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 -1 November
Boohoo snubs Ashley in favour of Debenhams CEO
Boohoo has announced the appointment of Debenhams CEO Dan Finley as its new CEO. The retailer has chosen to ignore…
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1 November
Castore swings to pre-tax loss of £28.8m despite sales surge
British sportswear brand Castore has reported a pre-tax loss of £28.8m for the year ended 4 February 2024 after previously…
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Oct- 2024 -31 October
Today’s news in brief-31/10/24
The UK retail industry has raised concerns following Chancellor Rachel Reeves’ Autumn Budget, which aims to generate £40bn through measures…
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31 October
Reiss to open new store at Metrocentre
Reiss has announced that it will open a new location at Metrocentre shopping destination. The retailer will open a 3,933…
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31 October
Budget reaction: Retail warns that higher costs will hamper investment
The retail industry has warned that increased costs following the Autumn Budget may hit businesses hard, with retailers facing higher…
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31 October
Dune posts £3.9m loss amid ‘challenging’ trading
Dune has reported an operating loss of £3.9m for the 52 weeks period ended 27 January 2024, compared with operating…
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31 October
Sainsbury’s sells Argos cards portfolio to NewDay Group
Sainsbury has announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support…
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31 October
Ocado Group announces new chair
Ocado Group has announced the appointment of Adam Warby as an independent non-executive chair of the board. He currently serves…
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30 October
Today’s news in brief-30/10/24
Next is on track to surpass £1bn in profits for the first time, following a strong performance in autumn. The…
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30 October
Uniqlo to open at Liverpool One next year
Uniqlo is set to make its city debut at Liverpool One taking a 25,000 sq ft space at the shopping…
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