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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Aug- 2024 -12 August
Today’s news in brief-12/8/24
Asda’s chair, Lord Rose, expressed embarrassment over the supermarket’s recent performance, citing a 5.3% drop in like-for-like sales and a…
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12 August
The Floor Room falls into administration, 201 jobs lost
The Floor Room, a sister company of Carpetright, has fallen into administration, causing a total of 201 redundancies across its…
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12 August
Salt & Stone secures ‘significant’ investment from Humble Growth
Salt and Stone, the US-based body care brand, has announced it has secured a “significant investment” from investment firm Humble…
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12 August
Sainsbury’s urges gov to reform business rates
Sainsbury’s and USDAW have together called on the new government to deliver on its promise to reform business rates.The call…
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12 August
Pret hands out body cams to staff amid rise in retail crime
Pret A Manger has dished out body cameras to its staff amid a surge in shoplifting cases and attacks on…
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12 August
Asda chair ‘embarrassed’ by recent performance
Asda chair Lord Rose has stated that he is “embarrassed” by the supermarket’s performance and indicated it could be time…
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9 August
Today’s news in brief-9/8/24
Recent riots and protests across UK towns have significantly deterred shoppers, leading to a 4.8% decrease in footfall across high…
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9 August
CMO sales fall by 17% in H1 amid poor weather
CMO has seen H1 sales fall by 17% to £30.3m, down from £36.9m the prior year, after first quarter sales…
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9 August
Riots deter shoppers as footfall falls 4.8%
UK high streets appear to be feeling the full force of ongoing disorder over the past week with footfall declining…
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9 August
Under Armour swings to $300m loss amid decline in revenues
Under Armour has reported an operating loss of $300m (£235.0m) for the three months ended 30 June 2024, as its…
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