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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Sep- 2023 -25 September
UK consumer confidence up four points, says GFK
GfK’s long-running Consumer Confidence Index increased four points to -21 in September amid falling inflation figures, growth in wages and high interest rates. The index measuring changes in personal finances during the last year was up two points at -13; this is 15 points better than September 2022. The forecast…
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25 September
THG’s £200m HQ sale falls through
THG boss Matt Moulding has reportedly seen his plan to offload the business park which hosts the headquarters of THG, which could have been worth up to £200m, has fallen through. The boss of THG had been in talks with property investor ICG Real Estate of a sale with the…
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25 September
Aldi to invest £1.4bn in UK-wide expansion
Aldi has announced that it would increase its rate of investment in the UK in the next two-year period to more than £1.4bn, as annual sales increased by almost £2bn to £15.5bn in the year to December 2022. The discount retailer’s investment will include work to expand its distribution and…
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25 September
H&M makes U-turn over in-store return fee
H&M has recently decided not to charge customers a processing fee of £1.99 for online returns made in store, according to the BBC. Last week it was reported that customers were to pay the fee in order to return parcels both in store and online. Now, the retailer has updated…
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25 September
Iceland complains to Ofgem over conduct of energy firms
Gas and electricity suppliers have been accused of profiteering and discrimination by businesses including Iceland, The Telegraph has reported. According to reports, British businesses made complaints to Ofgem regarding the behaviour of gas and electricity companies as part of the energy regulator’s investigation into “poor conduct”, which launched earlier this…
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22 September
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
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22 September
SPAR partners with FareShare to deliver One Million Meals project
SPAR is partnering with FareShare, the UK’s biggest charity fighting hunger and tackling food waste, to provide the equivalent of one million meals through local charities in cities, towns and villages across the UK, as part of the Giving One Million Meals project. The campaign started on 21 September and…
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22 September
Frasers tries to pull Morgan Stanley boss into legal battle
Frasers has reportedly asked a New York court to order Morgan Stanley’s boss to hand over evidence for the group’s High Court lawsuit against the bank, the Financial Times has reported. The FT said the lawsuit in question concerns an almost $1bn (£815m) margin call covering trades in Hugo Boss. …
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22 September
Co-op underlying profits jump to £43m in H1
The Co-op has posted underlying profits of £43m during the first half of the year, up from a £1m loss the prior year, as its cost-saving efforts proved fruitful. The retailer said the improvement was driven by annualisation of £101m cost savings achieved in 2022 and further cost savings in…
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22 September
Ocado shares suffer worst fall in 11 years
Online supermarket Ocado saw its shares plummet 20% yesterday, its worst fall in 11 years, as a result of being downgraded by a city broker. The 20% drop wiped nearly £1.4bn off of the company’s overall value and slashed £32m of value off of co-founder and chief executive Tim Steiner’s…
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