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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May- 2024 -14 May
‘Police aren’t interested’ in tackling shoplifting, says M&S boss
Archie Norman, chairman of Marks and Spencer, has claimed that retailers should accept that “police aren’t interested” in tackling shoplifting on LBC’s breakfast show. He said: “We get very little help from the police. I think we have to accept that the police are not interested in this sort of…
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14 May
The British Footwear Association appoints new CEO
The British Footwear Association (BFA) has announced that Richard Shetliffe has been appointed as the new chief executive officer. Shetliffe takes up the position today (14 May), bringing a depth of experience and knowledge to lead the BFA. With over 30 years in the footwear and accessories industry, he has…
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14 May
Currys ups full-year PBT guidance
Currys has revealed that it expects its full-year profit before tax to be between £115m-£120m, an increase from its previous £105m guidance. This comes after what the company has called a “strong finish” to the year with UK and Ireland sales up 2% for the 16 weeks ended 27 April.…
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13 May
Today’s news in brief-13/5/24
The Very Group has named Nadhim Zahawi, former government minister and MP, as its new non-executive chair. Zahawi, who will succeed Aidan Barclay, brings significant experience in digital growth and innovation. He aims to guide the company’s strategic development and explore new business expansion opportunities, potentially involving fresh equity investment.…
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13 May
N Brown named one of The Sunday Times Best Places to Work
N Brown Group has recently been named one by The Sunday Times Best as one of the best places to work in 2024. This is the first time that N Brown has entered the list from The Sunday Times, which recognises organisations with the highest rates of workplace engagement, happiness…
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13 May
Asda unveils plans for mixed-use redevelopment in North West London
Asda has unveiled plans for a mixed-use redevelopment of its 10-acre Park Royal site in North West London. The retailer has partnered with property developer Barratt London on plans to redevelop the Brownfield site which is currently home to its Park Royal Superstore. The proposal, which is subject to planning…
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13 May
Lidl GB ups staff pay for third time in 12 months
Lidl GB has announced that it is increasing pay for hourly-paid colleagues to a minimum of £12.40 across the country, up from £12, marking the third time it has increased staff pay in the past year. In London, colleagues will see entry level pay rise to £13.65, up from £13.55.…
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13 May
John Lewis appoints new fashion director
John Lewis has announced the appointment of Rachel Morgans as its new director of finance. Morgans is currently working as creative consultant to brands in the UK and US and will join the company in June 2024. She has almost 30 years’ of experience in the fashion industry and holding…
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13 May
Shein accelerates London IPO preparations
Shein is reportedly ramping up its move towards a London IPO after its attempt to float in New York faced regulatory hurdles, sources have told Reuters.One source told Reuters that Shein now plans to update China’s securities regulator on changing the IPO venue and file with the London Stock Exchange…
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13 May
Retailers call for overhaul of ‘broken’ apprenticeship levy
Large retailers such as John Lewis, Tesco and M&S have called for the apprenticeship levy to be overhauled as the current system is “a complete waste of money”, This is Money has reported. It is understood that the retailers believe the rules around the apprenticeship levy limit them from using…
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