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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Jul- 2024 -30 July
Under 50% of staff confident in Asda’s strategy, survey finds
Asda is reportedly facing a crisis of confidence from its staff after only 47% said they were confident in the…
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30 July
Hoka and Ugg brands boosts Deckers Q1 sales to $825.3m
Global apparel and footwear brand Deckers has reported a 22.1% increase in net sales to $825.3m (£641.6m) for the first…
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30 July
Boohoo hires advisers amid refinancing talks
Boohoo lenders have allegedly hired advisers to discuss refinancing options to tackle its £325m debt wall and losses. According to…
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30 July
Selfridges CEO to step down after four years at company
Andrew Keith has announced he is stepping down from his role as CEO of Selfridges in the UK in order…
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29 July
Today’s news in brief-29/7/24
Ted Baker is reportedly considering closing all its UK stores within weeks. After entering administration earlier this year, the fashion…
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29 July
Axel Arigato opens flagship store in Covent Garden
Swedish footwear brand Axel Arigato has opened its flagship store in Covent Garden’s Seven Dials neighbourhood. With a footprint of…
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29 July
Ted Baker plans to shut all UK stores within weeks
Embattled retailer Ted Baker is considering shutting all of its stores within the next few weeks, according to reports first…
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29 July
CMA deems supermarket loyalty promotions not misleading shoppers
The Competition and Markets Authority (CMA) has officially cleared supermarkets of using misleading loyalty promotions, having failed to find any…
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29 July
Iceland posts record profits as £1 range proves popular
Iceland has reportedly posted record profits for the full-year as it managed to control its energy bills and its revamped…
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29 July
Ocado boss plans to retain stake in M&S JV
Time Steiner, Ocado CEO, has reportedly announced that the group plans to retain its stake in Ocado Retail, its joint…
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