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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May- 2023 -11 May
Nordstrom appoints Cathy R. Smith as CFO
Nordstrom has announced the appointment of Cathy R. Smith as chief financial officer, effective 29 May, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020. In this role, Smith will be responsible for financial planning and analysis, accounting, tax,…
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11 May
Roberts Radio appoints new CEO
British audio brand, Roberts Radio, has recently appointed Owen Watters as its CEO, returning to the business in a role he had previously held for six years. Watters joins Roberts from Hama UK, where he was managing director. Prior to that, he had already worked at Roberts for 14 years,…
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11 May
BRC calls for Windsor Framework labelling clarity
The British Retail Consortium (BRC) has called on the government to provide clarity for UK supermarkets on labelling issues caused by the Windsor Framework ahead of the October deadline. Labelling is a key issue as it will determine whether or not businesses can trade in the green lane or red…
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11 May
Ebay launches Carbon Academy to help small businesses
Ebay has announced the launch of Carbon Academy to help small businesses to reduce their carbon footprint and accelerate their sustainability journey. The new programme is created in partnership with sustainability consultant ClimatePartner and aims to give guidance on how to reduce the carbon footprint in day to day operations.…
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11 May
Slowear appoints former Gucci VP as CEO
Italian fashion retailer Slowear has announced the appointment of Piero Braga, the former executive vice-president of Gucci, as its new chief executive officer. In addition to appointing a new CEO, the group also announced new board members. Paolo Ferring joins as chairman, while Giorgio Delpiano, an executive at Shell, and…
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11 May
Tesco, Sainsbury’s, Lidl and Aldi cut price of bread and butter
Tesco, Sainsbury’s, Lidl and Aldi are the latest supermarkets to drop the price of bread and butter across their stores in a bid to support customers amid high inflation. Tesco said the price of its toastie white bread, white bread and wholemeal bread have dropped in price from 85p to…
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10 May
Hugo Boss targets younger customers with new denim brand
Following its brand refresh last year, Hugo Boss is launching a new denim brand in a bid to attract younger customers. The group will expand its portfolio with Hugo Blue, a new line under the Hugo Boss brand that will be exclusively dedicated to denim. It is set to launch…
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10 May
John Lewis chair receives council backing despite disapproval on performance
John Lewis chair Dame Sharon White has been backed by the John Lewis council on whether they have confidence in her leadership moving forward, despite them voicing their disapproval over her decisions in the past year. According to reports, White faced two votes on her leadership at the John Leadership…
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10 May
Sainsbury launches 100% electric delivery fleet in Nine Elms
Sansbury’s has recently announced that its Nine Elms superstore in London will now deliver to customers using a 100% electric fleet. Delivering to 145,000 households, the Nine Elms delivery fleet is made up of 12 vans, with both the vehicle and fridge units powered by electricity, meaning they will not…
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10 May
Charles Tyrwhitt to roll out green asset control tech
Menswear brand Charles Tyrwhitt has invested in green asset control technology provided by LoweConex in order to reduce energy consumption and minimise its carbon footprint. LoweConex, which provides IoT energy management solutions, will be rolled out across the retailer’s estate to help hit its sustainability targets. This will see the…
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