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 -20 October
John Lewis appoints new head of brand and store experience
The John Lewis Partnership has announced the appointment of Paul Jones as its new head of brand and store experience. Jones joins the Partnership after 12 years with Tesco where most recently he was head of brand, store design. Starting on 8 January 2024, his role will be “integral” to…
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19 October
Today’s news in brief-19/10/23
Adidas has revised its full-year projections upward following robust Q3 2023 results. The sportswear giant’s performance was positively impacted by the sale of its remaining Yeezy inventory, leading to better-than-expected underlying business development. Now, Adidas anticipates an operating loss of €100m in 2023, down from the previous forecast of €450m.…
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19 October
Matalan posts resilient Q2 revenues
Matalan has posted revenues of £288.6m for the 13 weeks ended 26 August 2023, an increase of 0.8% compared with the £286.4m it posted in the same period last year. Furthermore the company saw a 16.6% increase in EBITDA to £47.9m up from £36.7m last year, after the adoption of…
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19 October
Dunelm eyes increased market share amid strong Q1
Dunelm has seen sales rise by 9% to £390m in the first quarter of the year, following a strong period of growth that was largely driven by volume, amid plans to further its market share. The group welcomed a strong performance in both its stores and digital channels, with the…
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19 October
Gear4music sees revenues decline 6%
Gear4music has reported a 6% decline in revenues to 62.6m for the six months to 30 September 2023. The group’s European and rest of the world revenues also dropped by 15% to £26.1m. However, its UK sales saw a 3% increase from £35.5m to £36.5m. The group stated that revenues…
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19 October
Adidas ups full-year guidance following Yeezy sale boost
Adidas has raised its full-year guidance following better than expected preliminary results for Q3 2023. The German sportswear retailer noted that the company’s performance was “positively impacted” by the sale of parts of its remaining Yeezy inventory. As a result, the underlying business developed “better than expected”. The company now…
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18 October
THG commerce division Ingenuity strikes deal with L’Oréal
Ingenuity, the complete commerce division of THG plc, has signed a deal with L’Oréal to manage the direct-to-consumer (DTC) activities for two of L’Oréal Groups’ luxury division brands in North America. The agreement concluded between L’Oréal International Distribution and Ingenuity will leverage Ingenuity’s complete commerce solution of technology, operations and…
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18 October
One in six Black Friday purchases will be returned, data shows
Almost one in every six garments bought on Black Friday will be returned, with Gen Z and Millennials leading the way as the highest returning cohorts, according to the latest data from True Fit, the AI platform that decodes size and fit for consumers and retailers. Original research of over…
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18 October
Inflation remains at 6.7% despite fall in food prices
Inflation remained unchanged at 6.7% in September as a fall in food prices was offset by an increase in the price of fuel. According to the latest figures from the Office for National Statistics (ONS), food and non-alcoholic beverage prices fell by 0.1% between August and September 2023, compared with…
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18 October
Kurt Geiger owner eyes £400m sale
The private equity backers of Kurt Geiger are reportedly considering a £400m sale of the brand. According to Sky News, Cinven, which has owned the footwear company since 2015, is now working with advisors at Bank of America on a prospective auction. Sources told Sky that a sale process was…
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