News-In-Brief
News-In-Brief delivers quick, essential updates on the latest developments across the UK retail industry. This section provides short-form coverage of company announcements, leadership changes, trading updates, and key market movements. Retail Sector’s News-In-Brief is designed for retail professionals who need fast, reliable intelligence on business activity across all segments — from high street to ecommerce and luxury — offering concise summaries that keep decision-makers informed and up to date.
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Jan- 2025 -7 January
Today’s news in brief-7/1/25
Quiz has announced plans to delist from the London Stock Exchange, citing regulatory costs and financial pressures. The move requires a 75% shareholder majority, with founder Tarak Ramzan and key investors supporting the decision. Quiz reported a £4.7m pre-tax loss in the six months to 30 September, driven by inflationary…
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6 January
Today’s news in brief-6/1/25
Fast-fashion retailer Shein is set to face scrutiny from a Parliamentary Committee over labour practices in its supply chain. The inquiry, part of the government’s employment rights initiative, also involves Chinese firm Temu. The committee, chaired by ex-Labour minister Liam Byrne, aims to tackle forced labour concerns and inadequate protection…
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Dec- 2024 -23 December
Today’s news in brief-23/12/24
Fashion retailer Quiz plans to delist from the Alternative Investment Market (AIM) and re-register as a private company following weak sales and financial strain. A shareholder vote, requiring a 75% majority, is scheduled for 8 January 2025, with the transition set for 23 January if approved. The company cited regulatory…
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20 December
Today’s news in brief-20/12/24
Retail sales in the UK edged up by 0.2% in November, falling short of analysts’ 0.5% forecast. The slight increase followed a 0.7% decline in October, with food sales rising for the first time in three months, up 0.5%, while non-food revenues rose by 0.2%. However, clothing sales fell sharply…
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19 December
Today’s news in brief-19/12/24
Amazon is preparing to settle a significant group claim from delivery drivers over working conditions, potentially costing £140m. The case, brought by Leigh Day solicitors in 2021, argued that more than 3,000 drivers, classified as self-employed, were entitled to compensation of about £10,500 annually for unpaid earnings. Drivers claimed Amazon…
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17 December
Today’s news in brief-17/12/24
Shein’s potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UK’s 10% public float requirement. If successful, it would mark a first for London’s stock market. Shein filed confidentially with the FCA in June but faces delays due to regulatory scrutiny, including concerns…
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16 December
Today’s news in brief-16/12/24
Isak Andic, founder of the global fashion retailer Mango, has died at the age of 71 following a tragic hiking accident in the Montserrat mountains near Barcelona. Spanish media reported that Andic fell down a 150-metre ravine while exploring deep caves in the region. Born in Turkey and later settling…
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13 December
Today’s news in brief-13/12/24
Hundreds of Harrods workers, including retail, restaurant, and cleaning staff, are set to strike on 21–22 December and Boxing Day in a dispute over Christmas bonuses and working conditions. The United Voices of the World (UVW) union said 95% of its members voted to strike after management refused negotiations. Workers…
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12 December
Today’s news in brief-12/12/24
Central Group’s executive chair Tos Chirathivat admitted to overpaying in hindsight for Selfridges and other European luxury department stores as part of a £4bn deal in 2021. Chirathivat told the FT the price felt steep given rising global interest rates but noted the valuation may look more reasonable in a…
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10 December
Today’s news in brief-10/12/24
Supermarket sales are set to surpass £13bn in December for the first time, boosted by festive spending and rising grocery prices. Data from Kantar reveals take-home grocery sales climbed 2.5% in the four weeks to 1 December. The average Christmas dinner for four has risen 6.5% to £32.57, largely due…
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