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 -26 June
Claire’s appoints new chief merchandising officer
Claire’s has announced the appointment of Claudia Lima-Guinehut as executive vice president and chief merchandising officer. Lima-Guinehut will lead the company’s global merchandising, sourcing, and design strategy as well as the brand’s industry-leading piercing business. With a proven track record of more than 20 years of creating compelling multi-channel product…
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26 June
Moncler Group considers in house distribution for Stone Island
Owner and operator of Stone Island, The Moncler Group, is considering taking the brand’s UK distribution in house, Drapers has reported. The news comes as several industry sources have reportedly indicated that the group, which acquired Stone Island in 2020, is thinking about taking the brand’s UK distribution in house…
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26 June
Gymshark CCO steps down
Gymshark has announced that its chief commercial officer, Niran Chana, has stepped down from the role after eight years. Chana joined the fitness wear retailer as a customer service manager and has since held positions in the company’s management team, being in charge of the management of merchandising, planning, marketing…
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26 June
Primark owner ups FY guidance after strong Q3
Primark owner Associated British Foods has announced that it expects its adjusted operating profit for FY23 to be “moderately ahead of last year” following a period of strong trading in its third quarter. It comes as the group posted overall revenues of £4.7bn for the 12 weeks ended 27 May…
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26 June
Debenhams to launch new premium brands division
Debenhams has announced plans to launch a new division for premium brands on its website as it looks to become a “great British digital department store”, according to Drapers. The Boohoo Group-owned brand is set to launch the new premium fashion division on its website later this year and are…
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26 June
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other companies amid an acquisition spree, The Sunday Times has reported. Frasers currently operates its own shopping centres in Luton and Dundee, with an aim to acquire more outlet centres in…
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26 June
Supermarket leaders to be questioned over rising prices
Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food and fuel prices. According to The Sunday Times, Morrisons CEO David Potts will be among the supermarket bosses to be questioned by MPs on the business committee tomorrow (27 June).…
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23 June
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and one was unchanged in comparison with the previous month. The index measuring changes in personal finances during the last 12 months was up five points at -15; this is eight…
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23 June
Hotel Chocolat expects to deliver marginal loss for FY23
Hotel Chocolat has announced that it anticipates to deliver an underlying marginal loss before tax for FY23, despite cash generation remaining healthy, with cash-at-hand of £19m and zero debt. The direct-to-consumer chocolate brand’s trading update comes after a previous announcement, which outlined that the current financial year is a “transition”…
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23 June
Poundland accelerates grocery rollout
Poundland has today announced its plans to accelerate its grocery rollout to more stores across the country. The discount retailer has revealed it plans to include chilled, frozen, fresh fruit and veg as well as beers, wines and spirits. The move further strengthens the Poundland’s range revolution that’s taken place…
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