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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Mar- 2025 -3 March
Asda to scrap 10,000 bonuses for managers amid cost-cutting plans
Asda is reportedly set to axe the bonuses of thousands of workers as it looks to cut costs amid troubled trading. According to The Telegraph, more than 10,000 managers were told that they will not receive the payouts, having usually expected to receive bonuses in the first three months of each…
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3 March
Morrisons expands senior leadership team with new hires
Morrisons has announced the formal appointment of Martin Dawson as group retail director and the promotion of Charlotte Exell to online director. Alongside this, the supermarket has appointed Matt Heslop as director of convenience and wholesale, starting in early March 2025. Heslop has been at Lidl for over 20 years…
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3 March
Angling Direct adds former French Connection COO to its board
Angling Direct has announced the appointment of Neil Williams, the former chief operating officer of French Connection Group, as an independent non-executive director effective immediately. A chartered accountant who qualified at KPMG, Williams joins with extensive retail, consumer and public markets experience. He held his board role at French Connection…
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3 March
Go Outdoors to trial bodycams to protect store staff
Go Outdoors has begun trialling bodycams at its Stoke store in a bid to keep its colleagues safe at work and prevent theft. The news comes after the group announced its partnership with the Retail Trust, the charity that works to protect the lives of retail staff. The British Retail…
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Feb- 2025 -28 February
Today’s news in brief-28/2/25
London Mayor Sadiq Khan has launched a public consultation on proposals to pedestrianise Oxford Street, aiming to transform it into a greener, more vibrant destination. The consultation, open until 2 May, seeks public input on creating a Mayoral Development Corporation to oversee the area’s regeneration. Oxford Street, contributing £25bn annually…
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28 February
UK retail sales grow 2.3% in February, BDO reveals
Total retail sales in discretionary spend categories grew by 2.3% in February, compared to a negative base of -1.3% in the same month in 2024, according to BDO’s latest High Street Sales Tracker. The latest report from accountancy and business advisory firm BDO shows that in store sales in lifestyle…
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28 February
TJX net sales up 4% to $56bn
The TJX Companies has revealed that its net sales rose 4% to $56bn (44.4bn) for the year ended 1 February 2025. Its TJX International business, which incorporates Europe and Australia, posted net sales of $7.2bn for the full year, an increase of 6%. Furthermore, the company’s net income was $4.9bn…
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28 February
Whole Foods to open first new UK site since 2014
Whole Foods Market has announced it is set to open its first new UK site since 2014 on London’s King’s Roads. Whole Foods Market has more than 535 stores in the US, UK and Canada, with nearly 90 stores in the pipeline. In 2024, the grocer announced and opened a…
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28 February
Former Poundland boss steps into leadership role at Howdens
Former Poundland managing director Austin Cooke has been appointed as managing director for trade at Howdens. The news comes after Cooke made the decision to step down from his role at Poundland after seven-and-a-half years. He began his career at Poundland as a retail director before progressing to transformation director,…
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28 February
London Mayor launches proposal to pedestrianise Oxford Street
The Mayor of London Sadiq Khan has today (28 February) launched a public consultation on proposals to pedestrianise Oxford Street. Oxford Street is an area of critical national economic importance, with an estimated annual contribution to London’s economy of £25bn in 2022. But the area has suffered in recent years…
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