The Daily Retail News Digest for brands and media – 16/2/23

Main Image: Cotton Traders

PRShots Digest brings you the latest retail news from Shopify, Boohoo, Wilko, New Look, JD Sports, Calzedonia, Furniturebox, Gymshark, Dr Martens, Ted baker, Kering, and Dunelm. Plus articles on why shoppers want an in-store experience, how Castore is to take on the world, 6 big beauty trends, and more.

To see the latest news go to our Twitter account @prshotsr

THE LATEST RETAIL INDUSTRY NEWS

Shopify's revenue forecast fails to impress

Shopify forecast slowing revenue growth for the current quarters with revenue growth predicted to be in the "high-teen" percentages, while analysts had forecast a rise of nearly 20%

Boohoo unveils plan to boost market cap seven-fold in the next 5 years

Boohoo has plans to boost its market capitalisation seven-fold from its current £600m over the next five years, with up to £175m in shares could be awarded to employees as part of the plan.

Wilko to cut hundreds of jobs as it restructures to stabilise business

Wilko plans to axe more than 400 jobs as it restructures after a fall in sales and a struggle to bounce back after the pandemic.

New Look warehouse night shift cut puts 500 workers at risk of redundancy

Around 500 workers at New Look’s Staffordshire warehouse are at risk of redundancy due to the fashion retailer’s plans to cut the night shift and to boost the day shift.

JD Sports’ new mega-headquarters tipped to get planning approval

JD Sports’ plans to build a new mega-headquarters near its current HQ in Bury should be approved next week the new HQ will include a gym, restaurant, creche and outdoor sports facilities.

Calzedonia group tops €3bn revenue mark in 2022

Calzedonia has published its preliminary results for FY22 and shows revenue up by 21.6% to €3.047bn from €2.5bn in FY21 ending Dec 31 2021.

Government announces long-awaited crackdown on BNPL firms

The Government has released draft legislation to clamp down on the booming buy now pay later (BNPL) sector and is starting an eight-week consultation period to get industry feedback.

UK retail return rate hit record level in 2022

Despite online retail sales falling by 11.5%, returns were 26% higher than 2021, with Black Friday causing the largest spike with returns on Monday 28th November up 308% over an average day.

Paperchase to cease online trading this week and offer 50% off in-store sale

Paperchase will cease online trading on 17 February at midnight and will launch a weekly 50% off sale in its 106 stores.

Furniturebox set for online global expansion

Online brand Furniturebox saw sales of £17m with £2.4m profit last year, and expect the 95% sales growth of the last three years to accelerate as they push into the US and other markets

Kering lays the groundwork for Gucci's relaunch

After Gucci ended 2022 on a disappointing note, the label is working on its revival by rethinking its style, focusing on timeless products, redesigning its shops and elevating the brand.

TRENDS, STRATEGY AND TECHNOLOGY

Shoppers are increasingly seeking in-store experience

PwC’s latest study on the consumers and their shopping behaviour reveals shoppers are eager to return to in-store for the experience but also shop online for deals and more transactional sales

How Dunelm is making itself at home in a volatile market

Dunelm’s total sales are 43% higher than they were pre-pandemic in the first half of 2020. So what is it doing to deliver growth when its rivals have struggled?

How homegrown sportswear brand Castore plans to take on the global giants

Manchester-based sportswear brand Castore has been growing persistently since its launch in 2015. Retail Week analyses how it is looking to take on some of the biggest names in sportswear

ChatGPT vs Bard: Which one has the edge?

Within the space of three weeks, AI has gone from being a futuristic topic thrown around in the halls of tech trade shows to the talk of the internet.

Boots predicts the six biggest beauty trends to come in 2023

From hyper-feminine coquette aesthetics to fresh dewy skin and affordable beauty, Boots has revealed the biggest trends that will shape the world of beauty in 2023.

Vyking launches in-store AR solution for trying on footwear

Virtual try-on start-up Vyking has launched a new in-store augmented reality (AR) solution, Magic Mirror for the footwear market.

PEOPLE, MOVERS AND SHAKERS

ASOS Responsible Sourcing Director steps down

Simon Platts, Responsible Sourcing Director at ASOS, has confirmed his departure from the business after almost 10 years in the role.

Gymshark taps influencer for new lifting creative director role

Gymshark has signed up YouTube influencer David Laid as its first ever creative director for lifting. Laird will be responsible for product development, creative direction, recruitment and IRL events.

BRAND NEWS

Dr Martens launches unique items using deadstock

Dr Martens is launching a new “Made In England Deadstock collection” that uses waste material scraps from the factory to create unique shoes and boots with a “patchwork aesthetic”.

Ted Baker launches 'Business Unusual' campaign

Ted Baker is focusing on the back to work sector with its latest campaign “Business Unusual” that “redefines what success looks like and reshapes what workwear means”.

Uniqlo in advanced talks to open new Oxford Street store

Uniqlo is in advanced negotiations to open its third store on London’s Oxford Street, and in Covent garden in the spring bringing UK store numbers to 19.

Boohoo ties up deal with what3words to offer more accurate deliveries

Boohoo has announced a partnership with location technology firm what3words, to offer its shoppers more accurate deliveries.

The Perfume Shop announces biggest price freeze initiative

The Perfume Shop has launched its “biggest price freeze initiative” with prices being held on 138 of its best-selling, branded fragrances until 2024.

Stüssy & Levi's tease a World of Love & Denim

There's no stopping Stüssy collaborations this year and the latest teaser campaign is for a collaboration with Levi's.

AND FINALLY

MSCHF made boots fit for Astro Boy

MSCHF Sneakers, have really gone wild with its latest creation, big red boots that are indebted to cartoon character Astro Boy’s boots.

PRSHOTS TOP 10 SEARCHES

What were our users searching for on PRShots Week ending February 10th 2023?

1/ Easter 

2/ Valentine

3/ Cushion

4/ Garden

5/ Vase

6/ SS23

7/ Bathroom

8/ Mirror

9/ Spring  

10/ Floral

COLLABORATIONS ON PRSHOTS

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NEW BRANDS TO PRSHOTS

Curvy Kate lingerie and swimwear is designed to make women feel fabulous about their curves. With sizes from D to K cups Curvy Kate lingerie and swimwear ethos is to “Fit, lift, shape and comfort.”

Imp & Maker founded by entrepreneur Sarah Louise Fairburn to bring together food, drinks & gifts from established, emerging and exciting new names in the food & drink world for both home and corporate gifting.

Scamp & Dude was created by Jo Tutchener-Sharp, founder and previous MD of Beauty Seen PR and is famous for their signature leopard and lightning bolt print and vibrant designs, which features in their mens, womens, kids and baby ranges.

Lola Starr is a proud British activewear brand whose clothes are designed with the environment and functionality in mind and champions local textile industries using a talented UK team of skilled designers, pattern cutters, and seamstresses.

Hobbycraft was founded in 1995, and has since grown to be the largest arts and crafts retailer in the UK with over 100 stores across the UK, and has everything you need for art, knitting and crochet, haberdashery, papercraft, wedding and party, baking, jewellery making and more.

Silk & Lawn are a Brighton-based accessories brand creating beautiful handmade headbands, hair ties & turbans for little and grown-up people made from silk and Tana lawn cottons.

HELP WITH YOUR IMAGE SEARCHES

The latest images on PRShots are found here https://www.prshots.com/whatsnew why not bookmark the page for a regular feed of the latest images on PRShots!! You can select the latest images from the last 24hours, week, or month.

BRANDS WITH NEW IMAGES

Clothing, beauty and accessories

River Island has new summer clothing and wedding outfits for him and her

Lipsy has new SS23 clothing, accessories and shoes for women and bridesmaid outfits

Roman Originals has new spring and summer ranges

Marks & Spencer has new lingerie for its “Love your Boobs” campaign

Primark has new summer clothing, makeup, women and kids clothing, accessories and new KEM, bridal, Denim, and Varsity ranges.

Monsoon has a new SS23 ranges and new eco fabric Lenzing clothes

PrettyLittleThing  has a new Ella May Ding ranges, Gemma Owen collabs and a new Renew range featuring Molly Mae and going out wear

Very has V by Very swimwear and dresses plus Everyday womenswear ranges and new kids tops and jewellery

Office has new men and womens ranges

Dune London Men’s has new SS23 ranges

TU Clothing has new ranges

Cotton Traders has new men’s and women’s wear

Barbour has new womenswear ranges and accessories for pets

NoLoGo  has new ranges for spring and summer

Fatface has the Fletchers in its new campaign

New Look has new swimwear and summer clothing drops

Regatta has new active and outdoor shoes and clothes

Radley has new ranges but check the embargo

Matalan launches the Papaya range of clothes as well as new shoes and bags

Dune London has SS23 shoe and bag ranges and accessories

Cath Kidston has new Harry Potter collaborations

Bryony Bel has new jewellery ranges

Threadbare has new SS23 clothing ranges for him and her

Joe Browns  has new women’s and men’s ranges

 

See additional new clothing and accessories images from the last few weeks at

Aspiga Oliver Bonas From my mother’s garden Cath Kidston TK Maxx  Freemans Night Store Peacocks John Lewis Tu Clothing F&F Bonmarché Deichmann UK George at Asda Accessorize Dancing Leopard Sarvin

Home and food

Wilko has hundreds of new kitchen, dining, bed, bath and living room items

National Trust shop has new Easter gifts

Cuckooland has new furniture

B&M has their new Ocean Tide and Simply Home ranges for the bedroom, bathroom, dining room and lounge

Next launches Easter collections as well as a new Tahiti, Stockholm, Arches, Valencia and Medley collections

Homesense has new SS23 home and garden items plus gifts for Easter and Mother’s day

Biscuiteers Baking has new ranges for Easter, Mother’s day and Father’s Day

Cutter & Squidge has Mother’s day and Easter hampers and goodies

Dobbies Garden Centres has new edible planting, patio furniture, house plants, chimeneas, pizza ovens, firepits.

National Trust Shop has new puzzles,  gifts and things for the garden

Fritz Fryer has new lighting solutions

Cartwright & Butler has new Easter,  Mother’s Day hampers and gifts

Cult Furniture  has new tables and chairs

Nest  has new lamps and lighting solutions

The Range  has kitchen and home ware to keep you organised in 2023

Furniture Village has new sofa ranges

Fatface has new Easter decorations for the home

George Home has new homeware and gifts for your pet

Daisy Park  has new kitchenware

Very unveils its new Everyday Homes collection

 

See additional new home images from the last few weeks from

Primark Home Oliver Bonas Cath Kidston Cardfactory TK Maxx Hotel Chocolat Sofology John Lewis Marks & Spencer Cambridge Imprint  Designers Guild Matalan NoLoGo Dunelm Avalana Dune London Luxdeco Designers Guild White Stuff Monsoon  KMI Brands DFS Fatface Very Habitat Christy Matalan Oliver Bonas

Looking for inspiration??

Our trends lightboxes section has lots of ideas for features and themes but If  you can't find something or you need help then email us at support@prshots.com, and we'll see if we can help

DIARY

Days until Mother’s Day – 31

Days until Easter – 52

Days until Eid al-Fitr – 64

Days until Halloween – 257

Days until Singles Day - 268

Days until Black Friday – 281

Days until Christmas Day – 312

 

How to get your brand on the February Editorial Calendars   

Aside from continuing to keep an eye on those SS23 drops the first half of the month is about preparing for Valentine’s day issues and the second half is about getting ready for Easter. For Valentine’s day make sure everything has some of the keywords the media will be looking for eg gifts, pink, red, lingerie etc. For Easter make sure everything has some of the keywords the media will be looking for eg eggs, chocolate, easter bunny, easter egg, chick etc.

As we’re coming out of winter it’s time to start putting up images for the spring and summer. So anything related to getting out of the house is good, so get uploading images and adding keywords relating to summer outfits, swimwear, the garden, garden parties and Barbecues (don’t forget to add all of the other spellings BBQ, Bar-B-Que etc). 

 

February Diary - Weeks/Months

In the UK it’s LGBT+ history month and in the US this is Black History Month. It’s a great month for food, we have Pancake Day, national Pizza Day and Bread Week (18th-26th)

Other events include;

London Fashion Week (17th – 21st)

Fairtrade Fortnight (Feb 27th – Mar 12th)

February is also National Bird Feeding Month in the US

 

February - Days

17th - Random Acts of Kindness Day (US)

18th – Maha Shivaratri 

21st – Shrove Tuesday / Pancake Day 

26th - National Wear Red Day (Support for Heart disease)

 

Do you have any news on your brand that you want us to feature, or have a new appointee or a new event that you would like us to feature? Get in touch at news@prshots.com We don't charge, so get emailing now!!!

Bookmark our PRShots news section https://www.prshots.com/pressnews and keep up to date with the PRShots daily guide to some of the latest news and trends in the retail, home and marketing sectors.

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