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.
-
Nov- 2023 -21 November
Iconix acquires streetwear brand Hoodrich
Brand management company Iconix International Inc. has acquired majority ownership of British streetwear brand, Hoodrich, in partnership with founder Jay Williams, who will retain an ownership interest. The deal, for an undisclosed sum, is based on a “shared vision” that the brand is poised to accelerate its already rapid growth…
Read More » -
21 November
M&S granted Judicial Review over Marble Arch redevelopment
M&S has received permission from the High Court to apply for Judicial Review for the redevelopment of the retailer’s Marble Arch store. The green light for Judicial Review comes after the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, refused planning permission for the retailer’s Central London…
Read More » -
20 November
Today’s news in brief-20/11/23
Van hire firm Redde Northgate has reportedly approached Halfords with a proposed £1.3bn merger deal, indicating a nil-premium merger. Talks between the two companies took place, but Halfords reportedly deemed the offer as significantly undervaluing the business. Halfords, boasting nearly 400 stores and 650 garages, is valued at £512m, while…
Read More » -
20 November
Under Armour to debut location at The O2
Sports apparel brand Under Armour will be making its London outlet debut at the The O2 in early December. Under Armour will be opening a 3,949 sq ft unit on the lower level of outlet shopping at The O2, neighbouring anchor stores Nike and adidas. It will stock a selection…
Read More » -
20 November
Co-op reopens Stornoway store following renovation project
Co-op has relaunched its Stornoway store on MacAulay Road, following a multi-million-pound renovation project. The near 22,000 sq ft store, which supports over 100 local jobs, is the largest in the group’s estate and has a focus on serving and supporting the island community. The renovation programme commenced in August…
Read More » -
20 November
Van firm eyes Halfords for £1.3bn merger
Halfords has reportedly been approached by van hire firm Redde Northgate about a possible £1.3bn merger deal, according to The Sunday Times. The outlet revealed that the two firms have had discussions, with sources claiming Redde Northgate proposed a nil-premium merger. However, it is thought that Halfords have currently stepped…
Read More » -
20 November
Walgreens to offload Boots pension scheme
Walgreens is set to pay £1bn to offload responsibility for Boots pension scheme, The Sunday Times has reported. It is believed that the move will be used to restart a sale process for the British beauty and pharmaceutical retailer. Walgreens Boots Alliance is said to be closing in on a…
Read More » -
20 November
Music Magpie in talks over potential sale
The board of Music Magpie has confirmed that it is in preliminary talks with BT Group plc and Aurelius Group over a potential offer to purchase all of MusicMagpie’s issued and to-be-issued share capital. It stated that discussions between the parties are ongoing and remain at a very early stage.…
Read More » -
20 November
Fortnum and Mason boss urges gov to scrap tourist tax
Fortnum and Mason boss Tom Athron has urged the government to scrap the tourist tax or risk businesses losing sales revenue to Paris, in an interview with This Is Money. Athron, chief executive of the luxury food store, stated that Paris was a “very attractive” destination for tourists due to…
Read More » -
20 November
Go Outdoors revenues halve as operating costs bite
Go Outdoors profits almost halved from £21.5m to £13m for the year ending 28 January 2023. The retailer of outdoor clothing and equipment attributed this decline in profits to property, utility and freight costs, which “increased disproportionately” during the financial year. However, according to filings on Companies House, the performance…
Read More »
