News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Feb- 2020 -5 February
Aldi opens new £64m distribution centre
Budget supermarket Aldi has opened a new £64m distribution centre in Sawley, Derbyshire. The site, which spans over 600,000 sq…
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5 February
Wilko appoints Jerome Saint-Marc as its first CEO
Home and garden needs retailer Wilko appointed Jerome Saint-Marc as its first ever CEO to help “lead the business forward”.…
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5 February
Poundland sales jump in first-quarter results
Discount retailer Poundland has reported a 1.3% increase in like-for-like sales for the three-month period ended 23 December 2019. Poundland…
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5 February
John Lewis appoints new executive director
John Lewis has announced the appointment of Nina Bhatia as executive director, strategy and commercial development. Bhatia will commence her…
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4 February
Ikea reveals plans to shutter first UK store, 352 jobs at risk
Ikea UK has announced the proposed closure of its Coventry store in summer 2020, putting 352 jobs at risk. The…
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4 February
UK supermarkets see ‘disappointing’ sales growth in January
Supermarket sales grew by only 0.7% in January 2020, down from 3.3% in 2019, according to new data released from…
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4 February
Former Poundland owner plans £3.8bn takeover of Pepco
Advent international, the former owner of Poundland, has reportedly teamed up with two rival equity firms to launch a takeover…
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4 February
Retail chief executive turnover reaches seven-year high in 2019
Retail chief executive turnover has reached a seven-year- high, a new study has found. The Korn Ferry’s eighth annual UK…
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4 February
Frasers Group acquires stake in Mulberry
Frasers Group has bought a 12.5% stake in luxury fashion brand Mulberry. The Mike Ashley-owned group said the move was…
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3 February
Beales slashes 32 head office roles following administration
Embattled department store chain Beales has announced 32 job cuts at its head office in Bournemouth, nearly two weeks after…
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