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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May- 2022 -3 May
John Lewis to hire 150 tech jobs in digital expansion
John Lewis Partnership has announced it is hiring over 150 roles as part of a major investment in digital. The group is aiming to hire engineers across a range of technologies including software, cloud platform, native app, data engineers and delivery leads. It comes as the group aims to take…
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Apr- 2022 -29 April
Victoria’s Secret and PINK Beauty launches on Amazon
Victoria’s Secret and Co. has launched its Victoria’s Secret Beauty and Pink Beauty products in Amazon’s store, with approximately 120 different products available and eligible for delivery with Prime. The assortment of products will also be available in the Victoria’s Secret storefront. Victoria’s Secret said the collaboration is the latest…
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29 April
AO revenues fall as supply chain issues take hold
Online electrical goods retailer AO has revealed its estimated group revenues for the full year to 31 March 2022 are expected to be £1.5bn. On a year-on-year basis, the group’s revenues declined 6% against the strong prior year comparatives resulting from the robust growth in online purchasing during the Covid-related…
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29 April
Boxpark founder to step down from CEO role
Food and retail park operator Boxpark has announced that its founder Roger Wade is to step down from his role as CEO at the end of this month. After 10 years in the role, Wade has revealed that he is to hand over the reins to the company’s executive team…
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29 April
Sales surge at Travis Perkins as demand for housing climbs
Travis Perkins has seen a “positive” start to the year with the increased appetite for housing seeing total sales rise 13.6% from the prior year, according to its first quarter trading update for the three months to 31 March 2022. In the merchanting segment, total sales were up by 17.9%…
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29 April
Amazon shares tumble amid first loss since 2015
Amazon shares have taken a 10% hit after reporting a net loss of $3.8bn (£3.02bn) in the first quarter ended 31 March 2022 (Q1), due to inflationary and supply chain pressures, marking its first loss since 2015. The net loss includes a pre-tax valuation loss of $7.6bn (£6.05bn), and Amazon’s…
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29 April
New West End Company CEO to step down
New West End Company CEO Jace Tyrrell is set to step down from his role this October, after six years at the head of the group, as he returns to his native Australia to lead its first Business Improvement District – The New Sydney Waterfront Company. According to the group,…
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28 April
Superdrug freezes prices on over 100 products
Superdrug has announced that it is freezing the prices of over 100 everyday essential products across personal care, beauty and healthcare in a bid to help customers with the current cost of living crisis. The health and beauty retailer said it will freeze these prices for at least one year,…
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28 April
Asda teams up with FareShare to donate 10m meals to charities across UK
Asda has donated £1.4m to set up the ‘All Good Food Fund’, a project with FareShare which aims to lead to 10m meals being donated to charities across the country. As part of the new fund, Asda suppliers will be able to apply for funding to help pay for additional…
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28 April
Apollo and Reliance plan joint bid for Boots takeover
US buyout firm Apollo Global Management and Reliance Industries have joined forces to plan a joint bid for UK pharmacy chain Boots, according to the Financial Times. Reliance is owned by India’s second-richest man, Mukesh Ambani, and if the bid is successful, Boots will expand its footprint into India, south-east…
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