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.
-
Jun- 2024 -18 June
Tesco to improve chicken welfare standards
Tesco has recently announced that all the fresh chicken in its core ranges will be reared to higher welfare standards, providing customers with access to chicken grown with more space to perch and move around. The improvements, which will be completed by the first half of 2025, will see chicken…
Read More » -
18 June
Decathlon UK posts £2m loss
Decathlon UK has revealed that it posted a loss of £2m for the year ended 31 December 2023. Alongside this, the company saw its turnover drop 5% with a 2.5% decrease for comparable stores. The retailer has put this decline down to three things; cost of living, market dynamics and…
Read More » -
18 June
Michael Kors eyes further price hikes as UK sales nosedive
Michael Kors may resort to further price hikes after seeing the cost of basic materials rise, at the same time as it experienced a dramatic fall in UK sales last year, This is Money has reported. The luxury group’s sales performance, which was down by a tenth in the UK,…
Read More » -
18 June
Supermarket sales slow in May as wet weather dampens visits
Take-home grocery sales rose by just 1.0% over the four weeks to 9 June 2024, marking the slowest increase since June 2022 as poor weather and falling inflation impacted the sector, according to the latest data from Kantar. Growth in footfall has also stalled, with the average shopper visiting a…
Read More » -
18 June
Russell and Bromley appoints first creative director
Russell and Bromley has announced the appointment of Daniel Beardsworth-Shaw as its first creative director, as the footwear and accessories brand moves design in-house for the first time in its 140-year history. In his new appointment, Beardsworth-Shaw will join the executive leadership team leading brand and product direction reporting to…
Read More » -
18 June
Superdry appoints global technology director
Superdry has appointed Dafydd Moore, a former IT boss at Halfords, as its new global technology director. Moore joins the group from the cycling chain, where he was group director of IT Strategy and Architecture, and before that, he was the global director of IT strategy, architecture and innovation at…
Read More » -
18 June
Frasers launches £80m share buyback scheme
Frasers Group has announced the launch of a new share buyback programme of up to £80m to reduce the share capital of the company. The group has entered into a non-discretionary arrangement with Barclays Bank PLC, acting through its investment bank, for a new share buyback programme. The programme will…
Read More » -
17 June
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
Read More » -
17 June
Sainsbury’s completes Cobham superstore renovation
Sainsbury’s has recently completed the renovation project of its Cobham supermarket to upgrade the entire store. Over the past few months, employees in Sainsbury’s Cobham have been working to give the store a whole new look. The supermarket has been reimagined to showcase Sainsbury’s latest product offer and state-of-the-art format…
Read More » -
17 June
Morrisons exec steps down after three months
The interim chief customer officer at Morrisons has stepped down from the role after only three months in the position. Darren Blackhurst’s appointment as interim chief customer and marketing officer was expected to lead to a permanent position, The Times has reported. However, Blackhurst stepped down from the supermarket’s board…
Read More »
