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 -7 June
Asos suppliers cut ties amid falling profits
Suppliers to Asos have reportedly started cutting ties with the online retailer after credit insurers withdrew cover amid concerns over its declining profits, The Times has reported. It comes as the group fell off the FTSE 250 index last week, only weeks after it reported a fall in half-year profits…
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7 June
Zara owner Inditex Q1 sales up by 13% to €7.6bn
Zara owner Inditex has revealed that sales grew 13% in the first three months of 2023 to reach €7.6bn (£6.5bn), as its Spring/Summer collections have been “very well received” by customers. The group reports that sales were also positive in all of its geographical areas and in all brands, with…
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6 June
Aldi crowned cheapest supermarket for the 12th month in a row
Aldi has been named the UK’s cheapest supermarket in May by Which? for the 12th consecutive month. The consumer champion’s analysis, which involves comparing the average prices of a shop consisting of popular groceries at eight of the UK’s biggest supermarkets, found that Aldi shoppers could save over £18 on…
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6 June
Taxpayer money spent on Amazon hits ‘record-breaking’ £222m
Taxpayer cash spent on Amazon hit a “record-breaking” £222m last year, according to a new report commissioned by GMB Union. The amount of central government, local government and NHS money spent on the internet giant in the calendar year 2022 rose by 69% against the prior year, reaching the highest…
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6 June
Central Co-op to become a ‘Fertility Friendly’ employer
Central Co-op has partnered with the social enterprise educational training provider Fertility Matters at Work, as it works towards becoming a Fertility Friendly employer. The training provider aims to implement policy-backed best practices when supporting colleagues experiencing fertility challenges. In addition to undertaking the training provided by Fertility Matters at…
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6 June
Boots among companies hit by cyber attack
Boots is one of a number of major companies including the BBC and British Airways that has been bit by a cyber attack believed to have been orchestrated by a Russian-speaking criminal gang. Reports suggest the hackers targeted software called MOVEit used by payroll provider Zellis. According to The Telegraph,…
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6 June
Image Skincare appoints new CEO
Image Skincare has appointed Sennen Pamich, former president of Wella Company Americas, as CEO, effective May 2023. Pamich brings more than 30 years of experience in the consumer packaged and luxury goods industries to Image, as well as a long track record of success scaling private-equity-backed and omni-channel businesses. Prior…
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6 June
Pepco profits dip despite revenue surge
Pepco has reported a 6% decrease in profit before tax from €144m (£124m) down to €134m (£115m) during the six months ended 31 March 2023. Despite this the company saw a 22% increase in its revenue from €2.4bn (£2.07bn) to €2.8bn (£2.41bn) on a constant currency basis. The retailer put…
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6 June
Wolverine Worldwide makes three new leadership appointments
Wolverine Worldwide, which operates one of the world’s largest portfolios of lifestyle and footwear brands, has announced several senior leadership appointments to help drive future growth and accelerate its global brand-building efforts. The company is naming Chris Hufnagel president of Wolverine Worldwide, responsible for leading and driving strategy across the…
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6 June
Retail sales slow despite bank holiday boost
The ONS has reported that UK total retail sales increased by 3.9% in the four weeks between 30 April and 27 May, yet were still below the three-month average growth of 4.7% despite three bank holidays taking place in one month. However, May retail sales improved upon a 1.1% decline…
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