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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Dec- 2022 -9 December
Gymshark appoints Laura Hagan as CPO
Gymshark, the fitness community and apparel brand, has revealed Laura Hagan is to join the firm in January 2023 as its new chief people officer (CPO). Hagan is the latest in a recent spate of senior appointments at Gymshark, following Mat Dunn joining from Asos as CFO, John Douglas joining…
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9 December
Morrisons agrees £220m warehouse deal
Morrisons has agreed to a £220m sale and leaseback deal with asset management firm, Intermediate Capital Group, which also includes contracts for seven of its distribution warehouses for up to 25 years. According to The Times, Morrisons will be converting McColl’s stores into its own convenience store format, Morrisons Daily. …
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9 December
ProCook projects ‘weaker than anticipated’ F23 performance
ProCook Group has announced that it expects its full-year revenues for FY23 to be between £60m – £65m, marking a “weaker sales performance than anticipated”. The update comes after its Black Friday trading saw “softer consumer demand driven by the challenging consumer environment”. The combination of the continued softer year…
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9 December
Former Greggs CEO assumes new role on Card Factory board
Card Factory has announced that Roger Whiteside, the former CEO of Greggs, will assume the role of senior independent non-executive director on the group’s board next year. In a further change to the board, Indira Thambiah will be appointed chair of the Remuneration Committee, with effect from 1 February 2023.…
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8 December
THG partners with Bynder for new digital asset management platform
THG Ingenuity, THG’s proprietary technology platform specialising in taking brands direct-to-consumers (DTC) globally has partnered with Bynder, a global leader in digital asset management (DAM). The partnership will support THG Ingenuity clients in delivering personalised digital experiences at scale across all stages of a multi-channel buyer journey. Brands can now…
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8 December
In The Style CEO steps down as strategic review launched
In The Style CEO Sam Perkins has announced that he is stepping down from his position at the company. The company’s founder Adam Frisby will replace Perkins as CEO on an interim basis. He led the group as CEO for nine years until January 2022. The fashion retailer also announced…
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8 December
The Body Shop global retail director steps down
The Body Shop global retail director Linda Campbell has stepped down from the health and beauty retailer, according to Retail Week. She is understood to have left the ethical beauty specialist at the end of November, despite taking up the position at the start of the year. Campbell joined The…
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8 December
Prada eyes new CEO amid leadership reshuffle
Italian luxury fashion house Prada is reportedly looking to recommend Andrea Guerra, the former CEO of Luxottica, as the new group CEO at the next board meeting on 26 January 2023. This was triggered by co-CEOs Miuccia Prada and Patrizio Bertelli’s decisions to step down from their roles. However, Miuccia…
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8 December
Acquisitions boost Frasers profits by 53%
Frasers has welcomed a strong performance in its half-year results, with pre-tax profits soaring 53% to £284.6m, as sales were boosted by a series of acquisitions over the period. Total revenues across the group rose by 12.7% to £2.6bn in the period ended 23 October 2022, as the group continued…
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7 December
Inventory planner helps mom-of-three raise America’s fastest growing baby brand
Forget the terrible twos – for most baby and toddler brands, the last five years have been a struggle. More than 3,000 stores that primarily sell baby products and children’s apparel have run into major trouble or permanently closed since 2017, including baby and children’s clothing retailer Gymboree and Babies…
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