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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May- 2024 -31 May
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased…
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31 May
Tesco signs new wind farm deal to accelerate renewable energy projects
Tesco has announced it has signed a new deal to take 150GWh of power from Stranoch wind farm every year. …
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31 May
Ribble Cycles appoints new CEO
Ribble Cycles has appointed Sean Hastings as its new CEO, effective 1 July, 2024. He joins from B2C Group, where he…
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31 May
Supermarkets enjoy 3.3% sales boost in May
Total Till sales at UK supermarkets remained strong at +3.3% growth for the four weeks ending 18 May 2024, according…
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31 May
Burberry CEO forgoes bonus amid PBT slump
Burberry CEO Jonathan Akeroyd has missed out on a bonus after the luxury brand reported a pre-tax profit slump to…
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31 May
JD Sports PBT dips 8% amid ‘challenging market’
JD Sports has seen its profit-before-tax fall 8% down to £912.4m for the year ended 27 January 2024. Despite this,…
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31 May
Aldi signs news £750m deal with British apple grower
Aldi has signed a new £750m deal with a family-owned Kent-based fruit farm to continue being the supplier of apples…
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30 May
Today’s news in brief-30/5/24
Marks & Spencer (M&S) has appointed Alison Dolan as its new chief financial officer, succeeding interim CFO Jeremy Townsend, who…
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30 May
Carhartt WIP to open new flagship store in Soho
Lifestyle and apparel brand Carhartt WIP has recently signed for a new flagship store in Soho at 33-35 Brewer Street.…
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30 May
Clarks falls to £40m loss
Clarks has revealed that it posted a loss of £39.8m for the year ended 31 December 2023, down from a…
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