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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May- 2022 -10 May
Tesco opens up supply chains to sustainable start-ups
Tesco and WWF have launched a new accelerator programme which aims to pair start-ups with Tesco suppliers to fast-track sustainability innovation in the supply chain. The partnership aims to “cut the environmental impact of food and support UK food security”. It comes as Tesco is calling on the UK government…
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10 May
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores by the end of next year to help make Ikea more accessible for customers. It said the investment reflects the ongoing retail transformation and the company’s “unchanged determination to get…
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9 May
Fastest growing funsport from the US comes to UK
Think volleyball and then think again: with four squares. CROSSNET was created by three young American entrepreneurs and is literally game-changing as the World’s first four square volleyball game. The Miami-based brand is recognised as one of the fastest-growing fun sports brands and is sold in over 1,500 locations throughout…
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9 May
Made.com acquires Trouva to accelerate expansion
Made.com Group Plc has announced the acquisition of Trouva to accelerate the group’s strategic priorities around choice and reach. Trouva is the platform to discover independent boutiques and brands offering customers a curated range of homewares, lifestyle and fashion products. The company has relationships with over 700 boutiques across Europe…
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9 May
Shop owners to be forced to rent out empty premises
Shop owners in England could be forced to let out premises that have been vacant for over a year, under new plans from the government. The plans are set to be unveiled as part of the Levelling up and Regeneration Bill, expected to be unveiled in the Queen’s speech on…
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9 May
Revolution Beauty FY22 sales soar amid Boots partnership
Revolution Beauty has welcomed a “record” Q4 in its latest full-year trading update, attributing the success to its Boots and Walgreens expansions, with half-year sales rocketing 44% year-on-year for the year ended 28 February 2022. The beauty group reported a revenue of £194m, up 42% against the year ending 28…
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9 May
West End landlords Shaftesbury and Capco consider £3.5bn merger
The Boards of Shaftesbury PLC and Capital and Counties Properties PLC (Capco) have confirmed they are in advanced discussions regarding a possible £3.5bn all-share merger of the two companies. Under the proposed terms of the possible merger, Shaftesbury’s shareholders, excluding the Shaftesbury shareholding owned by Capco, will own 53% of…
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9 May
Morrisons close to winning control of McColl’s amid last-ditch bid
Morrisons is thought to have won control of embattled retailer McColl’s after surpassing EG Group in a last ditch effort, according to Sky News. A deadline was set for 18:00 BST on Sunday for final bids, with EG Group thought well positioned for the purchase until Morrisons final hour bid.…
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6 May
McColl’s collapses into administration, 16,000 jobs at risk
McColl’s has collapsed into administration in a move that places 16,000 jobs at risk, after lenders failed to extend its banking agreements. In a newly released statement, the retailer said it was “regrettably left with no choice” other than to appoint PwC as administrators, with the expectation that they intend…
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6 May
Footfall drops again in April
Footfall in UK retail destinations dipped once again in April 2022, falling to -15.9%, down from a decline of -15.3% in March 2022, according to the latest figures from Springboard. It said that the month was “salvaged” by Easter in the second week, when footfall rose by +9.1% from the…
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