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 -11 September
Boohoo shifts US fulfilment operations to UK
Boohoo is set to shut its US distribution centre and instead fulfil its stateside orders from its automated distribution centre…
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10 September
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry,…
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10 September
Schuh launches ‘Single Shoe’ initiative to increase inclusivity
Schuh has introduced a new initiative to enable customers to make single shoe purchases nationwide in a step towards greater…
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10 September
Wickes HY profit falls to £23.4m
Wickes has revealed that its adjusted profits fell to £23.4m, down from £31.1m, for the 26 weeks ended 29 June…
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10 September
Burberry valuation hits 15-year low as market value falls to £2bn
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market…
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10 September
Beaverbrooks invests £1.6m in Bracknell store refurb
Family-owned national diamond, jewellery and watch retailer Beaverbrooks has made a £1.6m investment in the complete refurbishment and expansion of…
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10 September
JD Sports to close Derby warehouse with almost 200 jobs lost
JD Sports has made the decision to close its distribution centre in Derby, meaning almost 200 jobs could be lost,…
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10 September
Avalara names Kevin Sellers as CMO
Avalara, a provider of tax compliance automation software for businesses of all sizes, has announced Kevin Sellers has been named…
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10 September
Mountain Warehouse to open 50 new stores
Mountain Warehouse has revealed that it will open 50 new stores next year. According to The Times, the outdoor retailer…
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9 September
Today’s news in brief-9/9/24
Asos has declined a £215m bid for Topshop from Shein and Authentic Brands Group, choosing instead to proceed with a…
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