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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Dec- 2023 -6 December
Today’s news in brief-6/12/23
Farfetch is reportedly contemplating the sale of fashion retailer Browns as part of efforts to secure the company’s future amid a funding crisis. Founder José Neves is in talks with shareholders and JP Morgan about potentially delisting the business. The company is also in discussions with Richemont for additional funding.…
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6 December
Poundland completes 87 new store opening in 70 days
Next Saturday (9 December) Poundland will complete the opening of 87 new stores in just 70 days as new stores open their doors in 10 locations. Poundland’s biggest-ever single quarterly opening programme has added around 1m square feet of new space as it opened and relocated stores into bigger premises. …
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6 December
Part of Lakeside to be demolished for £200m redevelopment
Part of Lakeside shopping centre in Essex will be demolished to make space for a £200m warehouse and distribution centre, BBC News has reported. Several stores including Boots, M&S, Asda Home and Burger King will be affected by the plan and will be relocated elsewhere on the site in Thurrock.…
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6 December
Farfetch considers Browns sale amid funding crisis
Farfetch is reportedly considering selling fashion retailer Browns as it faces a race against time to secure the future of the company, according to Drapers. This follows reports that the company is considering taking itself private to prevent its collapse. Founder José Neves is reportedly in discussion with shareholders and…
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6 December
Matches seeks cash to fund turnaround plan
Matches Fashion has reportedly hired an advisory firm as it seeks a cash injection to help fund its turnaround strategy, according to Drapers. The outlet reported that Matches has hired Teneo to explore funding options as it seeks around £50m with it citing a source that “all options are on…
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6 December
Moonpig sales and profit rise in H1
Moonpig has welcomed a rise in sales and profits in the first half of the year, as the group continued to focus on technology advancements over the period. Revenues returned to growth and rose by 6.5% to £152.1m, while profit-before-tax was £20.8m, up from £18.9m the prior year. Meanwhile, adjusted…
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6 December
Sergio Rossi appoints new CEO
Luxury Italian footwear and accessories brand Sergio Rossi has announced the appointment of Helen Wright as its new CEO, effective immediately. Wright joins after service as the CEO at dancewear footwear company, Bloch International. She was previously also CEO at Belstaff from 2017 to 2020 and at luxury accessories brand…
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5 December
Today’s news in brief-5/12/23
Independent luxury retailer Jules B is reportedly contemplating a Company Voluntary Arrangement (CVA) following a ransomware attack that occurred in September. The MD and co-founder, Julian Blades, has sought assistance from KSA Group to navigate through the financial challenges. The retailer aims to focus more on its website, which constitutes…
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5 December
Lounge opens pop-up at Liverpool One
Underwear brand Lounge has launched its Christmas pop-up store on Liverpool One’s South John Street that will run until December 23. The 4,000 sq ft store delivers a premium shopping experience showcasing the brand’s range of lingerie, loungewear, and nightwear. Championing its ‘Comfort Made Sexy’ tagline, the store offers fully…
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5 December
Jules B eyes CVA following ransomware attack
Independent luxury retailer Jules B is reportedly considering a company voluntary arrangement (CVA), following a £79,200 ransomware attack in September, According to Drapers. The proposal to implement a CVA comes after the MD and co-founder of Jules B, Julian Blades, is said to have appointed KSA Group to help it…
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