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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Jun- 2024 -4 June
M&S boss sees pay packet rise 75% as profits surpass £700m
M&S CEO Stuart Machin has seen his pay rise 75% £4.73m following strong full-year results at the retailer. Machin received…
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3 June
Today’s news in brief-3/6/24
Shein is reportedly preparing for a landmark London flotation valued at £50bn, marking the city’s most significant public float in…
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3 June
Lululemon opens upsized store in Covent Garden
Athletic apparel brand, lululemon, has officially launched its upsized store on Long Acre within The Yards, Covent Garden. Opening its…
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3 June
Shein to file for £50bn London float
Shein is reportedly eyeing a London flotation that would value the fast-fashion company at £50bn. According to Sky News, the…
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3 June
‘We should have overtaken Waitrose already’, says M&S boss
M&S CEO Staurt Machin has argued that the company should have “already overtaken” Waitrose following its latest strong results. The…
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3 June
Pashley Cycles appoints new CEO
Pashley Cycles has appointed Andy Smallwood as its new chief executive with effect from 3 June. Smallwood joins Pashley Cycles…
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3 June
Frasers appoints ex-FRC CEO as NED
Frasers Group has announced the appointment of Sir Jon Thompson, former CEO of Financial Reporting Council, as non-executive director. His…
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3 June
Superdry landlord drops challenge to restructuring proposal
M&G, landlord of Superdry’s London flagship store, will not formally seek to block a restructuring proposal, Sky News has reported. …
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May- 2024 -31 May
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased…
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31 May
Tesco signs new wind farm deal to accelerate renewable energy projects
Tesco has announced it has signed a new deal to take 150GWh of power from Stranoch wind farm every year. …
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