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.
-
Jun- 2023 -23 June
Unbound Group eyes restructuring plan as sale hopes falter
Unbound Group, the owner of Hotter Shoes, is reportedly mulling plans to commence a restructuring process as hopes of a sale of the business have stalled. According to Sky News, the group has now called on advisers at Interpath to prepare for an emergency restructuring plan, which would require court…
Read More » -
23 June
Boohoo sees shareholder unrest over executive pay
Boohoo is facing unrest amongst its shareholders after nearly a third of them voted against its remuneration report at its AGM. It is unclear exactly how much each director was paid last year but 32.5% of shareholders decided against the report. Despite this all directors were reelected with 99% of…
Read More » -
23 June
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2% in the period compared with 41.7% in the same period last year. Meanwhile, the group’s EBITDA remained at a constant currency level of £3.5m. Bob Holt, CEO of Revolution Beauty,…
Read More » -
23 June
Victoria’s Secret unveils new senior team appointments
Victoria’s Secret has announced key leadership appointments to “further advance its strategic pillars” of strengthening the core, and transforming the foundation of the company. Greg Unis will assume the role of brand president, Victoria’s Secret and PINK. Unis will continue to report to Martin Waters, CEO of Victoria’s Secret and…
Read More » -
22 June
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail giant Amazon could be interested in a potential takeover, according to The Times. Ocado saw its share price jump from from 424p per share at close on Wednesday to 607p…
Read More » -
22 June
Lloyds Pharmacy continues offloading stores as CEO departs
Lloyds Pharmacy parent company Hallo Healthcare has sold 32 Masta stores, its private travel clinic, to Irish firm Nomad Travel last week as part of its continued drive to offload assets. It has also been revealed in Companies House listings that Lloyds CEO Ken Birch stepped down from his role…
Read More » -
22 June
Sainsbury’s expands Nectar prices to fresh produce
Sainsbury’s has announced the expansion of its loyalty initiative by introducing offers on fresh produce for the first time. Nectar’s 18 million users can now access a wide range of fresh fruit and vegetables at a lower price, helping to make big savings when shopping in Sainsbury’s supermarkets or online. …
Read More » -
22 June
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by…
Read More » -
22 June
Monsoon opens Islington boutique
Fashion retailer Monsoon has opened its latest boutique store, at 290 Upper Street, Islington, N1 2XF. It said the opening comes after the successful launch of boutique locations in Bath, Edinburgh and Cambridge over the last year. It said it comes in line with Monsoon’s strategy to open elevated retail…
Read More » -
22 June
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will now be part of a future independent board appointment process. Horsefield most recently worked as the CEO of Beauty at THG, and according to Boohoo, will bring significant e-commerce and…
Read More »
