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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Sep- 2022 -14 September
Dunelm reveals FY profits surged 34.9% to £212m
Dunelm has revealed its profit before tax for the 53 weeks to 2 July 2022 has risen 34.9% to £212.8m from the same period in FY21. Total sales reached £1.5bn, up 18.4% YOY, while diluted earnings per share rose 32.9% to 83.6p. Among the highlights were a homewares market share…
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14 September
JD Sports confirms committee board changes
JD Sports Fashion has announced a number of significant senior appointments and the reshuffling of its committees. The group has appointed Andrew Higginson as chair of the Nominations Committee and Suzi Williams as chair of its Remuneration Committee. It has also announced the creation of a new Disclosure Committee chaired…
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13 September
Unemployment falls to lowest level since 1974
Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the three months to July, according to the latest figures from the Office for National Statistics (ONS). The ONS also found that while unemployment fell there was also a decrease in the employment rate, while the…
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13 September
John Lewis, Primark, Aldi to shut stores all day for Queen’s funeral
A number of retailers have confirmed they will shut all of their stores on the day of Queen’s funeral on 19 September as a mark of respect. Retailers including John Lewis, Homebase, WH Smith, B&Q, Primark, Tesco, Sainsbury’s, Argos, Ikea, Poundland and grocers Aldi and Sainsbury’s will shut all of…
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13 September
Land’s End appoints new CEO
Classic American lifestyle brand, Land’s End, has announced the appointment of Andrew McLean as the group’s new CEO. The news comes as Jerome Griffith, the brand’s current CEO, will be retiring from his role on 27 January 2023. Griffith will reportedly continue to serve as a director and will become…
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13 September
Aldi becomes Britain’s fourth largest supermarket as inflation hits
For the first time ever, Aldi has become Britain’s fourth largest supermarket, as discount grocers continue to benefit from customers who are managing their budgets amid rising inflation. According to new figures from Kantar, Aldi’s sales rose by 18.7% over the 12 weeks to 4 September 2022, reaching a 9.3%…
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13 September
Ocado lowers outlook as customers cut back
Ocado Retail Ltd has lowered its outlook for FY22 as revenue growth in Q4 is not expected to generate full-year growth year-on-year as customers are buying smaller baskets and trading down in response to inflationary pressures. The group now expects to see a small sales decline in FY22 and close…
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13 September
Hotel Chocolat closes US online store
Hotel Chocolat has announced it has closed its online shop in the United States, ceasing direct-to-consumer sales in the country. The retailer has closed all of its in-country warehouses and fulfilment arrangements. It comes after Hotel Chocolat had previously announced that investment levels in the USA will be “materially reduced”,…
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12 September
Economic recovery slows in July
The UK economy’s growth slowed in July to 0.2% according to the latest figures from the Office for National Statistics (ONS). The result is below previous forecasts of 0.4% growth for the month as worker shortages and soaring costs weighed on activity. It found that services grew by 0.4% in…
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12 September
BoE delays interest rates decision
The Bank of England (BoE) has delayed its interest rates decision for one week, following the death of Queen Elizabeth II. The meeting of the Monetary Policy Committee, which was expected to further raise interest rates, is now expected to be held at 12pm on 22 September, in light of…
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