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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Nov- 2022 -29 November
Ikea invests £12m in cost of living support package
Ikea has announced that it is investing £12m in a pay increase and wellbeing support package for staff across the UK and Ireland to support them during the cost-of-living crisis. Salaried staff will receive a pay rise of 6% on average, in line with the retailer’s commitment to paying a…
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29 November
EG group announces ‘resilient’ Q3 results
Asda owner EG group has announced a “resilient” set of results of the three months to 30 September 2022. The group announced that its EBITDA increased 10% to $470m (£391m) on a constant currency basis. EG opened 65 Asda ‘on the move’ convenience stores in the UK and Ireland which…
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29 November
Boohoo increases stake in Revolution Beauty
Boohoo has revealed that it recently increased its strategic investment into Revolution Beauty, with its direct interest hitting 26.47% of Revolution’s issued share capital. The retailer said its investment builds upon the existing relationship between the two groups, under which Revolution Beauty products are sold through several of Boohoo’s direct…
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29 November
Black Friday boosts footfall +9.3% YOY
Footfall was up +9.3% compared with 2021 across all UK retail destinations on Black Friday, according to the latest figures from Springboard. Shopping centres were the clear winner on Black Friday with a rise in footfall of +16.8%, followed by high streets (+11.3%) and then retail parks (+7.1%). However, despite…
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29 November
N Brown Group CFO to step down
N Brown Group has announced that Rachel Izzard has notified the board of her intention to step down as group chief financial officer. Izzard will be leaving the group to take up a career opportunity outside of the online fashion and consumer credit industry. The retailer said that “the process…
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29 November
Wilko MD steps down amid refinancing talks
Wilko has announced that its managing director Alison Hands is stepping down from her role, as she is set to take up a new role as CEO of Lincolnshire Co-op next year. It comes as The Grocer has reported that the high street retailer is in emergency talks with lenders…
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28 November
Retail sales plummet in November, CBI finds
Retailers saw their sales volumes plummet in the year to November, according to the CBI’s latest quarterly distributive trades survey, and a similar rate of decline is expected in December. Retail sales declined -19% in the year to November down from +18% in October. The CBI said a similar fall…
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28 November
Oxford Street to see 1m sq ft of retail spaces converted to offices
London’s Oxford Street is set to see 1.32 million sq ft of new office schemes proposed for delivery in the next five years, in a move that has been called a “generational change” by Savills. Analysis from Savills found that the extent of potential in the conversion of former retail…
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28 November
Amazon tax bill to rise by £29m next year
Amazon’s business rates are reportedly set to rise by around £28.75m next year, as next year’s business rates are set to heavily impact online retailers, according to new analysis from real estate advisor Altus Group. It warned that the online giant may be faced with paying £100m in extra tax…
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28 November
Revolution beauty announces new CEO
Multi-channel beauty company Revolution beauty has announced Bob Holt OBE as its new CEO. Holt has been interim CEO at the company since 14 October 2022 and has now officially taken the position full time effective immediately. He has more than 30 years of experience in senior leadership positions having…
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