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 -15 March
JD Sports named among businesses ‘failing’ on gender diversity
The Investment Association and the Hampton-Alexander Review have written to 69 of the FTSE 350 companies, including fashion retailer JD Sports, outlining concerns about the lack of gender diversity on its boards. The letter, which has been sent to companies who have no women or just one woman on their…
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15 March
John Lyttle joins Boohoo as CEO
Boohoo has announced that former Primark COO John Lyttle has officially joined the online retailer as its new CEO with immediate effect. Lyttle joins boohoo following an eight-year tenure at Primark Stores Limited, a division of Associated British Foods plc. Boohoo said his appointment is a “key constituent” of the…
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15 March
Mild February fails to significantly boost UK retail spending
The total retail spend index in February rose only 3.4 percentage points (ppts) versus a poor performance in January, according to data and analytics company GlobalData. Analysts said this subdued growth was “especially disappointing” in light of the UK experiencing the hottest February on record, which should have driven sales.…
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15 March
Inditex to merge Zara with Zara Home
Inditex is to merge Zara and Zara Home, despite growing the Zara Home brand since 2003. Integration plans have already been implemented in some locations, including St Petersburg, London and Madrid while the brands’ websites will continue to trade separately. For the meantime Zara Home will continue to trade as…
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14 March
B&Q to stop selling wildlife-harming pesticide
B&Q owner, Kingfisher has announced it will become the first retailer to stop selling wildlife-harming pesticides ahead of a government ban next year. The DIY retailer will remove the products from its 1,200 stores and from its online retail arm. The move comes following a government decision last December which…
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14 March
DFS revenues jump 29.1% in H1 results
Furniture retailer DFS has reported a 29.1% increase in group revenue to £422.3m for the 22 weeks ending 30 December 2018. Reported profit before tax more than doubled to £14.1m during the period from £6.2m last year, and underlying pro-forma EBITDA increased by 23.8% to £32.8m. The retailer also opened…
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14 March
Mamas & Papas signs wholesale deal with John Lewis
Mamas and Papas, the leading nursery brand, is partnering with John Lewis and Partners to supply a curated range of products on Johnlewis.com and in-store. The initial range will include best-selling travel items, including its award-winning Ocarro and Armadillo pushchairs and its new Flip XT3 design. In addition to offering…
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14 March
Sports Direct offers Debenhams £150m loan
Debenhams has confirmed it is considering an offer made by Sports Direct for a £150m unsecured 12 month loan. The news comes after the department store announced it was in discussions with its lenders to obtain the funding, a move which seemed to counter shareholder Mike Ashley’s attempt to appoint…
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13 March
£2.4m Moran’s Retail overhaul to create 30 jobs
Northern Irish grocery store chain, Moray’s Retail has announced it is to overhaul three stores creating 30 new jobs. The retailer will redevelop outlets in Derry, Coleraine and Ballykelly, creating jobs in catering, management, retail and admin. Along with redevelopment work, the retailer will also open a new state-of-the-art store…
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13 March
Sergio Rossi opens flagship in London
Shoe and handbag brand, Sergio Rossi, will be opening its newest store on London’s Mount Street, Mayfair. The 100 sqm retail space will be its flagship with an aim to “perfectly summarise” the identity of the brand. The store concept has been created by architect Marco Costanzi and a collection…
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