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 -13 June
Online retail growth drops 8.7% in May
Online retail sales growth declined -8.7% year-on-year in May 2022, despite being measured against a negative performance in May 2021 (-6%), as trading conditions continue to be “very tough”. According to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers, May’s results also represented a…
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13 June
IKKS Paris launches UK expansion with two stores
French fashion and lifestyle brand IKKS Paris has opened two London stores in Carnaby Street and Kings Road, marking the brand’s entry into the UK. The first shop is located at 3 Carnaby Street, a 2,610 sq ft flagship spanning two floors with a full collection of womenswear, menswear, and…
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13 June
Lidl partners with Neighbourly to launch first trustmark
Lidl GB have announced the launch of their ‘Good to Give’ trustmark earlier this month, which is an initiative “designed to diversify and increase food donations in Great Britain and help the rising numbers of people relying on food banks to get the varied diet they need”. This intervention comes…
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13 June
Matalan lenders eye up advisers amid talks over retailer’s future
Matalan lenders are reportedly eyeing up appointing advisors ahead of talks about the retailer’s future financing in the face of current economic uncertainty caused by the cost of living crisis. According to Sky News, Matalan’s senior bondholders are in talks with Perella Weinberg Partners to discuss options with them set…
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13 June
Morrisons becomes highest paying supermarket in UK
Morrisons has announced it is set to raise its minimum pay to £10.20 an hour, making it the highest paying UK supermarket for store employees. In addition to the increase, the group pledged to pay a London location supplement of £0.85 per hour to all stores within the M25, taking…
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13 June
Morrisons lines up £600m warehouses sale
Morrisons’ private equity owner, Clayton Dubilier and Rice (CD&R), is reportedly scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth over £600m. According to The Times, the American private equity company is mulling a sale-and-leaseback transaction in a bid to power…
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13 June
Deckers Brands announces new chief supply chain officer
Deckers Brands, a global designer and distributor of footwear, apparel and accessories, has announced the promotion of Angela Ogbechie to the newly created role of chief supply chain officer, effective June 24, 2022. Ogbechie has served in various operational roles at Deckers since 2008, most recently as SVP, global operations…
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13 June
Almost 650,000 UK retail jobs lost since 2017
Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years, according to new figures from a study conducted by the Centre for Retail Research. The study found that 645,204 retail jobs have been lost and 72,570 shops were closed across the whole country in…
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10 June
Amazon Fashion launches Virtual Try-On for Shoes on iOS
Amazon Fashion has announced the launch of Virtual Try-On for Shoes, an interactive mobile experience that “uses augmented reality to help customers visualise how a pair of shoes will look on themselves from every angle and to better inform purchasing decisions, from the comfort of their home or on the…
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10 June
Inflation increases strain between supermarkets and suppliers
The increase in inflation and cost price has weakened the relationships between the UK’s supermarkets and their suppliers, according to the findings of the latest survey from the Groceries Code Adjudicator (GCA). Supermarkets are facing a series of arbitration hearings with the GCA, after adjudicator, Mark White, revealed the number…
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