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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Sep- 2023 -25 September
Today’s news in brief- 25/09/23
H&M has reversed its earlier decision to impose a processing fee of £1.99 for in-store returns of online purchases. The initial announcement had been met with public outcry. Now, H&M’s website clarifies that there will be no return fee for parcels returned in-store. However, non-H&M members will still be subject…
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25 September
Kenji and Rituals set to open at Merry Hill
Sovereign Centros has announced that Kenji, the design-led homeware retailer, and Rituals, the luxury beauty and wellbeing brand, have signed at Merry Hill. Set to open later this year, Kenji and Rituals will occupy over 6,850 sq ft of retail space, joining a series of recently opened leading retailers and…
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25 September
BP appoints new VP of marketing for Europe retail team
BP has announced the appointment of Claire Farrant as its new VP of marketing for the mobility and convenience retail business in Europe. Farrant previously served as marketing director at Lidl UK, where she played a part in expanding the grocer’s market share in the UK’s supermarket sector. In her…
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25 September
M&S adds Adidas and Sweaty Betty to sports platform
Marks and Spencer has announced it will welcome Adidas and Sweaty Betty to its ‘The Sports Edit on M&S’ platform as the retailer continues to bolster its sportswear offer as part of its ‘Brands at M&S’ strategy. The launch of Adidas and Sweaty Betty will see the addition of an…
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25 September
UK consumer confidence up four points, says GFK
GfK’s long-running Consumer Confidence Index increased four points to -21 in September amid falling inflation figures, growth in wages and high interest rates. The index measuring changes in personal finances during the last year was up two points at -13; this is 15 points better than September 2022. The forecast…
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25 September
THG’s £200m HQ sale falls through
THG boss Matt Moulding has reportedly seen his plan to offload the business park which hosts the headquarters of THG, which could have been worth up to £200m, has fallen through. The boss of THG had been in talks with property investor ICG Real Estate of a sale with the…
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25 September
Aldi to invest £1.4bn in UK-wide expansion
Aldi has announced that it would increase its rate of investment in the UK in the next two-year period to more than £1.4bn, as annual sales increased by almost £2bn to £15.5bn in the year to December 2022. The discount retailer’s investment will include work to expand its distribution and…
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25 September
H&M makes U-turn over in-store return fee
H&M has recently decided not to charge customers a processing fee of £1.99 for online returns made in store, according to the BBC. Last week it was reported that customers were to pay the fee in order to return parcels both in store and online. Now, the retailer has updated…
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25 September
Iceland complains to Ofgem over conduct of energy firms
Gas and electricity suppliers have been accused of profiteering and discrimination by businesses including Iceland, The Telegraph has reported. According to reports, British businesses made complaints to Ofgem regarding the behaviour of gas and electricity companies as part of the energy regulator’s investigation into “poor conduct”, which launched earlier this…
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22 September
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
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