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 -15 September
Ann Summers partners with DSA
Ann Summers has joined the UK trade body for direct-to-consumer retail, the Direct Selling Association (DSA), as it looks to focus on its direct sales channel. Currently, the retailer has joined the DSA as a prospective member, whilst the full membership audit process is carried out. According to the DSA,…
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15 September
French Bedroom appoints new managing director
E-commerce brand French Bedroom has announced the promotion of Holly Yates to managing director as the company celebrates 17 years of creating French style furniture. Yates joined French Bedroom in June 2020 as head of brand in a role that saw her accountable for managing the business’ marketing channels. She…
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15 September
Mytheresa sales rise by 11% to €768.6m in FY23
German luxury fashion retailer Mytheresa has reported a net sales year-on-year increase of 11.4% to €768.6m (£659m) for the period ended in June 2023. During the full year, the company saw a Gross Merchandise Value (GMV) growth of 14.5% to €855.8m (£733.7m), compared to €747.3m (£640.7m) in 2022. Adjusted EBITDA…
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15 September
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (£4.3bn) for the three months ended 31 August 2023. Alongside this the company stated that its net sales were up 8% when excluding Russia, Belarus and Ukraine. However, in local currencies, the company stated that its net sales…
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15 September
TikTok shop partners with CommerceHub to boost in-app shopping
Tik Tok Shop has partnered with CommerceHub, a provider of software solutions connecting supply, demand, and delivery for retailers and brands globally, to boost its in-app shopping experience. By implementing CommerceHub’s unified commerce platform including ChannelAdvisor, TikTok said it will now have the ability to access tens of thousands of…
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15 September
Pepco Group CEO steps down
Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond, chair of the group’s board, will step into the role of executive chair, leading the executive team and overall management of the company until a successor CEO is appointed. Bond…
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15 September
Johnstons of Elgin profits fall 15% in FY22
Scottish luxury cashmere retailer, Johnstons of Elgin, has revealed that its profit before tax dropped by 15.3% to £3.3m in FY22, down from £3.9m in the prior year. This is despite reporting “record” sales, which grew 26% on the previous year from £66.4m to £83.5m. According to the retailer, its…
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14 September
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy to reinvigorate the asset with new brands, concepts and market firsts. Located at the gateway to Bullring and just metres from the iconic steel Bull, Nike Birmingham will follow the…
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14 September
Footasylum opens new 10,000 sq ft store in Essex
Streetwear and sportswear retailer, Footasylum, has opened its new 10,000 sq ft store in Lakeside Shopping Centre, Essex, and will be led by its footwear and men’s apparel offering. According to the retailer, the store represents a “first-of-its-kind concept” development and has an improved look and feel. This comes after…
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14 September
Lidl swings to loss despite revenues rising to £9.3bn
Lidl has reported a loss before tax of £75.9m despite seeing an 18.8% increase in its revenues to £9.3bn in FY23, according to its latest accounts for the 52 weeks ending 28 February 2023. Its EBITDA also dropped to £28.5m compared with £79m FY22 as it invested over £100m in…
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