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 -8 November
The O2 sales grow 47% in October
The O2’s Entertainment District, which is owned and operated by Waterfront Limited Partnership, has reported a sales uplift of 47% in October, with year-to-date sales up 39% compared to 2022. Total footfall across the whole scheme has seen an uplift of 22% compared with October 2022. The trading success has…
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8 November
BRC welcomes government pledge to bring down inflation
The British Retail Consortium (BRC) has welcomed the government’s pledge to bring down inflation as outlined in the King’s Speech yesterday (7 November). However, the body has criticised the decision to omit retail crime from its pledge for future crime legislation. As part of his speech the King announced that…
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8 November
Lidl becomes first supermarket to launch body cameras for all staff
Lidl GB has become the first supermarket to roll out body-worn cameras across all its stores as standard, as it looks to ensure the “safety and security of customers and colleagues” amid a rise in retail crime. From the end of the month, stores across its network will start to…
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8 November
M&S profits soar 75% to £360m in H1
M&S has reported its profit before tax soared by 75.3% to £360.2m in the first half of the year, up from £205.5m the prior year, as its Food and Clothing and Home businesses both outperformed the market. Overall sales increased by 10.8% to £6.1bn in the period, compared to £5.5bn…
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8 November
Poundland expands clothing offering across UK&I
Poundland owner Pepco Group has completed the transition to new clothing ranges at the discount retailer, bringing its family fashion offer to 560 stores across the UK and Ireland, including all 56 former Wilko locations that have now reopened. The transition, which took place over the last eight weeks, meant…
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8 November
Bensons for Beds sees 7% sales rise despite ‘tough market conditions’
Bensons for Beds has reported a +7% LFL sales growth for the year ending 30 September 2023, despite tough market conditions. The results follow the retailer’s consistent sales progress in Q1 (7%), Q2 (9%), Q3 (8%) and Q4 (7%). The news comes on the back of a “successful” transformation strategy,…
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8 November
JD Sports faces questioning over ex-CEO’s non-compete deal
JD Sports is reportedly facing questioning over a multimillion-pound non-compete deal signed by former CEO Peter Cowgill, The Telegraph has reported. It comes amid speculation over Cowgill’s exit package with the group after he became a significant shareholder in a sports equipment maker. Under a non-compete deal signed in September…
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7 November
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 November
Majestic opens small-format store in Crouch End
Majestic Wines has opened its newest 3,150 sq ft small-format store in Crouch End, which will carry the retailer’s full range of more than 1,200 products. The store is located on Crouch End Hill alongside other businesses M&S Simply Food, Waitrose and Gail’s Bakery. The retailer’s staff will host free…
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7 November
Lounge to open pop-up at Liverpool One
Underwear brand Lounge is set to launch a Christmas pop-up store at Liverpool One, marking its city debut. Set to open this December on South John Street in a 4,000 sq ft space, the move from the rapidly expanding brand bolsters Liverpool One’s position as the destination of choice for…
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