News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jun- 2023 -22 June
Sainsbury’s expands Nectar prices to fresh produce
Sainsbury’s has announced the expansion of its loyalty initiative by introducing offers on fresh produce for the first time. Nectar’s 18 million users can now access a wide range of fresh fruit and vegetables at a lower price, helping to make big savings when shopping in Sainsbury’s supermarkets or online. …
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22 June
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by…
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22 June
Monsoon opens Islington boutique
Fashion retailer Monsoon has opened its latest boutique store, at 290 Upper Street, Islington, N1 2XF. It said the opening comes after the successful launch of boutique locations in Bath, Edinburgh and Cambridge over the last year. It said it comes in line with Monsoon’s strategy to open elevated retail…
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22 June
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will now be part of a future independent board appointment process. Horsefield most recently worked as the CEO of Beauty at THG, and according to Boohoo, will bring significant e-commerce and…
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22 June
Elliot Advisors considers £500m deal for Reiss
Private equity firm Elliot Advisors has reportedly expressed interest in acquiring British fashion brand Reiss for £500m from Next and Warburg Pincus, according to Sky News. However, it is unclear on Wednesday whether Elliott would table a formal bid for the clothing retailer and so far, around three parties are…
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22 June
Matalan makes two senior executive appointments
Matalan has announced the appointment of Phil Hackney as chief supply chain operations officer and Katherine Davis as chief retail officer. These new senior executives will report directly into Jo Whitfield as CEO. The roles have been created to support Matalan’s transformation, unlocking improvements to the customer journey as the…
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21 June
Aldi becomes Scotland’s 3rd biggest supermarket by volume, Kantar finds
Aldi Scotland has revealed its volume share of the grocery market has increased to 11%, moving ahead of Morrisons and Sainsbury’s for the first time to become the third biggest supermarket, according to new data from Kantar. Aldi Scotland now commands a higher volume market share than Co-op (7.2%), Sainsbury’s…
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21 June
M&Co relaunches website under new ownership
M&Co has launched a new website following its acquisition by AK Retail Holdings earlier this year. The new website features a redesigned platform with a “fresh and modern” design, having undergone a comprehensive transformation to “reinvigorate” its online offering. It displays a first look at the brand’s expanded product range…
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21 June
Pentland Brands appoints chief financial officer
Pentland Brands, the owner of Speedo, Ellesse and Berghaus, has announced the appointment of Graham Burridge as the group’s new chief financial officer. He joins London-based advertising, marketing and public relations firm WPP, where he held the role of chief operating officer and chief financial officer from February 2022. Previously,…
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21 June
Landsec announces retail investment plans
Landsec has announced plans to invest significantly in its prime retail destinations to further enhance its positive growth outlook. The investment include a £45m transformation plan at Gunwharf Quays that will improve the Portsmouth-based shopping outlet to create a more memorable experience for visitors and deliver more value for brand…
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