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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Aug- 2022 -24 August
Card Factory appoints non-executive director
Card Factory has announced the appointment of Indira Thambiah as non-executive director, effective 1 September 2022. Thambiah has been appointed a member of each of the company’s remuneration committee, audit and risk committee and nomination committee. She is an experienced multi-channel retail executive and consultant, with previous roles including head…
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23 August
M&S strengthens womenswear team with two appointments
Marks and Spencer has welcomed Emma Fox as its new head of buying for womenswear and will join in October later this year. Fox will report to Maddy Evans who was promoted to director of womenswear earlier this year. She joins from The White Company where she was head of…
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23 August
Grocery sales jump 4.5% as convenience stores boost performance
Total till grocery sales remained strong in July with a growth of +4.5% as UK shoppers spent £3.6bn on groceries at convenience stores in the last four weeks ending 13 August, according to the latest data from NielsenIQ. Convenience store sales accounted for 28.9% of sales within this period and…
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23 August
Frasers to open 3 new Flannels flagship stores
Frasers Group has announced plans for three more Flannels flagship stores, which will see it open stores in Leeds, Cardiff, and Gateshead all upwards of 80,000 sq. ft in size. The announcement closely follows the opening of Flannels’ Liverpool flagship, which is the largest store opening to date and, largest…
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23 August
Adidas CEO Kasper Rorsted to step down in 2023
Adidas AG has announced that it has initiated a CEO transition as its current chief executive, Kasper Rorsted, will step down and hand over the position in 2023 in order to “pave the way for a restart”. The search for a succession has started, and Rorsted will remain CEO until…
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23 August
Made.com director steps down as group mulls equity raise
Made.com has announced that one of its senior directors, Gwyn Burr, has stepped down from the board with immediate effect, amid reports the group is looking to shore up its cash reserves through a fresh equity raise. Burr cited her reason for leaving as “a need for her to give…
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23 August
Mulberry chairman Godfrey Davis to step down
Mulberry has announced that its chairman, Godfrey Davis, intends to step down from the board of directors on 30 September 2022. The board said it would “like to put on record” its thanks for his outstanding contribution. Davis has been with the company since joining in 1987, first as a…
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22 August
Felixstowe Port strike could lead to £700m hit to trade
The upcoming eight day strike at Felixstowe Port could disrupt trade worth up to £700m, experts have warned. According to The Times, experts have said that the strike – which includes 1,900 dockworkers, could disrupt supplies to the nation’s supermarkets and exports from firms from now until Christmas. The outlet…
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22 August
Amazon Fresh rollout put on pause
Amazon has reportedly paused its plans to expand its checkout-free convenience stores, according to The Times, amid weaker sales and the current economic outlook. The Times claims the retail giant has “walked away” from talks on “dozens” of sites for its Amazon Fresh stores, whilst calling off a search for…
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22 August
M&S rejects complaints for Oxford Street redevelopment
Marks and Spencer (M&S) has reportedly addressed complaints surrounding its Oxford Street redevelopment plans by pledging that 95% of the materials in the existing Marble Arch building will be recovered, recycled or reused, amid opposition to plans to flatten the shop. According to the Guardian, the retailer has promised that…
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