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
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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9 May
Frasers Group closes in on Ted Baker deal
Frasers Group is reportedly closing in on a deal to become the new partner of struggling retailer Ted Baker, Sky…
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9 May
CMA calls on grocers to prioritise accurate pricing
The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way…
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