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 -9 February
Five lessons from the demise of The Body Shop
In the face of recent news that The Body Shop’s UK operations are preparing to enter administration, a reflection on…
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9 February
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims…
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9 February
Verte and Round Retail launch pop-up shop
The Sloane Stanley Estate has announced that Verte and Round Retail have launched a collaborative pop-up shop at 340 King’s…
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9 February
Lucy and Yak partners with True Fit on AI fit recommendations
British clothing brand, Lucy and Yak, has partnered with True Fit, an AI platform that decodes size and fit for…
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9 February
Under Armour sees dip in profits amid decline in sales
Under Armour has reported a 25% dip in operating income to $70m (£55m) for the three months to 31 December…
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9 February
EE opens new Gateshead store amid £6m investment
EE has announced the opening of its latest Experience store in Gateshead, the fourth of 10 planned openings. The announcement…
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9 February
Tesco sells banking arm to Barclays in £700m deal
Tesco has announced the sale of its banking arm to Barclays in a £700m deal. Initially for a 10-year period,…
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9 February
Waterstones pre-tax profits plummet amid tech issue
Waterstones revealed that pre-tax profits fell to £11.2m in the year ending 29 April 2023 from £50.6m reported last year,…
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8 February
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who…
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8 February
Primark to upsize Metrocentre location
Primark is set to do an upsize of 14,100 sq ft of trading space for the Metrocentre location. The retailer…
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