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- 2019 -19 March
Asos sales jump 13%
Online retailer Asos has reported a 13% increase in total sales on a reported basis, for the three months ending 28 February 2019. Total orders placed during the period increased by 15% to 17.3m year-on-year, and retail gross margin increased by 40 bps. Additionally, the retailer said it continued to…
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19 March
Marco Agnolin departs Diesel CEO role
Marco Agnolin has announced he has stepped down as CEO of Diesel after just over a year in the role. Agnolin will officially leave the role on 27 March, however he will continue to serve on the company’s board. The CEO joined Diesel in January 2018 after leaving Inditex’s Bershka…
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19 March
Mahabis appoints Iain Martin as its new CEO
Mahabis, the upmarket footwear retailer, has appointed former Moonpig MD Iain Martin as its new chief executive, taking over from interim chief executive, James Cox. During his nine-year leadership at Moonpig, which he joined in 2006, Martin grew revenue from £1.8m to over £60m and took EBITDA growth from £0.3m…
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19 March
Bonmarche issues another profit warning
Clothing retailer Bonmarche has warned on its profits after it saw “significantly weaker” trading since the beginning of March. The retailer said its performance reversed sales gained in previous months and said if this continued for the rest of the month, it expected its underlying profit before tax to record…
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18 March
Links of London on ‘verge of collapse’
British jewellery brand Links of London is on the verge of collapse, according to reports. The Times said the jeweller, which has around 350 stores, is now working with Deloitte, and has looked into a company voluntary arrangement (CVA) to cut rents and close stores, putting 500 jobs at risk.…
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18 March
M&S to add full range of food products to more standard stores
Marks and Spencer has announced it is planning to add its full range of food products to its standard stores as it targets the family shopping trip. Currently only 12 of the retailer’s stores offer all 6,500 items in its food range, with the retailer’s Simply Food convenience stores deemed…
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18 March
Moss Bros appoints Joules CEO as new director
Men’s fashion retailer Moss Bros has appointed Colin Porter as its new non-executive director, effective 18 March 2019. According to the retailer, Porter will become chairman of the company following its AGM in May 2019, when, as part of the board’s succession planning, the current chairman, Debbie Hewitt, will retire…
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18 March
Zalando discontinues private label business
Zalando, the online platform for fashion and lifestyle, has announced it will discontinue its private label business zLabels as it aims to unite all of its private labels and partner brand assortments under one roof. ZLabels will be discontinued as of April 1, 2019 and starting spring/summer 2020, Zalando said…
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18 March
JD Sports to buy Footasylum for £90.1m
JD Sports has revealed it has made an offer to buy its remaining shares in struggling rival retailer Footasylum in a £90.1m takeover. JD Sports said it had “reached [an] agreement on the terms of a recommended cash offer” which will be financed from JD’s existing cash resources and facilities.…
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15 March
Jobs and stores could go as Green considers Arcadia restructure
Sir Philip Green is preparing to unveil a company voluntary agreement (CVA) for Arcadia in a matter of weeks, Sky News has reported. The proposal could result in a number of job losses and store closures across its high street brands which include Topshop, Miss Selfridge, Dorothy Perkins and Warehouse.…
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