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 -4 December
Evri and GMB sign pay deal to cover courier sickness payments
GMB Union and Evri have announced a new pay deal which will secure sickness payments for self-employed couriers. The deal, passed by more than 80%, will provide self-employed couriers with insurance-backed paid sick leave. Self-Employed plus (SE+) will also get festive support payments of up to £950, subsidised death, disability,…
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4 December
Ruggable launches first in-store presence through John Lewis partnership
Ruggable has announced that for the first time in the UK market, its rugs will be available to view in-store as part of its recent retail partnership with John Lewis. The washable rug brand will be part of an in-store experience at the John Lewis flagship store on London’s Oxford…
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3 December
Today’s news in brief-3/12/24
Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to £27.4m and revenue dropped 15% to £619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
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3 December
Accessorize launches new partnership with Deliveroo
Accessorize, the gifting, fashion accessories, and jewellery retailer, has announced a new partnership with Deliveroo offering customers on-demand delivery of more than 700 products. Traditionally found in airports, train stations, and high streets, Accessorize is now bringing its collection directly to shoppers’ doors through Deliveroo for the first time. With…
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3 December
Charity Super.Mkt to open 12 more pop-ups next year
Second-hand clothing pop-up Charity Super.Mkt reportedly is set to open 12 more locations next year as it looks to cater to the demand in vintage fashion, according to The Guardian. Charity Super.Mkt brings together a collection of pre-loved fashion and accessories, including vintage denim, sports- and streetwear, while working closely…
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3 December
Mike Ashley ‘met by stone wall’ in HMRC data dispute
Sports Direct boss Mike Ashley has launched legal action against HMRC, saying that the government body made “extensive” breaches of data protection, The Times has reported. The High Court has heard that Ashley was “met with a complete stone wall”, having requested his personal data after HMRC made him aware…
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3 December
UK retail sales dip 3.3% in November
UK total retail sales decreased by 3.3% year on year in November, against a growth of 2.6% in November 2023, the British Retail Consortium showed. According to the new figures, this was below the 3-month average growth of -0.1% and the 12-month average growth of 0.5%. However, the BRC said…
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3 December
Mango achieves 2024 US expansion goals
Mango has achieved its goal of reaching 40 company owned stores in the US by the end of 2024 ahead of schedule. Alongside this, the company has revealed that it plans to exceed the goal by having 42 open at the close of the year. In 2025, Mango plans to…
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3 December
Boohoo repays £50m of £97m loan following fundraising drive
Boohoo has partially repaid its £97m term loan following the conclusion of a recent refinancing drive, as the group continues a turnaround plan after losses tripled in its half-year results. Its board confirmed it has notified lenders of the repayment of £50m of the £97m term loan, with the repayment set…
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2 December
Black Friday helps boost retail footfall
The week of Black Friday combined with the recovery from Storm Bert provided UK retail destinations with a welcome boost in footfall, according to the latest data from MRI Software. Footfall rose by +13.6% in all UK retail destinations last week compared to the week before. This was driven by…
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