This ad will be closed automatically in X seconds.

In the news this week… Retail Round-up

Including The Works to open 60 new stores next year.

The Source rounds up some of the key retail stories of the week.

Value retailer The Works is to open 60 new stores next year, investing £5.3 million and creating 600 jobs, reports Retail Week. The chain – which sells arts, crafts, toys, stationery and books – is planning to have 650 stores by 2022.

Video games retailer Game has seen its full year group sales edge up 0.1% in the year to July 29. However, full year UK sales dropped 6.8%, despite a second half rise of 8.8%. The retailer did make progress with its esports store format – currently in 18 outlets – posting a 50% jump in sales to £7.1 million during the period. Game said that it is now accelerating development plans as its seeks to ‘fully capitalise on the strong growth potential in our exciting and growing esports activities’.

Game also announced this week that it is to launch a concession partnership with Maplin, initially piloting the move in four stores.

John Lewis enjoyed a lift in sales of 5.7% to £77 million in the week to August 19. Fashion sales grew 7.3% – with womenswear up 14.3% and menswear increasing 5%. There was also  13% year on year increase of sales of communications technology products such as computers and iPads as the back to school period looms large.

Data from Kantar Worldpanel has suggested the big four supermarkets grew sales for the fifth consecutive period. Tesco increased sales the most – up 3% for the 12 weeks to August 13. Morrisons increased 2.6%, Sainsbury’s was up 2% and Asda grew 1.4%. Meanwhile, Lidl’s market share hit a new high of 5.2%, with it now standing alone as Britain’s seventh largest grocer.

Whole Foods shareholders have approved the $13.7 billion acquisition by Amazon. The deal is now subject to regulatory approval.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter.

Mattel is accelerating its expansion into console games with the announcement of a multi-year strategic partnership with Outright Games, beginning with three new games for all consoles and PC, slated for release before the end of this year....
Jazwares has entered into a multiyear global toy licensing agreement with Scottgames LLC to produce a toy line inspired by the survival horror video game and film franchise Five Nights at Freddy’s. ...
Jane Garner’s funeral/celebration of life will be held on Friday 31 May...
Adding to its ever-expanding music portfolio, Hasbro has announced the summer release of Peppa's Party: The Album, the fifth studio release from beloved global preschool icon Peppa Pig, who is celebrating her 20th birthday this year....
Peter Rabbit
Penguin Ventures has announced its renewed long-term agency agreement with Sony Creative Products (SCP) in Japan for The World of Peter Rabbit, on behalf of brand owner and Beatrix Potter’s original publisher Frederick Warne & Co Ltd....
Supercell is expanding its partnership with WildBrain CPLG to bring Brawl Stars consumer products to millions of fans across the globe....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.