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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Mar- 2024 -1 March
Stuart Hill leaves Matches for DHL CEO role
Stuart Hill, COO of Matches Fashion, is set to leave his role to join DHL UK as its new CEO.…
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1 March
Sainsbury’s to axe 1,500 roles amid cost-cutting programme
Sainsbury’s has announced that it will reduce the number of roles across the business by approximately 1,500 as part of…
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Feb- 2024 -29 February
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked…
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29 February
Majestic named exclusive UK distributor for Blake Lively’s drinks
Majestic has become the exclusive distributor of actress and entrepreneur Blake Lively’s drinks brands – Betty Buzz and Betty Booze…
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29 February
Tesco launches Accelerator Programme for developing brands
Tesco has welcomed 27 up-and-coming brands to its Welwyn Garden City campus as it launched its new innovation initiative, the…
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29 February
Hammerson rental income jumps 6% amid footfall boost
Hammerson has reported a 6% increase in like-for-like gross rental income following a record year of leasing with 306 deals.…
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29 February
Half-term boost fails to save Feb footfall
Half-term failed to save footfall figures in February as it declined by -2.2% across UK retail destinations for the second…
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29 February
Central Co-op calls on gov to address ‘alarming rise’ in retail crime
Central Co-op is encouraging its members and customers to write to their local MPs and advocate for legislative reform that…
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29 February
Frasers Group CMO exits amid marketing team restructure
Frasers Group chief marketing officer Beckie Stanion has left her post amid a restructure of the company’s marketing team, leaving…
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29 February
Ocado posts £394m FY loss despite improved cash flow
Ocado has posted a £394m pre-tax loss for FY23, despite also reporting strong revenues growth, positive adjusted EBITDA and improved…
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