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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Sep- 2021 -27 September
Applications open for Northern Irish £100 high street voucher scheme
Northern Ireland economy minister Gordon Lyons has announced that the portal for applications to the high street voucher scheme has now opened. Applicants can now register for a £100 prepaid “spend local” card, with the portal remaining open until 25 October 2021. Following the initial phase of applications, the first…
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27 September
Burberry appoints new chief digital and analytics officer
Burberry has announced the appointment of CP Duggal as its newest chief digital and analytics officer, effective 30 September 2021. In this newly created position, he will be responsible for driving Burberry’s digital agenda and leveraging data and analytics to support the company’s strategic ambitions. He will also join the…
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27 September
Seasalt exploring sale following strong summer
Fashion brand Seasalt is reportedly considering a sale following a period of strong sales during the summer boosted by the UK’s staycation boom. According to The Telegraph, the retailer is in early talks about bringing in new investors, with a potential deal leading to an exit for shareholders BGF and…
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27 September
Aldi to create 2,000 new roles as part of £1.3bn investment
Aldi has announced that it is planning on creating more than 2,000 new jobs next year and investing £1.3bn in a bid to further accelerate its stores, as the retailer’s trading continues to be steady. The announcement comes amid a recent trading update for the full-year ending December 2020, where…
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27 September
Landsec offloads two retail parks in £54m deal
Landsec, one of the largest real estate companies in Europe, has announced the sale of two retail parks. The two disposals, Derwent Howe Retail Park, a 120,000 sq ft site located in Workington, Cumbria and Blackpool Retail Park, were sold for £54.3m. It said this represents an average 15% premium…
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27 September
Boohoo publishes international factory list
Boohoo has announced the publication of its international factory list in response to an independent review launched by the London barristers chambers Alison Levitt QC. Released as part of a transparency pledge to publish the names within 12 months of the review, the list reveals details of roughly 1,100 factories.…
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27 September
Asda and MusicMagpie launch sustainability partnership
MusicMagpie has announced the launch of a new sustainability partnership with Asda, in a move that will see the roll-out of its SMARTDrop kiosks across Asda stores. The affiliate agreement will give Asda customers the chance to buy and sell pre-owned consumer technology, such as tablets and mobiles, and media…
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24 September
Very Group snaps up former Fenwick CEO as newest managing director
The Very Group has announced that it has appointed Robbie Feather, the former CEO of Fenwick, as its newest managing director with effect November 2021. Feather will succeed Sam Perkins, who will step down at the end of the year after seven years with the operator of very.co.uk. Prior to…
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24 September
G-III Apparel Group to acquire luxury fashion brand Sonia Rykiel
The G-III Apparel Group has announced it has agreed a deal to acquire the European luxury fashion brand Sonia Rykel. The group, which features a portfolio of more than 30 licensed and proprietary brands including DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris, said it plans to…
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24 September
Consumer confidence falls amid ongoing supply chain issues
UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices, according to new research by GfK. GfK’s Consumer Confidence Index decreased by five points to 13 in September, with all measures down in comparison to August’s announcement. The data showed…
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