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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Mar- 2022 -30 March
Customers to cut clothing expenditure as inflation hits 8.8%, study finds
New data from Braze confirms that people will primarily cut down on retail spending to help tackle the cost of living squeeze, with almost 90% of young people ages 25-34 say they will be cutting non-essential spending with the aim to lessen the blow on their savings. It comes after…
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30 March
Burberry names new senior director
British luxury Burberry Group plc has announced that Orna NíChionna has been appointed as senior independent director with effect from 2 April 2022. According to the brand, NíChionna has been an independent non-executive director since 3 January 2018, she is chair of the Remuneration Committee and is a member of…
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30 March
WHSmith partners with Deliveroo in new trial
WHSmith has partnered with Deliveroo in an exclusive new trial to bring customers a new offer of around 600 WHSmith products on-demand. The new partnership launched yesterday (29 March) in Reading and will be rolled out to nine stores across the UK over the next week, covering Richmond, Muswell Hill,…
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29 March
The Very Group unveils leadership shakeup
The Very Group has announced the appointment of Charlotte Heiss as group general counsel and company secretary, and the promotion of Sean Hallows from operations director to chief operating officer (COO). Both Heiss and Hallows will report to group CEO, Henry Birch, in their new roles, and Heiss will join…
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29 March
Iceland reintroduces palm oil ‘with regret’ amid rising prices
Iceland has reintroduced palm oil “with huge regret” after sunflower oil has become “totally unobtainable” amid the ongoing Ukraine crisis and consequent rising food prices. In a blog post, Richard Walker, managing director of Iceland, said an unintended consequence of the war is the scarcity of sunflower oil. Ukraine and…
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29 March
Footfall rises by 7.8% as weather improves
The second anniversary of the start of the first lockdown in 2020 delivered positive results, with a rise in footfall of +7.8% last week from the week before across all UK retail destinations, according to retail experts Springboard. It found increases in all three destination types; +9.8% in high streets,…
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29 March
Asda profits surge 42% as Covid disruption eases
Asda has reported its operating profits increased 42% year-on-year from £486.5m to £693.1m in FY21 following a reduction in Covid-related costs. The company’s revenues for FY21, excluding fuel, increased to £20.42bn, up 0.6% year-on-year and up 4.3% on a two-year basis. Additionally, revenues in the fourth quarter (Q4), excluding fuel,…
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29 March
Mulberry profits to be ahead of expectations
Luxury fashion retailer, the Mulberry Group, has announced its full year revenues and profits are to be “moderately” ahead of expectations, according to its trading update for its financial year ending 2 April 2022 (FY22). The “robust” sales trend delivered in the first half of FY22 has continued throughout the…
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28 March
M&S to expand Jaeger store presence with 14 openings
Marks and Spencer (M&S) has announced that 14 Jaeger stores are set to open across the UK and Ireland, following “encouraging” early demand for the brand online and a successful UK store trial which has been running since October last year. Jaeger is an independent brand under the M&S ecosystem,…
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28 March
CyberJammies wakes up to dream solution from Brightpearl
Key facts TREBLED revenue Live in JUST 120 days 5-star customer service Britain’s fastest growing fashion brand, and 11th overall fastest growing online retailer according to Brightpearl’s Lightning 50 “Absolutely everything has improved significantly since we signed up with Brightpearl” – Mark Tweed, brand director, CyberJammies 2020 was the year…
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