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 -12 April
Levi’s names incoming CCO
Levi’s has announced the appointment of Gianluca Flore as executive vice president and chief commercial officer, effective from 29 July. In his new role, Flore will report to president and CEO Michelle Gass and will be responsible for the commercial operations of the Levi’s brand across all global channels, including…
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11 April
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
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11 April
Majestic to debut on the Channel Islands with Jersey store
Majestic has unveiled plans to expand into the Channel Islands with the opening of a store in The Powerhouse, on Queen’s Road, Jersey, on 30 April. The news comes as the retailer doubles down on its investment into bricks and mortar trading. Majestic has agreed a lease on the 5,695…
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11 April
Dobbies appoints new strategy and business development director
Dobbies, the UK’s leading garden centre retailer, has strengthened its senior leadership team with the appointment of Rajesh Gupta as strategy and business development director. Gupta qualified as a chartered accountant with KPMG and has 20 years of experience in retail working in strategy, business development and customer roles with…
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11 April
Pepco LFL sales dip 2.5% in H1 amid tough comparatives
Poundland owner Pepco Group has reported that group revenues on a constant currency basis rose by 11.1% to £2.73bn (€3.2bn), though on a like-for-like basis revenues dipped by 2.5% in the half-year ending 31 March 2024. The group has attributed its like-for-like sales performance during the period to a tough…
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11 April
Uniqlo revenues jump 9% in H1
Uniqlo’s revenue has seen a 9% increase to 1.59 trillion yen (£8.26bn) in the first half of fiscal 2024 that ended on 29 February. Operating profit for the group rose 16.7% to 257bn yen (£1.3bn), which was fueled primarily by considerably higher first-half profits from operations in North America, Europe,…
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11 April
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been completely transformed after months of renovations and is now open to customers. The new design boasts a “smart”, “contemporary”, and “warm” environment across three floors. For those looking to check…
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11 April
Ted Baker US licence partner eyes UK arm
Ted Baker’s American licensing partner OSL has reportedly emerged as the frontrunner to take over the brand’s collapsed UK operation, according to Sky News. OSL was appointed to run Ted Baker’s US retail business just over a year ago and now looks to be set to run the rest of…
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10 April
Asda launches online prescription service with Pharmacy2U
Asda has recently announced the launch of an online prescription service in partnership with Pharmacy2U, the largest NHS approved online pharmacy in the UK. Asda Online Pharmacy is a platform where patients can manage prescriptions online and have them arranged for delivery to their home address. Once registered on the…
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10 April
Ocado secures funding to boost delivery capabilities
Ocado has secured a multi-million-pound funding package from Shawbrook to acquire 43 new refrigerated vans, strengthening its delivery capabilities across the UK. The investment comes at a time when the online supermarket is looking to meet increased customer demand. The funding package comes after the retailer’s partnership with commercial finance…
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