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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Oct- 2023 -23 October
Today’s news in brief-23/10/23
John Lewis is facing criticism from city planners over its affordable housing plans. Initially, the company aimed to make 20% of the housing in its Bromley development affordable. However, recent revelations indicate that only 10% of the flats will be designated as affordable. The Greater London Authority’s Planning Unit deems…
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23 October
Claire’s to relaunch new-look loyalty programme
Claire’s has announced the relaunch of its more than 18 million member loyalty programme under a new name and brand identity – C.CLUB, following the success of the brand’s existing global programme. The reimagined club is created for and by customers, providing increased benefits, faster ways to earn rewards and…
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23 October
Red Run opens in Liverpool One
Grosvenor has announced that women’s active streetwear brand, Red Run, has opened the doors to its new flagship store at Liverpool One. The opening is an important milestone in the growth of the popular fashion-forward brand and represents Liverpool One’s dedication to supporting the development of local, independent businesses. The…
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23 October
Asda appoints new VP of marketing
Asda has appointed Adam Zavalis as its new vice president of marketing. Zavalis joins the supermarket in November and will report to Asda’s chief customer officer David Hills, who joined Asda in September as part of its executive leadership team. As VP marketing, Zavali will lead Asda’s marketing team and…
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23 October
European authorities greenlight Farfetch’s YNAP acquisition
Online retailer Farfetch has officially been given the green light by European authorities to acquire a large stake in Yook Net-A-Porter (YNAP). The European Commission unconditionally cleared its acquisition of a 47.5% stake in YNAP from Richemont, the owner of Cartier. It was the last regulatory authority required to provide…
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23 October
Police to unveil new ‘zero tolerance’ plan to tackle shoplifting
Ministers, police and retailers have agreed on a new “zero tolerance” plan to crack down on the increase in shoplifting crimes, The Sunday Times has reported. It is understood that police chiefs will reveal plans on how they intend to tackle shoplifting at a summit in Downing Street today (23…
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23 October
JD Sports launches new loyalty app
Sports retailer JD Sports has announced the launch of its JD Status loyalty programme app across its JD stores in the UK. The new app, which already operates in the United States, rewards loyal customers with cashback on purchases of their favourite brands ahead of its peak Christmas shopping period.…
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23 October
Pret accelerates US expansion with new partnership
Pret A Manger has announced a new joint venture (JV) partnership with existing franchisee, Dallas International (Dallas), accelerating its expansion plans in the United States. The group said it is a key growth market in which it intends to expand further through a combination of new equity shops and additional…
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23 October
London planners blast John Lewis over affordable housing plans
London planning officials have accused John Lewis of planning to build “executive housing” which will not help local families. In planning documents, the company stated that it aimed to make 20% of the housing at its Bromley development affordable. However, John Lewis revealed that as little as 10% of the…
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20 October
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
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