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 -10 October
Shein appoints investor as group vice chair
Fast fashion brand Shein has announced the appointment of investor Marcelo Claure as its new group vice chairman. Claure, who until recently served as CEO of SoftBank Group International, joined Shein in January 2023 as chairman of Shein Latin America. In that time, he has overseen the launch of Shein…
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10 October
Grocery price inflation falls for seventh consecutive month
Grocery price inflation has fallen for the seventh month in a row to 11% for the four weeks to 1 October 2023, the lowest rate since July 2022, according to new data from Kantar. Over the period, take-home grocery sales rose by 9.1% compared with last year, as people enjoyed…
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10 October
River Island profits plummet 90% despite rise in turnover
River Island operating profits dropped by 90% year-on-year to £7.4m, despite turnover rising 11.6% year-on-year to £825.8m for the 53 weeks ended 31 December 2022. The retailer attributed a combination of costs to clear excess stock and cost of goods inflation on the gross profit fall of 69% year-on-year to…
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9 October
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
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9 October
The Lexicon announces new retail lettings
The Lexicon has secured new lettings to Giggling Squid, Søstrene Grene, Robert Dyas, Five Guys, ChopStix, German Doner Kebab, Tortilla, and Mr Simms who have taken a combined 23,500 sq ft of retail and F&B space at the Bracknell shopping centre. The leasing activity follows the shopping centre’s continued strong…
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9 October
Asda rebrands first 11 Co-op sites into Express stores
Asda has launched its programme to convert 116 convenience stores and attached petrol station forecourts acquired from the Co-op Group last year to its Asda Express convenience brand. The 11 sites are the first tranche to be rebranded Asda Express, with the remaining 105 sites due to be converted by…
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9 October
Aldi to recruit 3,000 roles ahead of Christmas
Aldi has revealed it is recruiting for 3,000 store roles ahead of the festive period. The supermarket is looking to hire for both temporary and permanent store positions to help replenish stock and provide further assistance to customers during the busy Christmas season. Roles available will include store assistants, managerial…
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9 October
Waitrose in talks with Amazon over grocery deal
Waitrose is reportedly in talks with Amazon to consider selling groceries on the platform in a bid to regain market share lost to other discount retailers, The Telegraph has revealed. The pair are reportedly considering a new third-party deal, three years after Waitrose severed ties with Ocado. Recently, Amazon struck…
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9 October
Very Group suppliers see credit insurance pulled
Suppliers for the Very Group have seen its credit insurance pulled by Allianz Trade amid concerns around the retailer’s falling profit, according to reports from Drapers. It has been reported that the decision to withdraw cover was due to macro-economic pressures as consumers reduce their spending. Very Group saw its…
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9 October
Natura sets final bid deadline for The Body Shop
Body Shop owner Natura and Co has announced that interested parties have to submit their final bids by 23 October 2023, according to Retail Week. It revealed that Morgan Stanley will be handling Body Shop’s sale on behalf of Natura and Co and has set a final deadline to get…
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