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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Apr- 2024 -3 April
Aldi aims to invest over £380m in price cuts in 2024
Aldi has pledged to cut more prices than ever before in 2024 despite already investing more than £125m to reduce…
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2 April
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility…
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2 April
Wilko reopens store in Rotherham
Wilko officially returned to Rotherham on 29 March with a new store at Parkgate Shopping Centre. Deputy mayor of Rotherham,…
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2 April
Søstrene Grene to open new store at Festival Place
Danish homeware retailer Søstrene Grene is set to open a new location at retail destination Festival Place. The lifestyle brand…
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2 April
Shein profits clear $2bn mark ahead of IPO
Shein has seen its profits double to over $2bn (£1.6bn) while it waits to launch its IPO in either London…
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2 April
Shop price inflation falls to lowest level in two years
Shop Price annual inflation eased to 1.3% in March, down from 2.5% in February, marking its lowest level since December…
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2 April
Frasers appoints boyfriend of Mike Ashley’s daughter to board
Frasers Group has appointed a director to its board who is reportedly in a relationship with founder Mike Ashley’s youngest…
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2 April
FatFace unveils leadership changes following Next acquisition
FatFace has announced several new appointments within its senior leadership team to help drive the business forward following the acquisition…
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2 April
Superdry CEO abandons takeover as Hilco extends funding facility
Superdry CEO Julian Dunkerton’s plan to takeover the group has fallen through, as the fashion retailer has announced a funding…
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2 April
Naked Wines confirms Rodrigo Maza as new CEO
Naked Wines has confirmed the appointment of Rodrigo Maza as group chief executive officer effective from today (2 April), further…
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