News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Mar- 2025 -17 March
New Look to open new concept store at Bluewater
New Look is set to relocate to a new 12,120 sq foot concept store at Bluewater. The new store will open on 3 April and will be located on the Upper Thames Walk. It will feature New Look’s first omni-hub space, integrating new initiatives including digital inspiration, showrooms and displays. …
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17 March
Ex-Morrisons boss touted for B&M CEO role
Former Morrisons boss David Potts is reportedly among the leading candidates for the CEO role at B&M, according to The Sunday Times. Potts has reportedly been in talks with the bargain retailer for weeks about the position, which became vacant following Alex Russo’s departure last month. Sources familiar with the…
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17 March
Sainsbury’s CEO confident amid intensifying competition
Sainsbury’s CEO, Simon Roberts, has acknowledged the rising competition in the supermarket sector following Asda’s decision to cut prices but remains confident in his company’s ability to stay ahead, according to The Times. His remarks follow a 7.8% drop in Sainsbury’s shares, wiping out £487m in value after Asda’s pricing…
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17 March
Fenwick eyes restructuring as losses widen
Fenwick has reportedly called in restructuring professionals from AlixPartners as it looks to address its mounting losses and cost pressures, according to The Times. The news comes as the family-owned company, which operates a total of eight stores across the country, saw its pre-tax losses widen to £38.1m in the…
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17 March
Screwfix to open 35 new stores by Jan 2026
Screwfix, the omnichannel retailer, has announced plans to open up to 35 new stores across the UK and Ireland by the end of January 2026, creating more than 400 jobs in local communities. The store opening strategy is spearheaded by its recently launched new store format, Screwfix City. Screwfix opened…
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14 March
Today’s news in brief-14/3/25
Shein, the fast-fashion giant, has confirmed its plans to go public, targeting a listing on the London Stock Exchange. Executive chairman Donald Tang emphasised the company’s commitment to transparency and accountability as it transitions to a public entity. However, no specific timeline or valuation was disclosed, with Tang stating the…
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14 March
Deliveroo delivers FY profit for the first time
Deliveroo has reported hitting a profit of £3m for the year to December 2024, following a loss of £32m in the year prior. It comes as the restaurant and groceries delivery platform had “a good year of growth”, in which its gross transaction value jumped 6% and revenues rose by…
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14 March
UK GDP unexpectedly falls 0.1% in Jan
The UK economy shrank unexpectedly by 0.1% in January as production in the manufacturing sector struggled, according to the latest figures from the Office for National Statistics (ONS). The fall comes after growth of 0.4% in December 2024 and growth of 0.1% in November 2024. Production output decreased by 0.9%…
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14 March
Tesco to give away expiring food items to reach net zero targets
Tesco is to give away food for free to shoppers by introducing “yellow sticker” prices of £0 (at present limited to £90pc) for items about to go out of date, in a bid to cut waste and hit net zero targets, the Telegraph has reported. The trial is being tested…
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14 March
Shein chair publicly confirms IPO plans
Shein executive chairman Donald Tang has confirmed that the fast-fashion giant has plans to float on the stock market for the first time, with the London Stock Exchange being the company’s target. In an interview with The Times, Tang said he wanted the company to “embrace the…accountability and transparency of…
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