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- 2025 -6 February
Metrocentre sees 9.2% footfall increase in 2024
Metrocentre has announced a “record-breaking” year as it saw a 9.2% year-on-year footfall increase in 2024. During the year, the…
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6 February
BoE cuts interest rates to 4.5%
The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June…
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6 February
EU Commission launches probe into Shein amid import crackdown
The European Commission has launched a probe into Shein as part of a crackdown against a flood of cheap e-commerce…
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6 February
Pandora profits up 13% as it prioritises jewellery
Pandora has seen its EBIT rise 13% to £890m in its FY24 as a result of its ‘Phoenix strategy’ pushing…
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6 February
Tesco mulls takeover of Crown Post Office branches
Tesco is reportedly eyeing a potential takeover of more than 100 Crown Post Office branches across the UK, in a…
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6 February
Asda recruits former Matalan CEO as non-exec director
Asda has announced the appointment of Jo Whitfield, the former CEO of Matalan, to the role of non-executive director. Until…
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6 February
M&S backs Starmer’s bid for closer EU relations
M&S has backed Keir Starmer’s call for closer ties with the EU and an end to “Brexit bureaucracy”, The Telegraph…
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5 February
Today’s news in brief-5/2/25
A Welsh fashion designer has taken Boohoo, and its affiliated brands PrettyLittleThing, Nasty Gal Limited, Misspap, and Debenhams, accusing it…
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5 February
Estée Lauder to axe up to 7,000 roles amid restructuring plan
Estée Lauder has revealed its plans to cut up to 7,000 roles globally as part of its latest cost-cutting plan,…
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5 February
Amazon reports fastest ever Prime delivery times in 2024
Amazon achieved its fastest delivery speeds ever for Prime members globally in 2024, and delivered more than nine billion items…
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