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 -14 March
Yoox Net-A-Porter unveils luxury menswear resale service
Yoox Net-A-Porter has announced the launch of its new dedicated luxury resale service for menswear, Mr Porter Resell, as part of the next phase of the company’s resale strategy. Yoox Net-A-Porter, which comprises Mr Porter, Net-A-Porter and The Outnet, launched the service to enable customers to resell their designer items…
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14 March
McColl’s celebrates 200th Morrisons Daily store opening
McColl’s Retail Group plc has reached the “strategic milestone” of opening its 200th Morrisons Daily store with the conversion of the McColl’s store at Southport. The rollout of Morrisons Daily stores is a “key component” of McColl’s’ strategic focus on food-led convenience, driving incremental sales and sales-mix improvement across the…
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14 March
M&S, Asos and Lush join initiative to employ refugees
M&S, Asos and Lush are amongst the major UK businesses that have joined an initiative to offer jobs to Ukrainian refugees when they begin to arrive in the UK. The consortium of more than 45 large businesses is also calling on the government to make it easier for refugees to…
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14 March
Retailers risk losing over £100m ahead of SCA regulation
Barclaycard Payments has revealed that merchants risked losing out on £102m worth of sales in February, as two-factor authentication checks ramped up for online purchases ahead of Strong Customer Authentication (SCA) regulation becoming mandatory on 14 March. A new in-depth study by Barclaycard Payments exploring readiness for SCA showed that…
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14 March
Ted Baker launches new website to boost online sales
Ted Baker has announced the launch of its new website in partnership with BigCommerce, an Open SaaS ecommerce platform, in a bid to boost online sales for the UK-based global lifestyle brand. With its new multi-storefront headless platform, Ted Baker will manage its global online presence from a single store…
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14 March
H. Samuel owner donates £766k to Red Cross Ukraine
Signet Jewelers Limited, the owner of H .Samuels, has announced the foundation will donate £766k to the Red Cross Ukraine humanitarian relief efforts, through its global network. Signet has also suspended business interaction with Russian-owned entities since the beginning of the invasion, in unity with all those in the world…
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11 March
M&S appoints new leadership team amid transformation
Marks and Spencer (M&S) has revealed a series of new appointments to “accelerate” progress in its transformation following the announcement yesterday that Steve Rowe is standing down as chief executive officer on 25 May. As part of the planned succession process, Stuart Machin will become chief executive and will take…
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11 March
Lush suspends supplies to Russia
Lush has suspended supplies to its Russian licensee and stopped online sales in the country, despite the fact its 48 stores in the region will remain open due to a legal agreement with its licensee. In order to secure the business, the retailer is now in the process of acquiring…
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11 March
Sook opens second retail site on South Molton Street
Sook, a pay-by-the-hour adaptable space provider, has opened a second site on South Molton Street, and extended its partnership with central London landlord Grosvenor by three years. Sook initially partnered with Grosvenor in 2020, opening 42 South Molton Street to provide an “affordable, flexible and digitally-connected space for any brand…
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11 March
Uniqlo reverses decision to remain in Russia
Fast Retailing, the parent company of fashion brand Uniqlo, has announced it will temporarily suspend its operations in Russia amid the ongoing Ukraine crisis. While previously continuing its Uniqlo business in Russia, the company said it has recently faced a number of difficulties, including operational challenges and the worsening of…
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