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 -11 September
Dyaco UK and Sweatband.com announce merger
Dyaco UK, a supplier and manufacturer of premium commercial gym equipment in the UK and Ireland, has announced a strategic merger with Sweatband.com, another UK-based supplier of sports and fitness products. By merging with Sweatband, Dyaco will become the only company in the country that can supply the entire fitness…
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11 September
Co-op extends use of anti-theft dummy display
Co-op is extending its trial of anti-theft, empty, dummy display packaging for targeted products on its shelves to deter rising levels of crime driven by prolific and persistent offenders. Industry reports show that almost two-thirds (63%) of crime is driven by repeat and prolific offenders, with drug or alcohol addictions…
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11 September
HMV owner fails with Wilko rescue deal
A rescue deal for collapsed high street retailer Wilko which could have saved thousands of jobs has failed after HMV owner Doug Putman pulled out of the deal due to rising costs. Putman had reportedly planned to keep up to 300 stores, however it is thought that the deal was…
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11 September
John Lewis boss calls for review into town centres amid looting fears
The boss of John Lewis has warned that high streets could become a “looting ground” for criminals if change is not implemented, calling for a royal commission review into dying town centres. Dame Sharon White has warned that years of shop closures have led to a rise in shoplifting and…
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11 September
Zalando appoints new VP of sustainability and D&I
Zalando has appointed textile and apparel industry expert Pascal Brun as its new vice president of sustainability and diversity and inclusion (D&I), reporting into Padmaja Bommareddy, SVP Corporate Development. Brun joins Zalando from H&M where his experience spanned across different continents and a variety of execution and strategic management roles…
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11 September
Retail leaders call for business rates freeze
Leaders of major retail businesses have written to chancellor Jeremy Hunt calling for a freeze in business rates in the upcoming budget, according to the Times. The CEOs of 44 of the UK’s biggest retailers such as Aldi and Ikea believe that more than £400m would be added to rates…
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11 September
Morrisons considers offloading petrol forecourts in £2.5bn deal
Morrisons is considering offloading its 340 fuel retail sites in a £2.5bn acquisition by CD&R-owned Motor Fuel Group (MFG), Sky News has reported. News of the talks between Morrisons and MFG comes months after CD&R stopped a potential sale of the latter business. It is understood that the retailer opened…
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11 September
Discount Dragon acquires Motatos UK
Online discount supermarket Motatos has been acquired by the parent company of Discount Dragon for an undisclosed sum. The news comes after Motatos’ recent announcement that it is exiting the UK market with immediate effect. The Swedish retailer launched in the UK in June 2022 offering discounts on food brands,…
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8 September
Focus Brands to open two Avirex stores amid UK expansion
UK-based sports and streetwear distributor, Focus Brands, will be opening two stores for the US military apparel brand, Avirex, on 15 September amid the brand’s expansion in the UK. The first London site is a pop-up on Soho’s Berwick Street and the second is on Fitzrovia’s Eastcastle Street. The openings…
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8 September
Sainsbury’s to use best-before dates on milk from next year
Sainsbury’s has announced it will be swapping use-by dates for best-before dates across its own-brand milk range, making it the biggest UK retailer to make this change. The move will affect 44 products in total, including all fresh and organic milk sold across England, Scotland, and Wales, and will apply…
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