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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Sep- 2025 -19 September
Deliveroo chief executive to step down following DoorDash takeover
Deliveroo has announced that founder and chief executive Will Shu will step down after 13 years leading the food delivery platform. The news comes after Deliveroo agreed to a £2.9bn takeover by US rival DoorDash. Before founding Deliveroo in 2012, Shu studied for an MBA at the Wharton School and…
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19 September
Retail sales rise as sunshine and rate cuts boost August trading
Retail sales rose in August, closing out the summer on a stronger footing, according to new data from the Office for National Statistics (ONS). The ONS Retail Sales Index showed a 3% year-on-year increase in sales by value and a 1.2% rise in sales by volume, marking the third consecutive…
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19 September
UK consumer confidence falters ahead of Autumn Budget
UK consumer confidence has dropped by two points to -19 in September ahead of the Autumn Budget, according to GfK’s latest long-running index. The survey revealed that all five measures declined in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was down…
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18 September
Pets at Home CEO steps down as group lowers profit forecast
Pets at Home has announced the immediate departure of chief executive Lyssa McGowan and lowered its full-year 2026 profit forecast to between £90m and £100m. Non-executive chair Ian Burke has assumed the role of executive chair while a search is carried out for a new chief executive. McGowan had led…
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18 September
BoE holds interest rates at 4%
The Bank of England (BoE) has voted to hold interest rates steady at 4% amid concerns around the recent rise in inflation. At a meeting this week, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain the rate, as two members voted to reduce it by…
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18 September
Next CEO warns UK economy faces ‘anaemic growth’ despite HY profit uplift
Next has revealed that its profit-before-tax rose 13.8% to £515m for the half year ended July 2025 as its CEO warned that the UK is facing “anemic growth”. It comes as the group’s revenues rose 10.3% to £3.25bn, helped by favourable weather and business gained during the M&S cyber attack…
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18 September
Paul Smith names Ewan Venters as executive chairman
Paul Smith Ltd has appointed Ewan Venters as executive chairman, effective 1 October 2025. Venters, who joined the board as a non-executive director in February, was previously chief executive of the global contemporary art gallery Hauser and Wirth. Before that he led Fortnum and Mason for eight years, overseeing its…
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18 September
Morrisons sales rise 3% in Q3 as online business strengthens
Morrisons has seen like-for-like sales grow by 3.0% in its third quarter, despite rising inflation and “challenging” macroeconomic conditions, marking the eleventh consecutive quarter of like-for-like sales growth. Over the period, total sales rose by 3.5% to £4.0bn, bolstered by a strong online performance which saw double-digit like-for-like growth, making…
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18 September
Modella Capital leads race to acquire Claire’s UK arm
Modella Capital is leading the race to acquire the UK arm of Clire’s, after reportedly agreeing the outline of a deal with Ames Watson, the new US-based owner of Claire’s, Sky News has reported. The London-based investor, which bought WH Smith’s high street business earlier this year, is said to…
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17 September
Quiz summer sales jump 14% after restructuring process
Quiz Clothing has reported that its like-for-like store sales rose by an average of 14% in July and August following a restructuring earlier this year, with online sales increasing by 5% over the same period. The fashion retailer, which is based in Scotland, introduced a streamlining strategy in February that…
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