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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Apr- 2023 -27 April
Frasers Group to unveil own version of Amazon Prime
Michael Murray, the chief executive of Frasers Group, has revealed at this year’s World Retail Congress in Barcelona that the group will be unveiling its own version of Amazon Prime, Retail Week has reported. The new membership scheme, which will be called ‘Frasers Plus’, would be a membership programme and…
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27 April
M&S invests £12.5m into London store estate
M&S is investing £12.5m into its stores across London in the coming year, in a move that will create 200 jobs and double the total new square footage secured across its store estate last year. Over the last year, the group invested £10.3m into London, creating 200 jobs, meaning the…
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26 April
Puma Q1 sales jump 14% to €2.2bn
Sportswear giant Puma has revealed its first quarter sales jumped 14% to €2.18bn (£1.93bn) boosted by strong sales in its EMEA region and a return to growth in China for the first time in two years. It said its sales performance was driven by a 28.8% increase in footwear sales…
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26 April
Tesco and M&S among first to join Compostable Coalition UK
Representatives from Tesco, Marks and Spencer and Ocado Retail are among the first to be named as Compostable Coalition UK advisory board members. Compostable Coalition UK has assembled the advisory board as part of its UK Research and Innovation funded ‘Closing the Loop for Compostable Packaging’ research project. Funded by…
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26 April
Screwfix to install defibrillators in all nationwide stores
Screwfix, the British retailer of trade tools, has partnered with the British Heart Foundation to install defibrillators in all of its stores in the UK and Ireland. This will make it the first trade retailer to roll out defibrillators on a mass scale. It’s estimated that tens of thousands of…
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26 April
John Lewis names first head of loyalty as it rolls out more rewards schemes
John Lewis Partnership has partnered with customer loyalty and marketing experts dunnhumby and Eagle Eye to create more benefits for customers, and also appointed the department retailer’s first ever head of loyalty, Emily Wells. The news comes as the company signalled its intent to invest in data and loyalty earlier…
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26 April
Pret A Manger hikes price of coffee subscription as it expands offering
Pret A Manger has increased its monthly coffee subscription by 20% to £30 per month and expanded it to include a discount on all of its freshly made food, snacks and drinks. It said existing coffee subscribers will automatically become part of ‘Club Pret’ and their current monthly price of…
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26 April
Majestic makes ‘biggest investment ever’ in staff pay
Majestic, the specialist wine retailer, has revealed it has made its “biggest ever investment” in colleague pay to recognise the “expertise and experience” of its store teams. All store colleagues have been awarded a basic pay increase that takes their hourly rate to at least £10.60, ahead of the National…
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26 April
New Look axes further head office roles
Four department head roles have reportedly been made redundant at New Look, a month after reports first emerged that 70 head office roles were at risk, according to Drapers. Senior e-commerce trade manager Michelle Dobson, head of accessories, beauty and lifestyle buying Faye Walton, head of IT delivery Pete Mead…
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26 April
Card Factory acquires SA Greetings for £2.5m
Card Factory, the UK’s specialist retailer of greeting cards, has announced it has acquired the entire share capital of SA Greetings Corporation and its subsidiaries, SA Greetings, for £2.5m. With its head office located in Johannesburg, SA Greetings is the leading wholesaler of greeting cards and gift packaging in South…
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