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 -9 March
The Direct Selling Association appoints four new board members
The Direct Selling Association, the UK trade body for direct-to-consumer retail, has appointed four retail industry leaders to its board of directors. The new board members join representatives from brands including Avon, The Body Shop, and Usborne Books at Home, to serve as an advisory panel for the Direct Selling…
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9 March
Mothercare joins retailers in suspending Russian business
Mothercare has announced that all business in Russia, including the shipment of all its products has been suspended in the wake of the ongoing Ukraine crisis. It comes as major retailers and businesses around the world have all joined in boycotting Russian business in a bid to put increased pressure…
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9 March
Jane.COM names new CEO
Jane.Com, the curated online retail marketplace, has announced the appointment of Joana McKenna as the company’s new CEO. McKenna brings over 20 years of experience building global brands, and has held leadership roles in sales, general management, product management, marketing, supply chain and operations at Walmart eCommerce, Johnson and Johnson…
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9 March
Adidas expects €250m sales hit amid Russia conflict
Adidas has reported its expects the war in Ukraine to risk up to €250m (£208.37m) sales in the company’s Russia/CIS business in FY22, representing approximately 50% of adidas’ total revenues in the region. The announcement comes as Adidas revealed its currency-neutral revenues increased year-on-year by 16% in FY21 from €18.43bn…
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8 March
Frasers Group unveils new Flannels store in Preston
Frasers Group plc has announced it has opened the doors to its latest Flannels store in Preston, following its investment in new locations throughout the UK. The new store is situated in Deepdale Shopping Park, and the 15,000 square foot site will house a selection of men’s, women’s and junior…
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8 March
Uniqlo owner defends decision to keep operating in Russia
The CEO of Fast Retailing, the parent company of fashion brand Uniqlo, has defended the company’s decision to continue operating in Russia claiming “clothing is a necessity of life”. In a statement first published by Nikkei and reported by Bloomberg, Tadashi Yanai said: “Clothing is a necessity of life. The…
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8 March
Retail sales show continued growth in February
Retail sales increased by 6.7% in February, against an increase of 1.0% in February 2021, a new report from BRC and KPMG has revealed. This is ahead of the three-month average growth of 6.5% but worse than the 12-month average growth of 11.3%. On a two-year basis, total retail sales…
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8 March
Made.com names new CEO as losses widen
Made.com has confirmed Nicola Thompson, Interim CEO, will take on the role of permanent CEO as it also revealed its losses widened from £14.6m in 2020 to £31.4m in 2021, according to its preliminary results for the 12 months to 31 December 2021. The retailer said it had a “strong”…
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8 March
Consumer spending surges 13.7% in February
Consumer card spending grew year-on-year by 13.7% in February, the highest growth since November 2021, as the economy reopened following the lifting of Plan B restrictions and work-from-home guidance. Data from Barclaycard revealed that spending on essential items rose 12% in February, driven by an 11.2% rise in fuel prices…
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8 March
Ted Baker welcomes new CFO
Ted Baker has announced the appointment of Marc Dench as its new chief financial officer (CFO) with effect from today (8 March 2022). Dench will succeed David Wolffe in the role, who is leaving to pursue another opportunity and will resign as a director with immediate effect. Dench is described…
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