The Daily Retail News Digest for brands and media – 9/2/23

Main Image: Fatface

PRShots Digest brings you the latest retail news from Chloé, Ivy Park, Watches of Switzerland, Boux Avenue, Ryman, Next, Timberland, Studio Retail, Canada Goose, George at Asda, Tala. Wales Bonner, B&Q and Sosandar. Plus articles on how fashion forecasting can reduce excess stock, why offline marketing remains critical, how the cost of living is changing marketing and more.

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

THE LATEST RETAIL INDUSTRY NEWS

Westfield owner hails end of ‘Covid effect’

Unibail-Rodamco-Westfield, owner of Westfield London and Westfield Stratford City, has seen sales back to pre-covid levels with turnover up 27.4% to €2.2bn and EBITDA up 30.2%

Watches of Switzerland hails ‘omnichannel excellence’ for strong trading performance

Watches of Switzerland group revenues for Q3 totalled £407m a 17% rise on 2021 figures after seeing a surge in revenue thanks to its ‘omnichannel excellence.’

Capri Holdings posts drop in revenue and earnings

Capri Holdings (Versace, Jimmy Choo and Michael Kors owner) Q3 sales were down 6% to $1.01bn with net sales down to $225m from $322m as the quarter was “more challenging than anticipated.”

Coty second quarter down 3% to $1.52bn

Coty’s Q2 ending Dec 31 saw sales fall by 3% to $1.52b with its prestige division (Gucci, Burberry and Hugo Boss) down 5% to $957.7m due to the dollar’s strength and shortages of perfume ingredients

Beyoncé's Ivy Park misses Adidas’ sales targets

Beyoncé's  Ivy Park streetwear line produced in collaboration with Adidas, fell more than 50% in 2022 to $40m, far below Adidas’ $250m revenue projections

B&Q severs Asda partnership to focus on smaller-format stores

B&Q has decided to end its partnership with Asda and close eight concessions around the country to instead focus on rolling out smaller-format, high-street stores.

Theo Paphitis’ Boux Avenue and Ryman facing ‘material uncertainty’ over finances

Theo Paphitis, owner of lingerie retailer Boux Avenue and stationery brand Ryman, flagged that the two firms face “material uncertainty” as he struggles to refinance the two businesses.

Only one in 12 retailers offered free delivery as part of Black Friday promotions

Only one in 12 retailers included free delivery as a part of their Black Friday promotions last year, according to a new report from IMRG.

eBay to slash 4% of its global workforce

eBay plans to cut 500 jobs, about 4% of its staff with CEO Jamie Iannone saying the move to cut staff gives the business ‘additional space to invest and create new roles in high-potential areas’

Sosandar raises £5.4m to expand range for Sainsbury’s deal

Sosandar has raised £5.4m via a placing to accelerate its omnichannel strategy following its tie-up with Sainsbury’s.

TRENDS, STRATEGY AND TECHNOLOGY

How fashion forecasting tech can decrease overproduction

OC&C Strategy Consultants’ collaborative study with WGSN reveals how more accurate forecasting data can significantly improve margins and efficiency, and reduce wastage.

Who will be the biggest retailers in the UK in 2026?

Retail Week analysts reveal which retailers will sit at the top of the food chain in 2026, which will be overtaken by their closest rivals and which will lose their spot in the ranking altogether

Why offline marketing remains critical

The White Company, Matalan and ProCook reveal marketing strategies for the year ahead and  about why offline marketing remains critical in a new report out today

How brands are changing their tune during the cost-of-living crisis

How brands have had to show adaptability and flexibility as they look to hit the right note amid the cost-of-living crisis.

Will 2023 be all about excess stock for UK retail?

A new survey shows that post-Christmas sales haven’t been quite so buoyant as Christmas sales, and returns are adding to a problem for stores that already have a lot of unsold stock.

Mason Rothschild loses Hermes lawsuit over NFT handbags

American artist Mason Rothschild was ordered to pay $130,000 in damages to Hermes for selling virtual bags in the form of NFTs without the luxury brand's permission.

Chloé is making its fashions instantly traceable and resale-ready

A digital ID system dubbed Chloé Vertical includes an ownership certificate that will streamlines resale through Vestiaire Collective, as well as care and repair information

Microsoft relaunches Bing with ChatGPT incorporated

Microsoft has relaunched its Bing search engine, however with an added twist: it has incorporated ChatGPT.

TikTok expects to be subject to stricter EU online content rules

TikTok is likely to be subject to stricter EU online content rules because its number of active users exceed a threshold set out under the Digital Services Act (DSA).

PEOPLE, MOVERS AND SHAKERS

Next promotes Lipsy co-founder to executive director

Next has promoted Lipsy co-founder Jeremy Stakol to its board, as he takes on the role of group investments, acquisitions and third party brands director.

BRAND NEWS

Timberland celebrates 50th anniversary of original boot with launch of ‘Future73’

Timberland has kicked off its 50th anniversary celebrations for its iconic yellow boot with the launch of ‘Future73’, inviting a team of six “future makers” to reimagine the boot for the future.

Frasers-owned Studio Retail creates new jobs

Online fashion brand Studio Retail is to create 30 jobs in its first major expansion drive since being rescued by Frasers Group a year ago.

Canada Goose to double stores and add new categories

Canada Goose is to double its current 51 stores by the end of Q3 2023 and aims to expand its range with eyewear, luggage and home and to focus on attracting more Gen-Z and Women customers.

George at Asda launches new children’s adaptive clothing collection

George at Asda has launched an adapted clothing range as it looks to support independent dressing for children and young people with disabilities.

Tala expands into plus sizing

Women's activewear brand Tala has extended its sizing to include 2XL, 3XL and 4XL with the aim of reaching more customers.

Wales Bonner designs Jamaican Football Federation kits

British fashion brand Wales Bonner and Adidas have unveiled new Jamaican Football Federation kits as part of the sportswear giant’s partnership with the country.

AND FINALLY

Innocent and Age UK create ‘biggest ever hat’ to celebrate 20 years of the Big Knit

Innocent Drinks has partnered with Age UK to knit the UK’s biggest hat in celebration of the 20th anniversary of the ‘Big Knit’ event.

PRSHOTS TOP 10 SEARCHES

What were our users searching for on PRShots Week ending February 3rd 2023?

1/ Valentine 

2/ Easter

3/ Cushion

4/ Bathroom

5/ Mirror

6/ Blue

7/ Kitchen

8/ Pink

9/ Green  

10/ Bedroom

COLLABORATIONS ON PRSHOTS

Our PRShots brands are looking for media and influencers who want to work with them on collaborations. Register for free at PRShots new collabs service to find out more https://collabs.prshots.com/ 

NEW BRANDS TO PRSHOTS

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

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BRANDS WITH NEW IMAGES

Clothing, beauty and accessories

Primark has new KEM, bridal, Denim ranges, Varsity ranges, women’s ranges, Valentine’s outfits, new Disney 100 ranges and baby outfits

Very has V by Very ranges and new kids tops, womenswear, jewellery, and Valentine’s fashions

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 new Valentine’s ideas, SS23 shoe and bag ranges and accessories

Cath Kidston has new Harry Potter collaborations

Bryony Bel has new jewellery ranges

Monsoon has a new range of eco fabric Lenzing clothes

Threadbare has new SS23 clothing ranges for him and her

Barbour has new womenswear ranges and accessories for pets

PrettyLittleThing  has a new skiing ranges, Gemma Owen collabs and a new Renew range featuring Molly Mae and Valentine’s Day lingerie and going out wear

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

Roman Originals has new spring and summer ranges

Aspiga has new womenswear

Oliver Bonas has new drops for March including clothes, jewellery, bags and accessories.

From my mother’s garden has new ranges for 2023

Cath Kidston has new womenswear and accessory ranges

TK Maxx has new SS23 fashion and accessory ranges

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

Dune London Men’s River Island Freemans Night Store Peacocks John Lewis Tu Clothing F&F Marks & Spencer Bonmarché Deichmann UK NoLoGo George at Asda Accessorize Dancing Leopard Sarvin Lipsy M&Co  Cotton Traders

Home and food

Fritz Fryer has new lighting solutions

Biscuiteers Baking has new ranges

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

Cult Furniture  has new tables and chairs

Nest  has new lamps and lighting solutions

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

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

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

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, Valentines gifts and gifts for your pet

Homesense has new SS23 home items and gifts for Easter, Mother’s day and Valentines day

Daisy Park  has new kitchenware

Very unveils its new Everyday Homes collection and has Valentines gifts

Primark Home has new storage solutions for the home

Oliver Bonas has new gifts for the home

Cath Kidston has new homeware

Cardfactory has more valentines’ gifts for him and her

TK Maxx has new things for you and your home for SS23

Hotel Chocolat has new chocolates for Valentine’s Day, Mother’s Day and pictures of the Chocmobile

Cuckooland  has new home gifts and new SS23 home goods

National Trust Shop has new gifts and things for the garden

Paperchase has new gifts

B&M has their new Urban Eden and Superbloom collections for summer outdoors and Easter collections

See additional new home images from the last few weeks from

Sofology John Lewis Marks & Spencer Cambridge Imprint  Designers Guild Matalan NoLoGo Dunelm Avalana Dune London Luxdeco Designers Guild White Stuff Monsoon  Wilko 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 Valentine’s Day - 5

Days until Mother’s Day – 38

Days until Easter – 59

Days until Eid al-Fitr – 71

Days until Halloween – 264

Days until Singles Day - 275

Days until Black Friday – 288

Days until Christmas Day – 319

 

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;

Just Around the Corner Exhibition London (8th-9th)

Source show Olympia (12th – 14th)

London Fashion Week (17th – 21st)

New York Fashion Week (9th-15th Feb)

Fairtrade Fortnight Feb 27th – Mar 12th)

February is also National Bird Feeding Month in the US

National Apprenticeship week 6th - 12Th Feb

 

February - Days

9th – National Pizza Day (US)

11th – Brit Awards 

12th – NFL Super Bowl 

12th – Source Fashion Event Olympia

14th – Valentine’s Day

15th – Singles Awareness Day

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!!!

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