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 -12 June
Footfall records highest annual rise since easter despite 5.2% decline
MRI Springboard has recorded the highest rise in annual footfall since Easter with a +6.3% increase versus 2022 despite footfall across UK retail destinations declining by -5.2% last week from the week before. Across the week, footfall was lower than the week before on every day between Sunday and Friday,…
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12 June
Lush launches Asteroid City-inspired pop-up in London
Lush has recently launched a new pop-up shop in Soho, London, to celebrate Wes Anderson’s latest film Asteroid City. In collaboration with film production company Focus Features and Indian Paintbrush, the Lush X Asteroid City gift shop was launched on the 8th of June and will last five weeks. In…
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12 June
Skims launches first London pop-up store
Skims has announced the opening of its first-ever European pop-up experience at the iconic Corner Shop at Selfridges London. The Skims residency in The Selfridges Corner Shop is described as “the most conceptual Skims pop-up experience to date”, designed in partnership with the brand’s long-time collaborator, Willo Perron of Perron-Roettinger. …
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12 June
Dreams appoints new CFO and CIO
Bed retailer Dreams has announced the appointment of Petra Kasperova as the new chief financial officer, effective from the end of June, and Dan West as chief information officer. Kasperova has been promoted to CFO from her role as director of finance and insight, having 19 years of experience at…
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12 June
Jollyes FY sales hit £115m
Jollyes has posted sales of £115m for the year ended 29 May 2023, up 33% from £85m for the previous period. This is the first time that the company has seen sales pass the £100m barrier. Furthermore, its like-for-like sales grew by 17% over the full year, over double the…
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12 June
UK economy set to grow amid increased investment, says CBI
The economy looks to have fared better than expected in the first half of 2023, and is set to steer clear of a recession, according to the CBI’s latest Economic Forecast. The CBI has forecasted 0.4% growth in GDP over 2023, picking up to 1.8% in 2024, upgraded from -0.4%…
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12 June
Frasers Group acquires £75m stake in AO World
Frasers Group has announced that it has acquired an 18.9% strategic stake in AO World, a leading online electricals retailer. The investment cost the group £75m and it is said to be “the culmination of productive talks over the last two years about establishing a strategic partnership”. Michael Murray, CEO…
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12 June
Wilko calls in advisors ahead of rent cut talks
Wilko has reportedly appointed property advisers ahead of crunch talks with landlords as the group looks to cut rents across its estate. According to Sky News, the group has drafted in property agent CBRE ahead of formal negotiations with shop owners, which are expected to start in the coming weeks.…
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12 June
Waitrose reveals further price cuts amid £100m investment
Waitrose has cut the prices of over 200 everyday supermarket items as part of the retailer’s £100m investment to lower customer’s bills. The price cuts, which can be found in every aisle and include cupboard staples from butter and tomato ketchup to Fairtrade caster sugar, are now at least 10%…
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12 June
Dune London opens new store in Newcastle
Dune London has announced its return to Newcastle with the opening of a new store on Grainger Street, situated within the Central Arcade building close to Monument. The new 1400 sqft shop is fitted with Dune London’s premium flagship concept, which has been designed in-house by the brand’s store development…
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