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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Apr- 2023 -11 April
Tesco eyes supplier price cuts in bid to lead supermarket deflation
Tesco is reportedly set to push suppliers for price cuts as it looks to pass on lower prices to consumers and drive down food price inflation, according to The Sunday Times. The outlet cited Ged Futter, director at The Retail Mind, who claimed Tesco is trying to “lead the supermarket…
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11 April
Footfall surges 18.6% on Good Friday
Good Friday footfall (up to 5pm) has provided a welcome boost to retailers as it surged by 18.6% compared with the previous week, according to a new report by Springboard. The footfall in high streets was 26% higher than the previous Friday by 5pm and 8.5% higher than the week…
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11 April
Waitrose to launch Gail’s Bakery areas in 64 stores
Supermarket chain Waitrose has recently revealed it will add dedicated Gail’s Bakery areas in 64 of its shops in the South and East of England by May. Waitrose will also be doubling the range of Gail’s sourdough breads and other craft baked goods it stocks, adding new lines from crackers…
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11 April
UK retail sales jump 5.1% in March
Total retail sales in the UK were up 5.1% in March according to data from the British Retail Consortium and KPMG. This is above the three-month average growth of 4.8% and the 12-month average growth of 2.6% for the five weeks between 26 February and 1 April. Like-for-like retail sales…
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11 April
Poundstretcher eyes stock market listing
Poundtsretcher is reportedly eyeing a floatation on the stock market, The Mail On Sunday has reported. According to City sources, the discount retailer has hired advisers to explore a potential listing after the business welcomed strong sales during the pandemic. The Mail said it was “not yet clear” if the…
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10 April
Wilko collapses into administration, 12,000 jobs at risk
High street homeware retailer Wilko has collapsed into administration, putting around 12,000 jobs at risk. In an open letter confirming the news, CEO Mark Jackson said the business had left “no stone unturned” in an attempt to keep the business afloat but has conceded it has “no choice but to…
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6 April
Asos appoints two non-executive directors
Asos has announced the appointments of Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors. Laheij is currently Google’s senior finance director for Google EMEA, chair of the board of Google Payments Ltd. and audit chair of Vandemoortele. She has more than 25 years of experience in international…
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6 April
Cambridge-based investors Mark Reed and Rich Marsden acquires Ebuyer.com
Cambridge-based investor Mark Reed and industry veteran Rich Marsden have announced the acquisition of Ebuyer.com. The technology retailer, which is based in Goole, reported a £241m turnover in 2021 and employs more than 200 people. Previously owned by Wren Kitchens owner West Retail Group for 19 years, Ebuyer.com will move…
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6 April
Footfall falls 2.8% in March
March delivered an unexpected shock for retailers as footfall across all UK retail destinations dropped by -2.8% compared with February, according to the latest data from MRI Springboard. Springboard said it is the first month-on-month decline for March since it started publishing data in January 2009, except for 2018 (Beast…
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6 April
Battersea Power Station welcomes 5 million visitors since opening
Battersea Power Station has welcomed more than five million visitors and over 20 new shops, eateries and leisure venue openings since opening last October. New openings at the Grade II-listed building include Jigsaw, Under Armour, ME +EM, Kiehl’s, Hackett, IWC, Swatch, Reformation, Pinko, Bimba Y Lola, Theory, The North Face,…
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