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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Aug- 2023 -23 August
Tesco introduces clear caps on milk bottles to improve recyclability
Tesco has today (23 August) announced the introduction of new clear caps for bottles of milk, in a bid to make it easier for customers to recycle. By removing coloured plastic caps and using a clear alternative on around 425 million of bottles every year, Tesco is enabling the cap…
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23 August
Urban Outfitters owner sees income rise 75% in Q2
Urban Outfitters Inc, the owner of Urban Outfitters, has reported a net income of $104.1m (£82m) for the three months ended in July 2023, a 75% increase compared to the $59.4m (£46.8m) reported in Q2 2022. Total company net sales for the last three months increased 7.5% to a record…
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23 August
House of Fraser to close two more stores
House of Fraser is set to close two more of its stores as parent company Frasers Group continues to prioritise Sports Direct and Flannels. The House of Fraser store in Solihull will close on 28 August and its store in Guildford will shut on 30 September. Frasers Group shut eight…
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23 August
Getir to cut roles amid global restructuring
Getir, the ultrafast grocery delivery company, has announced a global restructuring to significantly increase “operational efficiency”, with plans to reduce its team and lay off almost 2,500 employees across its markets. The Getir network currently consists of roughly 23,000 people across five countries including couriers, pickers, and office employees. Following…
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23 August
VF Corp appoints chief people officer
VF Corporation has announced the appointment of Brent Hyder to chief people officer, effective 5 September. In his new role, Hyder will report to president and CEO Bracken Darrell and serve as a member of the company’s executive leadership team. As chief people officer, he will be responsible for all…
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22 August
Lego to open new store at Trafford Centre
The Lego group has announced the opening of a new store at Trafford Centre, Greater Manchester. Fans of all ages will have endless opportunities to fully immerse themselves in the world of Lego building, with a series of new experiences such as Lego Pick a Brick Wall and Build a…
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22 August
Westfield sees global brands increase store footprint at UK centres
Unibail-Rodamco-Westfield (URW) has revealed continued growth in store upsizes at its UK centres, as brands increased their focus on creating “innovative store experiences”. Building on a trend established in 2022 at Westfield London and Westfield Stratford City, URW said both centres have seen a surge in demand from retailers seeking…
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22 August
Kontoor brands appoints new exec VP and CFO
Kontoor Brands, a global lifestyle apparel company and owner of Wrangler and Lee, has appointed Joe Alkire as its new executive vice president and chief financial officer. The news comes after Rustin Welton, executive vice president and chief financial officer, decided to retire from Kontoor after four years of service…
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22 August
Superdrug calls for apprenticeship levy reform amid new campaign
The boss of Superdrug has called for a reform of the government’s apprenticeship levy, claiming it would help promote social mobility and support the economy, according to The Times. CEO Peter Macnab called for an overhaul of the apprenticeship levy funding system so that “valuable funds are no longer wasted”.…
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22 August
Bottle recycling scheme to cost at least £1.8bn a year, warns BRC
The British Retail Consortium (BRC) has warned that government plans to introduce a bottle recycling scheme could cost the industry £1.8bn a year from 2025. The BRC also stated that this figure does not include the hundreds of millions that would be needed to set up a body to run…
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