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 -2 October
AHK Designs acquires Victoria Plum
AHK Designs, owner of e-commerce retailers such as Beds.co.uk and Cox and Cox, has acquired bathroom seller Victoria Plum, according to Sky News. The news comes after people close to the business told Sky that inflation in global freight costs and pressure on consumer spending had impacted profitability and cash…
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Sep- 2023 -29 September
Sook takes over Liverpool ONE unit for pop-up retail space
Pop-up retail space operator, Sook, has signed to take over a unit on Liverpool ONE’s Upper South John Street, marking the third partnership with Grosvenor. The move will be the brand’s first venture into the North-West, opening at the start of November and set to operate for three months. Aiming…
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29 September
Zalando appoints new VP of creative direction
Zalando has appointed Morten Grubak in the newly created role of vice president of creative direction Reporting to Anne Pascual, senior vice president of product design at Zalando, Grubak will start the role on 1 October. He will be responsible for setting the overarching creative direction for the Zalando brand,…
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29 September
John Lewis considers offloading 12 Waitrose stores for £150m
John Lewis Partnership Plc is reportedly planning to sell 12 Waitrose supermarkets for as much as £150m in a bid to raise more capital, according to Bloomberg. Some people familiar with the matter told Bloomberg that CBRE has been appointed as agent for the partnership and the marketing of the…
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29 September
Pepco reshuffles management team amid difficult trading conditions
Pepco has experienced an increasingly challenging trading environment over recent weeks within its core markets of Central and Eastern Europe, with weaker consumer demand for our key clothing and general merchandise categories. As a result, the company has decided to reshuffle its management team, with managing director Anand Patel stepping…
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29 September
UK households will have £3bn less to spend this Christmas, report finds
UK households are expected to have £3bn less to spend this Christmas compared with last year, according to new research from ecommerce delivery groups ShipEngine and ShipStation, in partnership with Retail Economics. It comes as high levels of inflation have “continued to erode spending power for many households as the…
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29 September
Nike revenues up 2% in Q1 as higher prices offset waning demand
Nike revenues increased 2% to $12.9bn (£10.5bn) in the first quarter ended 31 August due to a 2% increase in digital sales, as higher prices for sneakers and clothing helped offset a hit from waning demand and president cost pressures. As a result, the group expects a 1% increase in…
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28 September
Today’s news in brief-28/09/23
Rami Baitiéh will take over as Morrisons’ new CEO from November, succeeding David Potts, who has held the position for nine years. Baitiéh, previously a chief executive at Carrefour France, will work closely with Potts during the transition. Potts expresses confidence in Morrisons’ future growth, highlighting the company’s unique position…
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28 September
Paul and Shark flagship among Regent Street openings
The Crown Estate has leased its 2,500 sq ft retail space at 233 Regent Street to Paul and Shark. This comes after Spanish womenswear brand Bimba Y Lola opened a new 4,000 sq ft store at 211-213 Regent Street earlier this month on 9 September, carrying a curated edit of…
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28 September
Sainsbury’s to use paper packaging on toilet and kitchen rolls
Sainsbury’s is the first UK retailer to announce it is switching from plastic to paper packaging across its entire own-brand toilet paper and kitchen towel ranges. The move will save 485 tonnes of plastic, which is equivalent to over 55 million pieces of plastic a year. The change is the…
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