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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Feb- 2023 -22 February
Asda and Morrisons ration fruit and veg amid supply shortages
Asda and Morrisons have restricted the amount of certain fruit and vegetables that customers can purchase amid ongoing supply shortages for fresh produce. Asda has limited tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries to three of each item per customer. Similarly, Morrisons said it would introduce a…
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21 February
Wilko unveils new leadership team
Wilko’s new CEO Mark Jackson has announced a new senior leadership team which forms part of its plan to stabilise the business and “accelerate” its turnaround. The group has appointed Dave Murphy, currently group finance director, as its new CFO replacing Karen Mackay, who has resigned from the company and…
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21 February
Tesco gives staff third pay rise in 10 months
Tesco has announced that it has agreed to raise its staff’s hourly wages by 72p from £10.30 to £11.02. This represents the third pay increase given out by the supermarket in the last 10 months and an investment of more than £230m. The combined investment in hourly pay over the…
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21 February
Marks & Spencer launches The Sport Edit following acquisition
Marks & Spencer has launched The Sports Edit on M&S.com, following the acquisition of the sports platform at the beginning of 2022. The new sportswear collection will include more than 200 sportswear and apparel products across women’s activewear and apparel from third-party brands including Beyond Yoga, FP Movement, Girlfriend Collective…
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21 February
Asda appoints new chief customer officer
Asda has announced the appointment of David Hills as the retailer’s new chief customer officer. The current acting CCO, Sam Dickinson, will continue in the role until Hills arrives. Currently, Hills is the current group director of marketing and communications at Aldi. He joined the discounter in 2007 where he…
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21 February
Shein targets huge revenue growth ahead of IPO
Shein has reportedly set plans to nearly double its revenue to almost $60bn ($50bn) by 2025, whilst telling investors it is readying for an IPO later this year. According to a presentation seen by the Financial Times, the online fashion group said it was targeting full-year revenues of $58.5bn (£48.8bn)…
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20 February
Aldi eyes London store estate expansion
Aldi has announced it is looking to increase its presence in London and around the M25 as part of a multi-million pound expansion plan. The supermarket has pledged to almost double its 60-strong estate within the M25 and create around 2,400 jobs. Aldi currently has more than 990 stores across…
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20 February
Nearly 15,000 retail jobs lost in 2023
Nearly 15,000 retail jobs have been lost since the start of the year, according to new data from the Centre for Retail Research. It found that 14,874 jobs have been lost as a result of either administration or cost cutting because of the cost of living crisis. Over 11,000 jobs…
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20 February
Amazon to ask workers to return to office
Amazon has announced that it will be asking its staff to return to the office for at least three days per week, effective 1 May. In a letter to staff, CEO Andy Jassy said the decision was made at a s-team meeting last week. He said that “for a number…
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20 February
Tesco explores sale of banking arm
Tesco is reportedly set to launch a review of its banking arm which could lead to the sale of the business. According to Sky News, the supermarket giant is drafting in Goldman Sachs to help advise on the future of Tesco Bank. Sources told Sky that the review was at…
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