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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Jul- 2023 -12 July
Travis Perkins names Duncan Cooper as new CFO
Travis Perkins plc has announced they will be appointing Duncan Cooper as its new CFO. Cooper will be succeeding Alan Williams who advised the company’s board that he will be retiring as chief financial officer and stepping down from the board in 2024, after seven years in the role. The…
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12 July
N Brown launches new Jacamo website
N Brown has launched a new trading website for Jacamo, the group’s leading inclusive menswear brand. The launch follows the successful implementation of a new trading website for Simply Be in September, and is another “important step” in the group’s digital transformation journey. The retail group said the platform will…
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12 July
Shoezone ups profit guidance again after strong June sales
Shoezone has announced that it expects its profit for the year ending 2 October 2023 to be no less than £13.5m after strong June sales. The company stated that sales exceeded expectations due to “continued strong demand with volumes up double digits on last year”, despite no price increases on…
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12 July
Frasers ups stakes in Currys to 11.1%
Mike Ashley’s Frasers Group has announced that it has upped its stake in Curry’s to 11.1%. The news comes after Frasers increased its stake in the business to 10.4% last week and Curry’s chief executive revealed that the group was in talks about a possible partnership with Frasers. In an…
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12 July
Cost of living crisis to wipe £65bn from household finances
Inflation and the cost of living crisis are set to wipe £65bn from household finances across the UK, with real earnings not expected to return to growth until May 2024, according to a new report from Grant Thornton and Retail Economics. The report, which asked 2,000 adult consumers in the…
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12 July
Travis Perkins CFO to step down
Travis Perkins has announced that Alan Williams will be retiring as chief financial officer in 2024 after seven years with the company. Duncan Cooper, currently group finance director at Crest Nicholson, is set to succeed Williams. Cooper has held his position at Crest Nicholson since June 2019. Prior to that…
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12 July
Zara owner accelerates sustainability goals
Inditex, the fashion group that owns Zara, Bershka and Stradivarius, has announced at its annual general meeting that it plans to cut emissions along its value chain by 50% in 2030 to reach net zero emissions by 2040. This comes as CEO Óscar García Maceiras announced the group’s new sustainability…
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11 July
Waitrose announces partnership with UberEats
Waitrose has announced plans to grow its position in on-demand grocery shopping and the convenience sector with a new multi-year partnership with UberEats. The partnership has now launched on the UberEats platform in five initial London stores, including John Barnes in Finchley Road, West Hampstead, Clerkenwell, St Katharine Docks and…
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11 July
The Co-op to unveil store refurb in Kent
The Co-operative will be unveiling the refurbishment of its store in Longfield, Kent, this Thursday (13 July) after a four-week programme of works and improvements. Along with the refurbishment, the store has also benefited from an enhanced range of fresh products, meal ideas, everyday essentials, hot food, food-to-go, Fairtrade products,…
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11 July
Amazon UK has lost 1 million app users, study finds
Amazon UK has lost over 1 million app users since the start of the year amid an emergence of international ecommerce rivals, according to research from mobile analytics and business intelligence firm GWS. Using data collected from GWS’ opt-in, app-engagement panel of 5,200 participants (18+) from around the UK, GWS…
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