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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Nov- 2020 -26 November
J.Crew appoints new CEO
J.Crew Group has announced that Libby Wadle has been named as CEO, overseeing J.Crew and J.Crew Factory in addition to her current leadership responsibilities at Madewell. It comes as the prior CEO, Jan Singer, has “decided to pursue other endeavours”. Wadle brings 25 years of retail and apparel industry experience…
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26 November
ScS appoints new CEO as trading remains steady
ScS has reported its trading remains “in line with expectations”, alongside the announcement of a new chief CEO ahead of the retailer’s AGM. The furniture retailer said its like-for-like order intake increased by 15%, from 26 July to 1 November, but declined by 65.2% in the three weeks to 21…
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25 November
Kingfisher acquires NeedHelp marketplace
Kingfisher has announced its acquisition of NeedHelp, one of Europe’s leading home improvement marketplaces, for a total cash consideration of €10m (£8.9m). Guillaume de Kergariou, founder of NeedHelp, has reinvested proceeds from the sale in a 20% interest in the business, which has resulted in the home improvement retailer owning…
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25 November
Gap appoints new chief growth officer
Gap Inc. has announced that Asheesh Saksena will join the senior leadership team as chief growth officer, a position he will assume in January 2021. The newly created position will reportedly focus on executing the company’s strategic agenda and growth initiatives for the future. Saksena most recently served as president…
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25 November
Patisserie Valerie partners with Sainsbury’s
Patisserie Valerie has partnered with Sainsbury’s in a deal that will see 250 stores stock its goods ahead of the Christmas period. According to The Telegraph, the baked goods will be sold in its supermarkets from 2 December. The deal is a first for the brand, which became entangled in…
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25 November
Retail to stabilise as restrictions ease, says CBI
The Confederation of British Industry (CBI) has suggested that retail sales are set to stabilise as lockdown restrictions begin to ease. Although retail sales volumes fell in the year to November, overall retail sales volumes fell at a similar pace to the previous month, according to the latest CBI quarterly…
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24 November
Abercrombie & Fitch to close seven flagship stores
Abercrombie and Fitch has announced it is planning to close its flagship stores in London and six further cities in a bid to restructure the business. The move forms part of its “ongoing global store network optimization initiative”, as well as its reported goal of repositioning from larger format, tourist-dependent…
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24 November
Burberry appoints non-executive director
Burberry has announced that Antoine Bernard de Saint-Affrique has been appointed to the board as a non-executive director and member of its audit and nomination committees. His roles will come into effect from 1 January 2021. Bernard de Saint-Affrique is currently CEO of the Barry Callebaut Group, a manufacturer of…
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24 November
JD Sports enters Debenhams takeover talks
JD Sports has reportedly entered into talks with advisors regarding a deal which would see the sportswear company take full control of Debenhams. According to the Telegraph, the retailer is interested in purchasing the entire department store shop estate, but is not looking to convert the outlets into JD Sport…
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24 November
Pets at Home ‘optimistic’ as sales rise in H1
Pets at Home has announced that group revenue grew by 5.1% to £574.4m in the half-year ended 8 October 2020, noting that the underlying pet care market remains “in good health” despite the pandemic. While the group saw pre-tax profit fall by 5.1% to £39.6m in the period, down from…
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