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.
-
Jan- 2024 -2 January
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…
Read More » -
2 January
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…
Read More » -
2 January
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…
Read More » -
2 January
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…
Read More » -
2 January
In The Style founder steps down as CEO
Adam Frisby, the founder of In The Style, has announced that he is stepping down from his role as CEO, 10 years after founding the company. In a post on LinkedIn, Frisby said: “After 10 amazing years of In The Style… it’s time for me to say goodbye! (For now).…
Read More » -
2 January
Uniqlo UK boss to cut prices to attract more shoppers
Uniqlo’s UK boss, Alessandro Dudech, has vowed to cut prices as inflation eases out as it seeks to attract more shoppers to boost its expansion plans, the Telegraph has reported. According to Dudech, the group plans to pass on the falling cost of materials to consumers by cutting prices on…
Read More » -
Dec- 2023 -22 December
Today’s news in brief- 22/12/23
Nike has announced a cost-saving plan of $2bn over the next three years and revised down its sales forecast. This move has led to an over 11% drop in the company’s stock price during after-hours trading. The company anticipates a pre-tax charge of $400-450m in the current quarter due to…
Read More » -
22 December
Tesco predicts record demand for no and low alcohol drinks
Shoppers are set to create record demand for no and low alcohol beer, wines and spirits this Christmas, according to Tesco. The prediction comes after the supermarket saw its strongest ever sales in 2023 with high demand sustained across the year. Demand for no and low alcohol beer at the…
Read More » -
22 December
ScS shareholders approve £99m Poltronesofà deal
ScS has announced that its shareholders have voted in favour of the group’s £99m takeover by Italian firm, Poltronesofà. At a general meeting this week, shareholders approved all resolutions regarding the deal, allowing the move to proceed. In October, ScS and Cerezzola Limited, a newly incorporated wholly-owned subsidiary of Poltronesofà,…
Read More » -
22 December
UK retail sales rise 1.3% in November
Retail sales volumes are estimated to have increased by 1.3% in November 2023, from no growth (revised from a fall of 0.3%) in October 2023, according to new figures by the ONS. Non-food store sales volumes rose by 2.3% in November 2023, following a 0.2% increase in October 2023. Retailers…
Read More »
