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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Jan- 2024 -3 January
UpCircle wins £250k Sky Zero Footprint Fund 2023
Skincare brand UpCircle has won Sky Zero Footprint Fund’s £250k prize in media value to spend on TV this year with its TV commercial ‘forward thinking skincare that keeps you coming back’. UpCircle was founded by siblings Anna and Will Brightman when they discovered that more than 500,000 tonnes of…
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3 January
The O2 sales jump 31% in 2023
The Entertainment District and Outlet Shopping at The O2 has reported a record-breaking year of trade in 2023, with a 31% sales increase compared with like-for-like trading days in 2022. Across the year, The O2 welcomed over 8.9 million visitors to the destination (up 17% compared to 2022 footfall), and…
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3 January
The Body Shop first global beauty brand awarded 100% vegan certification
The Body Shop has revealed it has become the first global beauty brand retailer to achieve 100% vegan product formulations across all ranges including skincare, body care, haircare, makeup and fragrance. The entire product formulations portfolio has been certified by the Vegan Society. It comes as the retailer said the…
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3 January
Morrisons invests £15m to freeze prices across 1000 products
Morrisons has revealed it has invested £15m in order to cut the price of popular products this January in a bid to help its customers through the January squeeze after the expense of Christmas. Over 200 products are being cut by an average of 20% including cupboard essentials and breakfast…
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3 January
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
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 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
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-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
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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