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
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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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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