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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Dec- 2024 -6 December
Morrisons CEO urges gov to rethink budget costs
Morrisons’ CEO has called on the government to stagger its “avalanche” of business costs following the latest budget.Speaking to The…
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6 December
Frasers eyes takeover deal of Norwegian sports retailer
Frasers Group has announced this morning (6 December) its intention to launch a voluntary offer for all shares in XXL…
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5 December
Today’s news in brief-5/12/24
Police are investigating stalking and corporate espionage allegations from Boohoo executives, including CEO Dan Finley and co-founder Mahmud Kamani. Reports…
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5 December
Aldi to open four new stores across the UK
Aldi is set to open the doors to four new stores today (5 December) as it continues its rapid expansion…
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5 December
Løci opens first physical space at Oxford Street’s Future Stores
Urban-lux vegan trainer and apparel brand Løci has opened the doors to its first physical shop at experiential immersive retail…
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5 December
Frasers lowers profit guidance as H1 sales fall 8.4%
Frasers Group has lowered its profit guidance for FY25 to between £550m to £600m, having seen its sales fall by…
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5 December
Card Factory enters US market with £20m Garven Holdings acquisition
Card Factory is set to enter the US market after announcing the acquisition of Garven Holdings for $25m (£20m). The…
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5 December
Police investigating stalking claims from Boohoo
Police are investigating claims of stalking and corporate espionage made by several executives from Boohoo, according to reports from The…
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5 December
Watches of Switzerland profits dip 39% despite revenue surge
Watches of Switzerland has reported a 39% decline in its profit before tax from £67m to £41m despite a 4%…
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4 December
Today’s news in brief-4/12/24
Evri has partnered with the GMB Union to secure an industry-first pay deal that guarantees self-employed couriers insurance-backed paid sick…
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