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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Dec- 2021 -22 December
Wickes appoints new retail director
Wickes has announced the appointment of Carol Campbell to the newly created role of retail director, with effect 6 January 2022. In her new role, which will oversee all of the retail operations for Wickes’ 232 stores, she will report to COO, Fraser Longden. She has worked in retail for…
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22 December
Maje welcomes new CEO
SMCP, the parent company of Sandro, Maje, Claudie Pierlot and Fursac, has announced the appointment of Charlotte Tasset Ferrec as chief executive officer of Maje, with effect from January 4, 2022. The move follows the appointment of Isabelle Guichot as chief executive officer of SMCP. Tasset Ferrec, 48, joins Maje…
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22 December
Asda strike looms amid ‘unacceptable’ pay offer
GMB has announced that strike action at Asda has moved closer after thousands of workers said they were ready to walk out over the company’s “failure to make an acceptable pay offer”. The association’s representatives will meet after the next pay talks to agree the next steps in moving to…
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21 December
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part of the support, businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises. There will also be more than…
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21 December
ABG signs partnership with JD to expand Reebok presence
Authentic Brands Group (ABG) has announced a new strategic partnership with the JD Group (JD) that will see it carry Reebok apparel and footwear in more than 2,850 of its company owned stores and complementary e-commerce websites. The group said the agreement covers all the banners in the JD Group…
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21 December
Missguided secures ‘significant’ investment
Missguided has announced it has secured a “significant” investment deal with London-based investors, Alteri. It revealed Alteri’s investment, comprising both debt and the acquisition of 50% of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as…
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21 December
Unite suspends two-day HGV strike action
Unite union has suspended a two-day strike which could have affected deliveries to 1,500 convenience stores across London and the South East. The two-day strike, which was due on 23 December 2021, would have included Christmas Eve by drivers employed by the Tesco-owned Booker Retail Partners at its Thamesmead site.…
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21 December
Nike revenues remain flat in Q2
Nike has announced that revenues in its second quarter rose by 1% to $11.4bn (£8.6bn), remaining flat as it continued to manage the ongoing impact of supply chain challenges across the global marketplace. Revenues in Greater China and APLA declined, however, largely due to lower levels of available inventory resulting…
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21 December
UK high streets suffer as Covid concerns grow
UK high streets saw footfall decline by -2.6% over pre-Christmas weekend, according to the latest figures from Springboard. Although footfall across UK retail destinations rose by 5.5% last week from the week before, it ended with a disappointing performance, felt especially by large city centres, with footfall over the weekend…
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20 December
Ted Baker confirms board changes amid death of chairman
Ted Baker has confirmed that a search is currently underway for a new chairman of the board. The search follows the sudden passing of previous chair John Barton on 6 December 2021. In the meantime, it was revealed that Helena Feltham will remain as interim chair. In addition, Andrew Jennings,…
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