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 -9 June
Mothercare CEO steps down after five months
Mothercare CEO Daniel Le Vesconte has stepped down from his role with immediate effect after only five months. Vesconte joined Mothercare from Abercrombie and Fitch in January after having roles at Airwair International, owner of Dr Martens and Vans. He was the first CEO of Mothercare since 2020 after covid…
Read More » -
9 June
Shoe Zone ups guidance as trading ‘exceeds expectations’
Shoe Zone has raised its full-year guidance after recently announcing that trading has exceeded expectations since the release of its interim results on 16 May 2023. The company said that the improvement is due to “particularly strong recent trading through May and early June” and that “this is a combination…
Read More » -
9 June
Timpson FY profits beat expectations at £40m
Timpson Group has welcomed full-year profits of £40.7m in FY22, up from £24.5m the prior year, “way beyond” the group’s expectations as it benefited from the lifting of Covid restrictions. In the full-year ended 1 October 2022, its turnover also hit £297.4m, up from £212.2m the year before. The group…
Read More » -
9 June
EG Group to amend and extend loan following Asda deal
Retail and petrol forecourt company, EG Group, has announced that it will seek to amend and extend its banking loans following the sale of its UK operations to Asda’s Issa Brothers. This three-year amendment and extension will reportedly apply to the group’s remaining $3.4bn (£2.7bn) of term loans due in…
Read More » -
8 June
M&S introduces ‘Beauty Takeback’ scheme
Marks and Spencer has announced a partnership with beauty recycling experts, HANDLE, to launch a ‘Beauty Takeback’ scheme in over 40 stores across the country. This scheme will see hard to recycle beauty packaging materials and components that commonly end up in landfill to be recycled are turned into new…
Read More » -
8 June
Aldi to open 5 new sites
Supermarket chain Aldi is set to open five new stores across the UK in the coming weeks. The grocer, which currently has more than 990 UK stores, will be opening new locations in June including Southampton and Whittlesey. Further stores in Norwich, Castle Donington and Porthcawl will also open in…
Read More » -
8 June
Bensons for Beds appoints chief retail officer
Bensons for Beds today has confirmed the appointment of Paul Owen to join its leadership team as chief retail officer. Owen will join Bensons after almost three years as board member and director of store operations for Magnet Limited. The group said he has “significant experience” of the bed and…
Read More » -
8 June
Tesco and Morrisons ban Chinese state-owned CCTV cameras
Tesco and Morrisons have recently stopped purchasing Chinese-made CCTV cameras amid privacy and human rights concerns, The Telegraph has reported. Morrisons is the latest grocer to remove the equipment supplied by Hikvision and Dahua over their alleged involvement in the persecution of the Uyghur Muslim minority in North-West China. The…
Read More » -
8 June
The White Company begins search for new London stores
The White Company has launched a search for five new London stores as part of its plans to expand, Drapers has reported. The news comes as a few UK retail property agents have been sent a list of locations that the retailer would like to open stores in, including Blackheath,…
Read More » -
8 June
John Lewis chair pledges return to profit before 2026
Sharon White, chair of the John Lewis Partnership, has promised that the company will return to profit before 2026, in a speech to the Employee Ownership Association. After three consecutive years of posting losses White stated that the five-year plan started in 2021 would “get the partnership back to sustainable…
Read More »
