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 -14 September
THG guidance remains unchanged despite losses widening
THG Group has reiterated that its adjusted EBITDA guidance for FY23 remains unchanged, despite its disposal of loss-making assets widening its operating loss to £99.5m in H1, down from a loss of £89.2m last year. The disposal of loss-making categories and non-core assets, which included its OnDemand business, cost the…
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14 September
John Lewis losses narrow in H1
The John Lewis Partnership has revealed that its losses before tax fell 41% to £59m for the 26 weeks ended 29 July 2023. Alongside this the company’s losses before tax and exceptional items fell 14% to £57.3m down from £66.8m in the same period last year. Sales at the company…
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14 September
The Entertainer appoints new CEO
The Entertainer, the UK’s largest independent toy retailer, has announced the appointment of Andrew Murphy as group chief executive officer. Murphy most recently held the role of group chief operating officer at John Lewis Partnership (JLP). He started his career on the John Lewis shop floor in Aberdeen, rising quickly…
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13 September
The Range agrees £5m deal for Wilko brand
Value retail chain The Range has agreed a deal to purchase the Wilko brand in a deal worth £5m, according to reports from Sky News. The deal is expected to be announced later on Wednesday and will be the latest in a series of transactions signed by administrators PwC. More…
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13 September
Aldi appoints new marketing director
Supermarket Aldi has recently announced the appointment of Kyrsten Halley as new marketing director. She joins fellow Aldi’s marketing director Jemma Townsend in jointly leading Aldi’s marketing team and strategy. Halley was previously marketing director at The Flavourists, part of the Samworth Brothers Group, the British food manufacturer, where she…
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13 September
Majestic to recruit 200 employees ahead of Christmas
Wine retailer Majestic has announced plans to hire 200 employees to work in its nationwide portfolio of stores in what is the company’s biggest ever pre-Christmas recruitment drive. Majestic will be expanding its workforce with a combination of permanent positions and temporary festive roles, as it gears up for the…
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13 September
BP appoints UK retail operations director
BP has announced the appointment of Joanne Hall as its new UK retail operations director, reporting to Sonya Adams, the VP of UK mobility and convenience retail. In her new role, Hall will focus on delivering best-in-class operations across BP’s 300 company-owned retail sites, while enhancing the convenience experience and…
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13 September
UK GDP falls by ‘worse than expected’ 0.5% in July
The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial strikes impacted production, according to the latest statistics from the Office for National Statistics (ONS). The ONS revealed that all of the main sectors fell in July 2023, with output in the services…
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13 September
Fanatics appoints new commerce CEO
Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as the next chief executive officer of Fanatics Commerce, effective immediately. Low Ah Kee replaces former Fanatics Commerce CEO Doug Mack who announced his retirement last month. Fanatics Commerce is a designer, manufacturer, and seller of licensed…
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13 September
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The Financial Times. The footwear company reportedly filed a confidential prospectus to regulators in July, but this public filing would allow the company to join the New York Stock Exchange from…
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