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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Mar- 2021 -16 March
JML appoints two new directors to board
JML has announced the appointment of Susan Aubrey-Cound and Simon Hathway as new non-executive directors of its board. The retail group, which owns brands such as Doktor Power, Walkmaxx, Chillmax, and Phoenix Gold, has promoted Kevin Dickens to the position of group marketing director as part of its growth plans.…
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15 March
Screwfix to open 50 new stores in UK and ROI
Screwfix has announced it plans to open more than 50 stores, creating around 600 new jobs in communities across the UK and the Republic of Ireland (ROI) by the end of January 2022. Of the new stores, 40 will be in the UK, creating up to 500 new jobs, with…
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15 March
In The Style announces successful AIM admission
In The Style, an e-commerce womenswear fashion brand, has announced the successful admission of its entire issued and to be issued share capital on the London Stock Exchange’s junior AIM market. The admission sees 5.5 million new ordinary shares and 24 million existing ordinary shares placed at 0.25 pence and…
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15 March
LionRock capital completes Clarks deal
LionRock Capital has confirmed the completion of its partnership with Clarks, as initially announced on 4 November 2020, which will see it acquire a majority stake in the business for an investment of £100m. The board has also announced the appointment of Victor Herrero as executive chairman and CEO, replacing…
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15 March
N Brown to expand third-party brands
N Brown has reportedly announced that it will be expanding the number of brands to its third-party roster, including Finery, Nobody’s Child and Wrangler, according to Drapers. Finery is set to launch on Simply Be later this month, while Nobody’s Child will appear on the site in April 2021. Joining…
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15 March
Oxford Street kicks off £150m regeneration plan
Westminster City Council has launched its “ambitious” £150m plans to renovate Oxford Street, beginning with a series of temporary interventions to encourage higher footfall after lockdown. The initial interventions aim to boost footfall and support businesses in the area, and will be closely followed by council-led projects that will “permanently…
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15 March
Hammerson confirms board reshuffle
Shopping centre operator Hammerson has announced a number of changes to the composition of its board members. Pierre Bouchut, non-executive director and chair of the audit committee has revealed that he will not be standing for re-election at the 2021 annual general meeting (AGM). In turn, Mike Butterworth will take…
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15 March
H&M Q1 sales fall 21% to £3.4bn
H&M has announced that group net sales decreased by 21% in local currencies to SEK 40.1bn (£3.4bn) in its first quarter of trading, compared with the same period the previous year. The group stated that sales development was “significantly affected” by the Covid-19 situation, with over 1,800 stores temporarily closed…
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15 March
Covid-19 forced over 17,500 chain stores to close in 2020
More than 17,500 chain stores were forced to close last year across the UK, as Covid-19 has created one of the worst declines for retail on record. According to research by PwC and the Local Data Company, 2020 saw an average of 48 shops, restaurants and leisure venues close every…
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12 March
Sainsbury’s announces director appointment
J Sainsbury plc has announced the appointment of Adrian Hennah to its board as a non-executive director. Hennah is set to join the group’s audit committee and nomination committee on 1 April 2021, and will then act as chair of the audit committee following an AGM. David Keens, the current…
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