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 -25 June
Today’s news in brief-25/6/24
Shein has confidentially filed for an IPO in London, valued at £50bn, despite concerns over its portrayal in the UK…
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25 June
Disposable income for low-earning households hits 3-year high, Asda finds
Disposable income for low-earning households hit a near three-year high in May, following a 12.6% increase year-on-year, Asda’s income tracker…
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25 June
Private equity firms eye Evri deal
A number of private equity firms are reportedly interested in acquiring parcel delivery company Evri, according to Sky News. The…
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25 June
THG re-elects chair despite small shareholder revolt
THG has re-elected its chair Lord Charles Allen with just 9.25% voting against his re-election despite vocal opposition. Kelso Group,…
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25 June
L’Occitane sales reach €2.5bn in FY24
L’Occitane International has seen its net sales increase by 19.1% to €2.5bn (£2.1bn) during the year ended 31 March. The…
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25 June
John Lewis Partnership appoints interim finance director
The John Lewis Partnership has announced the appointment of Andy Mounsey as its interim executive director for finance. Mounsey, who…
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25 June
Gear4music appoints Sharon Daly as NED
UK-based online retailer of musical instruments and music equipment Gear4music has announced the appointment of Sharon Daly as non-executive director,…
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25 June
Shein files confidential London IPO paperwork amid possible listing
Shein confidentially filed paperwork to launch its £50bn IPO in London earlier this month, sources have told Reuters and CNBC,…
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24 June
Today’s news in brief-24/6/24
Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative…
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24 June
Miniso to open new store at Trafford Centre
Miniso has announced that it is set to open its biggest store in the North of England at the Trafford…
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