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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May- 2023 -24 May
Barbour names UK&I managing director
Barbour has announced the promotion of Paul Wilkinson, the brand’s global marketing, commercial and managing director in the US, as the new managing director for the UK and Ireland, according to Drapers. Wilkinson replaces Ryan Llewellyn-Pace, who departed the brand earlier this March. According to Drapers, Llewellyn-Pace will be heading…
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24 May
Lidl increases pay for third time in 12 months
Lidl GB has announced its third pay rate increase in 12 months which will impact all of its 24,500 hourly-paid colleagues. The latest raise will see colleagues earn up to 16% more than their counterparts at “traditional” and “premium” priced supermarkets. Store and warehouse colleagues working outside the M25 will…
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24 May
Kingfisher Q1 sales hit £3.3bn
Kingfisher has revealed that it has posted £3.3bn in sales for the three months to 30 April 2023, an increase of 0.8% year on year. The B&Q and Screwfix owner stated that 18% of sales were affected by poor weather conditions in the spring causing a like for like decrease…
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23 May
Next staff secure ‘significant’ win in equal pay battle
More than 2,000 Next store staff who are taking legal action against the group for equal pay have won the second stage in their legal battle, which has ruled that their jobs are equal to warehouse jobs within the group. The store staff, who are all current or former sales…
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23 May
Aldi crowned Drink Awards ‘Multiple Retailer of the Year’
Supermarket chain Aldi has recently been crowned ‘Multiple Retailer of the Year’ at the Drinks Business Awards. The result, announce at the London Wine Fair, comes after a strong year of innovation for Aldi, with a focus on strengthening its range of homegrown wines, doubling the number of low and…
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23 May
Morrison rolls out new loyalty programme
Morrisons has announced the nationwide rollout of its new Morrisons More Card loyalty programme, which also includes the return of the popular ‘Morrisons Fivers’. As well as the loyalty scheme, the supermarket group is also reviving its “more reasons to shop at Morrisons” strapline, which was introduced in Sir Ken…
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23 May
Mike Ashley set for Mulberry boardroom showdown
Mike Ashley could be set for a boardroom showdown with the majority shareholder at Mulberry, according to reports from The Telegraph. The outlet reported that Frasers owner Ashely has recently requested a voice in the boardroom at the luxury fashion retailer after senior members at Frasers met Mulberry chairman Chris…
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23 May
Topps Tiles HY profits drop despite record sales
Topps Tiles has seen its profit before tax drop to £1.7m compared with £5.6m in the same period last year, for the 26 weeks ended 1 April 2023. This profit drop comes despite the company posting £130.3m in sales, a record for a six-month period and an increase of 9.3%…
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23 May
Alex Marsh steps down as Klarna UK head
Klarna’s UK head, Alex Marsh, has announced that he is stepping down from the Swedish buy-now-pay-later (BNPL) company. Marsh resigns from his position after four and a half years of service. Marsh joined Klarna as the chief financial officer in 2019 and co-founded non-profit organisation Chaterpath in January 2020. Marsh…
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23 May
Asos launches first ever rental edit with Hirestreet
Asos has launched its first ever rental collection in partnership with UK rental marketplace Hirestreet. Available from today (23 May), the edit includes over 180 styles focused on women’s occasionwear dressing. Selected from Asos’ own brands, Asos Design, Asos Edition and Asos Luxe, the edit features wedding-guest outfits, bridal looks…
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