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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May- 2021 -5 May
Notonthehighstreet names Ed Wagener as CFO
Notonthehighstreet has announced the appointment of Ed Wagener as the group’s new chief financial officer (CFO). Having most recently acted as CFO at Comparethemarket.com, Wagener provides the role with over 15 years’ experience in senior finance roles, including as financial director at Carphone Warehouse. Wagener will be tasked with supporting…
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5 May
Pepco valued at £5bn ahead of Warsaw listing
Pepco Group, the owner of brands such as Poundland, Pep&Co and the Dealz brands, has been valued at between €4.8bn (£4.1bn) and €5.8bn (£5bn) ahead of its listing on the Warsaw stock exchange. In a publication of its prospectus for the offering, Pepco revealed the listing will consist of up…
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5 May
Boohoo profits soar 35% in full-year results
Boohoo has reported that its pre-tax profit soared by 35% to £124.7m for the year ended 28 February 2021, up from £92.2m the prior year. In the same period, revenue climbed 41% to £1.7bn, up from £1.2bn the previous year, which Boohoo attributed to the growth of its longer established…
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5 May
Kick Game launches first store outside of London
Leading UK sneaker and streetwear specialist, Kick Game, has opened its first store outside of London, with a new site in the Birmingham Bullring and Grand Central. To celebrate the brand’s third store opening in 12 months, Kick Game has partnered with British rapper and songwriter Mist who launched the…
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5 May
Sosandar appoints Steve Dilks as CFO
Sosandar, the online women’s fashion brand, has announced the appointment of Steve Dilks to the company’s board as chief financial officer. Dilks joined Sosandar in September 2020 as a finance director, after spending 11 years with Regatta, the outdoor apparel business. In addition, following his appointment to the board, Mark…
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5 May
And So To Bed returns to profit in FY20
And So To Bed, a luxury bedroom furniture retailer, returned to a £330,000 profit for FY20, recovering from a £108,000 loss in FY19. It comes despite the group revealing revenue for the 12 months to 31 December 2020 declined 12.8% year-on-year. However, a reduction in administrative expenses of over £1m…
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5 May
UK retail footfall hit by bad weather
New data from Springboard has revealed that footfall at UK retail destinations dropped by 2% last week from the previous seven-day period, despite the reopening of non-essential retail stores across the country. The footfall decrease was primarily due to a considerable drop of 6.1% in high street footfall, despite footfall…
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4 May
M&S names Andrew Shaw as head of BWS
Marks and Spencer has announced the appointment of Andrew Shaw as the group’s head of beers, wines, and spirits (BWS). Joining alongside a number of senior commercial appointments, Shaw will report directly to Lizzy Massey, ambient trading director at M&S. Shaw will be tasked with strengthening the company’s transformation plan,…
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4 May
PM announces new £1bn trade agreement with India
Prime minister Boris Johnson has announced a new £1bn trade agreement with India which will create more than 6,500 UK jobs. The agreement includes an enhanced trade partnership which will unlock new opportunities for British businesses exporting to India and vice-versa and will pave the way for future UK-India free…
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4 May
WH Smith mulls takeover of Dixons Carphone’s airport stores
WH Smith is reportedly eyeing up a takeover of Dixons Carphone’s airport stores, after the electronics business closed 35 of its travel shops following the effects of the pandemic. According to The Telegraph, Carl Cowling, WH Smith’s chief CEO, said the exit was “another opportunity” to roll out its own…
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