Gymshark promotes Carly Natalizia to newly created chief digital officer role
Retail Gazette | Daily Retail News
by Eloise Hill
5h ago
Gymshark has promoted its former global marketing director Carly Natalizia as its new chief digital officer. In the newly created role, Natalizia will be responsible for scrutinising and optimising the brand’s digital journey to better serve Gymshark’s audience and drive digital growth. She joined the business back in June 2022 as vice president of marketing and went on to be promoted to global marketing director in January 2023. With a wealth of industry experience, before joining Gymshark Natalizia served as chief marketing officer of The Very Group and held similar leadership marketing posi ..read more
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Footfall plunges in ‘wettest February on record’
Retail Gazette | Daily Retail News
by Eloise Hill
5h ago
UK footfall slumped in February, as consumers were put off shopping by bad weather and train strikes. Total footfall was down 6.2% year-on-year, from a 2.8% drop the previous month, according to the latest BRC-Sensormatic IQ data. High streets saw the biggest drop, falling 9.3% year-on-year from a 2.3% decline in January while footfall across retail parks slipped 5.8% during the month as shopping centre visitors declined by 7%. According to the Met Office, nearly a third more rain than usual fell in February, with some parts of the country experiencing record-breaking levels. Subscribe to Reta ..read more
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The Works axes loyalty scheme in a bid to cut costs
Retail Gazette | Daily Retail News
by Aoife Morgan
6h ago
The Works is scrapping its loyalty scheme at the end of this month as it looks for ways to reduce costs amid ongoing inflationary pressures. The value retailer’s Together Rewards programme, which gives customers five points for every £1 spent, will close down on March 30 and members have until June 29 to redeem any vouchers they have collected. The Works chief executive Gavin Peck said: “With high inflation and a cost-of-living crisis affecting many of our customers, we’ve done our best to avoid putting up prices – and we’d like to keep it that way.” Subscribe to Retail Gazette for free   ..read more
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Asda unveils record investment to become highest paying UK grocer
Retail Gazette | Daily Retail News
by Eloise Hill
6h ago
Asda is investing a record £150m in its retail pay offer to become the highest paying grocery retailer, boosting hourly pay for over 120,000 workers. The supermarket’s investment will see an 8.4% rise for hourly-paid staff, with rates increasing to £12.04 from 1 July, and to £13.21 for workers inside the M25. The move comes after a 10% uplift for hourly-paid retail roles in 2023, and a 28% total rise in retail pay since the Issa brothers acquired Asda in 2021, with a total investment of nearly £415m. The new pay rates, set to apply to staff in Asda Retail and Asda Express subject to ballot, wi ..read more
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Aldi trials parcel lockers outside stores with InPost tie-up
Retail Gazette | Daily Retail News
by Aoife Morgan
7h ago
Aldi is trialling the use of parcel lockers outside a selection of its stores as part of its strategy to make it more convenient for customers to shop at the chain. The discounter has teamed up with parcel locker provider InPost to provide lockers outside 22 of its stores across the country for a 12-week trial. The move means customers will be able to collect and return online orders from other retailers at select Aldi stores, with the aim to roll it out to more locations if successful. Subscribe to Retail Gazette for free  Sign up here to get the latest news straight into your inbox ..read more
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Asda co-owner to step aside and hire new chief executive
Retail Gazette | Daily Retail News
by Eloise Hill
7h ago
Asda co-owner Mohsin Issa is set to hand over the running of the supermarket as part of a revamp of the chain. Speaking to the BBC in his first interview, Issa explained he was carrying out a “reset” of the retailer before hiring a new CEO. He explained he was “getting to a point” where he could step aside and hire a chief executive to lead the grocer. The billionaire assured he was “here for the long haul” despite Asda’s £5bn worth of debts, and dismissed rumours of a fall out with his brother, Zuber. Dismissing questions that EG Group has overextended itself, he claimed the debt was sustaina ..read more
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Superdry extends Dunkerton’s deadline for takeover bid
Retail Gazette | Daily Retail News
by Aoife Morgan
7h ago
The deadline for Superdry co-founder and chief executive Julian Dunkerton to submit an offer for the ailing fashion retailer has been extended until the end of March. Dunkerton, who was previously given the deadline of March 1, is in talks with several potential investors about backing a take-private deal. As financing talks continue, Dunkerton’s request for an extension has been granted by the takeover panel and he now has until 5pm on March 29 to announce whether he intends to make an offer on the retailer. Subscribe to Retail Gazette for free  Sign up here to get the latest news s ..read more
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Boots poaches former Asda exec as strategy and transformation director
Retail Gazette | Daily Retail News
by Eloise Hill
7h ago
Boots has named former Asda strategy head Preyash Thakrar as its new strategy and transformation director, as the cosmetics retailer “embarks on a significant period of change”. The executive previously served as chief strategy and customer officer at Asda, leading the grocer’s strategy and partnerships team. He stepped down from the supermarket shortly after its takeover by the Issa brothers in 2021. In his most recent role, Thakrar worked as a partner and headed consumer and retail at KPMG UK. Subscribe to Retail Gazette for free  Sign up here to get the latest news straight into y ..read more
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Oxford Street revamp to generate £2.8bn additional sales by 2033
Retail Gazette | Daily Retail News
by Eloise Hill
9h ago
The Oxford Street overhaul is forecast to generate up to £2.8bn extra sales during the first five years after its completion, business management consultant New West End Company (NWEC) has found. The £90m revamp, due to start this autumn, will see improvements to the shopping district including new trees, wider pavements, and better street lighting. In January, the revamp was given the green light to kick off this autumn by two thirds of respondents to a consultation of local people, businesses, and visitors. Subscribe to Retail Gazette for free  Sign up here to get the latest news s ..read more
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Sainsbury’s looks to axe 1,500 jobs under new £1bn cost-saving strategy
Retail Gazette | Daily Retail News
by Eloise Hill
1d ago
Sainsbury’s has proposed plans to cut 1,500 roles under its Next level Sainsbury’s strategy, which the grocer unveiled earlier this month as it looks to save £1bn over the next three years. The supermarket’s plans, which are still subject to consultation, are part of its Save and invest to win programme, where any savings created are invested back into the business. The changes include simplifying its store support centre structure, creating more efficient contact centre operations, consolidating its general merchandise fulfilment network and improving its bakery offer and availability in some ..read more
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