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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Aug- 2023 -30 August
The Works revenues up 5.8% in FY23 despite ‘challenging’ backdrop
The Works’ revenues increased by 5.8% to £280.1m for the year ended 30 April 2023, up from £264.6m in FY22, and as such, the retailer said it is well-positioned to capitalise on opportunities from its strategy in the coming year. The value retailer of arts and crafts, stationery, toys, and…
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30 August
Superdry shares suspended amid results delay
Fashion retailer Superdry has had its shares temporarily suspended by the Financial Conduct Authority (FCA) after delaying the publishing of its full-year results. The company stated that its results were not ready and therefore requested that trading of its Ordinary Shares be suspended. Superdry expects that its shares will return…
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29 August
Boots to open at Battersea Power Station
Boots has announced that it will launch a new beauty only store at Battersea Power Station. The 11,200 sq ft beauty playground is set to open later this year at London’s newest shopping destination and will create a new destination for beauty lovers to try out new products, looks and…
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29 August
John Lewis Partnership reduces price of period pants
John Lewis and Waitrose have become the latest retailers to back an industry-wide campaign to reduce the price of period knickers by absorbing the 20% VAT charge for its customers to make period products more affordable. While the tampon tax, which taxed sanitary towels and tampons, was abolished in 2021,…
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29 August
Natura and Co considers Body Shop sale
Natura and Co is considering potentially selling The Body Shop as a result of its poor post-pandemic performance. The company confirmed in an SEC filing that it was exploring “strategic alternatives” for the business. JP Morgan analysts believe that a sale is the most likely outcome, with the business being…
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29 August
Clintons to shut 38 stores as part of restructuring plan
Clintons is reportedly set to close 38 stores in a bid to stave off its collapse for at least 12 months after a restructuring plan was approved by an insolvency court. According to the Evening Standard, the plan allows the retailer to escape full payment of business rates and rent…
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29 August
Authentic Brands partners with Baozun for Hunter China
Authentic Brands has announced a joint venture with Baozun for Hunter in Greater China and Southeast Asia. Through this partnership, China-based digital ecommerce group Baozun has acquired a 51% equity interest in Hunter in the region. This follows news that, in May of this year, Baozun was among the businesses…
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29 August
Shop price annual inflation slows to 6.9% in August
Shop price annual inflation decelerated further to 6.9% in August, down from 7.6% in July, the BRC has said. The figure, which is below the 3-month average rate of 7.7%, is at its lowest since October 2022. Non-food inflation remained unchanged at 4.7% in August, which is below the 3-month…
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29 August
Frasers ups Asos stake to 19.3%
Mike Ashley’s Frasers Group has announced that it has once again upped its stake in Asos to 19.3%, up from 18%. The news comes after the group increased its stake to 17% earlier this month. The group also raised its stake in Boohoo Group from 6.8% to 7.8%. Prior to…
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25 August
Puma appoints new general manager of Europe
Sports company Puma has recently appointed Javier Ortega as new general manager of Europe, effective from September 1, 2023. He will be responsible for the areas Central Europe, France, UK & Ireland, Southern Europe and Nordics and report directly to Puma CEO Arne Freundt. Ortega, who has been with the…
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