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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May- 2023 -9 May
JD Sports set to acquire Courir for £452.6m
JD Sports has announced that it has entered into exclusive talks to acquire French retailer Courir in a £452.6m deal. The company stated it will pay £282.7m for the company through existing cash resources and £169.6m through debt. In accordance with French law, Courir’s management will now start a consultation…
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9 May
Retail sales rise 5.1% in April
Total retail sales increased by 5.1% in April 2023, against a decline of 0.3% in the same month last year, according to the BRC-KPMG Retail Sales Monitor. This is in line with the three-month average growth of 5.1% and above the 12-month average growth of 3.0%. Like-for-like retail sales increased…
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9 May
John Lewis council to vote on chair’s strategy
John Lewis Partnership employees will reportedly be given the opportunity to vote on chair Sharon White’s leadership this week, The Times has reported. The news comes as the 9-10 May will see 60 employee representatives decide on the chairwoman’s current strategy during a council meeting, which will include two votes…
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9 May
Farmison & Co gets green light to restart operations
Sustainable online butcher Farmison and Co has recently confirmed that it would begin a phased re-opening of operations. After a certification inspection at its Ripon headquarters, the Food Standards Agency has given Farmison the green light to restart operations. A selection of heritage breeds will now go on sale online…
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5 May
Stone Islands appoints Robert Triefus as CEO
Moncler Group and Sportswear Company S.p.A., the company that develops, produces, and distributes the Stone Island brand, has announced the appointment of Robert Triefus as chief executive officer, effective 1 June, 2023. Triefus will report to the board of directors of Sportswear Company S.p.A. chaired by Carlo Rivetti. Triefus joins…
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5 May
Moss Bros FY profits double amid post-pandemic events boom
Moss Bros has seen its EBITDA more than double in its latest full-year results, rocketing 112% to £36m, up from £17m the prior year. Sales soared by 63% to £151m in the period, up from £93.1m the prior year, as business was boosted by the return of weddings, black tie…
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5 May
Employee wellbeing risk soars for retail workers in Q1
Employee experience platform WorkL has revealed that the average Wellbeing Risk score for employees working in retail has increased significantly to 38% in the first quarter of 2023, up from 36% at the end of 2022. Results contrast to an average global decrease in wellbeing risk over the first quarter…
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5 May
Two UK warehouses back industrial strike against Amazon
Workers in Amazon’s Mansfield and Rugeley fulfilment centres will now take part in a binding vote on strike action today (5 May) after GMB announced the move. More than 150 workers at the two sites overwhelmingly backed strikes in a consultative ballot. Now union members will now vote on a…
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5 May
UK footfall jumps 7.2% in April
Footfall rose by +7.2% from March to April, reversing a drop of -2.8% from February to March according to the latest data from MRI Springboard. Springboard said that Easter was a significant driver of footfall in April, with a rise in the week of Good Friday and Easter Saturday of…
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5 May
Holland and Barrett acquires FitTech startup Avie
Holland and Barrett, has announced the acquisition of start-up FitTech company Avie as part of its strategy to extend its reach beyond retail. Co-founded by Charlie Leggate and Kit Logan, and backed by Entrepreneur First, Avie uses health and activity data and behavioural science to help users achieve their health…
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