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.
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Jun- 2023 -22 June
Elliot Advisors considers £500m deal for Reiss
Private equity firm Elliot Advisors has reportedly expressed interest in acquiring British fashion brand Reiss for £500m from Next and Warburg Pincus, according to Sky News. However, it is unclear on Wednesday whether Elliott would table a formal bid for the clothing retailer and so far, around three parties are…
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22 June
Matalan makes two senior executive appointments
Matalan has announced the appointment of Phil Hackney as chief supply chain operations officer and Katherine Davis as chief retail officer. These new senior executives will report directly into Jo Whitfield as CEO. The roles have been created to support Matalan’s transformation, unlocking improvements to the customer journey as the…
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21 June
Aldi becomes Scotland’s 3rd biggest supermarket by volume, Kantar finds
Aldi Scotland has revealed its volume share of the grocery market has increased to 11%, moving ahead of Morrisons and Sainsbury’s for the first time to become the third biggest supermarket, according to new data from Kantar. Aldi Scotland now commands a higher volume market share than Co-op (7.2%), Sainsbury’s…
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21 June
M&Co relaunches website under new ownership
M&Co has launched a new website following its acquisition by AK Retail Holdings earlier this year. The new website features a redesigned platform with a “fresh and modern” design, having undergone a comprehensive transformation to “reinvigorate” its online offering. It displays a first look at the brand’s expanded product range…
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21 June
Pentland Brands appoints chief financial officer
Pentland Brands, the owner of Speedo, Ellesse and Berghaus, has announced the appointment of Graham Burridge as the group’s new chief financial officer. He joins London-based advertising, marketing and public relations firm WPP, where he held the role of chief operating officer and chief financial officer from February 2022. Previously,…
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21 June
Landsec announces retail investment plans
Landsec has announced plans to invest significantly in its prime retail destinations to further enhance its positive growth outlook. The investment include a £45m transformation plan at Gunwharf Quays that will improve the Portsmouth-based shopping outlet to create a more memorable experience for visitors and deliver more value for brand…
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21 June
Halfords FY profit falls 38% despite rise in sales
Halford’s Group has reported that full-year profits have fallen by 38.3% to £51.5m in FY23, despite reporting a revenue growth of 15.3% to £1.5bn. Despite the profit hit, the group reported a like-for-like growth of 2.4% compared to FY22, with all segments positive despite a backdrop of significant declines in…
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21 June
Inflation fails to fall in May
Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices would continue to fall. According to the latest figures from the Office for National Statistics (ONS) rising prices for air travel, recreational and cultural goods and services, and second-hand cars resulted in the…
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21 June
Debenhams’ unsecured creditors to lose out on £1.3bn
Debenhams’ unsecured creditors, including clothing suppliers, landlords and lenders, are set to lose out on the £1.3bn they were owed before the business collapsed in 2020. According to The Times, a new report from the department store’s liquidator, AlixPartners, revealed that no funds were available for distribution to the group’s…
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21 June
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted EBITDA for the half-year now expected to be between £44m and £47m, compared with £32.3m in the same period last year. As a result, the group’s guidance for the financial…
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