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- 2025 -28 April
Shein rises prices by up to 377% for US consumers ahead of tariffs
Fast fashion retailer Shein has increased its prices by up to 377% on certain products in the US in response to the upcoming impact of Trump’s tariff war. Bloomberg data found that price increases for US consumers came into effect on Friday (25, April 2025) with markups varying significantly from…
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28 April
Lidl to invest £500m in store expansion
Lidl has announced that it is set to open more than 40 new stores across the country, investing £500m in the process. The supermarket has published its 2025 site requirements brochure, outlining hundreds of potential locations for new stores, including high streets, retail parks, and mixed-use town centre sites. The…
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28 April
Deliveroo CEO set for £172m payout from DoorDash takeover deal
Deliveroo co-founder and chief executive Will Shu could receive a £172m payout if the board approves a £2.7bn bid deal from DoorDash, The Times has revealed. The UK delivery company announced on Friday (25 April) that it had received a takeover proposal from the larger American rival at a price…
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28 April
Hilco Capital and Endless table offers for Poundland
Several potential buyers have reportedly tabled their offers to acquire Poundland, after the retailer has been hit by struggling sales and mounting losses in recent months. According to Sky News, Hilco Capital and turnaround investor Endless both set forth their respective proposal offers on Friday (25 April) ahead of a…
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28 April
Asda co-owner Mohsin Issa steps down as EG Group CEO
EG Group has announced that co-founder Mohsin Issa will step down as chief executive, with current group chief financial officer, Russell Colaco, taking over the role. Issa will, however, retain a “substantial” minority shareholding and remain on EG’s board as a non-executive director of the business. Colaco, who joined the…
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25 April
Today’s news in brief-25/4/25
The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been serving as interim CFO since last autumn, brings 13 years of experience within the business, including roles as Group Finance and Strategy director. A chartered accountant with prior experience at…
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25 April
M&S halts online orders amid cyber attack fallout
Marks and Spencer has paused all online orders through both its website and apps following a cyber attack that hit the retailer last week. In a statement the group said it was “truly sorry for the inconvenience”, and had taken the measure as part of “proactive management”. A statement on…
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25 April
Hobbycraft set to close nine stores
Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led by new owners Modella Capital, it confirmed to the BBC. The restructuring will also result in redundancies across its Bournemouth head office and distribution centre in Burton-on-Trent but it has…
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25 April
John Lewis Partnership appoints new CFO
The John Lewis Partnership has announced that Andy Mounsey has been appointed as chief financial officer. Mounsey will take up the permanent role with immediate effect, having held the CFO position on an interim basis since the autumn. Mounsey, who previously held the position of the Partnership’s Group Finance and…
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25 April
Topshop to return to high streets through wholesale partners
Asos has signed agreements with a selection of wholesale partners to put Topshop back on the high street, the group has confirmed in its financial results released yesterday (24 April). While these deals will bring the brand back to brick-and-mortar retailers, Asos is still prioritising the relaunch of a standalone…
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