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 -2 October
Dame Sharon White to step down as John Lewis Chair next year
John Lewis Partnership chair Dame Sharon White is reportedly set to step down from her role next year, according to BBC News. The outlet has reported that White has begun talks with the firm’s board in order to start the search for her successor. She has been in the role…
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2 October
Retail bosses demand action over rising retail crime
Retail bosses from some 88 companies have signed a letter to the Home Secretary, Suella Braverman, demanding action over rising rates of retail crime. The retail industry has demanded that the government create a standalone offence of assaulting or abusing retail workers, with tougher sentences for offenders to act as…
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2 October
Lidl sees interest bill treble to £108m
Lidl’s UK arm has been hit by a rise in its borrowing costs, with its interest bill on debts almost trebling to £108m, according to This Is Money. The paper said this marked the “first serious setback” for Lidl in its UK operations, which has seen its share of the…
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2 October
Iceland boss quits plan to become Tory MP
Iceland boss, Richard Walker, has reportedly quit plans to become a Conservative MP as he accused the party of having “drifted badly out of touch” with the needs of the British people. Walker, whose father founded the supermarket chain Iceland, announced his plans to stand as a Tory MP last…
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2 October
AHK Designs acquires Victoria Plum
AHK Designs, owner of e-commerce retailers such as Beds.co.uk and Cox and Cox, has acquired bathroom seller Victoria Plum, according to Sky News. The news comes after people close to the business told Sky that inflation in global freight costs and pressure on consumer spending had impacted profitability and cash…
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Sep- 2023 -29 September
Sook takes over Liverpool ONE unit for pop-up retail space
Pop-up retail space operator, Sook, has signed to take over a unit on Liverpool ONE’s Upper South John Street, marking the third partnership with Grosvenor. The move will be the brand’s first venture into the North-West, opening at the start of November and set to operate for three months. Aiming…
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29 September
Zalando appoints new VP of creative direction
Zalando has appointed Morten Grubak in the newly created role of vice president of creative direction Reporting to Anne Pascual, senior vice president of product design at Zalando, Grubak will start the role on 1 October. He will be responsible for setting the overarching creative direction for the Zalando brand,…
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29 September
John Lewis considers offloading 12 Waitrose stores for £150m
John Lewis Partnership Plc is reportedly planning to sell 12 Waitrose supermarkets for as much as £150m in a bid to raise more capital, according to Bloomberg. Some people familiar with the matter told Bloomberg that CBRE has been appointed as agent for the partnership and the marketing of the…
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29 September
Pepco reshuffles management team amid difficult trading conditions
Pepco has experienced an increasingly challenging trading environment over recent weeks within its core markets of Central and Eastern Europe, with weaker consumer demand for our key clothing and general merchandise categories. As a result, the company has decided to reshuffle its management team, with managing director Anand Patel stepping…
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29 September
UK households will have £3bn less to spend this Christmas, report finds
UK households are expected to have £3bn less to spend this Christmas compared with last year, according to new research from ecommerce delivery groups ShipEngine and ShipStation, in partnership with Retail Economics. It comes as high levels of inflation have “continued to erode spending power for many households as the…
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