News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Apr- 2024 -15 April
Former BHS owner recalled to prison for breach of licence
Dominic Chappell, the former owner of BHS, has been made to return to HMP Guys Marsh in Dorset for breach of his licence conditions, The Times has reported. The news follows his recent release in November 2023, having served half of his six-year sentence for tax evasion. The businessman, who…
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15 April
Kingfisher chair to step down
Kingfisher has announced that Andrew Cosslett is set to step down as chair of the company after seven years as chair of the board. He has decided not to stand for re-election and will therefore step down from the board at the conclusion of the company’s AGM on 20 June. …
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12 April
Today’s news in brief-12/4/24
Levi’s has welcomed Gianluca Flore, a seasoned executive from Burberry, as its new chief commercial officer effective 29 July . With over 20 years of experience in luxury apparel, Flore will oversee global commercial operations, reporting directly to Levi’s CEO Michelle Gass. His track record in brand expansion and profitability…
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12 April
Wilko launches tool and equipment rental service
Wilko has announced the launch of its new tool and equipment hire service, Wilkohire, which aims to make handling jobs ranging from quick fixes to big renovations “easy and affordable”. The service, which is operated in partnership with easyToolhire, is live as of this week and will give customers the…
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12 April
White Stuff opens new outlet store in Ashford
White Stuff has recently opened a new outlet store at the McArthur Glen Designer Shopping Outlet in Ashford, Kent. The new 1,300 sq ft store, situated near M&S and Barbour, will create 11 new jobs in the area and offers shoppers outlet prices on White Stuff’s womenswear and menswear collections,…
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12 April
Majestic Wines owner Fortress acquires Poundstretcher
Poundstretcher has been acquired by Fortress, owner of Majestic Wines, after owner Aziz Tayub retired. As part of the transaction former Morrisons group commercial director Andy Atkinson has been appointed as the company’s CEO and Tristan Phillips will resume his role as CFO. Furthermore, Trevor Strain, former Morrisons operating and…
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12 April
UK economy grows for second month in a row
UK GDP increased slightly for the second month in a row, in another sign the economy is edging out of recession, according to the latest figures from the Office for National Statistics (ONS). Monthly real gross domestic product is estimated to have grown by 0.1% in February 2024, following growth…
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12 April
InPost appoints new UK CEO
InPost has announced the appointment of Neil Kuschel as UK CEO with immediate effect. It said Kuschel has extensive knowledge and experience in the logistics and technology industries, with a focus on supporting UK eCommerce retailers in their growth journey. After a 20-year career with DHL, Kuschel joined the cross-border…
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12 April
Amazon invests over £600m in robotics and AI in Europe
Amazon has invested more than €700m (£600m) in robotics and AI-powered technologies across Europe over the last five years.By the end of 2024, the company’s European Operations Innovations Lab in Vercelli, Northern Italy, will have been responsible for the installation of over 1,000 pieces of new technology throughout Amazon’s European…
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12 April
Tesco launches ‘Best of British’ online section
Tesco has launched a dedicated ‘Best of British’ page on its groceries website, making it easier for customers across the UK to shop British grown and produced food, and support British farmers and producers. The site will bring together more than 500 British products, including hundreds of locally produced items.…
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