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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Feb- 2024 -20 February
Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results
Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite…
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20 February
DukesHill appoints new non-executive chairman
DukesHill Ham Company has appointed Chris Dee, former director of food and home at Harrods and CEO of Booths, as…
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20 February
The Perfume Shop sales rise 18% over Valentine’s Day
The Perfume Shop experienced an 18% rise in sales volumes over Valentine’s Day, having sold 200,000 bottles of scent during…
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19 February
Wolf and Badger opens flagship shop in London
Wolf and Badger, the multi-channel retailer, has officially launched its UK flagship store at 102 Berwick Street, in Soho London. …
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19 February
Today’s news in brief-19/2/24
Nike has announced plans to cut 1,600 jobs, approximately 2% of its workforce, in response to disappointing sales figures in…
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19 February
Co-op reopens St Ives store following six-week refurb programme
Co-op has relaunched its Royal Square, St Ives, store following a six-week programme of works and improvements. The store, which…
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19 February
Mytheresa outperforms market despite falling profits
Luxury clothing retailer Mytheresa has hailed its Q2 performance as it said it “outperformed almost all competitors” despite posting an…
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19 February
Lush settles dispute with former boss over blocked share transfer
Bath bomb specialist Lush has settled a legal dispute with its former chief executive Andrew Gerrie’s investment firm, Silverwood Brands,…
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19 February
Nike to cut 1,600 jobs in cost trimming measure
Nike is set to cut 1,600 jobs, around 2% of its workforce, in an attempt to trim its costs after…
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19 February
Joe Browns appoints new CEO
Joe Browns, the fashion and homes retailer, has announced that Dawn Bannerman has joined as chief executive officer with immediate…
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