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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Oct- 2023 -13 October
Today’s news in brief-13/10/23
The John Lewis Partnership has appointed Martin Gafsen as its new director of property. Gafsen, previously the interim corporate finance director at Royal Mail, brings extensive experience in property management. He led the strategy for Royal Mail’s nationwide freehold and leasehold estate for 16 years. Additionally, Gafsen was responsible for…
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13 October
Tesco to hire 30,000 people ahead of Christmas season
Tesco is planning to recruit 30,000 temporary workers across the UK to help customers during the busy Christmas period. The jobs will mainly involve working in Tesco’s Superstores and Extra stores for either early morning, day or evening shifts, so that prospective applicants can find an opportunity that fits around…
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13 October
Wilko launches online as part of The Range
Wilko.com has started home delivery for online orders yesterday (12 October) with a selection of products and brands available via its ‘marketplace’ format. Formerly the online hub for Wilko, which recently collapsed, it is now part of home and leisure retailer, The Range. Shoppers will also see Wilko-branded products appear…
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13 October
John Lewis Partnership appoints new property director
The John Lewis Partnership has announced it has appointed Royal Mail’s interim corporate finance director, Martin Gafsen, as its new director of property. Gafsen, who will officially join on 13 November, was Property and Facilities director for the Royal Mail Group for 16 years, leading the strategy for its nationwide…
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13 October
Boots revenues up 12.5% due to skincare and luxury sales
Boots has reported a 12% jump in sales for the fourth quarter ended 31 August, which contributed to a 12.5% increase in revenues for the full year. According to the retailer, skincare and luxury beauty products were the best performing categories for the period. Sales of skincare products increased by…
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13 October
Ikea sees sales jump 6% to €47.6bn
Ikea has posted sales of €47.6bn (£41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite facing what it called the “continued challenge of lower sales quantities”. Alongside this, the company’s UK sales rose 11.9% to £2.46bn, with the company stating that number was boosted by…
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13 October
Sainsbury’s to create 22,000 seasonal roles
Sainsbury’s is creating 22,000 additional seasonal roles ahead of Christmas trading, including 2,000 new roles at Argos. The supermarket said it is recruiting temporary colleagues earlier than usual this year, starting as early as this week. It said this will “ensure there are plenty of colleagues ready to help and…
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13 October
Dunelm green targets approved by SBTi
Dunelm has announced that its greenhouse gas emissions targets have been approved by the Science Based Targets initiative (SBTi). Dunelm has become the first dedicated homewares specialist and one of the first companies globally to set short and long-term company-wide emission reduction targets in line with climate science, following a…
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13 October
Miniso opens new flagship store on Oxford Street
Globally recognised lifestyle retailer Miniso has signed a five-year lease for its new flagship store on Oxford Street. The retailer has become the latest one signing a new agreement in the block following the likes of Claire’s, Ann Summers and Intimissimi. The property provides approximately 3,200 ft of retail accommodation…
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12 October
Today’s news in brief-12/10/23
Next is reportedly in the final stages of acquiring clothing brand FatFace in a deal worth over £100 million. This move follows Next’s recent acquisitions, including a majority stake in Reiss, the brand name and assets of Cath Kidston, and the acquisition of Made.com. The group also has investments in…
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