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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Oct- 2022 -20 October
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
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20 October
Travis Perkins Q3 sales jump 10%
Travis Perkins has revealed it delivered a resilient third quarter trading performance with total sales growth of 10.7% and like-for-like sales growth of 7.4%. It added the Merchanting businesses “continued to outperform their markets”, delivering total sales growth of 11.5% with trading performance remaining consistent throughout the quarter. Travis Perkins…
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20 October
Dunelm sales down 8% in Q1
Homewares retailer Dunelm has revealed that its sales were down by 8% to £357m in the 13-week period ended 1 October 2022, as the cost of living crisis impacted demand in the period. The retailer said this result was “robust” in the face of a strong comparative period, as last…
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20 October
Naked Wines axes roles in plan to ‘pivot to profit’
Naked Wines has made around 6% of its workforce redundant as part of a raft of measures to help the business “pivot to profit” and reset its cost base after weaker demand hit its profitability. It comes after investment into inventory spending and adding to its cost base did not…
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20 October
Wilko calls in advisers amid cost-cutting measures
Wilko has reportedly drafted in Teneo as advisors as the retailer seeks to cut costs across the business amid the cost-of-living crisis, according to Retail Week. Wilko is reportedly mulling potential cost-cutting and restructuring options as it seeks to shore up its balance sheet. Rising inflation, shipment delays and store…
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20 October
Burberry raises staff pay six months early
Burberry has announced it has brought forward the implementation of new UK real Living Wage pay rates for its staff as defined by the Living Wage Foundation by more than six months. Burberry has implemented the increased rates from 1 October 2022, ahead of the deadline set by the Living…
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19 October
Asda announces plans to open new express stores
Asda has announced plans to open its first two standalone convenience stores before Christmas under a new ‘Asda Express’ brand. The Asda Express stores will open at Sutton Coldfield on 8 November and Tottenham Hale, London, on 6 December. Asda plans to launch a further 30 sites, creating about 500…
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19 October
Booths sales rise 4.4% in FY22
Booths has reported an overall sales improvement of 4.4% (£12.6m) to £296.7m in its full year results to 2 April 2022. Profit before tax rose by £1.1m to £3m, up from £1.9m the prior year, while EBITDA increased by £1.4m to £13.3m compared to £11.9m in 2021. The group’s trading…
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19 October
N Brown chief brand officer exits amid company shakeup
N Brown Group’s chief brand officer, Kenyatte Nelson, has left the company as part of a wider streamlining of the business. As first reported by Drapers, the group said that a core tenet of its strategy is the simplification of the business, and the executive team is no exception. As…
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19 October
Rising food prices push inflation back to 10.1%
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
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