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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Oct- 2023 -24 October
Decathlon launches nationwide buyback service
Decathlon has announced the launch of a buyback service in 50 of its stores across the country. The scheme will allow customers to trade in old sports equipment in exchange for in-store credit. The first leg of the initiative will focus on bicycles, with the service later expanding to all…
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24 October
Lidl becomes third largest supermarket in London
Lidl GB has overtaken Asda to become the third largest supermarket in London with a market share high of 9.1%, double the market share of any other discount supermarket in the capital. It reported the fastest growth out of all supermarkets in the city, while Kantar named it the fastest-growing…
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24 October
Sephora to open second UK store next month
Following the success of its first opening in the UK, Sephora has now announced that its second UK site will open in Westfield Stratford on 15 November. The store will offer 125 brands across makeup, skincare, haircare and fragrance categories. As well as its own brand collection, the shop will…
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24 October
Angling Direct revenues up 11.4% in H1
Fishing and tackle equipment retailer, Angling Direct, revealed that group revenues increased by 11.4% to £43.3m in the six months ended 31 July. This comes as the group’s retail store estate experienced another strong period of growth, with total store sales increasing by 11.3% against H1 FY23. Meanwhile, UK online…
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24 October
Poundland to recruit 1,200 colleagues this festive season
Poundland has confirmed its plans to recruit 1,200 colleagues to work in stores across the UK and Ireland this festive season. The retailer will take on the workers in temporary roles in the run-up to Christmas. While the majority of these shop floor roles will end on Christmas Eve, some…
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23 October
Today’s news in brief-23/10/23
John Lewis is facing criticism from city planners over its affordable housing plans. Initially, the company aimed to make 20% of the housing in its Bromley development affordable. However, recent revelations indicate that only 10% of the flats will be designated as affordable. The Greater London Authority’s Planning Unit deems…
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23 October
Claire’s to relaunch new-look loyalty programme
Claire’s has announced the relaunch of its more than 18 million member loyalty programme under a new name and brand identity – C.CLUB, following the success of the brand’s existing global programme. The reimagined club is created for and by customers, providing increased benefits, faster ways to earn rewards and…
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23 October
Red Run opens in Liverpool One
Grosvenor has announced that women’s active streetwear brand, Red Run, has opened the doors to its new flagship store at Liverpool One. The opening is an important milestone in the growth of the popular fashion-forward brand and represents Liverpool One’s dedication to supporting the development of local, independent businesses. The…
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23 October
Asda appoints new VP of marketing
Asda has appointed Adam Zavalis as its new vice president of marketing. Zavalis joins the supermarket in November and will report to Asda’s chief customer officer David Hills, who joined Asda in September as part of its executive leadership team. As VP marketing, Zavali will lead Asda’s marketing team and…
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23 October
European authorities greenlight Farfetch’s YNAP acquisition
Online retailer Farfetch has officially been given the green light by European authorities to acquire a large stake in Yook Net-A-Porter (YNAP). The European Commission unconditionally cleared its acquisition of a 47.5% stake in YNAP from Richemont, the owner of Cartier. It was the last regulatory authority required to provide…
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