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 -8 June
Global Fashion Group appoints CEO of The Iconic
Global Fashion Group (GFG) has appointed Jere Calmes as chief executive officer of The Iconic. Calmes is described as a “seasoned” executive with over 25 years of leadership experience across multiple sectors, and is rejoining GFG after a three-year tenure as CEO of Lamoda, which GFG sold in late 2022. …
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8 June
Asos head of commercial change steps down
Asos head of commercial change and operations, Anthony Benham, has left the online retailer after 16 years. Benham started working for Asos in 2006 as a senior menswear merchandiser. In 2012, he was promoted to retail project manager, and in 2016, he was made a senior business change partner. He…
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7 June
Frasers Group raises Asos stake
Mike Ashley’s Frasers Group has increased its stake in online retailer Asos from 7.4% to 8.8% according to a shareholder update posted yesterday. Frasers is currently Asos’ fourth largest shareholder having originally increased its stake to over 5% back in October of last year. The news comes as the embattled…
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7 June
Sainsbury’s rolls out Nectar Prices across new categories
Sainsbury’s has announced that it is expanding Nectar Prices into new categories by introducing offers on dairy and bakery products for the first time. The scheme will now apply to a range of dairy products including Cathedral City mature cheese (usually £4.75, Nectar Price £2.75), Philadelphia cheese (usually £2.20, Nectar…
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7 June
M&S swaps ‘Use By’ with ‘Best Before’ dates on fresh milk
Marks and Spencer is swapping the ‘Use By’ dates with ‘Best Before’ ones across its RSPCA Assured Select Farms British and organic fresh milk in a bid to halve food waste by 2030. M&S is the first grocer to offer ‘Best Before’ labelling on fully recyclable milk bottles after having…
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7 June
Stitch Fix explores UK exit amid falling revenue in Q3
Stitch Fix is exploring the possibility of exiting the UK market in FY23, after its net revenue decreased 20% year-over-year to $394.9m (£316.7m) in the third quarter ended 29 April. According to Stitch Fix, since first entering the UK market in 2019, the macroeconomic environment and the group have changed. …
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7 June
UK consumers feeling cost-of-living more than EU counterparts, EY finds
Cost-of-living pressures have affected UK consumers more than their European counterparts, according to the latest EY UK Future Consumer Index. The 12th edition of EY’s survey of 1,000 UK consumers found that 62% of UK consumers say they are “extremely concerned” by the cost-of-living squeeze, compared with 50% in the…
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7 June
N Brown appoints new CFO
N Brown has named Dominic Appleton as its new chief financial officer, succeeding Rachel Izzard who has stepped down after three years. Appleton joined the Manchester-based clothing and footwear retailer as chief financial officer designate in March of this year and has now been appointed CFO and a board director…
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7 June
Boots CFO steps down
Boot’s chief financial officer Michael Snape has recently quit his role after five years in the position. Snape joined the pharmacy and beauty retailer in 2018 after holding senior positions at grocers, including Tesco. He will be replaced by existing Boots finance executive Sam Hunter. It is unclear whether Snape…
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7 June
Sainsbury’s CEO lands near £5m pay packet
The CEO of Sainsbury’s Simon Roberts received a pay packet of £4.95m last year in the form of cash and shares. The bulk of this award was a £1.7m bonus and £2.2m in share awards alongside Roberts’ £899,000 base pay, a 3.5% increase. Overall this figure of £4.95m was an…
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