News
News is Retail Sectorโs 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 Sectorโs news coverage focuses on the business realities behind the headlines โ 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 -10 October
Quiz revenues rocket 37% as demand soars
Quiz revenues have soared by 37.2% in the last six months, hitting ยฃ49.4m in results that were ahead of its previous expectations.ย Between 1 April and 30 September, revenues were ยฃ13.4m higher than the prior year, reportedly reflecting the brandโs appeal and reputation for dressy and occasion wear, with demand…
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7 October
Farfetch to accept cryptocurrency payment option
Farfetch, the global platform for the luxury fashion industry, has announced that it will offer cryptocurrency as a payment method on the Farfetch Marketplace for customers in 37 countries. Farfetch said it will initially accept six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others. Customers with an…
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7 October
AO scraps COO role after resignation
AO has announced it has scrapped its COO role following the departure of Danny Emmett from the position, according to Retail Week. Emmett was expected to succeed chief executive John Roberts but has left the business with immediate effect. He worked at AO for nearly 14 years, having first joined…
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7 October
Pets at Home appoints chief people officer
Pets at Home has announced the appointment of Rachel Mooney as its new chief people officer.ย Prior to joining the group, Mooney held senior roles at global brands including Google andย Vodafone, and was previously chief people officer at Monzo and Snow Software.ย According to Pets at Home, she has…
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7 October
Superdry swings to profit but โcautiousโ on near future
Superdry has returned to profitability as pre-tax profits surged to ยฃ21.9m in the 53 weeks ended 30 April 2022 (FY22), compared with a loss of ยฃ12.6m in FY21. However, the company said it remains โcautiousโ about the near future amid a โchallengingโ macroeconomic environment, high levels of inflation, and the…
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6 October
Footfall slows to +6.8% in September
UK footfall slowed for the third consecutive month and now sits just 6.8% compared with the same period in 202, as the rising cost of living cuts consumer visits according to the latest data from Springboard. Springboard revealed that superficially Septemberโs results suggest that footfall has largelyย been unaffected by…
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6 October
Tesco to cut over 300 head office roles amid soaring inflation
Tesco is set to cut over 300 jobs from its head office as part of a major shake up after warning that profits would be impacted by soaring inflation. The news came at the same time as Tesco announced that it would be increasing the hourly wage for its shop…
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6 October
Aldi to recruit 3,000 Christmas roles
Aldi has announced that it is set to create around 3,000 new jobs ahead of the festive period this year as it prepares for its โbiggest-ever Christmasโ as customers are switching over to the supermarket. Over 2,000 temporary and permanent store positions are being made available to help replenish stock…
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6 October
N Brown profits plunge amid weakened consumer confidence
N Brown has seen its pre-tax profits plunge 74.6% to ยฃ7.2m in the first half of the year, as weakened consumer confidence led to a โmore challengingโ online retail market and subdued half-year revenues. Revenues dipped by 4.6% to ยฃ331.5m in the period, while the online retail market was down…
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5 October
Hard Rock Ready-to-Drink Cocktails goes International with London debut
Hard Rock International is expanding the launch of Hard Rock Expert Cocktails across the pond in London, signifying the iconic brandโs first ever international distribution of its ready-to-drink canned cocktails. Kimberly Manna, the senior vice president of Retail and Licensing for Hard Rock International, said: “Hard Rock was born in…
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