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.
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Nov- 2023 -14 November
Avon to open its first UK physical stores
Avon has announced that it is set to open physical stores in the UK for the first time in its history. For the majority of its 137 year history Avon has relied on door to door salespeople to sell its goods but that is set to change. This news comes…
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14 November
Next defends chair following shareholder rebellion
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the company’s AGM earlier this year. Back in May, 20.84% of voting shareholders chose to not support his re-election as a director of the company. Under the 2018 UK Corporate Governance Code,…
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14 November
Hammerson considers sale of Bicester Village-owner stake
Britain’s biggest shopping centre owner, Hammerson, is in talks to sell its stake in Bicester Village-owner for about £1bn, Sky News has reported. The shopping centre owner is believed to be in discussion with multiple investors about buying the 40% stake in Value Retail and a deal could be striked…
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14 November
Revolution Beauty raises FY23 guidance as profits rise
Revolution Beauty has raised its profit guidance for the financial year as it has revealed a pre-tax profit of £400k, an increase from a loss of £13.7m, in the six months ended 31 August. The company’s operating losses also narrowed from £12.5m to £500k over the period, which Revolution attributed…
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13 November
Today’s news in brief-13/11/23
Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group plc and Retail Economics conducted the research, revealing that shoppers contribute to 60% of the theft (£4.7bn), while employees, particularly in distribution centres, contribute 40% (£3.2bn). Employee theft in DCs…
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13 November
Tommy Hilfiger and Calvin Klein open at Caledonia Park
Tommy Hilfiger and Calvin Klein have opened at Caledonia Park, Scotland’s premium designer outlet village. Tommy Hilfiger has opened a 5,000 sq ft store at the centre, joining anchor brands such as Nike, Adidas, and POLO by Ralph Lauren. Stocking menswear and womenswear defined by the brand’s “classic American cool”…
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13 November
Richemont appoints Karlheinz Baumann to senior executive committee
Richemont has appointed Karlheinz Baumann to the group’s Senior Executive Committee (SEC) in his capacity as group director of Operations, in charge of Manufacturing, Research and Innovation, Customer Service, Logistics and Supply Chain, Indirect Procurement, Responsible Sourcing and Security. Baumann will continue to report to Jérôme Lambert, CEO of Richemont…
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13 November
Ikea owner snaps up Brighton shopping centre
Ikea’s owner Ingka Group has reportedly acquired Brighton’s Churchill Square Shopping Centre, According to The Guardian. The £145m deal will see the furniture retailer converting Brighton’s Churchill Square Centre into a new Ikea store, which is expected to open within two years. The latest acquisition comes three years after the…
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13 November
Two-thirds of retailers warn peak trading will be hit ahead of Christmas
Two-thirds of retailers say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas, according to a new Inventory Planner survey. More than four out of ten sellers (41%) are planning to buy less stock for festive shoppers because of the impact of 14…
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13 November
Dune delays sales process
The sale of Dune has been delayed as the company has not received a bid which matched its valuation, according to reports from Drapers. The retailer has received offers from Footasylum owner Aurelius and Next for founder Daniel Rubin’s controlling stake in the business. Dune appointed KPMG to run its…
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