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 -14 September
John Lewis losses narrow in H1
The John Lewis Partnership has revealed that its losses before tax fell 41% to £59m for the 26 weeks ended 29 July 2023. Alongside this the company’s losses before tax and exceptional items fell 14% to £57.3m down from £66.8m in the same period last year. Sales at the company…
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14 September
The Entertainer appoints new CEO
The Entertainer, the UK’s largest independent toy retailer, has announced the appointment of Andrew Murphy as group chief executive officer. Murphy most recently held the role of group chief operating officer at John Lewis Partnership (JLP). He started his career on the John Lewis shop floor in Aberdeen, rising quickly…
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13 September
The Range agrees £5m deal for Wilko brand
Value retail chain The Range has agreed a deal to purchase the Wilko brand in a deal worth £5m, according to reports from Sky News. The deal is expected to be announced later on Wednesday and will be the latest in a series of transactions signed by administrators PwC. More…
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13 September
Aldi appoints new marketing director
Supermarket Aldi has recently announced the appointment of Kyrsten Halley as new marketing director. She joins fellow Aldi’s marketing director Jemma Townsend in jointly leading Aldi’s marketing team and strategy. Halley was previously marketing director at The Flavourists, part of the Samworth Brothers Group, the British food manufacturer, where she…
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13 September
Majestic to recruit 200 employees ahead of Christmas
Wine retailer Majestic has announced plans to hire 200 employees to work in its nationwide portfolio of stores in what is the company’s biggest ever pre-Christmas recruitment drive. Majestic will be expanding its workforce with a combination of permanent positions and temporary festive roles, as it gears up for the…
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13 September
BP appoints UK retail operations director
BP has announced the appointment of Joanne Hall as its new UK retail operations director, reporting to Sonya Adams, the VP of UK mobility and convenience retail. In her new role, Hall will focus on delivering best-in-class operations across BP’s 300 company-owned retail sites, while enhancing the convenience experience and…
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13 September
UK GDP falls by ‘worse than expected’ 0.5% in July
The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial strikes impacted production, according to the latest statistics from the Office for National Statistics (ONS). The ONS revealed that all of the main sectors fell in July 2023, with output in the services…
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13 September
Fanatics appoints new commerce CEO
Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as the next chief executive officer of Fanatics Commerce, effective immediately. Low Ah Kee replaces former Fanatics Commerce CEO Doug Mack who announced his retirement last month. Fanatics Commerce is a designer, manufacturer, and seller of licensed…
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13 September
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The Financial Times. The footwear company reportedly filed a confidential prospectus to regulators in July, but this public filing would allow the company to join the New York Stock Exchange from…
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13 September
Inditex’s H1 profit before tax jumps 39%
Zara and Stradivarius owner Inditex has revealed that its profit before tax rose 39% to €3.3bn (£2.84bn) for the six months ended 31 July 2023. The company’s sales rose 13.5% to €16.9bn (£14.6bn) and as a result the company posted a gross profit of €9.8bn (£8.4bn) which was an increase…
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