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 -9 October
House of Fraser could disappear from high street, CEO warns
House of Fraser stores could disappear from the high street altogether, as Frasers plans to pivot away from the traditional department store model, CEO Michael Murray has told the Telegraph. Murray said the House of Fraser brand could disappear altogether, adding that the “future vision is that House of Fraser…
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9 October
John Lewis to persist with housing venture despite ‘extreme challenges’
John Lewis strategy director Nina Bhatia has maintained that the retailer’s commitment to its housing venture was “unwavering” in The Telegraph, regardless of who will succeed Dame Sharon White as chairman. This comes after last December, the retailer revealed plans to build 1,000 rental properties on its land as part…
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6 October
Today’s news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (£4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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6 October
UK footfall decreases 2.9% in September, BRC says
Total UK footfall decreased by 2.9% in September (YoY), down from -1.6% in August, according to new data from the BRC. High street footfall decreased by 1.7% in September, down from -0.9% in August, meanwhile retail parks footfall decreased by 2.4%, remaining the same in August. Shopping centre footfall decreased…
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6 October
The Entertainer to recruit 800 temporary staff for festive season
Toy retailer The Entertainer has announced a festive recruitment drive that will fill up to 800 new temporary seasonal roles across its network of UK stores. Contracts are currently available and vary from eight to 20 hours per week. The Entertainer’s seasonal roles are ideal for those seeking flexible shifts…
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6 October
Frasers ups stake in Boohoo to 13.4%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 13.4% as it continues investing in a number of UK fashion retailers. Frasers has upped its stake of 10% which it held at the start of the week. This means it now holds 170,426,000 voting rights in the company.…
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6 October
The Body Shop bidders hesitate over £500m valuation
Private equity firms interested in acquiring The Body Shop are reportedly being put off by owner Natura and Co’s high valuation. According to Retail Week, the Brazilian company is asking for between £400-£500m to part with the health and beauty retailer. Earlier this week it was reported that Lloyds Pharmacy…
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6 October
Pandora raises revenue guidance amid strong store sales
Pandora has upped its revenue guidance for the year to between DKK 34-36bn (£4.2-4.5bn) after seeing a spike in store sales. As part of its Phoenix strategy, Pandora plans to scale up its investments to accelerate revenue growth, brand desirability and store network. This will include building its position as…
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6 October
Sainsbury’s is priciest supermarket for a big shop, says Which?
Sainsbury’s is the priciest supermarket for a big shop if you don’t use a loyalty card, according to claims by Which? in its most recent analysis. The grocer overtook Waitrose for the first time in the monthly analysis, which has been running for years, becoming the most expensive supermarket to…
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6 October
CMA to probe Amazon and Microsoft cloud market dominance
Ofcom has referred the public cloud infrastructure services market to the Competition and Markets Authority (CMA) for further investigation following its own probe into UK cloud services. It comes as an Ofcom study identified features that supposedly make it more difficult for UK businesses to switch and use multiple cloud…
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