News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Sep- 2022 -7 September
Ocado Retail names Hannah Gibson as CEO
Ocado Retail Limited has unveiled the appointment of Hannah Gibson as its new CEO, effective from 20 September. Having spent more than 10 years at Ocado Group, Ocado said Gibson brings “extensive experience” from a range of senior customer, commercial and technology roles. She is currently chief product officer for…
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7 September
Selfridges’ new owners to redevelop Oxford Street space
Selfridges’ new owners, Central Group and Signa Holding, have announced that a redevelopment of the “underutilised” hotel, car park and mews at Selfridges Oxford Street is being assessed to create additional value. Several store transformation programmes and new developments are ongoing in multiple countries. Central Group said that store transformation…
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7 September
Halfords revenue up 9.2% as group targets £75m profit in FY23
Halfords has revealed a total revenue growth of 9.2% against the prior year in the 20-weeks ended 19 August 2022. Total revenue was also up by 30.3% against FY20, with all segments showing a like-for-like growth over three years. Against FY20, revenue at its autocentres increased by 28.2%, while retail…
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7 September
WH Smith buoyed by travel as high street sales take hit
WH Smith expects that full-year trading will be in line with expectations in FY22, as a rebound in its travel business helped mitigate weaker sales across the high street. Total revenue surpassed 2019 levels at 112% in the half-year ended 27 August 2022, while Travel was “comfortably in excess of…
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7 September
Sony announces new product manager for BRAVIA portfolio
Sony has announced Christopher Mullins as its new product manager for the professional Bravia portfolio. He will lead Sony’s campaign in Europe to deliver new partnerships with key solution providers and expand Sony’s presence in its core corporate, education and retail markets. Mullins has been with Sony since 2008 joining…
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7 September
Boots set to launch online marketplace in spring 2023
Boots has announced it is set to launch a new online marketplace for third-party brands into its digital offering and extend the range of products available on boots.com. The marketplace is due to launch in spring 2023 and will allow brands of any size business to list its products on…
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6 September
St James Quarter adds Cos and Neom to offering
St James Quarter, the 1.7 million sq ft retail-led lifestyle district in Edinburgh, has announced it has signed deals to lease a collective 8,084 sq ft to fashion and wellness brands Cos and Neom. Cos has picked the lifestyle quarter as the location for its new Scotland store, which will…
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6 September
Unbound Group CFO to step down
Unbound Group has announced that chief financial officer (CFO), Dan Lampard, will step down from the role and the board, effective 1 October 2022, to take up the position of CFO with another business. In his place, Gavin Manson, currently a non-executive director of the company, will take over as…
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6 September
WNU receives B Corp certification
WNU has announced that it has achieved B Corp certification, commiting to a “continuous improvement process” on its commitment to environmental and social actions. B Corp is one of the most demanding certifications that evaluates brands’ social and environmental impact, with over 300 questions on governance, workers, communities and impact…
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6 September
Retailers call for strong leadership and high street support from new PM
The retail industry has urged Liz Truss to work alongside the sector and provide “strong leadership” amid the deepening cost-of-living crisis, as she succeeds the role of prime minister today (6 September). The British Retail Consortium (BRC) said that while the retail industry is ready to work with the new…
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