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- 2025 -25 March
Morrisons to close 52 cafés and 17 convenience stores
Morrisons has announced it is set to close 52 cafés, all 18 market kitchens, 17 convenience stores, 13 florists, 35…
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25 March
THG successfully raises £90m with help from founder
THG has successfully fundraised £90m with the support from new investors and existing shareholders, including a £60m contribution from founder…
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25 March
WH Smith completes refinancing amid plans to sell high street arm
WH Smith has successfully completed a refinancing, which includes its first US Private Placement (USPP) as well as a new…
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24 March
Today’s news in brief-24/3/25
Harrods is nearing the finalisation of compensation payments for victims of sexual abuse by its former owner, Mohamed al Fayed,…
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24 March
The Range opens new superstore concept in Ruislip
UK home, leisure and garden retailer, The Range, has opened a new superstore in Ruislip featuring its first ‘Kitchens by…
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24 March
Harrods close to finalising compensation for al Fayed victims
Harrods’ lawyers at MPL Legal are reportedly close to finalising compensation payments, that are potentially worth more than £300k, to…
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24 March
In The Style owed more than £20m before rescue deal
In The Style had over £20m in debt when it was rescued following its collapse into administration, according to a…
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24 March
Frasers ups Asos stake amid takeover rumours
Frasers has raised its shareholding in online fashion retailer Asos to 25.13%, up from 24.21%, making it the second largest…
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24 March
Ocado scales back diversity targets amid DEI crackdown
Ocado has scaled back its diversity targets following a wider rollback of diversity initiatives in the corporate world, The Telegraph…
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24 March
Asda announces price cuts of up to 45% on 1500 products
Asda has announced it is cutting prices on 1,500 “family favourite” products by up to 45% both in store and…
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