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.
-
Mar- 2024 -18 March
Naked Wines drafts in advisors to explore refinancing options
Naked Wines has reportedly drafted in debt advisers to explore refinancing options after the group was hit by difficult trading conditions, Sky News has reported. According to Sky, the wine retailer has hired Interpath Advisory to help it explore its options after the group started losing investor confidence. Shares in…
Read More » -
18 March
Sainsbury’s CEO apologises as tech issues hit online deliveries
Sainsbury’s CEO Simon Roberts has apologised to the supermarket’s customers after a software glitch impacted contactless payments, leaving thousands without their food orders. The grocer said that a technical glitch had affected its ability to to fulfil the majority of online deliveries on Saturday (16 March), as customers slammed its…
Read More » -
18 March
Frasers Group calls in administrators for two kids brands
Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers has reported. This comes after the group acquired the two brands from JD Sports in December 2022 in a £47.5m deal. The deal also included Tessuti, Choice, Clothingsites, Cricket, Giulio,…
Read More » -
15 March
Today’s news in brief-15/3/24
After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from his position. McDonald has been instrumental in guiding THG’s growth and evolution into a global leader across Beauty, Nutrition, and Technology sectors. The board, upon his departure, will consist of…
Read More » -
15 March
Aldi celebrates successful partnership with Company Shop Group
Aldi is celebrating a “significant milestone” in its partnership with surplus food and household products redistributor, Company Shop Group. In the past year, Britain’s fourth-largest supermarket has now donated two and a half million meals from its regional distribution centres across the UK through Company Shop Group, saving an estimated…
Read More » -
15 March
St Johns Shopping Centre store sales spike 32% in February
St Johns Shopping Centre in Liverpool has reported that store sales rose by 32% in February, compared with the previous year. According to management at the shopping centre, it has outperformed national and regional footfall trends, as total footfall rose 5.3% last month – ahead of the national average of…
Read More » -
15 March
THG NED to step down after 14 years
THG has revealed that Iain McDonald has informed its board of his intention to step down as a non-executive director at the end of March 2024, shortly after his 14th anniversary as a THG director. The company said McDonald is both a “highly-valued and experienced” member of THG’s board, who…
Read More » -
15 March
Next Beauty CEO Amanda Scott resigns
Amanda Scott, Next Beauty’s chief executive has departed from her role, according to the Retail Week. For around five years Scott headed Next Beauty and led the brand’s first venture into the world of premium beauty. According to Retail Week, Scott has resigned and taken on advisory roles with other…
Read More » -
15 March
Ann Summers appoints finance director amid CFO retirement
Ann Summers has announced that Kristina Moln-Page has been promoted to the role of finance director, effective from 1 July 2024. She will succeed John Boyle, who will be retiring as chief financial officer after working for Ann Summers for 11 years. Moln-Page will have responsibility for the finance and…
Read More » -
15 March
WH Smith appoints new CFO
WH Smith has appointed Max Izzard as its latest CFO, following the news that Robert Moorhead is set to retire as CFO and COO after more than 20 years with the business. Izzard is currently SVP of group and corporate finance at Burberry. He will join the stationery retailer on…
Read More »
