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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Dec- 2020 -18 December
John Lewis Partnership appoints Rita Clifton CBE as deputy chair
The John Lewis Partnership has announced that Rita Clifton CBE has been appointed as the group’s next deputy chairman. Clifton will join the Partnership board next February, and brings with her “significant” experience as a non-executive director in a range of consumer facing sectors. She replaces Keith Williams in the…
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17 December
Furlough scheme extended until April 2021
The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages to employee’s pay, Chancellor Rishi Sunak has confirmed today (17 December). The government will also extend current government-guaranteed Covid-19 business loan schemes until the end of March. This includes…
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17 December
Internet Fusion create a packaging process that is over 99% plastic-free
Internet Fusion Group, a leading lifestyle e-commerce retailer with brands such as Surfdome and Country Attire, have created a sustainable packaging process that is over 99% plastic-free. Investments in two Quadient CVP-500 automated packaging machines and switching to Corrugated Fanfold material from Ribble Packaging, have aided with their pursuit of…
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17 December
Restrictions widen as millions enter Tier 3
UK government officials have announced that the majority of the South East and East of England will enter Tier 3 this weekend, as coronavirus cases continue to rise in many parts of the country. Health Secretary Matt Hancock said that the increased restrictions were necessary in order to control the…
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17 December
Watches of Switzerland profits soar in H1
Watches of Switzerland has reported an increase in its half-year profits, with profit rising to £36.2m in the 26 weeks ended 25 October, up from a £9m loss reported the prior year. Total sales fell 2.6% on a constant currency basis to £428.7m in light of forced lockdowns and other…
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17 December
Julian Dunkerton named permanent CEO at Superdry
Superdry has announced that founder Julian Dunkerton has been appointed as CEO on a permanent basis, replacing his interim contract which was previously due to expire on 2 April 2021. As permanent CEO, Dunkerton will reportedly build on the “good progress” made in regards to “resetting” the business and brand…
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17 December
Lidl adverts ‘misleading’, rules ASA
The Advertising Standards Authority (ASA) has ruled that the recommended retail prices (RRP) in a series of Lidl adverts were “misleading”, after the authority received a complaint from competitor chain Aldi. The adverts, which ran between April and May of this year, were featured across national press as well as…
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17 December
Non-essential retail to close in Wales
The First Minister of Wales has confirmed that the country will move to alert level four amid rising Covid-19 cases, with all non-essential retail ordered to close at the end of trading on Christmas Eve. Close contact services and all leisure and fitness centres will also close on 24 December,…
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16 December
Yoox Net-A-Porter appoints new global operations director
Yoox Net-A-Porter has announced the appointment of Mirko Nobili as its new global operations director. Nobili’s appointment into the senior role aims to further advance the global operations for the entirety of the group’s ecosystem of multi-brand and mono-brand stores. His key focus will reportedly be on maximising the company’s…
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16 December
Ocado has largest pay gap between CEO and staff, report finds
Online grocer Ocado reportedly has the highest pay gap between workers on the shop floor and those in senior level positions, according to a new report by the High Pay Centre. The report found that Ocado’s CEO Tim Stenier was paid £58.7m last year, while his employees made an average…
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