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 -9 May
Primark to join the Ashley Centre
Multinational fashion retailer Primark is set to join the Ashley Centre, Epsom’s premier shopping destination. This coincides with the centre undergoing its £7m refurbishment, which is set to see significant upgrades to the scheme, including a refreshed interior and a new external entrance. Primark will occupy 44,000 sq ft in…
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9 May
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to reports from The Times. Keith claimed that the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists. Selfridges Retail saw a 29% increase…
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9 May
Ocado appoints ex-BT chief as NED
Ocado Group has revealed that former BT chief Gavin Patterson has been appointed as an independent non-executive director with effect from 1 June 2024. Patterson will also be a member of the People Committee and the Remuneration Committee, with those appointments taking place on the date of his appointment to…
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9 May
Frasers Group closes in on Ted Baker deal
Frasers Group is reportedly closing in on a deal to become the new partner of struggling retailer Ted Baker, Sky News has revealed. Reports said the group is set to be named as the preferred partner for Ted Baker following the collapse of its existing UK licensing partner No Ordinary…
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9 May
CMA calls on grocers to prioritise accurate pricing
The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way in-store prices are displayed. The review, which looked at the price marking practices of 139 grocery stores, assessed whether prices were “clear, accurate and matched the price people were charged…
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9 May
‘Era of cheap food is over’, Waitrose boss claims
James Bailey, the executive director of Waitrose has told The Telegraph the “era of cheap food is over”, as the supermarket chain is due to reveal a new initiative to support British farmers in the move to regenerative agriculture. It is understood that the move will make the supermarket the…
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9 May
Watches of Switzerland acquires Roberto Coin
Watches of Switzerland Group has signed and completed the acquisition of the entire share capital of Roberto Coin Inc. for a total cash consideration of $130m (£104.2m) Roberto Coin S.p.A., founded in the Italian city of Vicenza, designs and manufactures delicately handcrafted jewellery with a unique ruby signature under the…
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8 May
Today’s news in brief-8/5/24
Boohoo posted widened losses of £159.9m for the full year due to challenging market conditions and a strategic focus on profitability. Despite a 17% decline in revenues, the group saw improvements in core brand performance and growth within the Debenhams marketplace. Boohoo remains committed to leveraging efficiencies and driving profitability…
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8 May
All Good Things opens London debut store at The O2
Sustainable designer outlet store All Good Things has officially opened at Outlet Shopping at The O2, marking its London debut. Offering a range of “high-quality” clothing and accessories, All Good Things has opened a 4,000 sq ft space located on the upper level of Outlet Shopping at The O2, adjacent…
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8 May
Castore acquires Infinity Inc
Sportswear brand Castore has finalised its acquisition of Infinity Inc, a supplier of branded merchandise, clothing and uniform based in Leeds. The deal is Castore’s first acquisition following a £145m investment in November 2023. As a key supplier, the acquisition will strengthen Castore’s supply chain and enable greater speed to…
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