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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Feb- 2023 -8 February
Sainsbury’s unveils Black founder-led brands amid £1m incubator success
Sainsbury’s has announced the first three Black founder-led brands to be hitting shelves this year after being selected to take part in Thrive with Sainsbury’s – its £1m incubator programme. Sainsbury’s launched Thrive with Sainsbury’s last summer – a free 16-week programme with a £1m commitment to supporting Black founder-led…
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8 February
Wilko launches click-and-collect in UK stores
Wilko has launched a click-and-collect service that will be available in all of its UK stores. The introduction of this service comes as the company wants to find new ways to make it easier for customers to shop for the items they need. According to Wilko, the new service will…
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7 February
Victorian Plumbing appoints new CFO
Victorian Plumbing Group has revealed that Paul Meehan, the group’s chief financial officer, is set to step down and will be replaced by group director of finance Daniel Barton. Victorian Plumbing said that Meehans advised the board that he wishes to step down from his role on 31 March 2023…
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7 February
Crew Clothing to open 40 brick-and-mortar stores by 2025
Crew Clothing has plans to open 40 new brick-and-mortar stores by 2025 across market towns and coastal resorts in the UK, according to The Times. The group’s decision to expand its portfolio of in-person stores comes as it recovered post-pandemic, as it revealed that online and store sales both increased…
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7 February
Jan retail sales rise 4.2% but fall YOY
Total retail sales in the UK rose 4.2% in January, a marked drop off when compared with the same period in 2022 when sales rose 11.9%, according to the latest data from the BRC-KPMG retail sales monitor. The 4.2% increase is below the three month rolling average of 5.2% but…
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7 February
Credit insurer pulls cover for Iceland’s suppliers amid rising costs
A leading credit insurer has cut its cover on suppliers to Iceland as the supermarket faces growing pressure amid the rise in energy costs. According to the Times, Coface has reportedly pulled its cover on Iceland to zero, following on from Allianz Trade and Atradius who also cut their coverage…
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7 February
Grocery sales rise 7.6% due to food price inflation
Total till grocery sales rose by 7.6% in the four week period to January 28, but this was due to an increase in food price inflation, which reached new highs of 13.8% in January, according to the latest data by NielsenIQ. This decline in shopper spend is reflected in the…
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6 February
Aldi to donate £1m in apprenticeship funding to SMEs
Aldi is set to donate £1m to small and medium-sized businesses in 2023, to help fund local apprenticeship schemes across the country. Aldi has donated over £1.7m of levy funding to date, including to nationwide not-for-profit Management Development Services (MDS), which offers leadership training opportunities in the food supply industry.…
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6 February
Amazon to sublet UK warehouses as growth slows
Amazon is reportedly planning to sublet its empty warehouses across the UK, as it has continued to halt growth plans after its full-year profits halved to $12.2bn (£9.9bn) in FY22. According to the Telegraph, Amazon has started subletting unused warehouse space across the country, despite estimations it opened hundreds of…
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6 February
Mike Ashley eyes two shopping centres in £100m deal
Mike Ashley has lined up a £100m acquisition of two shopping centres, according to The Times. Frasers Group is in advanced talks to buy the Overgate centre in Dundee for £30m, along with The Mall in Luton in a £70m deal. The Overgate centre is currently owned by Legal and…
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