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.

  • Jan- 2024 -
    3 January
    THG backs director after shareholder revolt

    THG backs director after shareholder revolt

    The board of THG has backed a non-executive director after his re-election was voted against by more than a fifth of shareholders at the company’s AGM. A “significant” number of votes were cast against a resolution relating to Iain McDonalds’ re-election in the AGM last June. However, following a review…

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  • 3 January
    Supermarkets see highest December transactions since 2019

    Supermarkets see highest December transactions since 2019

    Britons made 488 million trips to the supermarkets over the four weeks to 24 December, 12 million more than last year and the largest number at Christmas since 2019. According to data from Kantar a record £13.7 bn passed through the tills, with the average household spending an all-time high…

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  • 3 January
    Asda appoints new chief digital officer from Morrisons

    Asda appoints new chief digital officer from Morrisons

    Asda has appointed Matt Kelleher as its first chief digital officer with the aim to evolve how it uses data to improve its customer offer, as part of its long-term ambition to be the UK’s second largest grocery retailer. Kelleher will join the supermarket in July from Morrisons, where he…

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  • 2 January
    Today’s news in brief-2/1/24

    Today’s news in brief-2/1/24

    Central Group is reportedly considering increasing its stake in luxury department store Selfridges as co-owner Sigma faces financial issues. Central recently became the largest shareholder, converting a £317m loan into equity. Sigma’s Prime Selection unit filed for insolvency, possibly leading to liquidation of assets worth over €19bn, impacting its stake…

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  • 2 January
    The Co-op welcomes new board members

    The Co-op welcomes new board members

    The Co-operative Group has announced the appointment of Moni Mannings and Luke Jensen as independent non-executive directors, effective from today (2 January) and 19 February respectively. Mannings joins as a highly regarded NED, SID and committee chair with a unique depth and breadth of board experience across a wide range…

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  • 2 January
    Babbico appoints former Mothercare head as new CEO

    Babbico appoints former Mothercare head as new CEO

    Baby clothing retailer Babbico has appointed former CEO of Mothercare, Dan Le Vesconte, as CEO, with effect from 1 January 2024. Le Vesconte stepped down from his previous role as CEO of Mothercare in June 2023. Prior to Mothercare, Le Vesconte held senior roles at Abercrombie & Fitch as GVP…

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  • 2 January
    Central Group eyes increased stake in Selfridges

    Central Group eyes increased stake in Selfridges

    Central Group is reportedly interested in increasing its control of luxury department store Selfridges as its co-owner Sigma faces financial difficulty, according to The Sunday Times.   The Thai conglomerate is looking to increase its stake after Sigma’s Prime Selection unit, the division that co-acquired Selfridges in a £4bn deal last…

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  • 2 January
    John Lewis to prioritise retail in new turnaround plan

    John Lewis to prioritise retail in new turnaround plan

    John Lewis Partnership is going to update its turnaround strategy after chief executive Nish Kankiwala has told its staff that the business will focus on retail.  Kankiwala, who joined the business in March, said that the Partnership has to operate under a “one retail mindset” for Waitrose, John Lewis, as…

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  • 2 January
    Aldi and Lidl see record-breaking Christmas

    Aldi and Lidl see record-breaking Christmas

    Discount supermarkets Aldi and Lidl have both experienced record-breaking Christmas periods. Aldi posted sales over £1.5bn in the four weeks to 24 December, an 8% increase year-on-year, while Lidl sales jumped 12% year-on-year. Aldi reported that Friday 22 December was its busiest trading day with over 2.5 million customers visiting…

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  • 2 January
    Shop price inflation flatlines in December

    Shop price inflation flatlines in December

    The annual shop price rise was slower than the three-month average rate of 4.6% at 4.3%, the lowest since June 2022, according to the BRC’s latest shop price index.  The index, which compiled data from the first week of December, showed that non-food price inflation picked up to 3.1% in…

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