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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Oct- 2024 -28 October
Lidl to open 10 new stores before Christmas
Lidl is accelerating its national expansion with the opening of 10 new stores before Christmas. From Berwick Green in Bristol to Bovey Tracey in Devon and Stirchley in Birmingham, the discounter will create around 400 new jobs. In London alone, it is opening three new stores, including Hoxton, Forest Gate…
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28 October
Mike Ashley ‘ready’ to assume CEO role at Boohoo
Mike Ashley, the founder of Frasers Group, is reportedly “all in” to take up the post of CEO at Boohoo and begin a turnaround plan, according to The Sunday Times. It comes after Frasers Group began acquiring Boohoo shares in June 2023. The group currently holds a 27% stake in…
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28 October
M&S adds self checkouts to changing rooms
Marks and Spencer is set to add self checkouts to its changing rooms across 180 clothing stores in order to prevent customers from having to queue twice, The Telegraph reported. The retailer reportedly already installed the new technology in 28 stores and it’s now planning to complete the roll out…
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25 October
Today’s news in brief-25/10/24
Boohoo has countered Frasers Group’s claims of “stone-walling” regarding the latter’s push to install Mike Ashley as Boohoo’s CEO. In response to an open letter from Frasers, which accused Boohoo’s board of hindering its proposals and expressed dissatisfaction with Boohoo’s recent debt refinancing, Boohoo stated that Frasers’ preference for Ashley…
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25 October
Strathberry relocates store to Covent Garden
Strathberry, the Edinburgh-based brand specialising in luxury leather goods, has relocated its store within Covent Garden’s historic Market Building. Capitalising on the success of its debut store, Strathberry has doubled the size of its Covent Garden Market Building boutique. The upsized unit, measuring 1,200 sq ft, will enable the brand…
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25 October
Frasers Group opens 70,000 sq. ft Flannels Leeds flagship
Frasers has opened a new store in Leeds marking its sixth ‘flagship’ store with additional locations in London, Leicester, Liverpool, Sheffield and Newcastle. The store, which stretches across six floors and over 70,000 sq.ft, offers luxury and contemporary designer fashion brands, beauty retail concepts, a luxury resale space, full-scale homeware…
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25 October
UK consumer confidence falters ahead of budget
UK consumer confidence has dropped to -21 in October, according to GfK’s long-running index. The survey revealed that out of the five measures three declined and two rose compared with September’s announcement. The index measuring changes in personal finances during the last year was down one point at -10. Meanwhile,…
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25 October
Bestway Retail strengthens leadership team with three new hires
Bestway Retail, independent food and drink wholesaler which operates Best-one, Costcutter, Bargain Booze and Wine Rack, has announced three senior appointments to its retail team as part of the group’s commitment to continue to support independent retailers. Nick Russell has rejoined the business taking up the role of head of…
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25 October
Vinted eyes expansion beyond clothes amid €340m secondary share sale
Vinted has closed a secondary share sale of €340m (£283.5m) at a valuation of €5bn (£4.17bn) and is now looking to expand beyond clothes. In recent weeks, Vinted has begun the roll-out of a new category for electronics. The transaction, led by TPG, a leading global alternative asset manager, “validates…
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25 October
John Lewis to invest £800m in store renovations over next four years
John Lewis has announced an £800m investment to enhance the group’s stores over the next four years, with the makeovers to its flagship store on Oxford Street and its High Wycombe and Cheadle locations being the first to be completed. While each store so far has gained new and bigger…
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