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 -3 October
Wrangler launches collaboration with Barbie
Global denim brand Wrangler has recently announced its collaboration with Mattel, Barbie, the fashion doll brand inspiring a cultural phenomenon. The Wrangler x Barbie collection celebrates two brands with similar heritage, united in the desire to encourage women and girls to be strong, confident, free and fearlessly chase their dreams.…
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3 October
Sustainable retail could boost local economies by £100m, Landsec finds
Brands in a sustainable retail destination could see revenues increase by up to 13% over the next 10 years, leading to a potential boost of up to £100m for local economies, Landsec research has found. According to the research, this would come from overall footfall for such destinations could see…
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3 October
John Lewis’ next chairman could be part-time
John Lewis’ next chairman could reportedly be offered a part-time role following suggestions from Dame Sharon White in order to help attract high-level talent as her successor, according to The Telegraph. It comes as White is expected to step down from her role in early 2025 after she told the…
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3 October
Next CFO to depart after 28 years
Next has revealed that its CFO, Amanda James, has decided to retire from full-time work after 28 years. The retailer also announced that the CFO of Reiss, Jonathan Blanchard will be her successor. James will be stepping down from the board on 26 July 2024 and is planning to leave…
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3 October
Footfall forecast to drop in run-up to Christmas
Christmas for retailers and the hospitality industry will be challenging due to rising bills that will have started to bite since September, the retail intelligence experts at MRI Software, formerly Springboard, are forecasting. It found that this year, footfall across all UK retail destinations will decline on a month-to-month basis,…
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3 October
Shop price inflation reaches lowest point in a year
Shop price annual inflation dropped to 6.2% in September, down from 6.9% in August, reaching its lowest point since September 2022, according to data from the British Retail Consortium (BRC). The BRC has put this decrease down to competition between retailers causing prices to drop. Non-food inflation eased to 4.4%…
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3 October
Dr Martens to open 100th EMEA store on Oxford Street
Dr. Martens plc is set to open its 100th EMEA (Europe, Middle East and Africa region) store on London’s Oxford Street. The new location, at 184 – 190 Oxford St, will open on 10 November 2023. Dr Martens stated that the new store, which is near its flagship store in…
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3 October
Boohoo revenues tumble 17% amid weaker than expected demand
Boohoo has seen revenues plunge by 17% to £729.1m in the first half of the year, after a slower than expected recovery in its sales by volume. Over the period, UK revenues were down by 19% while International sales fell by 15%, as the number of orders fell by 18%…
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2 October
Mango Kids turnover exceeds €200m in 2022
Mango’s retail arm for children, Mango Kids, has revealed it grew by 18% in 2022 compared with the previous year, with turnover exceeding €200m (£173m) in the year, including Mango Teen. This comes as, by channels, sales in physical stores in 2022 accounted for 53% of total turnover, while the…
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2 October
Tesco rolls out protective screens for retail workers
Tesco is introducing new protective screens at hundreds of Express stores and petrol station kiosks in a further bid to protect its colleagues from assault. The supermarket, which has already rolled out body cameras across its stores as part of a range of measures to protect colleagues, is making the…
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