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 -20 January
Ted Baker names new chief customer, marketing and digital boss
Ted Baker, the global lifestyle brand, has announced the appointment of Jason Beckley as chief customer, marketing and digital officer. Beckley joins the retailer from Esprit where he was responsible for the brand, marketing and customer teams and leading on consumer engagement across all channels, in his role as interim…
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20 January
Forever 21 announces new CEO
Forever 21 has announced Winnie Park as its new chief executive officer, effective immediately. Park joins Forever 21 from Paper Source, where she served as CEO for the past six years. During this time, she led the successful sale of the brand to an affiliate of Barnes and Noble. Park…
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19 January
Burberry sees recovery with profits rising to £723m
Burberry Group plc has increased its operating profit expectations to grow by 35%, following a 5% increase in revenue to £723m in the 13 weeks ending 25 December 2021 (Q3 FY22), compared to £688m for the same period in 2020 (FY21). Full-price sales surged in the third quarter, increasing 26%…
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19 January
OnBuy reveals new Bournemouth HQ
UK-based online marketplace, OnBuy, has announced a deal for new office space in Bournemouth Town Centre. The move follows what it called an “incredible year of growth”, resulting in a need to scale up its headquarters to accommodate the influx of new employees joining the company. OnBuy has seen its…
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19 January
Inflation hits 30-year high
Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest figures from the Office for National Statistics (ONS). It revealed the consumer prices index including owner occupiers’ housing costs (CPIH) rose 4.8% in the 12 months to December 2021, up…
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19 January
In the Style sales rise 22% over festive period
In the Style revealed it has delivered a period of strong growth over the festive period, with total net sales rising 21.5% to £11.2m, or 225.9% on a two-year basis in the run-up to Christmas. In the eight weeks to 31 December 2021, gross order value also increased 41.4% to…
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19 January
Sage acquires omnichannel retail system Brightpearl
Brightpearl, a cloud-native multichannel retail operating system for retailers and wholesalers, has been acquired by The Sage Group, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses. With the acquisition of Brightpearl, based in Bristol, UK, and Austin, Texas, Sage said it “builds on its…
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19 January
WH Smith sales remain below pre-Covid levels
WH Smith has announced that its revenue remains below pre-pandemic levels for the 20 week period ending 15 January 2022, with the total group revenues at 85% of 2019 levels for the same period. In travel UK, revenues came in 70% of 2019 levels for the 20 week period, with…
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18 January
Aldi launches first checkout-free store
Aldi has launched its first checkout-free concept store, Aldi Shop&Go, in London this morning for public testing. After having been tested by Aldi colleagues in recent months, the trial store in Greenwich allows customers to complete their shop without scanning products, or having to go through a checkout. Through the…
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18 January
Hotel Chocolat sees Q2 revenues jump 37%
Hotel Chocolat, the British chocolatier and omni-channel retailer, has revealed it saw group revenues increase 37% during the 13-week period ended 26 December 2021. It said that total group revenue for H1 has also been “strong”, increasing 40% compared to the prior year, and by 56% compared to the equivalent…
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