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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Apr- 2022 -26 April
Wilko welcomes new retail director
Wilko has announced the appointment of Amanda Jones as its new retail director, with Jones set to assume the role this coming July. She joins the group’s leadership team from Post Office Ltd, where she is currently Retail and Franchise Network director. According to the group, she will bring “strong”…
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26 April
Primark to raise prices amid mounting inflationary pressures
Primark is implementing selective price increases across some of its autumn/winter stock amid inflationary pressures as the retailer’s owner, Associated British Foods plc (ABF), said the company is unable to offset all of the inflationary pressures with cost savings. In its latest trading update for the 24 weeks ended 5…
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26 April
Lidl asks public to help locate sites for new stores
Lidl has announced that it is calling on the British public for support in identifying sites for new stores. The retailer said it is investing £1.3bn in its expansion across 2021 and 2022. It has revealed that it is offering a finder’s fee to members of the public who successfully…
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26 April
Footfall declines 7% in post-Easter slump
Footfall across UK retail destinations declined by -7% last week from the week before, with a drop of -10.2% in shopping centres, and -6.9% in retail parks, according to Springboard. High streets however benefited from activity on Easter Sunday which meant that the drop in footfall was more modest at…
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25 April
Morrisons unveils ‘biggest price cuts’ in years
Morrisons has announced it is launching one of its “biggest” price cuts in recent years by reducing prices on over 500 products and introducing new multi saves. As part of the campaign, Morrisons has cut the price of a quarter of its 235 entry level products which include ‘Morrisons Savers’,…
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25 April
JD Sports tipped as potential Missguided suitor
JD Sports has reportedly been tipped as a potential suitor to acquire online retailer Missguided after it appointed advisors to seek a buyer last week. According to This is Money, while muted to be at “a very early stage”, bosses at the sportswear retailer are said to be discussing a…
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25 April
MusicMagpie to launch on Back Market
MusicMagpie has secured a contract to sell consumer electronic products on Back Market, an online marketplace that is dedicated to refurbished devices. The recommerce group said its products will feature on the Back Market UK marketplace by the end of this month, and on the Back Market US marketplace in…
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25 April
Reebok owner enters race to buy Ted Baker
Authentic Brands Group (ABG), The US-based brand licensing empire which includes Reebok and a controlling stake in David Beckham’s consumer goods stable, is reportedly considering a takeover bid for Ted Baker, according to Sky News. The company, valued at almost £10.1bn, was among several parties exploring the possibility of a…
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25 April
McColl’s sees softer trading period amid cost-of-living crisis
McColl’s has experienced “softer trading” through the Easter period, impacted by reduced consumer spending and continued supply chain disruption across the industry. The board said it now expects adjusted EBITDA for the current financial year (FY22) to be “no higher” than the level achieved in FY21 (£20m on a pre…
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25 April
Asda invests £73m to tackle cost of living crisis
Asda has announced it will be investing over £73m in tackling the cost of living crisis for its customers and colleagues as it has “dropped and locked” the price of over 100 products until the end of the year, with prices reducing 12% on average. The supermarket has also confirmed…
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