News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jun- 2022 -28 June
Pets at Home Rochdale named Proud of My Store monthly winner
Fun, family spirit and amazing teamwork has given Pets at Home, Rochdale a win in the UK’s biggest nationwide competition celebrating frontline retail teams: Proud of My Store. Store Manager, Nathan Reynolds and his team (pictured) caught the eye of the competi-tion’s prestigious judging panel with their dynamic can-do attitude,…
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28 June
Walgreens pulls £5bn Boots sale
Walgreens Boots Alliance (WBA) has announced its decision to keep its Boots and No7 Beauty Company businesses under its existing ownership. This marks the conclusion of the review that began in January in line with the Company’s strategic priorities. WBA had been encouraged by productive discussions held with a range…
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28 June
Jubilee helps boost June grocery sales
The Queen’s Platinum Jubilee celebrations helped boost total till grocery sales at UK supermarkets for the four weeks ending 18 June 2022 with sales up 1.5%, according to new data released today by NielsenIQ. However, it revealed despite this uplift, volume sales are declining by 5.5%, as shoppers seek to…
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28 June
Former Boots CEO seals merger deal to form Sportscape Group
Bridgepoint Development Capital, and Bd-capital has announced its merger of Private Sport Shop and SportPursuit, to form Sportscape Group, an e-commerce platform and community focused on sports and outdoor retail. Sportscape will retail brands such as Berghaus, Canterbury and Garmin at discounted prices, with a focus on snowsports and cycling.…
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28 June
John Lewis bolsters finance team amid £50m investment
John Lewis Finance has appointed Paul Dawson to the newly created role of product director and Alison Verlander as the chief risk officer, in a bid to help lead the company’s expansion into new financial products and services. The announcement comes as John Lewis revealed it is investing over £50m…
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28 June
Retail space provider Sook continues UK expansion
Flexible retail pop-up space provider Sook has announced new partnerships with Hammerson and Rivington Hark, which will see the retail operator open three new spaces this summer in new UK locations. The firm said its rapid expansion is a result of a “high customer demand for flexible retail space as…
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28 June
Hobbycraft revenues up 15% as online sales soar
Hobbycraft has welcomed a “robust” set of results in its latest financial year, as revenue rose by 14.8% to £203.1m, up from £176.9m in FY21. Its full-year adjusted EBITDA hit £15.0m, meanwhile, up from £13.8m in FY21 and £14.8m in FY20, before the pandemic. Overall, the group saw a total…
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28 June
Aldi eyes new store locations amid expansion drive
Aldi has reportedly revealed a “wish list” of priority locations across the country where it is looking to build new stores on town-centre or edge-of-town sites that are around 1.5 acres. As the UK’s fifth largest supermarket, Aldi has more than 960 stores across the country currently and is said…
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27 June
Wayfair launches in Ireland
Home furnishing e-tailer Wayfair has announced that it has launched in Ireland, offering its wide range of products from reportedly 4,000 suppliers to Irish shoppers. The website is reportedly packed with helpful tech features such as “lists” and “View In Room”, which is available on its iOS and Android app.…
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27 June
Loaf appoints CCO
Loaf, homeware and furniture retailer, has appointed Theodore Sheppard as its new chief commercial officer. Sheppard will be responsible for driving sales and growing market share. He will be defining the direction for the brand and devising the company’s sales and marketing strategies. Leading the marketing, creative and retail teams,…
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