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 -11 February
Adidas extends board appointments amid growth strategy
Adidas has announced its supervisory board has extended the appointments of executive board members Roland Auschel and Brian Grevy. Auschel is responsible for global sales and his role has been extended by two years beyond 2022 until the end of 2024. He has been a member of the executive board…
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10 February
CMA designates Amazon as a grocery retailer to ‘protect suppliers’
The Competition and Markets Authority (CMA) has designated Amazon under the Groceries Market Investigation Order, meaning the company and its relevant UK subsidiaries must now comply with the Groceries Supply Code of Practice. The announcement follows Amazon’s “increasing” activity in the UK groceries’ sector in recent years, and the industry…
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10 February
PVH Corp appoints Zac Coughlin as CFO
PVH Corp, the owner of the Tommy Hilfiger and Calvin Klein brands, has announced the appointment of Zac Coughlin as executive VP and CFO, effective 4 April, 2022. In this role, he will report to Stefan Larsson, PVH CEO, and will have responsibility for all finance functions. Coughlin joins PVH…
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10 February
Retailers cancel £7.1bn in contracts over ethical concerns
UK retailers cancelled £7.1bn in contracts over the last 12 months over concerns about suppliers meeting “stringent” ethical and sustainable standards, new research from Barclays reveals. The latest report from Barclays Corporate Banking, ‘Reshaping retail: how ethics and sustainability are changing retail’s ecosystem’, found that the pandemic and an increasing…
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10 February
Watches of Switzerland sales soar amid ‘thriving’ market demand
The Watches of Switzerland Group PLC has reported its revenues surged 27.9% year-on-year to £348.1m in the 13 weeks to 30 January 2022 (Q3 FY22), and 36.5% from pre-Covid levels. The group’s year-to-date revenues for the 39 weeks to 30 January 2022 (9M FY22) also rose by 38% year-on-year from…
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9 February
Very expands beauty and self-care ranges by 94%
The Very Group has expanded its range of beauty and self-care brands on Very.co.uk by 94% since the start of the pandemic, as the online retailer reportedly sees growing demand for wellbeing products. Since January 2020, Very has added 77 new beauty and personal care brands, taking the category total…
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9 February
Joules to increase prices amid rising costs and supply issues
Country lifestyle retailer Joules has announced it is to increase the prices of some of its items in a bid to improve its profitability in the face of rising costs and supply chain issues. In its interim results for the 26 weeks ended 28 November 2021, Joules said that after…
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9 February
Dunelm hails ‘record’ trading as sales surge 10%
Dunelm has announced its sales rose by 10.6% year-on-year from £719.4m to £795.6m in the 26 weeks ending 25 December 2021 (H1 FY22), up 36% from pre-Covid levels. The group also reported “record” pre-tax profits of £140.8m, rising 25.3% year-on-year from £112.4m and up 68% from £83.6m in H1 FY20.…
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9 February
Peloton to slash 2,800 roles as part of restructure
Peloton has announced that it is set to slash around 2,800 roles as part of a series of measures to “position the business for long-term growth while establishing a clear path to consistent profitability”. Following the restructure, the fitness group said it expects to achieve at least $800m (£590m) of…
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9 February
Aldi to create 200 apprenticeship roles in 2022
Aldi has announced it is looking to recruit 200 new apprentices across the UK in 2022. It revealed applications are now open for one of the UK’s largest supermarket’s apprenticeship schemes, with opportunities across store, logistics and HGV driver roles. Store apprentices at the retailer can earn £198 per week…
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