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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Jul- 2024 -23 July
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over 300 jobs were saved, more than 1,500 employees face redundancy due to the challenging retail climate and recent cyber attack woes. Ikea plans to open 100 additional click-and-collect points at…
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23 July
Matalan adds over 25 new brands to online offering
Matalan has added over 25 new third-party brands as part of its efforts to improve the choice quality products on offer. Over the next few months, customers will see a host of new brands available on the Matalan website across all core categories. This includes womenswear options from fashion-forward brands…
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23 July
Retail welcomes apprenticeship levy reform
Retailers such as AO and Co-Op as well as the British Retail Consortium have welcomed government plans for a new growth and skills levy. Keir Starmer announced yesterday (22nd July) that his government would introduce a new levy to replace the much-maligned apprenticeship levy. John Roberts, AO founder and CEO,…
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23 July
Superdrug boss urges govt to reform business rates
Superdrug CEO Peter Macnab has called on the new Labour government to reform business rates in an interview with This is Money, after the King’s Speech last week (17 July) omitted the subject. Macnab, who believes change is essential for the creation of “vibrant” shopping hubs throughout the country, said…
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23 July
Ikea partners with Tesco to open 100 more click-and-collect points
Ikea has announced that it is planning to open 100 more click-and-collect points at Tesco stores across the UK to create a more accessible shopping experience. The news comes as the retailer opened its 100th mobile pick-up point, following a successful nationwide roll-out. The service is free of charge for…
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23 July
Literacy Capital appoints new Ashleigh and Burwood CEO
Literacy Capital has announced the appointment of Penny Grivea as the new CEO of its consumer home fragrance brand Ashleigh and Burwood, which has a 30-year heritage. Grivea brings 25 years of consumer and retail experience to the brand, having previously worked for Selfridges, Harrods and Georg Jensen. For the…
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23 July
Aldi to create 1,000 new stores roles before 2025
Aldi is set to create 1,000 jobs in new stores across the UK between now and the end of the year. The UK’s fourth-largest supermarket, which has more than 1,020 stores, currently employs over 45,000 people. Roles available will include managerial positions, caretakers and cleaners, as well as store apprentices.…
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23 July
Tapi rescues Carpetright brand as 1,500 jobs lost
Rival brand Tapi has acquired the Carpetright brand and 54 of its stores out of administration but more than 1,500 jobs are set to be axed, it has been revealed. Whilst the deal has saved over 300 jobs, administrators from PwC said it was with “deep regret” that 1,018 employees were…
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22 July
Today’s news in brief
Saudi Arabia’s Public Investment Fund (PIF) is looking to significantly increase its stake in Selfridges. Currently holding 10%, PIF has offered $1.3m (£1m) to acquire an additional 40% from Signa’s flagship property unit, following Signa’s insolvency earlier this year. This move positions PIF against other potential suitors like Thailand’s Central…
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22 July
Cotton Traders sees sales and profits dip amid ‘challenging conditions’
British heritage fashion brand, Cotton Traders, has seen its FY23 operating profit fall 9.9% to £9.8m in what it called a “steady performance” in the face of inflation and the cost-of-living crisis. The brand also reported turnover of £109.4m (-1.7% vs. 2022) and an EBITDA of £11.57m (-7.9%vs.2022). Amongst other…
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