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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Aug- 2023 -23 August
Getir to cut roles amid global restructuring
Getir, the ultrafast grocery delivery company, has announced a global restructuring to significantly increase “operational efficiency”, with plans to reduce its team and lay off almost 2,500 employees across its markets. The Getir network currently consists of roughly 23,000 people across five countries including couriers, pickers, and office employees. Following…
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23 August
VF Corp appoints chief people officer
VF Corporation has announced the appointment of Brent Hyder to chief people officer, effective 5 September. In his new role, Hyder will report to president and CEO Bracken Darrell and serve as a member of the company’s executive leadership team. As chief people officer, he will be responsible for all…
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22 August
Lego to open new store at Trafford Centre
The Lego group has announced the opening of a new store at Trafford Centre, Greater Manchester. Fans of all ages will have endless opportunities to fully immerse themselves in the world of Lego building, with a series of new experiences such as Lego Pick a Brick Wall and Build a…
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22 August
Westfield sees global brands increase store footprint at UK centres
Unibail-Rodamco-Westfield (URW) has revealed continued growth in store upsizes at its UK centres, as brands increased their focus on creating “innovative store experiences”. Building on a trend established in 2022 at Westfield London and Westfield Stratford City, URW said both centres have seen a surge in demand from retailers seeking…
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22 August
Kontoor brands appoints new exec VP and CFO
Kontoor Brands, a global lifestyle apparel company and owner of Wrangler and Lee, has appointed Joe Alkire as its new executive vice president and chief financial officer. The news comes after Rustin Welton, executive vice president and chief financial officer, decided to retire from Kontoor after four years of service…
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22 August
Superdrug calls for apprenticeship levy reform amid new campaign
The boss of Superdrug has called for a reform of the government’s apprenticeship levy, claiming it would help promote social mobility and support the economy, according to The Times. CEO Peter Macnab called for an overhaul of the apprenticeship levy funding system so that “valuable funds are no longer wasted”.…
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22 August
Bottle recycling scheme to cost at least £1.8bn a year, warns BRC
The British Retail Consortium (BRC) has warned that government plans to introduce a bottle recycling scheme could cost the industry £1.8bn a year from 2025. The BRC also stated that this figure does not include the hundreds of millions that would be needed to set up a body to run…
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22 August
Cake Box like-for-like sales rise 6.8%
Cake Box’s franchisee stores reported a like-for-like sales increase of 6.8% for the first 17 weeks of FY24 ended 31 March, showing an increase from 5.4% like-for-like sales growth for the first 11 weeks. The specialist retailer of fresh cream cakes attributed its performance to tight cost control and proactive…
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22 August
Gap creative director steps down
Gap global creative director Len Peltier has stepped down from his role in July, Drapers has revealed. Peltier, who held the role since 2020, oversaw Gap’s creative campaigns for both its UK and global audiences. He initially joined the company in 2017, when he became creative director of Banana Republic,…
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21 August
Søstrene Grene to open in Victoria Place Woking
Danish homeware retailer Søstrene Grene is set to open a new store in Victoria Place in Woking, as part of its rapid expansion across the UK. Occupying a prominent position on Henry Plaza between M&S and Moss Bros, the brand is opening a 4,673 sq ft store, its first-ever in…
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