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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Oct- 2024 -15 October
Victorian Plumbing to close Victoria Plum amid £2m loss
Victorian Plumbing has announced it is to close the recently acquired Victoria Plum, after it incurred a £2m loss in just four months. In a trading update for the trading for the year ended 30 September 2024, Victorian Plumbing said Victoria Plum contributed c.£15m of revenue and incurred an adjusted…
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15 October
Footasylum appoints CCO and senior buying director
Footasylum has announced the appointments of Will Van Rensburg as chief commercial officer and Glen Wilkinson as senior buying director. Van Rensburg joined Footasylum in September and brings a wealth of experience from key leadership roles at prominent retailers, including Clarks Ltd, Under Armour, PVH, and Aldi. In his position…
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15 October
Superdrug launches Christmas recruitment drive
Superdrug has announced the launch of a recruitment drive across its stores nationwide as it gears up for trading during its golden retail quarter. The health and beauty retailer is looking to recruit an additional 1,000 sales assistants to support stores over the festive period, expecting busy shopping periods and…
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15 October
Waitrose reveals surge in early Christmas shopping
Waitrose has reported that 70% of its Christmas delivery slots have been snapped up as customers get ready for the festive season earlier than ever before. The supermarket’s collection slots are also in demand, with 23 December its most popular day so far as nine out of 10 slots are…
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15 October
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth plans. Miles Foster joins the executive team as group operations director after a 35-year career at Morrisons. In his new role, he will lead over 300 stores and oversee the stores…
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15 October
Wilko partners with Deliveroo for home delivery
Wilko has partnered with Deliveroo to give customers access to on-demand delivery of Wilko products delivered directly to their doors in as little as 25 minutes. As the 90-year-old retailer continues its return to the high street with new stores across the country, this partnership will see more than 3,000…
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14 October
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the luxury fashion brand. Frasers, already owning 37% of Mulberry, raised its offer to 150p per share after a previous £83m bid was turned down. However, Mulberry’s majority shareholder, Challice, expressed…
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14 October
Fenwick unveils largest beauty hall outside of London
Fenwick has unveiled the opening of the largest beauty hall outside of London located in Newcastle. At 26,000 sq ft, the newly reimagined space is a testament to Fenwick’s dedication to creating an “innovative” in-store shopping experience, featuring two new enlarged atriums, 56 ft of facade windows looking out onto…
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14 October
Zalando ups FY guidance as Q3 revenues hit £2bn
Zalando has revealed it has upped its full-year guidance after a strong third quarter of the year in which revenues jumped 5% to €2.4bn (£2bn). According to its preliminary figures Zalando said its third quarter gross merchandise value also climbed by 7.8% year-on-year in the quarter to €3.5bn (£2.9bn). It…
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14 October
Frasers Group Sport MD to step down in November
Frasers Group has announced that Ger Wright will be stepping down from her role of managing director of sport on 30 November, which has held since 2022. During her time as MD, Wright has been credited with making a “significant” contribution to the execution of the group’s elevation strategy. As…
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