers are optimised. The company’s latest report, ‘Click & Collect in…

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Currys PC World scolded by ASA over 10% off sale

Currys PC World has been reprimanded by the Advertising Standards Authority (ASA) over a “10% off marked price” sale, which “misleadingly” suggested “a genuine saving was available” according to the regulator. A complainant told the ASA that they understood that the Samsung Family Hub American-Style Smart Fridge Freezer had been…

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Brighthouse to close 30 stores

Rent-to-own retailer BrightHouse has announced it is to close 30 stores putting up to 350 jobs at risk. The news of the company plans to close 10% of its portfolio over the next two months comes after it reported a pre-tax loss of £22.1m from £19.9m in the same period…

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Warehouse supplying HoF to shut affecting 280 jobs

A warehouse which supplies deliveries to House of Fraser is set to close later this year, affecting some 280 job roles. Trade union Usdaw announced that the Wellingborough, Northampton site, operated by XPO Logistics will shut on 10 April. The union said the closure ended months of “uncertainty for staff”…

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Poundland sells 20,000 engagement rings in a week

Discount retailer, Poundland has announced it has sold 20,000 of its £1 engagement rings within a week of going on sale. Poundland’s Bling Ring range made headline news upon its release and has been marketed as a “placeholder” ring, with the words “because we promise they’ll want to choose their…

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The true impact of loyalty card fraud

As banks and credit card issuers invest more resources in making card fraud tougher, criminals are following the money and setting their sights on loyalty points programmes. Loyalty card fraud is a growing problem for retailers; these accounts are regarded as ‘easy pickings’ by the fraudsters, typically only protected by…

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