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- 2020 -3 March
Grocery sales increase in February
UK supermarkets saw “positive growth” in February, as total till sales increased to +0.7% in the last four weeks according to new data from Nielsen. Fast moving consumer goods (FMCG) sales at the top four supermarkets also returned to growth during the month, despite sales in general merchandise declining by…
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3 March
B&M appoints Alex Russo as new CFO
Discount retailer B&M has announced the appointment of Alex Russo as its new chief financial officer and executive director. Russo is currently the CFO of Wilko, having previously spent five years as an executive director and CFO at Asda. He has also held the position as director at Boots, Tesco…
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3 March
Greggs hails ‘exceptional’ record-breaking year
Bakery chain Greggs has reported a 13.5% increase in total sales to £1.1m for the year ended 28 December 2019. In what was a ‘record-breaking’ year for the group, company-managed shop like-for-like sales were also up 9.2%. Pre-tax profit excluding pre-tax charge was up 27.2% to £114.2m, with an overall…
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2 March
EG Group to vie with equity firms for Asda stake
The EG Group, owned by petrol station billionaire brothers Zubin and Moshin Issa, is reportedly among a number of interested private equity firms vying to acquire a majority stake in Asda. According to The Sunday Telegraph, the EG Group is one of a number of interested parties in acquiring a…
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2 March
Brighthouse reportedly on brink of collapse
Rent-to-own retailer Brighthouse is reportedly on the brink of collapse, following an increase in customer compensation claims. Sky News said the retailer was forced to place ‘Big Four’ accountancy firm Grant Thornton on “standby” to handle a possible administration in the coming weeks, which would place almost 2,400 jobs at…
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2 March
Debenhams denies lenders’ threat to hold up restructuring over rent cuts
Department store chain Debenhams has denied reports of it telling landlords that its lenders may not sign off a “critical debt restructuring” unless they agree to further rent cuts. Debenhams and its lenders agreed to swap £100m of debt for equity in April last year after it entered pre-pack administration,…
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2 March
Waitrose launches online roll-out programme
Waitrose has announced the launch of its new national online roll-out programme, which will add Waitrose.com online delivery service to a further 24 sites across the country. The supermarket giant said these sites were “strategically placed” to handle an increased demand for its online shopping service in preparation for its…
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Feb- 2020 -28 February
Card Factory strengthens executive team with new HR manager
Card and gifts retailer Card Factory has appointed Jennifer Lawrence as executive director of people, effective 1 June 2020. Lawrence was formerly human resources director at Costcutter and Card Factory said she has over 18 years of experience “shaping and implementing successful people strategies” for leading retailers and large businesses.…
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28 February
New £90m north-east retail development secures 23 brands
Plans to build a new £90m outlet shopping and leisure destination in the North of England have been unveiled, along with the first 23 brands to sign-up including BOSS, Calvin Klein, Tommy Hilfiger, Adidas, Levi’s, Mint Velvet, Joules, Gap and Skechers. Scotch Corner Designer Village, situated on the A1(M) in…
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28 February
Aldi removes single-use plastic lids from own-label products
Supermarket Aldi has announced it is removing all plastic lids on its own-label products, as part of its ongoing campaign to reduce single-use plastics. From March, the UK’s fifth-largest supermarket will stock products such as ready-to-drink coffee and own-label fresh cream without “unnecessary” plastic lids in over 780 stores across…
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