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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May- 2019 -30 May
N Brown hires first chief brand officer from Missguided
Jacamo owner, N Brown has announced it has appointed Kenyatte Nelson from Missguided as its first ever chief brand officer. At Missguided, Nelson is currently chief customer officer and before that spent three years as group marketing director at Shop Direct. Nelson will begin his new role with N Brown…
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30 May
Tapestry hires new COO from VF Corporation
Tapestry, the New York-based parent company of fashion brands such as Kate Spade, Stuart Weitzman and Coach, has appointed Thomas A. Glaser as its new COO effective July 15, 2019. Glaser will have responsibility across the end-to-end supply chain and the information technology backbone for Tapestry and its brands with…
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29 May
UPDATE: Reiss owner denies reports of potential sale
The owner of fashion retailer Reiss has called reports of a potential sale of its majority stake in the business as “categorically untrue”. According to The Telegraph Warburg Pincus was considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. However…
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29 May
Boots could close up to 200 stores
Boots owner Walgreen Boots Alliance (WBA) have plans to close up to 200 underperforming stores, according to Sky News. The health and beauty retailer which employs more than around 56,000 people, saw profits fall by more than 18% last year. The potential closures would see just under 10% of Boots’…
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29 May
Reiss owner mulls sale of majority stake
The US private equity firm Warburg Pincus is reportedly mulling over the sale of its majority state in upmarket fashion retailer Reiss. According to The Telegraph Warburg Pincus is considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. Warburg Pincus…
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29 May
WHSmith ranked worst retailer in Which? Survey
WHSmith has finished bottom of Which?’s annual UK high street shops survey rankings of more than 100 shops, while specialist retailers came out on top. The annual survey of more than 7,700 Which? members looked at the bricks-and-mortar shops offering the best in-store experiences. WHSmith finished with a customer score…
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29 May
MacKenzie Bezos to donate half of her $37bn fortune to charity
MacKenzie Bezos has announced she will donate half of her nearly $37bn (£29bn) fortune to charitable causes. It comes after the announcement of her divorce with Amazon founder Jeff Bezos in February of this year, after a 25-year marriage. In April Jeff agreed to an eye-watering divorce settlement of around…
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28 May
Monsoon founder to inject £34m into business to avoid collapse
The founder of women’s clothing and accessories chain Monsoon has pledged to provide up to £34m in funding for the company to avoid its collapse. Peter Simon is reportedly seeking rent reductions for roughly two thirds of its 271 outlets in a bid to keep stores open and improve the…
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28 May
Co-op launches £300m sustainability bond for Fairtrade commitments
Co-op has announced it has launched a new £300m sustainability bond in order to keep up with its Fairtrade commitments. According to Co-op the sustainability bond will be the first ever for a retailer, and will aim to give farmers a better deal for produce along with adding more Fairtrade…
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28 May
Nearly three quarters of retail staff feel underpaid, study finds
Nearly three quarters (71.4%) of retail professionals believe they are underpaid, according to new research from the CV-Library. The study surveyed 1,200 working professionals and also found that over a third (37.7%) work one to three hours extra per week, amounting to 96 hours per year and meaning retail professionals…
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