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 -9 October
Asda rebrands first 11 Co-op sites into Express stores
Asda has launched its programme to convert 116 convenience stores and attached petrol station forecourts acquired from the Co-op Group last year to its Asda Express convenience brand. The 11 sites are the first tranche to be rebranded Asda Express, with the remaining 105 sites due to be converted by…
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9 October
Aldi to recruit 3,000 roles ahead of Christmas
Aldi has revealed it is recruiting for 3,000 store roles ahead of the festive period. The supermarket is looking to hire for both temporary and permanent store positions to help replenish stock and provide further assistance to customers during the busy Christmas season. Roles available will include store assistants, managerial…
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9 October
Waitrose in talks with Amazon over grocery deal
Waitrose is reportedly in talks with Amazon to consider selling groceries on the platform in a bid to regain market share lost to other discount retailers, The Telegraph has revealed. The pair are reportedly considering a new third-party deal, three years after Waitrose severed ties with Ocado. Recently, Amazon struck…
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9 October
Very Group suppliers see credit insurance pulled
Suppliers for the Very Group have seen its credit insurance pulled by Allianz Trade amid concerns around the retailer’s falling profit, according to reports from Drapers. It has been reported that the decision to withdraw cover was due to macro-economic pressures as consumers reduce their spending. Very Group saw its…
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9 October
Natura sets final bid deadline for The Body Shop
Body Shop owner Natura and Co has announced that interested parties have to submit their final bids by 23 October 2023, according to Retail Week. It revealed that Morgan Stanley will be handling Body Shop’s sale on behalf of Natura and Co and has set a final deadline to get…
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9 October
House of Fraser could disappear from high street, CEO warns
House of Fraser stores could disappear from the high street altogether, as Frasers plans to pivot away from the traditional department store model, CEO Michael Murray has told the Telegraph. Murray said the House of Fraser brand could disappear altogether, adding that the “future vision is that House of Fraser…
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9 October
John Lewis to persist with housing venture despite ‘extreme challenges’
John Lewis strategy director Nina Bhatia has maintained that the retailer’s commitment to its housing venture was “unwavering” in The Telegraph, regardless of who will succeed Dame Sharon White as chairman. This comes after last December, the retailer revealed plans to build 1,000 rental properties on its land as part…
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6 October
Today’s news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (£4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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6 October
UK footfall decreases 2.9% in September, BRC says
Total UK footfall decreased by 2.9% in September (YoY), down from -1.6% in August, according to new data from the BRC. High street footfall decreased by 1.7% in September, down from -0.9% in August, meanwhile retail parks footfall decreased by 2.4%, remaining the same in August. Shopping centre footfall decreased…
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6 October
The Entertainer to recruit 800 temporary staff for festive season
Toy retailer The Entertainer has announced a festive recruitment drive that will fill up to 800 new temporary seasonal roles across its network of UK stores. Contracts are currently available and vary from eight to 20 hours per week. The Entertainer’s seasonal roles are ideal for those seeking flexible shifts…
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