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 -9 November
Today’s news in brief-9/11/23
Bridgestone has invested $3m for a 5% stake in Halfords’ Avayler business. Avayler, a software-as-a-service (SaaS) provider, helps automotive companies digitise their services, from online booking to invoicing. Under a 15-year Commercial Agreement, Avayler will provide Bridgestone with access to its software products and related services for use in Bridgestone’s…
Read More » -
9 November
SPAR appoints three new directors
SPAR UK Ltd has announced three new director appointments at the Central Office in Harrow. Trudy Hills will be trading director – grocery, Simon Mitchell has been promoted to trading director – BWS, fresh and frozen and further bolstering the Central Office team, Jamie Seymour has advanced to SPAR brand…
Read More » -
9 November
Just Hype appoints new CEO and COO
Lifestyle and accessories brand Just Hype has announced the appointments of Mike Thompson as its new chief executive officer and Shireen Saloojee as the new chief operating officer. The appointment to CEO comes in the form of a promotion, having previously held the COO title at the company. His time…
Read More » -
9 November
Under Armour lowers full-year revenue forecast as Q2 sales flatten
Under Armour has lowered its full-year revenue forecast as its revenues stagnated in Q2. In the three months to 30 September its revenues dropped 1% to $1.6bn (£1.3bn). Wholesale revenues also fell 1% to $940m (£765m). As such, Under Armour stated that it now expects full-year revenues to be down…
Read More » -
9 November
The Works lowers guidance due to sales uncertainty
The Works has announced that it has lowered its full-year guidance to an adjusted EBITDA of approximately £6.0m due to uncertainty in the second half of the year. The company stated that it anticipates trading conditions during H2 FY24 tol remain challenging and consumer spend to be subdued. However, the…
Read More » -
9 November
B&M raises guidance as H1 sales rise 10%
B&M has upped its full-year outlook following a period of strong trading in H1, as sales rose by 10.4% to £2.5bn over the period. In the half-year ended 23 September 2023, profit-before-tax hit £222m, up from £201m the prior year, while adjusted EBITDA rose by 16.1% to £269m. In light…
Read More » -
9 November
Bridgestone takes 5% stake in Halfords business
Halfords has announced that global mobility company Bridgestone has agreed a 5% stake in its Avayler business for $3m (£2.4m). Avayler was launched in July 2021, having been developed in-house by Halfords to manage services across garages, mobile vans and retail stores. It is a ‘software as a service’ (SaaS)…
Read More » -
9 November
WH Smith revenues up 28% to £1.7bn in FY23
WH Smith has reported that total group revenues increased 28% to £1.7bn for the year ended 31 August, up from a total of £1.4bn in 2022, despite high street trading profits dipping from £33m in 2022 to £32m. The retailer did particularly well within the travel category, which saw trading…
Read More » -
8 November
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
Read More » -
8 November
Superdrug to open new store in Bristol
Superdrug will open its doors to a brand-new store on Thursday 9 November at Bristol Gallagher Retail Park, creating 35 new jobs in the new 7,007 sq ft outlet. The store will also feature its very own Beauty Studio area where customers can access “professional treatments at affordable prices”. Within…
Read More »
