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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Aug- 2019 -15 August
Wyevale sells John Browns site to Hillier Garden Centres
Wyevale Garden Centres has announced the sale of its John Browns site to Hillier Garden Centres. It’s the second transaction with Hillier following the sale of four centres in April. The store will continue to be run as a garden centre and the sale is expected to complete by the…
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15 August
Moss Bros announces boardroom shakeup
Moss Bros Group has announced a shakeup to its boardroom with the appointment of Avis Darzins as a non-executive director from 1 September 2019. The suitwear retailer also announced that Maurice Helfgott, following nine years’ service, will no longer be the senior independent non-executive director from 1 October 2019, when…
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14 August
Superdry appoints new CFO
Superdry has appointed Nick Gresham as its new chief financial officer on a permanent basis. Gresham joined Superdry as Interim CFO on 3 June 2019, and commenting on his appointment, Peter Williams, chairman of the board of Superdry, said: “Nick has made a great impact since joining Superdry in an…
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14 August
First Co-op franchise to open at Newcastle University campus
Co-op is to launch its first franchise in the North-East, after reaching an agreement with Newcastle University Student Union (NUSU). The agreement will see the existing student union store on campus extended and renovated in time for the new academic year. The 2,500 sq. ft. store will offer Co-op’s full…
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14 August
Steinhoff confirms refinancing after accounting ‘scandal’
Poundland owner Steinhoff has confirmed refinancing of €9bn (£8.3bn) of debt after the company was involved in an accounting ‘scandal’ over the last few years. The group announced this in its half year report, where European revenue rose by 13% to €1.7bn (£1.57bn) for the period up to 31 March…
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14 August
Grant Thornton quits as Sports Direct auditor
Sports Direct has confirmed accountancy firm Grant Thornton is to step down from its role as auditor. Sports Direct said on 13 August 2019 it received notice from Grant Thornton, “following a review of its client portfolio”, it intended not to seek reappointment as the company’s auditors and will cease…
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13 August
UK can avoid no-deal ‘Brexit chaos’, says Next CEO
Next CEO Simon Wolfson has said he believes that the UK will avoid “serious disruption” in the case of a no-deal Brexit. Speaking to the BBC’s Today Programme, Wolfson, who supported the Leave campaign in 2016, believes a no-deal Brexit will only lead to “mild disruption”. He said the government’s…
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13 August
Card Factory posts robust sales growth despite challenging environment
Greeting cards, dressings and gifts retailer Card Factory has reported a 5.5% increase in sales for the six months ending 31 July 2019. The retailer’s like-for-like sales grew by 1.5% during the period, following a strong first quarter particularly supported by its successful Valentine’s Day and Mother’s Day seasonal ranges.…
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13 August
Over 50 retailers sign letter demanding business rates fix
Over fifty major retailers have come together to demand the government takes action to fix the “broken” business rates system. In a letter to the new chancellor, Sajid Javid, retailers have called on the government to put business rates “at the heart” of the promised new economic package. The letter,…
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13 August
Dr Martens profits soar in full-year results
Profits and sales at footwear retailer Dr Martens continued to rise last year, EBITDA for the period soared by 70% to £85m for the year ending 31 March. Group revenue increased by 30% to £454.4m, as the company focused on direct to consumer (DTC) channels, which now accounts for 44%…
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