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 -6 April
THG signs 10-year partnership with Maximo Group
THG PLC has announced a new partnership with beauty e-commerce retailer Maximo Group, home to sites including All Beauty and Fragrance Direct. The 10-year partnership will initially focus on re-platforming the sites to the Ingenuity platform, as part of Maximo’s strategic growth plans. THG Ingenuity will also become Maximo’s key…
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6 April
Cerruti 1881 and Kent and Curwen acquired for £83m
Biem.L.Fdlkk Garment, a Chinese golf clothing brand, has acquired French fashion label Cerruti 1881 and British menswear brand Kent and Curwen for a total of €95m (£83m), according to WWD coverage. It is reported that the Chinese manufacturer paid the equivalent of £50m for the trademark rights of Cerruti 1881…
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5 April
Screwfix to open 85 new stores in 2023
Screwfix, the omn-ichannel retailer, has announced plans to open up to 85 new stores across the UK, Ireland and France by the end of January 2024, creating more than 800 jobs in local communities. The announcement follows a record year of store openings in 2022, including its first five stores…
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5 April
Topps Tiles revenues hit ‘record’ high in H1
Topps Tiles has welcomed a period of “record” revenues for the group in the first half of the year, with revenues of £130.5m, £11.3m or 9.5% higher than the prior year. Around £9m of its revenue growth in the period was attributed to the acquisition of Pro Tiler Tools and…
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5 April
Co-op profits hit £247m but warns on future impact of inflation
Co-op has seen its revenues surge £300m to £11.5bn, up from £11.2bn, for the year ended 31 December 2022. Alongside this the company posted a pre-tax underlying profit of £247m up from £57m in 2021. Furthermore, the retailer maintained the same underlying profit number of £100m compared with last year.…
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5 April
Apparel Brands acquires streetwear label Nicce
Apparel Brands Ltd has acquired East London-based streetwear brand Nicce. It will take on the licence for Nicce clothing across wholesale and e-commerce. The streetwear brand said that with Apparel Brands support and guidance, Nicce will focus on “strengthening its wholesale business and accelerating e-commerce and international growth”. Meanwhile, following…
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5 April
Apple to cut corporate retail jobs
Apple is reportedly set to axe a “very small” number of roles within its corporate retail teams in a bid to streamline operations, Bloomberg has reported. The news is said to come from people close to the company and it is understood that currently it is unclear how many roles…
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5 April
N Brown appoints former Hobbs CEO to board
N Brown Group has recently confirmed the appointment of Meg Lustman as an independent non-executive director. Lustman, who is a former Hobbs chief executive, has 35 years of experience in the retail industry. She held senior positions at many of the UK’s leading fashion retailers as well as having spent…
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4 April
Supermarket till value sales rise to 11.5% in March
As food inflation in March soared to 15%1, total till value sales rose to 11.5% in the last four weeks ending 25 March, up from 11.1% in February, according to new data from NIQ. UK supermarkets experienced a 7% increase in shopping visits to stores, with a 13% uplift in…
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4 April
Varley opens first European store on King’s Road
Athleisure brand Varley is set to open its first ever European store this summer, with a new flagship site on the King’s Road in London. The store has been signed on a five-year lease and will span 2,203 sq. ft in a prominent position on the King’s Road, alongside nearby…
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