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 -25 August
Sparc Group agrees strategic partnership with Shein
Sparc Group Holdings has announced a strategic partnership with Shein, the global integrated online marketplace for fashion, beauty and lifestyle products. Under the agreement, Shein has acquired an approximately one-third interest in Sparc Group, a joint venture that includes Authentic Brands Group and Simon Property Group, with Sparc becoming a…
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25 August
Quiz non-exec director steps down
Fast fashion brand Quiz has announced that non-executive director Charlotte O’Sullivan intends to step down from the board of directors on 30 November 2023. The decision to step down comes as O’Sullivan relocates overseas. Given this O’Sullivan will not be proposed for re-election as a director at the group’s annual…
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25 August
John Lewis Partnership to recruit over 10,000 roles
The John Lewis Partnership has announced that it is recruiting for more than 10,000 new roles. Of the new roles, 8,400 of them will be seasonal Christmas roles and 1,700 roles will be non-seasonal roles across Waitrose and John Lewis. Waitrose will recruit more than 2,800 seasonal roles across its…
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25 August
HMV owner makes last-ditch bid for Wilko
Canadian businessman Doug Putman has reportedly made a last-ditch attempt to rescue parts of Wilko in a move that could save up to 4,000 jobs, The Times has reported. According to The Times, Putman, who purchased HMV in 2019, has held talks with Wilko’s management team and administrators from PwC…
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25 August
UK consumer confidence improves in August as inflation falls
GfK’s Consumer Confidence Index was up five points to -25 in August, compared with -44 in August 2022. UK consumers’ expectations for the general economic situation over the next 12 months have increased by three points to -30, which is 30 points higher than the same period last year. The…
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24 August
Asda announces £23m investment to lower its prices
Asda has recently announced price cuts on 425 branded and own-label products as part of its continued support for families impacted by the cost of living crisis. The supermarket is investing £23m to lower prices by an average of 11% on some of the most popular products bought by customers…
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24 August
Abercrombie & Fitch raises guidance as Hollister brand boosts sales
Abercrombie and Fitch has increased its full-year outlook ranges on sales and operating margin after its Hollister brand helped boost company net sales 16% to $935m (£737m) during the three months ended 29 July 2023. The company said the results were driven by Abercrombie brands, up 26%, and its Hollister…
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24 August
Aldi calls for Wilko staff to apply for over 6,000 roles
Aldi has called upon staff at Wilko to get in touch with the company about jobs amid the news that Wilko looks unlikely to be saved in a rescue deal. The budget supermarket stated that it had more than 6,000 jobs currently available across its UK stores. It recently announced…
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24 August
Mulberry appoints new non-executive director
British luxury brand Mulberry has announced the appointment of Leslie Serrero as an additional independent non-executive director, following the conclusion of its Annual General Meeting on 7 September 2023. Serrero, who is a French national, has extensive experience of luxury brand leadership. She has been an international managing director of…
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24 August
Majority of Wilko stores to close ‘within weeks’
The majority of remaining Wilko stores are set to shutter “within weeks” and redundancies are expected to begin after the embattled retailer failed to secure a buyer, the GMB Union has warned. The union said it was recently informed by administrators that there was “no longer any prospect that the…
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