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 -10 May
John Lewis cut 3,800 jobs in past year to reduce costs
The John Lewis Partnership has revealed that it cut 3,800 roles across the company in an effort to reduce costs.…
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10 May
UK economy exits recession as GDP jumps 0.6% in Q1
The UK economy is no longer in recession after it grew by 0.6% between January and March this year, according…
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10 May
Frasers ups stake in Boohoo to 23.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 23.1% as it continues investing in a number of…
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10 May
Mothercare enters refinancing talks amid sales decline
Mothercare is exploring its refinancing options after sales fell by 13% to £281m in the year ended 30 March 2024,…
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10 May
WHSmith reveals 17 new Toys R Us locations
WHSmith has announced that it will open 17 Toys R Us shops over the summer months across the UK. The…
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10 May
Shoplifting cases fall 2% from ‘record’ high
Some 26% of retailers have reported experiencing customer theft in 2023, showing that shoplifting cases have dropped from a “record”…
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9 May
Today’s news in brief-9/5/24
Frasers Group is reportedly finalising a deal to become the new partner of struggling retailer Ted Baker following the collapse…
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9 May
Primark to join the Ashley Centre
Multinational fashion retailer Primark is set to join the Ashley Centre, Epsom’s premier shopping destination. This coincides with the centre…
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9 May
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to…
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9 May
Ocado appoints ex-BT chief as NED
Ocado Group has revealed that former BT chief Gavin Patterson has been appointed as an independent non-executive director with effect…
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