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 -22 September
Currys to recruit for over 1,100 roles ahead of ‘peak’ trading
Technology retailer Currys has today announced plans to create over 1,100 new roles during this year’s “peak” trading period. To support the business through the “busiest” time of the year – the period leading up to Black Friday through to the January sales – 720 temporary roles have been made…
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22 September
Mothercare revenues decline in FY23
Mothercare has reported that underlying profits slipped from £12m last year to £6.7m in the financial year ended 25 March, despite a 9% increase in net worldwide retail sales by franchise partners to £322.7m. As a result, the group’s net borrowing reached £12.4m in FY23, widening from £9.9m recorded at…
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22 September
Retail sales recover in August, says ONS
Retail sales have risen 0.4% in August compared to a slight fall of 1.1% in July, according to new data from the Office for National Statistics (ONS). When compared with their pre-covid level in February 2020, total retail sales were 17.3% higher in value terms, but volumes were 1.5% lower.…
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21 September
Today’s news in brief-21/09/23
Wilko’s administrators PwC are reportedly set to begin a review of dividend payouts totalling £77m to investors over the past decade. The review will focus on payouts to the Wilkinson family and other investors leading up to the retailer’s decline. Notably, despite posting losses of £39m, Wilko paid out a…
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21 September
Footasylum opens Oxford Street flagship
Sportswear retailer Footasylum has opened its flagship store at 73-89 Oxford Street in London, as it continues to see strong demand for its branded streetwear offering. The new 20,000 sq ft store opened to the public today (21 September) and trades across two floors, with additional customer service and click-and-collect…
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21 September
Aldi to sponsor nationwide beach cleanup project
Aldi has announced it is backing the Marine Conservation Society’s Beachwatch programme with a £50,000 sponsorship. The supermarket has become the biggest corporate funder of the Marine Conservation Society’s beach cleaning and litter survey project, Beachwatch, which aims to support more than 15,000 volunteers to participate in 1,200 local beach…
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21 September
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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21 September
Secret Sales acquires Spanish online fashion retailer Dreivip.com
Secret Sales has announced the acquisition of Dreivip.com – the Spanish discount retailer – for an undisclosed sum. Secret Sales said the deal Forms the start of an aggressive merger and acquisition (M&A) strategy and follows its recent expansion into the Netherlands and Belgium, making this the third European territory…
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21 September
JD Sports revenues up 8% in H1
JD Sports revenues grew by 8% to £4.7bn in the 26 weeks to 29 July, as gross margins were “robust” at 48% and well above pre-pandemic levels due to a more normal promotional environment in H1. The group said its profit before tax and adjusted items of £373.5m also reflected…
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21 September
Tesco’s chief customer officer to step down
Tesco has announced that its chief customer officer, Alessandra Bellini, is set to step down from her role at the end of September. Following her departure, Ashwin Prasad will lead Tesco’s customer and product teams as chief commercial officer. Bellini, who joined in March 2017, will leave Tesco after nearly…
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