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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Oct- 2023 -31 October
Sainsbury’s unveils personalised Nectar prices
Sainsbury’s has launched personalised lower prices for Nectar Card users on its website and in-store under its ‘Your Nectar Prices’ scheme. Until now, Nectar Prices have only been available to digital Nectar users when shopping in Sainsbury’s stores using SmartShop. The launch of Your Nectar Prices on the website means…
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31 October
Naked Wines appoints Rodrigo Maza as UK MD
Naked Wines has announced Rodrigo Maza as its new managing director for its UK business. Maza joins from AB InBev where he was most recently expansion markets managing director. He also spent over 17 years at Mexican brewery Grupo Modelo, rising to the position of sales execution manager. He succeeds…
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31 October
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since August 2022, according to data from the British Retail Consortium (BRC). As a result the BRC has called upon the chancellor not to burden businesses with “unnecessary new costs” to…
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31 October
Shein appoints ex-PLT buying director as chief product officer
Shein has recently appointed Gemma Dunne to the recently-created role of chief product officer, according to Drapers. Formerly PrettyLittleThing buying director, Dunne left the job after 10 years with the company and is understood to have started her new role at Shein last month. Her fashion career began in 2013…
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31 October
N Brown appoints new Simply Be general manager
Fashion and homeware digital retailer N Brown Group plc has announced the appointment of Heidi Kenyon-Smith as the new general manager of Simply Be. Kenyon-Smith brings significant digital, womenswear and media expertise to N Brown, with over 20 years of industry experience, and joins the business from the dentsu media…
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31 October
Footasylum furthers expansion with new Birmingham and Watford stores
Footasylum has continued its expansion with the opening of two new stores, having opened a new site in the Bullring in Birmingham, and one in the atria shopping centre in Watford. Following these openings, the group said an upsized store in Fosse Park Leicester will also be opening next month. …
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31 October
Ugg owner revenues rise by 25% in Q2
The owner of Ugg and sportswear label Hoka, Deckers, saw a 25% year-on-year rise in revenues to $1.09bn (£900m) in Q2 for the period ended 30 September. The group attributed its performance to rising demand for Ugg and Hoka, as sales for the two products jumped 28.1% year-on-year to $610.5m…
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30 October
Today’s news in brief-30/10/23
Shein has acquired the Missguided brand from Frasers Group. This move will make Missguided products and collections available to Shein’s 150 million global users through both Shein and Missguided’s websites. Additionally, Shein has entered into an agreement to licence the Missguided brand’s intellectual property to SUMWON Studios, a joint venture…
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30 October
M&S to sell Jaeger brand in 20 more stores
Marks and Spencer has today (30 October) announced that fashion brand Jaeger will open in a further 20 stores across the UK, following the iconic heritage brand’s ongoing success in store and online. Following a successful trial last year, where selected M&S stores welcomed a dedicated space for Jaeger, M&S…
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30 October
Andrews Tiles launches TheTilersHub.co.uk
Andrews Tiles has announced the launch of its online venture TheTilersHub.co.uk, which sells DIY products with next day delivery. The launch comes after the retailer made a “considerable” expansion this year, which included two new site openings in Seacroft and Stockport in Greater Manchester. The retailer attributed its expansion to…
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