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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Jun- 2024 -14 June
Crew Clothing partner with tech platform to streamline operations
Crew Clothing has expanded its partnership with cloud management solutions platform Cegid in order to improve operations across its store estate.The clothing brand, which has been a user of Cegid Retail Store Excellence since 2009, has now rolled-out the Cegid’s Newsfeed feature across its 105 stores. The Newsfeed feature “bridges…
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13 June
Today’s news in brief-13/6/24
Singapore-based fashion retailer Shein has raised prices by over a third on core items to boost revenue ahead of its anticipated IPO on the London Stock Exchange. Coresight Research estimates Shein’s revenue will reach $50bn this year, a 55% increase from last year. The company’s price hikes have outpaced competitors…
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13 June
Poundland launches rewards app in 62 Scotland stores
Poundland has officially launched its Poundland Perks app for the first time in 62 stores in Scotland. Poundland Perks is Poundland’s pilot rewards app that has been on trial in 43 stores on the Isle of Wight and in Northern Ireland and now is available across Scotland. The retailer has…
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13 June
Shein ups prices ahead of planned London IPO
Shein has increased its prices by over a third on some core items in an attempt to boost revenues ahead of its anticipated IPO on the London Stock Exchange. According to Reuters, Coresight Research estimates Shein’s revenue will reach $50bn (£39m) this year, up 55% on last year’s figure. The…
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13 June
Dr Martens secures new majority shareholder amid restructure
Dr Martens has revealed that Guernsey-based IngreGrsy Limited has acquired a 38.46% ownership stake in the British retailer. The announcement is part of a restructure within Dr Martens’ owner Permira’s buyout fund. Permira had acquired the bootwear company from R Riggs Group Limited in January 2014 for £300m. As a…
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13 June
Sainsbury’s launches EV charging loyalty scheme in UK first
Sainsbury’s has begun rolling out its fast EV charging service, Smart Charger, with which customers will be able to collect Nectar points, making it the first EV charging service in the country to offer a national loyalty scheme. The retailer announced that smart charger customers with active Nectar accounts will…
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13 June
Kingfisher unveils new decarbonisation targets for vendors
B&Q owner Kingfisher has unveiled “ambitious” decarbonisation targets for its vendors as part of an ongoing plan to reduce carbon emissions.The company said it will work alongside the suppliers to hit three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions. The targets…
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12 June
Today’s news in brief-12/6/24
The UK economy stalled in April 2024, showing no growth after a 0.4% increase in March, as wet weather significantly dampened consumer spending, according to the Office for National Statistics. Services output did rise by 0.2% for the fourth consecutive month and grew by 0.9% over the three months to…
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12 June
Derbion to welcome new B&M store in July
Bargain and variety retailer B&M will be opening a 25,503 sq ft store at Derbion on Friday 26 July. The arrival follows an announcement that Debrion is investing over £5m in three new concept stores for JD, New Look and Ann Summers, with Ann Summers opening its doors last month. …
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12 June
Economy stalls in April due to wet weather
The UK economy stalled in April showing no growth as wet weather dampened consumer spending, according to the latest figures from the Office for National Statistics. Monthly real gross domestic product (GDP) is estimated to have shown no growth in April 2024, following growth of 0.4% in March 2024. It…
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