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 -7 September
Currys LFL UK sales down 2% in Q2
Currys has revealed that its like-for-like in the UK and Ireland were down 2% for the 17 weeks ended 26 August 2023. Despite this the company stated that its revenue trends were better in July and August than in May and June. Currys stated that it saw robust sales in…
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7 September
DFS secures £250m in credit facilities
DFS has completed a new £200m revolving credit facility and £50m issue of US private placement notes, replacing the retailer’s existing £215m RCF. The new credit facility, which has been agreed with existing banking partners, will mature in September 2027 and includes an option to extend a further 16 months. …
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7 September
Holland and Barrett relaunches its entire food range
Holland and Barrett has relaunched its entire food range with the first 500 products launching throughout September marking the start of the “biggest transformation of its food category in a decade”. The news comes after the retailer has been investing in its store estate, opening 19 stores and refitting 16…
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6 September
Homeware brand Søstrene Grene to open in Liverpool
Danish homeware retailer Søstrene Grene has announced plans to open its first Liverpool store on Bold Street, with the official opening date set to be announced very soon. The brand, which promises to bring “a touch of Danish charm and ‘hygge’” to the city, will stock minimal, Scandinavian designs in…
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6 September
Caledonia Park signs Hobbs and Phase Eight
Railpen has recently announced that Phase Eight and Hobbs have signed at Caledonia Park, Scotland’s premium designer outlet village. The two brands will be sharing a 3.035 sq ft unity with a dual fascia, which is set to open in Q4. The new store will mark Hobbs’ first Scottish outlet…
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6 September
John Lewis appoints former River Island CEO to board
John Lewis has announced the appointment of Will Kernan as non-executive director of the partnership board, to be effective from 12 September. Kernan will succeed Nish Kankiwala, who took the role of partnership’s chief executive officer in March 2023 after being non-executive director on the partnership board for two years. …
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6 September
Aldi named cheapest supermarket for 15th month in a row
Aldi has been named the cheapest supermarket for the fifteenth month in a row, according to Which’s Cheapest Supermarket Price Comparison data. The data looks at the cost of a basket of items, including groceries and household essentials. The latest research shows that in August Aldi was £14.30 cheaper than…
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6 September
Halfords revenues rise 14.1% amid strong motoring demand
Halfords has announced that its revenues have increased by 14.1% for the 20 weeks ended 18 August 2023, boosted in part by its autocentre business. According to the group, this increase in revenue was driven by needs-based categories, with revenue from autocentres up 34.6% and retail revenue up 3.7%. Strong…
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6 September
WHSmith FY revenues soar 28% as travel rebounds
WHSmith has welcomed a strong year of trading in the year ended 31 August, as the stationery retailer’s revenues increased 28% against the prior year. The group attributed its spike in revenue to its travel category’s popularity, which saw a 42% increase in revenue. It said its sales performance in…
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5 September
Wilko to axe 1,300 jobs and close 52 stores
Wilko is set to close 52 stores and make 1,300 redundancies across the business as rescue talks for the retailer continue, its administrator confirmed today. Earlier today, PwC confirmed that it has agreed to provide B&M with the option to acquire up to 51 properties, after the administration trading period…
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