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 -4 December
Jollyes owner mulls £100m sale
The owner of Jollyes, private equity firm Kester Capital, is considering a sale of the pet retailer for around £100m, according to reports from The Times. City sources told The Times that Kester Capital, is working with financial advisors at Houlihan Lokey on “strategic options” for the business. Jollyes currently…
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1 December
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 December
Seven Dials enhances retail offer
Shaftesbury Capital has announced that five new brands have joined the Seven Dials neighbourhood located within its Covent Garden portfolio. Incorporating a mixture of UK debuts and permanent brick-and-mortar locations, these new additions continue to demonstrate the destination’s ongoing appeal in attracting independent and innovative brand debuts, as well as…
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1 December
THG founder takes 3.2% Kelso Group stake
THG founder Matthew Moulding has taken a 3.2% stake in Kelso Group, the shareholder that has been critical of his business leadership style. Moulding is said to have made an investment of around £300,000. Kelso was launched in 2022 with the backing of a number of high net worth individuals…
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1 December
Claire’s names Chris Cramer new CFO and COO
Claire’s has named Chris Cramer as its new chief financial officer and chief operating officer, having recently served as president of Parade, a Gen Z-focused lingerie and lifestyle clothing brand. Prior to that, Cramer spent over 20 years at Bath and Body Works in a variety of leadership roles including…
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1 December
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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1 December
Aldi invests £12m to lower the price of more than 180 products
Aldi has announced it is investing £12m to lower the prices of over 180 of its products. Its latest move follows the announcement of the supermarket’s ‘Christmas Price Lock’, which sees the prices of key food staples including a range of whole turkey crowns, pigs in blankets, Christmas puddings and…
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1 December
Frasers pulls out of SportScheck deal
Frasers has announced that it has pulled out of a deal to acquire SportScheck after the German sports retailer filed for administration. As a result of this move Frasers is now looking to acquire the firm in a pre-pack deal. The company stated that it has “exercised its right” to…
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Nov- 2023 -30 November
Lidl set for ‘record-breaking’ Christmases amid 11% customer increase
Lidl GB is anticipating a “record-breaking” Christmas, after reporting an 11% uptick in customers over the past six weeks. The update comes as Lidl GB’s CEO revealed that shoppers started planning and preparing for the festive season early this year, with two mince pies selling every second since September. The…
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30 November
Today’s news in brief-30/11/23
Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
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