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 -7 June
Former ASOS CEO joins Secret Sales as chairman
Secret Sales, a non-full-price marketplace for fashion and beauty brands, has announced the appointment of Nick Beighton as chairman. Beighton, who most recently held the role of CEO at ASOS, joined as Secret Sales marked growth of over 150% LFL by “solving a critical challenge in the fashion value chain…
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6 June
M&S to trial refillable cleaning and laundry products
M&S has launched its own-brand refillable cleaning and laundry products as part of its pledge to reduce single use plastics and promote sustainability. The firm said M&S Refillable will allow customers to choose their own-brand homecare products, including cleaning sprays, laundry detergents, fabric conditioners and washing up liquids. It comes…
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6 June
New Look CEO Nigel Oddy steps down
New Look has announced that its chief executive officer (CEO), Nigel Oddy, has decided to step down from his role and leave the business. Oddy joined New Look in April 2019 and, during his tenure, he has led New Look’s financial restructuring, led the business through the pandemic, and overseen…
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6 June
CMO Group acquires clickbasin.co.uk
CMO Group, the UK’s largest online-only retailer of building materials, has acquired Whiteholme Limited, a bathroom basin e-commerce company which trades as clickbasin.co.uk, for £1.25m. Founded in 2010 and based in Preston, clickbasin.co.uk currently has a range of 320 SKUs comprising bathroom vanity units, bathroom cabinets, wall-hung basins, bathroom mirrors…
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6 June
Asos lines up commercial officer for CEO role
Asos is reportedly set to name José Antonio Ramos Calamonte as its new CEO following the departure of Nick Beighton from the role last year. Ramos Calamonte, the current chief commercial officer at Asos, is now said to be the frontrunner for the role, according to The Sunday Times. The…
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6 June
Lands End revenue dips 5% in Q1
Lands End has reported a net revenue decrease of 5.5% to $303.7m (£241.6m) in the first quarter of 2022, compared to $321.3m (£255.6m) in 2021. Global sales tumbled 15.7% in the first quarter, while International sales decreased 21.7% driven by “delayed receipts of key products due to global supply chain…
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6 June
Amazon consumer CEO steps down after 23 years
Amazon has revealed that its chief executive officer (CEO) of worldwide consumer, Dave Clark, will step down from his role, effective 1 July 2022. The company said Clark has decided to pursue other opportunities after 23 years in the role. He joined Amazon’s Operations Pathways Programme in May 1999 to…
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1 June
Abercrombie & Fitch launches 2022 Pride collection
Abercrombie and Fitch has announced the launch of its 2022 Pride collection in collaboration with The Trevor Project, for both the Abercrombie and Fitch and Abercrombie kids brands, marking the third co-designed collaboration between the two organisations. The gender-inclusive adult collection features t-shirts, shorts, hoodies, jackets, sandals, hats, and socks.…
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1 June
Almost half of businesses hit with price increases
Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April 2022 had increased from March 2022, while 23% reported that prices sold had increased across the same period. According to the Office for National Statistics (ONS), the wholesale and retail…
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1 June
Ikea and H&M open Atelier100 space
A new joint venture from H&M and Ingka Group, Ikea’s largest franchisee, has opened its doors to showcase London-based designers and creatives in the capital. The first Atelier100 store, which is located at Livat Hammersmith, officially opens to the public today (1 June), and is the result of a “first-of-its-kind”…
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