News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Feb- 2025 -13 February
Tesco commits to 1,500 apprenticeships by 2027
Tesco has pledged to expand its Stronger Starts Apprenticeship programme, providing 1,500 apprenticeship opportunities for young people by 2027, following National Apprenticeship Week. The initiative comes as part of Tesco’s ongoing efforts to help tackle the challenge of youth unemployment in England and remove the barriers many young people face…
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12 February
Today’s news in brief-12/2/25
Kering, the luxury conglomerate behind Gucci, Yves Saint Laurent, and Bottega Veneta, reported a challenging fiscal 2024, with revenue falling 12% to €17.2 billion (£14.3 billion) and EBITDA plummeting 29% to €4.6 billion (£3.8 billion). Gucci’s 23% sales decline to €7.65 billion (£6.37 billion) significantly impacted the group, alongside a…
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12 February
Sephora to open new store in Manchester Arndale
Sephora has signed a 10-year lease to occupy a 7,300 sq ft space at the Manchester Arndale shopping centre later this year. Stocking over 300 skincare, cosmetic and beauty brands, the new store at Manchester Arndale will provide space for Sephora to showcase the array of brands on offer. It…
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12 February
Dr. Martens names former John Hardy CEO as one of two new NEDs
Dr. Martens has announced the appointments of Robert Hanson and Benoit Vauchy as non-executive directors of the company with effect from 26 March 2025. Hanson is an experienced executive with a track record of delivering growth at consumer brands. He was CEO of John Hardy and American Eagle Outfitters and…
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12 February
ASA bans Next ad for promoting ‘unrealistic’ body image
The Advertising Standards Agency (ASA) has banned a Next ad for “power stretch denim leggings” which showcased an “unhealthy thin” model in digitally altered clothing. The ASA launched the investigation after a number of complaints about the appearance of the model in an online ad. In its defence, Next argued…
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12 February
Gucci sales slump drags down Kering FY performance
Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a 29% drop in EBITDA to €4.6bn (£3.8bn) and a 12% decrease in revenues to €17.2bn (£14.3bn) in the year to 31 December 2024. Recurring operating income totalled €2.6bn (£2.17bn) in 2024, down 46% from the…
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12 February
Joshua Alliance completes £191m N Brown takeover
N Brown Group’s non-executive director and fourth-largest shareholder, Joshua Alliance, has announced the completion of the group’s £191m acquisition. News of the deal will see the Alliance family, which already held a controlling stake, take the Jacamo and Simply Be owner private. The cash acquisition was initially approved in October…
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12 February
Beales to shutter last remaining store amid budget changes
Beales, one of Britain’s oldest department stores, will shutter its last remaining store after more than 140 years of trading amid cost pressures arising from the latest budget. The business, which opened in Bournemouth in 1881, will close its last remaining store in Poole’s Dolphin Centre at the end of May.…
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12 February
JD Group appoints new CEO to Outdoor business
JD Group has appointed Dominic Jordan as the new CEO of JD Outdoor as Lee Bagnall steps down from the role. Jordan joins the group from Hobbycraft, where he held the role of CEO from 2017 to 2024. Prior to that, he was retail and property director from 2012 to…
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11 February
Today’s news in brief-11/2/25
Fast fashion giant Shein has scrapped plans to open a UK warehouse in the Midlands, initially intended to support its anticipated £50bn London Stock Exchange listing. The company had explored sites in Derby, Coventry, and other locations but confirmed no immediate need for a UK facility. The decision follows mounting…
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