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 -19 September
B&Q owner Kingfisher slashes full-year guidance
B&Q owner Kingfisher has slashed its full-year profit guidance to £590m, down from £634, as the retailer continues to face hard trading conditions. It comes as operating profit for the six months ended in July was £367m, down 30.9% from the £531m reported in the same period last year. Group…
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18 September
Today’s news in brief
Mike Ashley is reportedly in talks to sell the online clothing label Missguided to Shein, a Chinese-founded online fashion platform. If successful, this would mark Shein’s first acquisition of a British fashion brand. The deal is anticipated to cover Missguided’s brand and intellectual property, with Ashley’s company retaining its head…
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18 September
JD Williams launches premium clothing collection for women
JD Williams, a leading brand within N Brown Group plc, has announced the launch of a new range of premium wardrobe staples, Anthology. The collection features a selection of staples for Autumn Winter 2023, available online from 7 September at JD Williams in sizes 8-18. The edit of “refined, stylish”…
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18 September
Andrews Tiles expands with two new sites
Leeds-based tile firm Andrews Tiles has expanded its range of sites, entering Greater Manchester for the first time in the company’s 137-year history. The company has opened a new site in Bredbury, Greater Manchester, and a base in Seacroft, its home city. The new openings add to the retailer’s Meanwood…
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18 September
Lululemon adds Shane Grants to its board
Lululemon Athletica has announced the appointment of Shane Grant to serve on its board of directors, effective 1 November 2023. Grant has been the group deputy CEO, CEO Americas and EVP Dairy, Plant Based and Global Sales at Danone, a leading global food and beverage company, since January of 2023.…
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18 September
Mike Ashley eyes Missguided sale to Shein
Mike Ashley is looking to sell the online clothing label Missguided to the Chinese-founded online fashion platform, Shein, Sky News has reported. It is understood that the two sides have been in negotiations about a deal for several weeks, which would represent Shein’s first acquisition of a British fashion brand.…
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18 September
Over 100,000 retail jobs lost since 2020 after Wilko collapse
The number of retail job losses since 2020 is set to pass 100,000 as a result of the 12,500 jobs at risk after the collapse of Wilko, according to data from the Centre for Retail Research. The latest data shows that there have been more than 17,000 jobs lost at…
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18 September
Boots ditches plans for online marketplace
Boots has reportedly decided to ditch plans for the launch of its online marketplace, according to Retail Week. The health and beauty retailer had previously announced the launch of the marketplace back in spring 2023 as part of its digital transformation post-pandemic and hailed as an opportunity for brands to…
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18 September
Waterstones owner tables Body Shop bid
The owner of Waterstones, Elliott Advisors, has reportedly joined a list of bidders looking to acquire The Body Shop after it was put up for sale by its owner. According to Sky News, the investment firm tabled an indicative bid for the cosmetic chain in recent weeks. However, Sky said…
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18 September
Nordstrom adds three to executive leadership team
Nordstrom has announced three executive leadership appointments to the company’s merchandising and store organisations, effective immediately. Jamie Nordstrom has been appointed as its new chief merchandising officer and Fanya Chandler and Gemma Lionella as its president, Nordstrom stores and Nordstrom Rack respectively. Nordstrom previously served as the company’s chief stores…
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