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 -14 June
GMB invites business secretary to meet striking Amazon workers
The GMB Union has invited secretary of state for business and trade, Kemi Badenoch MP, to meet striking Amazon workers before they head to parliament today (14 June). Workers from the retail giant’s fulfilment centre in Coventry have met MPs, including members of the shadow cabinet, in their fight to…
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14 June
UK retailers need to do more for diversity and inclusion, BRC says
UK retailers must put more strategies in place regarding diversity and inclusion among their top executives, the BRC reported. According to a new BRC report, 93% of retailers have implemented a strategy to improve diversity and inclusion across their business, while many have expanded these plans in order to focus…
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14 June
Games Workshop expects PBT to rise to £170m
Games Workshop has revealed it expects its profit before tax for the year to be no less than £170m, up from £157m in 2021-22, according to its annual report for the 52 weeks ended 28 May 2023. It also expects its core revenue to be not less than £440m, up…
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14 June
CMA orders Sainsbury’s and Asda to stop anti-competitive land agreements
Sainsbury’s and Asda have recently been ordered to stop using unlawful anti-competitive land agreements by the Competition and Markets Authority (CMA). The unlawful agreements include placing restrictions on land they own from being used by a rival supermarket, a move which doesn’t allow shoppers to have more choice and benefit…
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14 June
Asda to freeze prices on more than 500 products
Asda has announced that it has frozen the prices of over 500 branded and own-branded products following an investment to “give customers more control over what they spend each week”. The price lock, which runs until the end of August, includes cupboard essentials such as cereals, pasta and tea, as…
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14 June
BRC names new chairman
The BRC has announced the appointment of Andy Higginson as the new incoming chairman to succeed Tony De Nunzio in September this year. Higginson has over 30 years of senior executive and non-executive experience in the retail industry in the UK and internationally, covering major brands. Previously, he was CFO…
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14 June
Next in talks over £500m Reiss sale
Next is reportedly in talks over a potential sale of fashion chain Reiss, which it currently controls with a 51% stake, in a deal that could value it at over £500m. According to Sky News, Next, alongside fellow Reiss shareholder Warburg Pincus, have entered talks with bankers regarding an auction…
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14 June
Marks Electrical posts record revenues of £97.8m
Marks Electrical has posted record revenues of £97.8m for the year ended 31 March 2023, compared with £80.5m in FY22. The retailer posted an EBITDA of £7.5m which was up slightly from £7.2m compared with last year. The company also posted a statutory profit before tax of £6.4m, nearly double…
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13 June
Aldi sees frozen fish and seafood volume market share soar
Aldi has increased its volume market share of frozen fish and seafood from 12.0% to 14.3% in the 12-week period ending 14 May 2023, according to the latest figures from Kantar. It now sells more frozen fish than any other retailer in the UK aside from Tesco, overtaking frozen food…
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13 June
Trust in supermarkets falls to nine-year low, Which? finds
Trust in the food industry has dropped to a nine-year low, Which? research finds, as two-thirds of consumers say they feel supermarkets are ripping people off in expensive convenience stores that fail to stock budget range foods. Which?’s monthly consumer insight tracker found that trust in the groceries industry dropped…
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