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 -7 September
Sainsbury’s to launch branded fashion hubs in 50 stores
Sainsbury’s has announced it is set to launch new fashion destination spaces across nine of its stores that will host a curated offer of complementary brand partners alongside its Tu clothing ranges. The move is the start of a new venture to create at least 50 fashion destination hubs in…
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7 September
BP launches loyalty pricing on retail store products
BP has strengthened its BPme Rewards loyalty scheme with the launch of loyalty pricing, which gives customers exclusive discounts on retail store products. The launch is the oil industry company’s first loyalty pricing scheme and sees it go “beyond the conventional model” of a points-based loyalty scheme. BPme Rewards Price…
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7 September
Waitrose staff warned of job losses amid shift overhauls
Waitrose staff have reportedly been warned that their jobs could be at risk as the retailer looks to change work shifts and hours in a bid to increase productivity and lower costs across the group. According to the Financial Times, the move forms part of a new project for the…
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7 September
Aldi opens 1000th store and targets 500 more
Aldi is opening its 1,000th UK store in Woking, Surrey, today (7 September) and has committed to a new long-term target of 1,500 stores in the UK, which will see the company invest billions of pounds into the UK economy. The Woking store is one of over 150 sites that…
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7 September
Currys LFL UK sales down 2% in Q2
Currys has revealed that its like-for-like in the UK and Ireland were down 2% for the 17 weeks ended 26 August 2023. Despite this the company stated that its revenue trends were better in July and August than in May and June. Currys stated that it saw robust sales in…
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7 September
DFS secures £250m in credit facilities
DFS has completed a new £200m revolving credit facility and £50m issue of US private placement notes, replacing the retailer’s existing £215m RCF. The new credit facility, which has been agreed with existing banking partners, will mature in September 2027 and includes an option to extend a further 16 months. …
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7 September
Holland and Barrett relaunches its entire food range
Holland and Barrett has relaunched its entire food range with the first 500 products launching throughout September marking the start of the “biggest transformation of its food category in a decade”. The news comes after the retailer has been investing in its store estate, opening 19 stores and refitting 16…
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6 September
Homeware brand Søstrene Grene to open in Liverpool
Danish homeware retailer Søstrene Grene has announced plans to open its first Liverpool store on Bold Street, with the official opening date set to be announced very soon. The brand, which promises to bring “a touch of Danish charm and ‘hygge’” to the city, will stock minimal, Scandinavian designs in…
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6 September
Caledonia Park signs Hobbs and Phase Eight
Railpen has recently announced that Phase Eight and Hobbs have signed at Caledonia Park, Scotland’s premium designer outlet village. The two brands will be sharing a 3.035 sq ft unity with a dual fascia, which is set to open in Q4. The new store will mark Hobbs’ first Scottish outlet…
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6 September
John Lewis appoints former River Island CEO to board
John Lewis has announced the appointment of Will Kernan as non-executive director of the partnership board, to be effective from 12 September. Kernan will succeed Nish Kankiwala, who took the role of partnership’s chief executive officer in March 2023 after being non-executive director on the partnership board for two years. …
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