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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Jan- 2022 -25 January
Kering offloads Girard-Perregaux and Ulysse Nardin
Kering has announced an agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management. Kering has held a 100% stake in the company, and the transaction is reportedly in line with Kering’s strategy to give priority…
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25 January
Getir to create 6,000 UK jobs in 2022
Getir, a rapid grocery delivery app, reportedly expects to create up to 6,000 jobs in the UK this year alone. According to Sky News, the Turkey-based start-up has already created 4,000 jobs in the country, a figure that is expected to rise to 10,000 by the end of 2022. The…
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25 January
Tesco agrees partnership with Alcumus
Tesco has partnered with Alcumus, a business aimed at providing software-led management solutions for managing health, safety and ESG. Alcumus said it will provide Tesco with a “fully integrated, digital technology platform that will bring together operational and risk management information, processes and workflows, allowing the growing multinational business to…
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25 January
Flying Tiger rolls out mobile self-checkout to UK stores
Store chain Flying Tiger Copenhagen has announced it is rolling out MishiPay’s mobile self-checkout solution to its UK stores. The announcement comes following a successful trial across stores in Denmark, Sweden and Norway that generated positive feedback on both customer and employee experience. During the trial period, MishiPay’s Scan, Pay…
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24 January
Sainsbury’s creates chief transformation officer role
Sainsbury’s has promoted Graham Biggart to the newly created role of chief transformation officer, and he will join the operating board in March 2022. The move comes as Sainsbury’s plans to “accelerate” its customer transformation, in addition to its plan to save money and invest in innovation, quality and price,…
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24 January
Morrisons begins hunt for new CEO
The new owner of Morrisons, private equity firm Clayton Dublier & Rice (CD&R), has reportedly started its search for a new CEO after its current CEO David Potts indicated his intention to step down in about two years time. According to the Sunday Times, CD&R has appointed advisers from international…
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24 January
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was –31.1% lower than in 2019, but up from -39.1% in 2020, with retail parks continuing to display a “notable resilience” than either high streets or shopping centres in retaining footfall, according to Springboard’s 2021 report. Springboard said that “it was the three month…
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24 January
Retail sales rebound but challenges remain, data finds
The reopening of the economy post-lockdown led to a rebound in sales for FTSE Retailers but warnings have been issued for challenges ahead, according to EY-Parthenon’s latest report. It revealed most retailers experienced a successful Christmas trading period – data from the British Retail Consortium shows that non-food sales in…
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24 January
Bradford chosen for UK’s first sustainable high street scheme
Bradford has been chosen as the location for the UK’s first Green Street pilot scheme, which aims to help small and independent businesses on local high streets become sustainable. The Green Street scheme will be led by Bradford retailer and businesswoman Victoria Robertshaw, with help from initial funding from the…
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24 January
Wickes appoints chief financial officer
The Wickes Group has announced the appointment of Mark George as chief financial officer (CFO), effective no later than 20 July 2022. In his new role, George will replace Julie Wirth who has announced her intention to retire froma full-time executive role following her “significant contribution” to the transition of…
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