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 -23 July
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over…
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23 July
Matalan adds over 25 new brands to online offering
Matalan has added over 25 new third-party brands as part of its efforts to improve the choice quality products on…
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23 July
Retail welcomes apprenticeship levy reform
Retailers such as AO and Co-Op as well as the British Retail Consortium have welcomed government plans for a new…
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23 July
Superdrug boss urges govt to reform business rates
Superdrug CEO Peter Macnab has called on the new Labour government to reform business rates in an interview with This…
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23 July
Ikea partners with Tesco to open 100 more click-and-collect points
Ikea has announced that it is planning to open 100 more click-and-collect points at Tesco stores across the UK to…
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23 July
Literacy Capital appoints new Ashleigh and Burwood CEO
Literacy Capital has announced the appointment of Penny Grivea as the new CEO of its consumer home fragrance brand Ashleigh…
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23 July
Aldi to create 1,000 new stores roles before 2025
Aldi is set to create 1,000 jobs in new stores across the UK between now and the end of the…
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23 July
Tapi rescues Carpetright brand as 1,500 jobs lost
Rival brand Tapi has acquired the Carpetright brand and 54 of its stores out of administration but more than 1,500…
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22 July
Today’s news in brief
Saudi Arabia’s Public Investment Fund (PIF) is looking to significantly increase its stake in Selfridges. Currently holding 10%, PIF has…
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22 July
Cotton Traders sees sales and profits dip amid ‘challenging conditions’
British heritage fashion brand, Cotton Traders, has seen its FY23 operating profit fall 9.9% to £9.8m in what it called…
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