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.
-
Jul- 2023 -19 July
Looking Sharp: fashion reseller saves £320K in three months with Inventory Planner
Key facts Multichannel footwear and clothing reseller, Sharp Attire – founded in 2015, with a Shopify-powered webstore and significant Amazon presence Uses Inventory Planner to accurately forecast demand for 10,000s SKUs, streamline purchasing across multiple locations and make faster, data-driven decisions that boost the business’ bottom line Impact: 19 DAYS…
Read More » -
19 July
Profit warnings from FTSE retailers fall in H1
FTSE retailers have issued only 10 profit warnings for the first half of 2023, marking a fall from the 16 warnings issued during the same period in 2022, according to EY-Parthenon’s latest profit warnings report. Nonetheless, more than a fifth of companies in the ‘three warning danger zone’ came from…
Read More » -
19 July
Gucci CEO Marco Bizzarri to step down
Marco Bizzarri, president and CEO of Gucci since 2015 and a member of Kering’s executive committee since 2012, is set to stand down from his position, effective 23 September 2023. It comes as Kering, which owns the Gucci brand, announced a series of appointments aimed at strengthening the organisation. Jean-François…
Read More » -
19 July
Second Amazon warehouse joins strike
Amazon workers from a second warehouse are set to walk out after the GMB Union announced the outcome of a strike ballot at the company’s Rugeley fulfilment centre. More than 100 workers at the West Midlands location are going to walk out after 86% of those who voted backed the…
Read More » -
19 July
Inflation falls faster than expected in June
The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS). On a monthly basis, the CPI rose by 0.1% in June 2023, compared with a rise of 0.8% in…
Read More » -
19 July
Hotter Shoes rescued through Woolovers deal
The future of footwear retailer Hotter Shoes has been secured following a sale of the business to Woolovers Group. Will Wright and Rick Harrison from Interpath Advisory were appointed joint administrators of Beaconsfield Footwear Limited, trading as ‘Hotter Shoes’, on 18 July 2023. Headquartered in Skelmersdale, the company is a…
Read More » -
18 July
Hollister and Gilly Hicks open at Liverpool ONE
Hollister Co, the global teen retailer division of Abercrombie & Fitch, has recently opened at Liverpool ONE featuring an updated store design concept. The store opening sits alongside sister brand Gilly Hicks, giving the brand an expanded footprint and first dedicated storefront at Liverpool ONE. Located on South John Street,…
Read More » -
18 July
Tesco explores freehold acquisitions to combat inflation
Tesco is reportedly looking to acquire the freeholds of more stores in order to minimise its lease liabilities and reduce its exposure to inflation, The Times has reported. According to its annual accounts, the supermarket chain now owns the freehold of 60% of its 4860-stores, an increase from 40% in…
Read More » -
18 July
Supermarkets see largest drop in grocery price inflation since its peak
Grocery price inflation has seen its steepest decline since inflation peaked in March this year, falling 1.6 percentage points to 14.9% in the four weeks to 9 July 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period grew by 10.4% compared…
Read More » -
18 July
Authentic Brands Group appoints Kevin Wills new CFO
Authentic Brands Group, a global brand development, entertainment and marketing platform, has announced the appointment of Kevin Wills as chief financial officer. Wills has nearly two decades of experience in financial leadership across the fashion, retail and consulting sectors. He most recently served as chief financial officer and member of…
Read More »
