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 -5 October
Home brewing beer brand Pinter tops list of the UK’s fastest growing online companies
Home brewing beer brand Pinter has topped a new list of the UK’s fastest growing online companies. Pinter, based in Walthamstow, London, has grown sales by more than sixfold (626%) to almost £6 million as beer lovers save money in the cost of living crisis by serving perfect pints they…
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5 October
Lidl GB to recruit over 1,000 roles
Lidl GB has revealed it will be recruiting for over 1,000 new hourly paid roles over the next five months. The roles will span across stores and warehouses and include customer assistants, cleaners and warehouse operatives. It said new recruits will earn a minimum of £10.90 an hour outside of…
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5 October
Halfords announces acquisition of LTC Trading Holdings
Halfords Group has announced the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company for total consideration of £37.2m, with £33.2m paid on completion and £4m paid in FY25 subject to performance. Lodge Tyre provides automotive services to business-to-business customers from 50 garages and 248 mobile vans.…
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5 October
Tesco raises pay despite profit hit
Tesco has seen its profits tumble in the first half of the year, with profit before tax plummeting by 64% to £413m, as the group contends with “significant” cost inflation and changing consumer habits. Nonetheless, revenues rose by 6.7% to £32.5bn in the period, while the group announced it would…
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5 October
Topps Tiles hails ‘record’ FY22 sales
Topps Tiles has revealed its sales for the 52-week period ended 1 October 2022 (FY22) hit £247.3m, marking a second consecutive “record” year of turnover, with year-on-year sales growth of 10.6%. Group sales in the 13 weeks to 1 October (Q4) also increased 4.3% year-on-year, and average weekly sales per…
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4 October
Made.com begins talks with prospective buyers
Made.com has announced that it has entered into non-disclosure agreements and begun discussions with a number of interested parties for the sale of the group. The interested parties will be provided with additional information on the group and will be invited to put forward non-binding indicative proposals in mid-October. The…
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4 October
John Lewis doubles down on rental as part of new sustainability pledges
The John Lewis Partnership has doubled down on its pledge to “protect and restore nature” with a set of new sustainability pledges which will also see it develop more rental, resale and return opportunities. It said it comes as climate experts estimate that to limit global warming to the recommended…
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4 October
Greggs sales rise 15% in Q3
Greggs has seen its total sales rise by 14.6% for the 13 weeks to 1 October 2022, with company-managed shop like-for-like sales up 9.7% in the quarter. Despite this sales boost, year-on-year growth slowed in August given the “particularly strong” staycation effect, though momentum returned in September. The closure of…
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3 October
Currys confirms third hourly pay increase in 13 months
Currys has announced an additional rise for hourly paid colleagues in the UK by a further 3.5% to £10.35 per hour (£11.43 per hour in London), the third rise in the last 13 months, one month after the latest rise came into effect. In total, Currys said it has increased…
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3 October
John Lewis launches womenswear rental platform
John Lewis has partnered with rental platform HURR to launch its first ever womenswear rental platform to help “encourage a more sustainable way of shopping”. Launching today (3 October), the John Lewis Fashion Rental will host over 25 brands from Olivia Rubin, O Pioneers, & Other Stories and Seraphina with…
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