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 -16 October
Today’s news in brief-16/10/23
Next has finalised the acquisition of FatFace for £115.2m, with a portion of the payment made in cash and the remainder in Next’s shares. Following the transaction, Next will hold 97% of the equity, while FatFace’s management will retain 3%. FatFace will continue to operate autonomously with its own board…
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16 October
Covent Garden welcomes 16 new retail brands in six months
Shaftesbury Capital has signed 16 new retail brands across its Covent Garden estate in the last six months, cementing the area as one of central London’s leading retail destinations. Recently HOKA, the running shoes and apparel brand, and Balibaris, the international menswear label, opened their first ever retail location in…
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16 October
Aldi to open 12 new stores before Christmas
Aldi has revealed that it plans to open 12 additional stores across the country before the end of the year. The supermarket, which opened its 1,000th UK store in Woking last month, will be opening one new store a week between now and the end of the year. New stores…
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16 October
Former JD boss Peter Cowgill considers retail return
Former JD boss Peter Cowgill is reportedly considering a return to retail after being approached by a private equity firm to head up a menswear brand. According to The Telegraph, Cowgill has been approached to take over luxury menswear brand Mainline, which is currently owned by his former employers JD…
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16 October
Tesco petition to protect retail workers hits 10,000 signatures
A new petition calling on the Government to make violence or abuse against retail workers a standalone criminal offence has surpassed 10,000 signatures. The petition was lodged with Parliament this week by Tesco worker, Jenny Whyte, who works in Tesco convenience stores in the North of England. If the number…
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16 October
M&S to recruit 10,000 Christmas roles
Marks and Spencer has announced it will be recruiting 10,000 new customer assistants to support in its stores over the festive period. The number of vacancies is a more than 40% increase on last year and reflects the additional investment M&S is making in employees’ hours to support customers on…
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16 October
Ted Baker owner steps in to ease financing trouble
Ted Baker owner Authentic Brands has stepped in after the company it appointed to run its UK operations has struggled to raise financing, according to reports from The Times. Authentic Brands paid £211m last year for the brand and intellectual property of Ted Baker and appointed retail management company AARC…
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16 October
Frasers ups stake in Boohoo to 15.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 15.1% as it continues investing in a number of UK fashion retailers. The news comes after Frasers increased its holding from 10.4% to 13.4% last week. It now holds 191,808,425 voting rights in the company. The group had previously…
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16 October
Next acquires FatFace for £115.2m
Next has signed terms to acquire FatFace for £115.2m, which will be partly settled in cash and by the issue of the retail group’s shares and management equity rolling over into the new structure. According to Next, the transaction will not materially impact the group’s underlying profit before tax or…
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13 October
Today’s news in brief-13/10/23
The John Lewis Partnership has appointed Martin Gafsen as its new director of property. Gafsen, previously the interim corporate finance director at Royal Mail, brings extensive experience in property management. He led the strategy for Royal Mail’s nationwide freehold and leasehold estate for 16 years. Additionally, Gafsen was responsible for…
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