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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Feb- 2024 -21 February
Ocado to stock frozen ready meals for pets
Frozen petfood startup Ted’s Bowl has secured an Ocado listing for its range of frozen ready meals for pets, according to The Grocer. From Friday (23 February), the brand will offer seven microwavable frozen meals suitable for puppies, adult dogs, senior dogs, kittens and adult cats. The premium dishes feature…
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21 February
Co-op to open new store in Ridgewood Sussex
A new Co-op store is set to launch on Thursday (22 February) to serve and support the Ridgewood, Uckfield community in Sussex. The 2,500 sq ft purpose-built convenience store, located in Eastbourne Road, Ridgewood brings into use surplus space in the grounds of the Highlands Inn creating a community hub.…
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21 February
Moda In Pelle launches SS24 collection
Luxury footwear brand, Moda In Pelle, has launched its Spring/Summer 2024 collection, which features “trendsetting” sports-luxe styles ahead of the Paris Olympics that are taking place later this year. The collection, which is at the centre of the retailer’s ‘Game On’ campaign, was inspired by styles seen on the SS24…
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21 February
BP appoints David Phillpot as European convenience trading director
BP has announced the appointment of David Phillpot as convenience trading director, Europe. Phillpot joins the firm from M&S and brings over 25 years of experience in diverse food retail roles. In his most recent role as franchise director, he led relationships and commercial plans with all of the M&S…
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21 February
Shopify makes leadership team changes to EMEA division
Shopify has announced changes to its EMEA leadership team, with new roles for Emilie Benoit-Vernay, Benjamin Lang and Lara Rosquët, as it seeks to drive growth across the region and better support its merchants, partners, and innovative product development. With EMEA revenue over $1.2bn (£951.4bn) and 27% of Shopify’s merchant…
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21 February
Currys shareholder Redwheel warns of stock market decline
Currys’ largest shareholder, Redwheel, has warned that more foreign firms will begin to circle London companies after the electronics retailer rejected a takeover bid from US hedge fund Elliott, The Telegraph has reported. Redwheel, which holds 14.6% of shares in Currys, said it was in “complete agreement” with the retailer’s…
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21 February
Strong Walmart sales boosted by omnichannel model in Q4
Walmart has reported strong fourth quarter results, as revenues grew by 5.7% to $173.4bn (£137bn) over the holiday quarter. Its performance was boosted by its omnichannel model, which it said “continues to resonate with customers helping to deliver strong growth”. Elsewhere, it reported a consolidated operating income up $1.7bn (£1.3bn),…
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21 February
Aldi to create 5,500 jobs in 2024
Aldi, Britain’s fourth largest supermarket, has revealed that it plans to create 5,500 new jobs across the course of 2024. Roles available include store assistants, managers and cleaners at new stores opening this year. The supermarket is also recruiting across its 11 regional distribution centres and within its head office.…
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21 February
Angling Direct sees group revenues rise to £81.7m
Fishing tackle retailer Angling Direct has reported a 10.2% increase in revenue to £81.7m for the year ended 31 January 2024, despite facing a “challenging” consumer landscape and disruption to fishing caused by storms in the final few weeks of FY24. The group’s UK store sales were up 7.6% to…
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20 February
Today’s news in brief-20/2/24
Julian Dunkerton is reportedly in discussions with US investor Davidson Kempner regarding a potential deal to take the company private. While talks are in the early stages, Dunkerton aims to acquire the majority stake in Superdry that he doesn’t already own. The company has faced challenges, including a YoY sales…
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