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 -25 July
Today’s news in brief-25/7/24
Burberry is on the lookout for a new chair to replace Gerry Murphy amidst challenging times in the luxury goods…
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25 July
Lidl to invest ยฃ1.5bn in beef industry over next five years
Lidl GB has committed to invest ยฃ1.5bn into the British beef industry over the next five years, as part of…
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25 July
Howdens maintains full-year outlook as H1 sales and profits riseย
Howdens has welcomed good revenue growth in the first half of the year despite a โchallengingโ marketplace, as sales rose…
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25 July
Hammerson upbeat despite ยฃ517m loss
Hammerson has hailed a โstrong performanceโ in the first half of the year ended 30 June despite experiencing a ยฃ517m…
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25 July
Burberry begins hunt for chair’s successor
Burberry is reportedly seeking a new board member who could replace incumbent chair Gerry Murphy, according to reports from Sky…
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25 July
Virgin Wines EBITDA hits ยฃ2.8m
Online wine retailer Virgin Wines UK has reported a 260% increase in EBITDA to ยฃ2.8m, with its profit-before-tax also expected…
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25 July
Majestic strengthens store portfolio amid ยฃ1m investment
Wine retailer Majestic has opened two brand new stores in the South East of England and completed two major refurbishments…
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24 July
Seven Dials to welcome quartet of store openings
Covent Gardenโs Seven Dials is set to welcome NN.07 first standalone UK store, Form&Threadโs West End debut and the opening…
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24 July
40% of consumers opt for cashless payments despite 2.6% surge in cash usage
Almost four out of 10 UK adults (39%) were living largely cashless lives during 2023, despite the number of people…
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24 July
NI retail staff and employers call for shop worker protectionย
Usdaw and employersโ organisation Northern Ireland Retail Consortium (NIRC) have jointly called for urgent action to protect retail workers from…
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