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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Jun- 2022 -21 June
Gear4Music profit dips in FY22
Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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21 June
Bensons for Beds appoints new CEO
Bensons for Beds has announced that its current chief commercial and digital officer, Nick Collard, will take over as CEO with immediate effect to “lead the company as it prepares for further growth”. Collard joined the company in July 2021 after holding board roles at Holland & Barrett International, DFS…
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20 June
Deliveroo and LloydsPharmacy add 110 stores to UK roll-out
LloydsPharmacy and Deliveroo announced that rapid deliveries of pharmacy essentials including cold and flu relief, painkillers and pregnancy tests will be available from a further 110 LloydsPharmacy stores over the coming months. LloydsPharmacy first partnered with Deliveroo in 2020, helping to bring medical essentials to households in as little as…
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20 June
Mattress Online recognised as fast growing firm in tech awards
Mattress Online, a leading UK online retailer of mattresses and beds, recently received two Northern Tech Awards, placing at 19th in the ‘Top 100 Fastest Growing Tech Companies in the North’ and 2nd in the ‘Top 15 Fastest Growing Larger Companies’. The Rotherham-based retailer was reportedly the first online seller…
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20 June
Footfall rises 4% as heatwave sweeps across UK
Footfall across UK retail destinations rose by +4.1% last week from the week before, with the largest rise of +5% in high streets, according to Springboard. Footfall aslo in retail parks rose by +2.5% and by +3.7% in shopping centres. On Saturday footfall in high streets declined by -7.6% whilst…
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20 June
Pets at Home commences £50m share buyback programme
The Pets at Home Group plc has announced the commencement of a £50m share buyback programme, following the commitment made in its latest trading update for the year ended 31 March 2022. The programme will be undertaken in two tranches, with the company announcing in the first tranche that it…
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20 June
Black Pound Day to launch permanent store in Westfield London
Black Pound Day, a movement for black-owned businesses in the UK, has launched its first permanent store in Westfield London, where more than 70 black owned businesses will be able to sell their products. It will be opening the doors to its storefront on 25 June in Westfield London, following…
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20 June
Alex Freudmann has been made managing director of M&S Food
Marks and Spencer has appointed Alex Freudmann as managing director of food, in a planned succession to Stuart Machin, the current M&S chief executive. Freudmann is currently managing director of Dan Murphy’s, Australia’s beer, wine and spirits retailer. It said he has an “extensive” track record of leading change in…
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20 June
Boots takeover in doubt amid financing struggles
There are reportedly growing concerns that the proposed takeover of Boots could collapse as the ongoing cost-of-living impacts prospective buyers and lenders. According to The Sunday Times, the news comes as New York-based Apollo and Mukesh Ambani reportedly teamed up with a bid of £5.5bn earlier this month – which…
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20 June
Primark enters online marketplace with Click & Collect trial
Primark is set to launch a UK Click and Collect trial service on children’s products across 25 stores in the northwest, encompassing 2,000 options of clothing, accessories and lifestyle products. Around 40% of these options will be exclusive to Click and Collect, and the service is reportedly expected to drive…
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