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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Feb- 2020 -10 February
Selfridges managing director exits
Simon Forster, managing director of Selfridges has departed from the department store after just over a year in the position. According to The Sunday Telegraph, Forster “abruptly” left last week amid a “loss in confidence in his leadership.” Selfridges said Forster decided to “pursue other interests”, but Insiders told The…
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10 February
Shopping centre footfall rises for first time in three years
Consumers were “attracted back” to shopping centres in January, according to Springboard’s latest footfall monitor. Shopping centre footfall increased by 0.2% against the year prior, which was the first month with an increase since March 2017, and the third month in a four-year period when footfall rose. Meanwhile, footfall in…
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7 February
Burberry warns on sales impact from coronavirus outbreak
Luxury fashion retailer Burberry has warned that its sales for the year ended March 2020 will be impacted by the recent coronavirus outbreak. Burberry said its recent guidance for the current financial year “predates the impact”, and currently 24 of its 64 stores in mainland China are closed with remaining…
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7 February
Retail jobs and applications plummet in January
The retail job market took a blow in the first month of 2020, with job numbers and applications both falling year-on-year, according to independent job board, CV-Library. It comes despite national growth among other industries in both areas, and CV Library said retail businesses “appear to have lost confidence in…
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7 February
Waterstones revenues soar in full-year results
Book retailer Waterstones has reported a 33% rise in profit before tax for the year ended April 2019, despite “a period absent of significant bestselling titles”. According to accounts filed with Companies House, the retailer also saw an 18% increase in operating profit amid rise in stationary, food, gifts and…
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7 February
Pets at Home appoints new chairman
Pets at Home has appointed Ian Burke as its new chairman following an “extensive” internal and external search process. The group initially said it was looking to appoint a successor to outgoing chair Tony DeNunzio in its interim results last November. Since 2017, Burke was chair of Studio Retail Group,…
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6 February
63% of midlands shoppers want to support independents, survey reveals
A new survey on the shopping habits of residents in Birmingham, Derby, Leicester, Lincoln and Nottingham has revealed that 63% of all respondents consider it “highly important to support local businesses and independent retailers”. Retail PR group Cartwright Communications, which conducted the survey, said that at a time when “empty…
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6 February
PETA buys Frasers Group stake amid anti-fur protests
PETA US has become a shareholder in Frasers Group, the animal rights group has announced. The move is in response to House of Fraser reportedly reversing its pledge to not to sell any fur products. The animal rights activists said that by breaking its previous pledge, the retail group was…
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6 February
M&S appoints new chief strategy and transformation director
Marks and Spencer has appointed Katie Bickerstaffe as its new chief strategy and transformation director. Bickerstaffe is currently a non-executive director of Marks and Spencer, and will take up her role on 27 April. She will serve on the board and operating committee as an executive director. She previously held…
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6 February
OnBuy secures £3m investment
OnBuy announced it has secured a £3m investment from VC fund Fuel Ventures after receiving “numerous investment offers”. The online retailer said the investment would “double” its workforce and sees the group expand into 20 countries, including the US, Canada and Australia by the end of the year. As well…
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