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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Nov- 2024 -11 November
Tesco to face £1bn increase to NI bill following Labour’s Budget
Tesco is expecting to see an increase of £1bn in its national insurance bill over the next four years following…
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11 November
Asda eyes more job cuts as Q3 sales fall 4.8%
Asda is reportedly planning further job cuts after confirming last week that some 475 roles in its Leeds and Leicestershire…
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11 November
Boohoo excludes Frasers from shareholder meetings amid ongoing row
Boohoo is reportedly set to meet its shareholders this week, but is excluding a meeting with majority shareholder Frasers Group…
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11 November
Ikea profits rise despite sales falling 8.9% in FY24
Inter Ikea, owner of the Swedish furniture brand, has reported higher profits despite a decline in revenues during the year…
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8 November
Haribo to open new shop at Bluewater in 2025
Haribo UK is set to open its 11th UK retail store at Bluewater in early 2025. The news comes after…
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8 November
Sainsbury’s CEO warns NI contributions will cause spike in prices
Sainsbury’s CEO Simon Roberts has warned that the rise in employer’s national insurance contributions announced in the Autumn Budget will…
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8 November
Boohoo accuses Frasers of ‘commercial self-interest’ as row continues
Boohoo has raised “concerns” over Frasers’ behaviour in a new open letter to the Mike Ashley-owned company, as a row…
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8 November
Lego opens 20th UK store in Bristol
The LEGO Group has officially opened its 20th Lego store in the UK and its second in the city of…
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8 November
Burberry names former Topshop CEO as new product boss
Burberry has announced the appointment of the former CEO of Topshop and Topman in London, Paul Price, in an expanded…
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7 November
Today’s news in brief
Asda announced plans to cut 475 head office roles and reduce hybrid work arrangements, requiring staff to be in the…
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