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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Apr- 2023 -24 April
THG appoints new senior independent director
THG has announced the appointment of Sue Farr as senior independent director with immediate effect. She has spent 16 years in various non-executive director roles, following a career in media, advertising and marketing. Her current non-executive directorships include senior independent director at British American Tobacco plc, interim senior independent director…
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24 April
Peacocks to open new locations at former M&Co sites
High street fashion retailer Peacocks is reportedly looking to expand to more than 20 locations in former M&Co stores, according to Drapers. Peacocks is set to start trading in an old M&Co store in Stornoway, Scotland, in the coming months. According to Drapers’ report, the retailer is also in advanced…
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24 April
Farmison & Co acquired by consortium led by former Asda CEO
Farmison and Co, a sustainable online meat retailer, has been acquired by a consortium led by former Asda CEO Andy Clarke, alongside Chilli Marketing’s Gareth Whittle, Christian Barton and Kieron Barton for an undisclosed sum. In the coming weeks, the consortium will aim to recommence operations at Farmison’s production facility…
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21 April
UK retailers should prioritise loyalty programmes, says Eagle Eye
A new loyalty survey report from Eagle Eye, a global digital marketing technology company, found that 84% of consumers believe personalised recommendations will help them save at the shelf. The report, based on a survey of over 1,300 consumers and nearly 200 loyalty programme managers in North America, Asia, Australia…
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21 April
John Lewis latest business to exit CBI
John Lewis has become the latest business to today terminate its CBI membership in light of the recent allegations against the group. In a statement released today, the retailer said: “Due to the further very serious and ongoing allegations made relating to the CBI, we have decided to end our…
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21 April
CBI hit with second rape allegation
The CBI is facing a second allegation of rape from a woman who claims she was assaulted by two male colleagues. According to the latest report from The Guardian, the offence took place at one of the CBI’s overseas offices and comes following reports of an alleged rape at a…
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21 April
Selfridges launches ‘Worn Again’ season
Selfridges has officially launched ‘Worn Again’, a season dedicated to secondhand shopping, swapping, repairing, upcycling and trading with the ‘Reselfridges’ products and services on 20 April. Instead of the retailer’s typical offerings, Worn Again’s creative scheme aims to explore different ways to keep products in circulation for longer by dialling…
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21 April
H&M creates new youth destination with Weekday and Monki merger
H&M has announced plans to create a new youth destination by merging two of its portfolio brands, Weekday and Monki. According to H&M, the merger is aimed towards creating an “exciting, broadened experience, adapted to the young customers’ needs and preferences”. Additionally, it will also bring back its denim label…
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21 April
Poor weather sees retail sales fall 0.9% in March
Retail sales in the UK fell 0.9% in March according to latest figures from the Office for National Statistics (ONS). Some of this fall can be attributed to the poor weather in March following a 1.1% rise in February. Furthermore, non-food stores sales volumes fell by 1.3% in March 2023,…
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21 April
UK consumer confidence increases by six points, says GfK
GfK’s Consumer Confidence Index was up six points in April and is now at -30, compared to -38 in April 2022. UK consumers’ expectations for the general economic situation over the next 12 months have increased by six points as well to -34, which is 21 points better than April…
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