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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Dec- 2024 -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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10 December
Rituals opens new store at The Liberty Romford
Beauty and wellbeing brand Rituals has opened its new store at Redical-operated The Liberty Romford shopping center. The 1,162 sq ft store stocks the brand’s full range of “luxurious yet affordable” wellbeing products for bath, body and home. Inspired by ancient wisdom and traditions, the certified B Corp brand has…
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10 December
Moonpig H1 revenues rise 3.8% to £158m
Moonpig has reported that revenues rose by 3.8% year-on-year to £158m for the six months to 31 October, thanks to double-digit growth at the greeting cards and gifts brand. The company’s adjusted EBITDA also inched up to £41.8m during the period from £41.4m in H1 FY24. Margin rates came in…
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10 December
Pepco Group suffers £675m Poundland hit
Pepco Group has reported a £675m impairment charge on its UK subsidiary Poundland, as a result of “a significant decline in performance in FY24 and weaker outlook for profitability amid increasing competition and cost challenges”. The charge primarily reflects the goodwill from Pepco Group in relation to the Poundland acquisition.…
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10 December
Castore appoints new commercial operations lead
Sportswear brand Castore has announced the appointment of Danny Downs to lead the company’s commercial operations as it strengthens its senior executive team. Downs brings 15 years of expertise from his time at Fanatics International where he was head of commercial development and the company’s first general manager with experience…
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10 December
Supermarket sales to hit £13bn over Christmas
Supermarket sales are expected to exceed £13bn over the four weeks of December for the first time ever, according to the latest data from Kantar. The news comes as take-home sales at the grocers increased by 2.5% over the four weeks to 1 December 2024 as shoppers get ready for…
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9 December
Caffè Nero bolsters Waitrose and John Lewis partnership
The Nero Group, the family-owned operator of Caffè Nero, has secured new partnerships with Waitrose and John Lewis, which will see the coffee chain open sites in five Waitrose stores. The partnership will also see the opening of the first Caffè Nero in a John Lewis store in White City,…
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9 December
Boohoo calls on shareholders to reject Mike Ashley’s board bid
Boohoo has urged its shareholders to vote against Mike Ashley’s board appointments ahead of its AGM on 20 December. In an update posted this morning, Boohoo revealed that independent proxy adviser Institutional Shareholder Services (ISS) has recommended shareholders vote against Fraser’s bid for board representation which would see Ashley as…
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9 December
J. Crew appoints new chief marketing officer
Omnichannel retailer J. Crew has appointed Julia Collier as the new chief marketing officer of the group. Collier was most recently senior vice president of marketing at Skims where she ran brand marketing and creative. She will now start her new role on 6 January 2025. In her new role,…
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6 December
Quiz appoints advisors amid disappointing November sales
Quiz has appointed advisors to review its financing and strategic options after it reported a 5.7% decline in revenues to £24.9m for the four-month period from 1 August to 30 November 2024. It warned that given the disappointing level of revenues during the key trading month of November the cash…
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