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 -14 October
Marks & Spencer considers moving head office from London
Marks and Spencer is considering the prospect of leaving and downsizing its central London head office, according to Retail Week. The department store‘s chief executive Stuart Machin reportedly raised the possibility at this week’s investor day during a presentation, where he questioned the need for large central London offices. He…
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14 October
Boots sales surpass pre-pandemic levels in FY22
Boots has seen retail sales exceed pre-pandemic levels as it delivered strong growth for Q4 and the full year ending 31 August 2022. The group said its performance “significantly” contributed to a 65% increase in full year adjusted operating income for WBA International. Its sales results in the period were…
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14 October
Revolution Beauty CEO and exec chair stand down amid audit investigation
Revolution Beauty has announced that its executive chairman, Tom Allsworth, and chief executive, Adam Minto, have both voluntarily agreed to step away from the day-to-day management of the business for the time being. The company said the decision has been made to allow them to support the independent investigation being…
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13 October
MySale asks shareholders to accept Frasers offer
The board of MySale has asked its shareholders to accept Frasers Group takeover offer despite it “unanimously believing” that it undervalues the company. The news comes after Frasers made a cash offer by Frasers for the entire issued and to be issued ordinary share capital of MySale, at 2 pence…
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13 October
Frasers eyes new Midlands global HQ
Sports Direct could quit its current Derbyshire headquarters amid plans from its parent company Frasers to create a new global HQ in the West Midlands, according to the BBC. The Shirebrook site was sold in 2019 but Sports Direct’s lease runs to 2034. The group, which also runs Flannels and…
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13 October
JD Sports CFO to step down next year
JD Sports has announced that Neil Greenhalgh will step down from his role as chief financial officer (CFO) next year. The Nominations Committee, led by Andy Higginson, will now begin a process to recruit his successor. According to the group, Greenhalgh is committed to assist in this process to help…
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13 October
Boohoo CIO exits business after three years
Boohoo’s chief information officer (CIO), Jo Graham, has announced her departure from the business after three and a half years in the role. Yesterday (12 October) was her last day, and Graham said she is going to take time off before pursuing a new role. Previously, Graham was a technology…
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13 October
Lidl to trial on-shelf smart refills to help customers save money
Lidl has become the first supermarket in the UK that gives customers access to an on-shelf smart refill machine with ‘smart’ pouches for their laundry detergent, which will feature in Lidl’s Swadlincote, Lichfield and Kingswinford stores. The news of this trial is said to meet Lidl’s commitment to being “big…
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12 October
Poundland owner sees revenues rise 17.4% in FY22
Pepco Group, the parent company of Poundland, has revealed an increase in the group’s full year revenues of 17.4% on a constant currency basis to €4.8bn (£4.2bn) for the financial year ending 30 September 2022. Poundland experienced a “strong” like-for-like full-year growth of 5.2%, as the discount goods brand increased…
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12 October
Yoox Net-a-Porter announces interim CEO
Yoox Net-a-Porter has announced it has appointed Alison Loehnis as interim CEO, effective 31 October 2022, replacing Geoffroy Lefebvre who has decided to step down to pursue a private equity-backed entrepreneurial career outside of Richemont after 11 years with the group. Loehnis is currently president of the company, having joined…
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