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 -5 April
The Works forced to close stores amid cyber security incident
The Works has confirmed it has been victim to a cyber security incident involving unauthorised access to its computer systems, which led to several temporary store closures. The retailer said the incident caused “some limited disruption” to trading and business operations, including the closure of some stores due to till…
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4 April
Boots gender pay gap drops to 2.7%
Boots has reported its median pay gap has dropped to 2.7% in the 12 months ending 5 April 2021, compared to the national median pay gap of 15.4%. The retailer’s Gender Pay Gap report reveals Boots continues to see a “sustained reduction” in its mean pay gap at 18.1%, which…
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4 April
Ocado set to receive £190m from M&S amid joint venture success
Ocado is reportedly set to receive an estimated £190m after its food delivery joint venture with M&S is thought to have surpassed its current performance targets. According to This is Money, M&S is expected to confirm next month that its performance targets have been met, triggering the payment to Ocado…
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4 April
Demolition plans for M&S flagship site to be reconsidered
Sadiq Khan is reportedly reconsidering previous plans to demolish Marks and Spencer’s flagship store on Oxford Street following ongoing backlash over the decision. According to Architects Journal, City Hall officials will now review proposals to demolish the site after they initially decided “not to intervene” in the application. Simon Sturgis,…
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4 April
Dunelm opens new format store at The Springs Leeds
Dunelm has announced it is set to open a new 18,362 square feet sales store with mezzanine in Leeds after it confirmed a further agreement with The Springs out of town retail and leisure shopping centre. This will be Dunelm’s first new smaller format store in the country and its…
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4 April
Kingfisher announces non-executive director
Kingfisher plc has announced the appointment of Bill Lennie as a non-executive director with effect from 1 May 2022. He will also be appointed as a member of the audit and nomination committees. Lennie was most recently executive vice president, outside sales and services at The Home Depot, retiring in…
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4 April
JD opens new 12,000sq ft Leicester store
JD has announced it has opened a new store at Leicester’s Fosse Park, which has created over 100 new jobs. The sports fashion retailer previously occupied a lot in Fosse Park North, but the move sees JD acquire a unit double the size at the retail park’s new ‘West’ development.…
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1 April
Sainsbury’s axes 300 jobs as part of cost-cutting drive
Sainsbury’s is set to axe 300 jobs across its store support centres with plans to outsource the roles. First reported by Retail Week, the grocer will outsource the roles to Accenture, impacting employees working in food commercial, finance operations and people services and HR in Sainsbury’s central offices in Manchester,…
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1 April
Dunelm appoints new chief financial officer
Dunelm Group plc has announced the appointment of Karen Witts as its new chief financial officer (CFO), who will join the board on 9 June 2022. In her new role, Witts succeeds Laura Carr who will step down from the board on 8 June. She joins from Compass Group plc…
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1 April
The Sofa Workshop ceases trading
The Sofa Workshop has collapsed into administration and has appointed Toby Banfield, David Baxendale and Zelf Hussain of PwC as administrators. The company, a mid-market UK upholstery retailer, has 16 stores across the UK. Despite achieving “significant” revenues, these have been outweighed by trading losses, especially in light of Covid-related…
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