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 -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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27 August
Contactless limit to hit £100 in October
The Government is set to raise the contactless card spending limit from £45 to £100 from 15 October 2021. Initial plans for the change were first announced in March’s budget announcement, and follow the increase from £30 to its current level at the start of the pandemic. The decision has…
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27 August
Gap acquires ecommerce startup Drapr
Gap Inc. has acquired Drapr, an ecommerce startup and online application based on technology that enables customers to quickly create 3D avatars and virtually try on clothing. The group said it will utilise the technology for its customers in a move aimed at boosting its digital transformation. Drapr was founded…
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27 August
Man charged with food contamination at London grocery stores
A 37-year old man has been charged with contaminating or interfering with goods with intent at three supermarkets in West London. Leoaai Elghareeb, from Fulham, will appear at Westminster Magistrates’ Court today (27 August). Police said the charges relate to an incident which occured on the evening of Wednesday 25…
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