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 -20 November
Ann Summers receives £5m cash injection from owners
Ann Summers had reportedly received a cash injection from its owners, the Gold family, with the aim of mitigating its…
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20 November
Dunelm enters Irish market with Home Focus acquisition
Dunelm has acquired Home Focus, a soft furnishings retailer which trades from 13 stores across the Republic of Ireland, for…
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20 November
The Body Shop appoints new CMO and CFO
The Body Shop has announced the appointments of Penny Brook and Sally Dowling as its new chief marketing officer and…
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20 November
Mytheresa Q1 losses rise 122% to £25m despite improved sales
Mytheresa’s operating loss increased by 122% to €30m (£25m) despite an increase in sales during the first quarter of FY25.…
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19 November
Today’s news in brief-19/11/24
Morrisons has achieved a significant reduction in its debt, cutting it by £2.4bn as part of a major restructuring. Since…
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19 November
Lidl to invest £21bn in British food industry
Lidl GB is on track to invest a total of £21bn in the British food industry by the end of…
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19 November
Julian Bambridge: Driving MPM Products to Global Pet Food Leadership
Julian Bambridge, Global CEO of MPM Products, has led the company through an extraordinary journey of growth and innovation. From…
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19 November
Ikea to open Oxford Street pop-up ahead of 2025 flagship launch
Ikea has announced it is set to open a new ‘Hus of FRAKTA’ pop-up on London’s Oxford street on the…
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19 November
Asos CEO receives £300k pay boost despite widening losses
Asos CEO José Antonio Ramos Calamonte received a bumper pay rise of 44% following a £300k bonus despite the fashion…
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19 November
Retailers warn National Insurance increase could cause job losses
A number of large retailers have warned that the National Insurance increase could cause inflation and job losses, in a…
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