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Currys begins roll out of VoCoVo headsets across UK&I stores

1 week ago | retail-insight-network.com | Archana Rani

UK-based technology products and services retailer Currys has partnered retail communications specialist VoCoVo to roll out Series 5 Pro headset technology across all its stores in the UK and Ireland. The initiative is part of Currys’ investment in store safety and aims to equip every colleague with a headset by the end of May 2025.
Macy's adjusts annual outlook as Q1 FY25 net sales falls 5.1%

1 week ago | retail-insight-network.com | Jangoulun Singsit

US department store chain Macy’s reported a decline in total revenue to $4.79bn in the first quarter of fiscal 2025, compared to $5bn in the corresponding period of the previous year. During the 13 weeks to 3 May 2025, the retailer’s net sales fell 5.1% to $4.59bn, inclusive of store closures, with comparable sales decreasing 2% on an owned basis and 1.2% on an owned-plus-licensed-plus-marketplace basis.
Retail cyberattacks: AI making threats ‘more advanced and personalised’

1 week ago | retail-insight-network.com | Stu Robarts

The use of artificial intelligence (AI) by perpetrators of cyberattacks is increasing the threat to retailers and their customers, according to a cybersecurity industry leader. Speaking on an episode of GlobalData’s Instant Insights podcast, Charlotte Wilson, head of enterprise sales at cybersecurity company Check Point Software, said that while the form that cyberattacks take has not changed a great deal, AI is being used to make them more effective.
Capri reports 15.4% revenue downturn in Q4 fiscal 2025

1 week ago | retail-insight-network.com | Jangoulun Singsit

Capri Holdings, which owns luxury brands such as Versace, Michael Kors and Jimmy Choo, has disclosed total revenue of $1.04bn in the fourth quarter (Q4) of fiscal 2025 (FY25) – a decrease of 15.4% from the same quarter of the previous year. Michael Kors experienced a 15.6% revenue drop over the quarter, while Jimmy Choo and Versace posted revenue drops of 2.9% and 21.2% respectively.
e.l.f. Beauty signs $1bn deal to acquire Hailey Bieber’s Rhode

1 week ago | retail-insight-network.com | Archana Rani

e.l.f. Beauty has agreed to acquire Hailey Bieber’s lifestyle beauty brand Rhode for $1bn, further diversifying its brand portfolio. The deal is set to propel e.l.f. Beauty into a transformative phase of global expansion, leveraging both companies’ commitment to innovation and disruption in the beauty sector. e.l.f. Beauty will pay $800m at closing, consisting of $600m in cash and $200m in newly issued e.l.f. Beauty common stock, equivalent to around 2.6m shares.
Kingfisher's Q1 FY25/26 UK & Ireland sales up 5.9% amid favourable weather

1 week ago | retail-insight-network.com | Jangoulun Singsit

Kingfisher, the parent company of B&Q, Screwfix and other retail brands, has posted total sales of £3.31bn ($4.48bn) for the first quarter (Q1) of the fiscal year 2025/26, representing 1.6% growth on a reported basis and an increase of 2.2% at constant currency compared to the same quarter of the previous year. The firm experienced a like-for-like (LFL) sales increase of 1.8% for the quarter.
Hudson's Bay to lay off 89% of employees amid CCAA proceedings

1 week ago | retail-insight-network.com | Archana Rani

Canada’s Hudson’s Bay Company is planning to lay off 8,347 employees, or 89% of its workforce, by 1 June 2025. In a motion filed on 26 May 2025, Hudson’s Bay stated that employees “will be paid their accrued vacation pay as at their date of termination, however, the company does not expect any other termination or severance payments to be paid by the company upon termination”. The layoffs come as the retailer prepares to complete its liquidation sale and shut down all its stores.
M&S picks Coles executive Thinus Keeve to drive retail strategy

1 week ago | retail-insight-network.com | Archana Rani

UK-based retailer Marks and Spencer (M&S) has appointed Thinus Keeve as its new retail director, effective from 6 June 2025, to boost its strategy and strengthen leadership. In a statement on LinkedIn, M&S chief executive Stuart Machin said that Keeve brings with him a wealth of experience from Australia, having held several senior leadership roles at Coles supermarket.
UK food prices climb for fourth month in a row

1 week ago | retail-insight-network.com | Mohamed Dabo

UK food inflation increased for the fourth consecutive month in May, reaching an annual rate of 2.8%, according to the latest British Retail Consortium (BRC) and NielsenIQ Shop Price Index. This marks the highest level in nearly a year, driven primarily by rising fresh food prices and escalating operational costs for retailers. Fresh food inflation rose to 2.4% year-on-year in May, up from 1.8% in April.
Veho and RIVR pilot robotic e-commerce delivery in US

1 week ago | retail-insight-network.com | Jangoulun Singsit

Parcel delivery service provider Veho, in collaboration with Swiss robotics firm RIVR, has initiated a trial involving AI-driven robots for e-commerce deliveries. The trial, which began in the city of Austin, Texas, may extend to more cities in the second half of 2025 based on the outcomes of this initial phase. RIVR’s robots are equipped with general physical AI, enabling them to complete the final stretch of delivery from the delivery vehicle to the doorstep.