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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Sep- 2023 -13 September
Aldi appoints new marketing director
Supermarket Aldi has recently announced the appointment of Kyrsten Halley as new marketing director. She joins fellow Aldi’s marketing director Jemma Townsend in jointly leading Aldi’s marketing team and strategy. Halley was previously marketing director at The Flavourists, part of the Samworth Brothers Group, the British food manufacturer, where she…
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13 September
Majestic to recruit 200 employees ahead of Christmas
Wine retailer Majestic has announced plans to hire 200 employees to work in its nationwide portfolio of stores in what is the company’s biggest ever pre-Christmas recruitment drive. Majestic will be expanding its workforce with a combination of permanent positions and temporary festive roles, as it gears up for the…
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13 September
BP appoints UK retail operations director
BP has announced the appointment of Joanne Hall as its new UK retail operations director, reporting to Sonya Adams, the VP of UK mobility and convenience retail. In her new role, Hall will focus on delivering best-in-class operations across BP’s 300 company-owned retail sites, while enhancing the convenience experience and…
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13 September
UK GDP falls by ‘worse than expected’ 0.5% in July
The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial strikes impacted production, according to the latest statistics from the Office for National Statistics (ONS). The ONS revealed that all of the main sectors fell in July 2023, with output in the services…
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13 September
Fanatics appoints new commerce CEO
Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as the next chief executive officer of Fanatics Commerce, effective immediately. Low Ah Kee replaces former Fanatics Commerce CEO Doug Mack who announced his retirement last month. Fanatics Commerce is a designer, manufacturer, and seller of licensed…
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13 September
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The Financial Times. The footwear company reportedly filed a confidential prospectus to regulators in July, but this public filing would allow the company to join the New York Stock Exchange from…
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13 September
Inditex’s H1 profit before tax jumps 39%
Zara and Stradivarius owner Inditex has revealed that its profit before tax rose 39% to €3.3bn (£2.84bn) for the six months ended 31 July 2023. The company’s sales rose 13.5% to €16.9bn (£14.6bn) and as a result the company posted a gross profit of €9.8bn (£8.4bn) which was an increase…
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13 September
Westminster Council greenlights £90m Oxford Street revamp
Westminster City Council has formally approved the £90m Oxford Street overhaul, granting £7.7m for the first phase of design work, with construction expected to start in the Autumn of 2024. The news comes after WCC and the New West End Company (NWEC) formally signed a Memorandum of Understanding agreement to…
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13 September
John Lewis to add 20 new brands to Autumn collection
John Lewis is aiming to become the high street and online destination for contemporary fashion by adding 20 new brands to its Autumn collection. The move is part of the company’s strategy to increase the frequency of fashion spend and build its market share with a younger demographic. Each new…
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12 September
Poundland acquires up to 71 Wilko stores
Poundland owner Pepco Group has announced today (12 September 2023) that it has agreed with PwC to take control of up to 71 Wilko store leases. Lease assignments are expected to be completed in early Autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the…
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