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 -12 July
Today’s news in brief-12/7/24
Carpetright, facing intensified competition and reduced demand, has enlisted PwC to explore a potential sale. This move, likely to proceed…
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12 July
Retailers spend 300 hours a year fighting work admin, study finds
The average retail business is spending nearly 300 hours each year consumed with admin in their day-to-day jobs, according to…
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12 July
Carpetright drafts in advisers to explore sale
Carpetright has reportedly been put up for sale amid increased competition and a slowdown in demand, according to The Times.…
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12 July
GCA warns Amazon it must comply with Groceries Supply Code of Practice
The Groceries Code Adjudicator (GCA) has told Amazon that it must take “swift and comprehensive” action to demonstrably comply with…
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12 July
Dr Martens says trading in line with expectations ahead of AGM
Dr Martens has revealed that since the start of the year trading has been in line with expectations, ahead of…
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12 July
Currys speeds up UK store investment programme
Currys has announced that it will be making further investments in its store portfolio, which will see 50 of its…
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11 July
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services…
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11 July
Miniso to open new store at Eldon Square shopping centre
Miniso has announced the upcoming opening of a new location in Newcastle’s shopping centre Eldon Square. Located on the Upper…
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11 July
Holland and Barrett losses widen despite surge in revenues
Holland and Barrett has reported that pre-tax losses widened from £59.6m to £65.3m following a rise in administrative expenses, despite…
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11 July
British entrepreneur close to Body Shop deal
British entrepreneur Mike Jatania is close to completing a rescue deal for The Body Shop, according to reports from Bloomberg.…
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