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 -9 May
M&S to further fund Nobody’s Child growth
Marks and Spencer has announced its plans to further fund the eco-conscious fashion brand Nobody’s Child as it continues to go “from strength to strength”. The news comes as the fashion brand, which has over 340,000 customers each year, continues to be one of M&S’ top performing third-party brand partners.…
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9 May
Coronation Day footfall down by 20%
On Coronation Day, footfall across all UK retail destinations was -20.6% lower than the previous Saturday, and -24.6% lower between 10am and 3pm, as the event “somewhat inevitably” drew customers away from stores. However, according to the latest findings from Springboard, the coronation did lead to an uplift in footfall…
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9 May
Lidl to add over 1,500 warehouse staff amid new distribution centre plans
Lidl GB has announced that it is recruiting over 1,500 warehouse colleagues across its existing regional distribution centre (RDC) network, while confirming plans to build a new RDC on a 35-acre site in Gildersome, Leeds. It said the plans submitted to Leeds City Council for a 54,000m2 build represent a…
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9 May
JD Sports set to acquire Courir for £452.6m
JD Sports has announced that it has entered into exclusive talks to acquire French retailer Courir in a £452.6m deal. The company stated it will pay £282.7m for the company through existing cash resources and £169.6m through debt. In accordance with French law, Courir’s management will now start a consultation…
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9 May
Retail sales rise 5.1% in April
Total retail sales increased by 5.1% in April 2023, against a decline of 0.3% in the same month last year, according to the BRC-KPMG Retail Sales Monitor. This is in line with the three-month average growth of 5.1% and above the 12-month average growth of 3.0%. Like-for-like retail sales increased…
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9 May
John Lewis council to vote on chair’s strategy
John Lewis Partnership employees will reportedly be given the opportunity to vote on chair Sharon White’s leadership this week, The Times has reported. The news comes as the 9-10 May will see 60 employee representatives decide on the chairwoman’s current strategy during a council meeting, which will include two votes…
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9 May
Farmison & Co gets green light to restart operations
Sustainable online butcher Farmison and Co has recently confirmed that it would begin a phased re-opening of operations. After a certification inspection at its Ripon headquarters, the Food Standards Agency has given Farmison the green light to restart operations. A selection of heritage breeds will now go on sale online…
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5 May
Stone Islands appoints Robert Triefus as CEO
Moncler Group and Sportswear Company S.p.A., the company that develops, produces, and distributes the Stone Island brand, has announced the appointment of Robert Triefus as chief executive officer, effective 1 June, 2023. Triefus will report to the board of directors of Sportswear Company S.p.A. chaired by Carlo Rivetti. Triefus joins…
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5 May
Moss Bros FY profits double amid post-pandemic events boom
Moss Bros has seen its EBITDA more than double in its latest full-year results, rocketing 112% to £36m, up from £17m the prior year. Sales soared by 63% to £151m in the period, up from £93.1m the prior year, as business was boosted by the return of weddings, black tie…
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5 May
Employee wellbeing risk soars for retail workers in Q1
Employee experience platform WorkL has revealed that the average Wellbeing Risk score for employees working in retail has increased significantly to 38% in the first quarter of 2023, up from 36% at the end of 2022. Results contrast to an average global decrease in wellbeing risk over the first quarter…
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