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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Sep- 2024 -26 September
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over…
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26 September
Le Labo opens new store in Victoria Leeds
New York-founded perfumery Le Labo, part of The Estée Lauder Company, has opened its regional debut at Redical’s Victoria Leeds. …
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26 September
H&M lowers profit target as sales flatline in Q3
H&M has revealed that it does not expect to hit its profit margin of 10% which it forecast for the…
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26 September
Co-op turns to AI to combat rise in crime
Co-op will use artificial intelligence to combat theft offenders following a spike in crimes, The Guardian has revealed. According to…
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26 September
Poundland owner sales fall amid supply chain disruptions
Poundland owner Pepco Group has reported that like-for-like revenues fell 3.1% during the fourth quarter, as a result of ongoing…
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26 September
Laurent Marteau steps down as L’Occitane CEO
Premium beauty and wellness brand The L’Occitane Group has announced that Laurent Marteau has stepped down from his roles as…
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26 September
Morrisons signs £370m property deal in bid to shrink debt
Morrisons has reportedly signed a £370m deal with the aim of using its property portfolio to shrink its debt pile.According…
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25 September
Today’s news in brief-25/9/24
Asos, facing significant financial challenges, has initiated consultations to potentially cut over 200 jobs at its head office. The move…
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25 September
Space NK to open new shop at centre:mk
Beauty retailer Space NK is set to open a new store at shopping destination centre:mk in Milton Keynes. Set to…
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25 September
Asos to axe more than 200 head office jobs
Asos could reportedly axe over 200 jobs at its head office as it mulls a restructuring amid recent heavy losses…
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