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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Feb- 2022 -14 February
Studio Retail to appoint administrators amid failure to acquire £25m loan
Studio Retail, the digital value retailer, has announced its intention to appoint administrators to SRG and Studio Retail Limited, its wholly owned subsidiary, to protect the interests of its creditors. The announcement comes as Studio Retail, previously known as Findel, has been unable to reach an agreement with its UK…
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14 February
John Lewis profits surge could see return of staff bonus
The John Lewis Partnership could possibly see the return of its fabled staff bonus this year after it was revealed it has surpassed its £100m annual profit target. According to a leaked memo seen by The Mail on Sunday, thanks to a bumper Christmas sales period and successful cost saving…
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14 February
CMA fines JD Sports £4.3m for breaching rules
The Competition and Markets Authority (CMA) has issued JD Sports a penalty of £4.3m for failure to comply in certain respects with an Interim Order issued by the CMA on 19 May 2021 as part of the CMA’s review of the Footasylum acquisition. The CMA reported reason to suspect a…
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14 February
Employers set to award record pay rises in 2022
Employers have reported that the median basic pay increase in their organisation (excluding bonuses) in the 12 months to December 2022 will be 3%, the highest figure recorded in the last 10 years of the Chartered Institute of Personnel and Development’s (CIPD) reporting. The CIPD’s latest quarterly Labour Market Outlook,…
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14 February
Pricer names acting CEO
Pricer, the retail technology company which specialises in electronic shelf labels, has appointed Magnus Larsson as its acting CEO. Magnus Larsson has been vice president of customer operations at Pricer since he joined the company in 2019 and is a member of the management team. He succeeds Magnus Midgard as…
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14 February
Boots bidders given end of month deadline
Prospective bidders for Boots reportedly have until the end of the month to submit their first-round bids in a £7bn auction of the business, The Times reported over the weekend. According to the paper, Boots UK CEO Sebastian James has been meeting with prospective bidders this week alongside advisers at…
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11 February
Waitrose boosts partnership with Deliveroo
Waitrose has announced it is expanding its partnership with Deliveroo and will be trialling Deliveroo Hop, the delivery service that reportedly brings groceries to customers’ doors within 10 minutes. Deliveroo launched Deliveroo Hop in September 2021 with the aim to complement the company’s existing on-demand grocery service and provide an…
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11 February
UK GDP rises 7.5% in 2021, largest increase since WW2
The UK economy increased by a “better-than-expected” 7.5% in 2021 to record the “fastest” incline since the Second World War, following the 9.4% contraction in 2020. Data released by the Office for National Statistics (ONS), shows that the UK is on track to be the “fastest growing economy” in the…
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11 February
Urban Outfitters Q4 sales rise 13.9%
The Urban Outfitters Group, which operates brands such as Anthropologie, BHLDN, Free People, FP Movement and Urban Outfitters, has reported its Q4 net sales increased 13.9% compared to pre-pandemic levels. For the three months ended 31 January, 2022, its net sales reached $1.33bn (£981.2m). Comparable Retail segment net sales increased…
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11 February
Poundland to open biggest ever UK site
Poundland is set to open its biggest ever UK store in Nottingham this week, which will offer its widest range of products yet. The new Nottingham Riverside retail park site will open on 12 February. It stands at 15,000 square feet, making it the largest Poundland store to be opened,…
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