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 -5 December
December to see £13bn in grocery sales for first time, Kantar says
Take-home grocery sales are expected to surpass £13bn for the first time ever this December, according to marketing data and analytics company Kantar. It comes as its latest figures found that sales grew by 6.3% over the four weeks to 26 November 2023 to reach £11.7bn. Kantar said the cost…
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5 December
THG acquires skincare brand Biossance
THG has agreed to acquire skincare brand Biossance from US biotechnology group Amyris Inc for a maximum consideration of $20m (£15.8m). Since inception in 2015, Biossance has generated global revenues of $300m (£237m) and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges…
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5 December
Marks and Spencer extends Christmas trading hours
Marks and Spencer has announced that it has extended its Christmas trading hours from 18-22 December with more than 400 stores open from 6am until 10pm. Additionally, a number of stores will also be open until 10pm on 23 December and 4pm on Christmas Eve for last minute Christmas shoppers.…
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5 December
Quiz launches strategic review after £1.5m loss
Quiz has announced that it has launched a strategic review after it posted a pre-tax loss of £1.5m for the six months ended 30 September 2023. This loss comes after the company posted a profit of £1.8m in the same period last year, with the retailer putting this drop down…
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4 December
Superdrug opens new store in Brent Cross Shopping Centre
Superdrug has opened a new 6,000 sq ft store in Brent Cross Shopping Centre today (4 December), creating 45 new jobs. The new store, which is one of the retailer’s largest within the M25, will offer customers access to the latest health and beauty products, everyday toiletries, beauty treatments and…
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4 December
Today’s news in brief-4/12/23
The owner of Jollyes, private equity firm Kester Capital, is reportedly considering a sale of the UK pet retailer for around £100m, according to sources. City insiders revealed that Kester Capital is collaborating with financial advisors at Houlihan Lokey to explore various “strategic options” for the business. Jollyes, currently operating…
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4 December
Nisa appoints new head of central operations
Nisa has announced that Michelle Scott-Jones has been promoted to become its new head of central operations. Scott-Jones joined Nisa in 1994 and successfully operated as administration manager and then support and planning manager until 2015. She was offered the position of business manager in trading support in 2019 –…
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4 December
Majestic bolsters property team with two new roles
Majestic, the specialist wine retailer, has made two key appointments in its property team as the business gears up to accelerate its “ambitious” store opening plans. The retailer has created two new roles – director of estates and acquisitions, and director of format development and new store operations – as…
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4 December
EE boss vows to take on Amazon and Currys
EE boss Marc Allera is planning to take on Amazon and Currys in a bid to become one of the UK’s biggest sellers of electrical goods, according to This is Money. According to the outlet, Allera stated that he wants customers to make purchases “every day and every week”. His…
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4 December
Lush CEO blames govt for high street decline
Lush CEO Mark Constantine has attributed the decline of the high street to the Conservative government’s decision to cut council finances, The Times has reported. Constantine told The Times that high streets in Britain are “deserted” due to more local councils being pushed into a state of bankruptcy by a…
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