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.
-
Jun- 2022 -9 June
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect, after eight years with the company. The board and the nomination committee are now searching for “suitable” additional independent non-executive directors to replace Murphy and to further strengthen the board.…
Read More » -
9 June
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration” in the outlook for the German arm, as well as the board’s responsibilities to shareholders and other stakeholders. The business will continue to trade for a brief period to facilitate…
Read More » -
9 June
Retail sales dip in May as consumers cut spending
Sales across retail decreased by 1.1% in May, against an increase of 28.4% in May 2021, as consumers continued to cut spending amid the cost of living crisis, according to the BRC. This is below the three-month average growth of 0.7% and the 12-month average growth of 4.1%. On a…
Read More » -
9 June
John Lewis announces proposed locations for rental homes
The John Lewis Partnership has announced its first three locations where it proposes to build new rental homes. The three proposed sites include building over Waitrose shops in Bromley and West Ealing in Greater London and replacing a vacant John Lewis warehouse in Mill Lane, Reading. The three locations were…
Read More » -
9 June
Co-op to launch new food waste reduction platform
The Co-op is set to launch a new platform which aims to help retailers reduce food waste and is currently being trialled in some of its own stores. Founding partners Co-op and Microsoft, supported by technology consultancy BJSS and Team ITG, have created the platform – named Caboodle – a…
Read More » -
8 June
Hotter Shoes announces new digital hub openings with Notcutts
Hotter Shoes has announced the opening of two digital hubs this month with Notcutts Garden Centres. This announcement comes after Hotter’s partnership with Notcutts was established in 2021, with the opening of the brand’s first digital hub at Notcutts Wheatcroft in Nottingham. The digital hubs will open at Notcutts Rivendell,…
Read More » -
8 June
Amazon seizes 3 million fake products amid counterfeit crackdown
Amazon has revealed it has identified, seized, and disposed of more than three million counterfeit products in 2021, and has sued or referred over 600 criminals for investigation in the US, UK, EU, and China, up more than 300% compared to 2020. In its latest Brand Protection Report, Amazon revealed…
Read More » -
8 June
Boots to freeze prices on 1,500 own label products
Boots has announced a commitment to freeze the price of 1,500 own label products to help ensure they remain affordable as the cost of living crisis continues to escalate. Its own label lines, with products including everyday essentials such as toothpaste, shampoo, nappies and shower gel, will be price locked…
Read More » -
8 June
Tesco accused of greenwashing in banned adverts for vegan burger
Tesco’s ‘Plant Chef’ vegan burger adverts have been banned by the Advertising Standards Authority (ASA) after determining that it could be deemed as ‘misleading’. The ASA said the claim that the ‘Plant Chef’ burger was better for the environment could only be justified “if the advertised product provided a total…
Read More » -
8 June
M&S boss to depart with £2.6m pay packet
Marks and Spencer’s outgoing boss Steve Rowe more than doubled his pay last year from £1.07m to £2.63m after receiving a £1.6m bonus. The bonus, his first since 2017, also comes as M&S rewarded its 4,500 store management and head office staff. Rowe stepped down from his role as chief…
Read More »
