News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Sep- 2021 -2 September
Amazon launches UK recruitment drive
Amazon has announced it is holding one of its biggest free virtual training and recruiting events, in a bid to hire 2,500 open corporate, tech and operations roles across the UK. As part of its recruitment drive, Amazon Career Day will now take place on 16 September, with an event…
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2 September
Boots to launch 30 high street beauty halls
Boots has announced the launch of 30 new beauty halls across its UK sites as the group aims to expand its high street beauty offering. The latest additions are set to be introduced as smaller versions of the current 60 Boots beauty halls across its flagship shops such as Covent…
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1 September
Bank holiday sees footfall surge 8.2%
Footfall during the bank holiday week was up 14.2% from 2020 according to the latest data from Springboard. Footfall in the UK rose by 4.9% over the last week, with a peak of 8.2% during the bank holiday weekend as shoppers made the most of the long weekend ahead of…
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1 September
NI Lidl store reopens after £5m investment
A Northern Ireland Lidl store has announced its reopening at Buttercrane Shopping Centre in Newry after a £5m expansion investment. Creating 15 new permanent retail jobs in addition to the retailer’s existing 35-strong team, the new store in the heart of the city centre replaces the former site at Bagenal’s…
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1 September
WH Smith anticipates lower profitability for 2022
WH Smith has anticipated that the levels of profitability for the year ending August 2022 will be at the lower end of market expectations as a result of the ongoing effects of Covid-19. Prior to its preliminary results for the year ending 31 August 2021, the retailer revealed that total…
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1 September
US investment firm acquires 10% Boohoo stake
Boohoo has announced that T Rowe Price, a US investment firm, has acquired a 10% stake in the company. The deal makes the global investment group Boohoo’s third largest shareholder, overtaking Invesco and sitting just behind Jupiter Fund Management and co-CEO Mahmud Abdullah Kamani. As of 13 July 2020 there…
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Aug- 2021 -31 August
Abercrombie announces ESG senior VP appointment
Global apparel and accessories retailer Abercrombie and Fitch Co has announced the appointment of Michael Lopez as senior VP for environmental, social, and governance (ESG). In what is a newly created role at the firm, Lopez will be tasked with leading Abercrombie’s sustainability, community giving, inclusion, and diversity initiatives. Lopez…
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31 August
Zalando unveils over 50 new brand partners
Zalando has announced that it is expanding its designer category, by signing with over 50 brands and partnering with designer Not Just a Label (NJAL). New brand partners include Missoni, Christopher Kane, 032C and Mansur Gavriel, among others, connecting them to 45m customers across the UK and Europe. As of…
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31 August
Issa brothers plan to open 300 Asda convenience stores
Asda’s new owners, the Issa brothers’ are reportedly planning to open more than 300 convenience stores under the supermarket’s name across their EG Group forecourts. According to The Times, the pair are looking to roll out the concept after they previously launched five ‘Asda on the Move’ stores as a…
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31 August
Sainsbury’s mulls sale of banking arm to Centerbridge
J Sainsbury is reportedly mulling the sale of its banking arm to US-based private equity firm Centerbridge Partners for a deal worth approximately £200m. According to Sky News, the supermarket chain is “within weeks” of reaching an agreement with Centerbridge almost one year after commencing the auction of the business.…
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