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
SpaceNK opens new store in centre:mk
SpaceNK, the UK’s leading British beauty retailer, has announced the opening of a new store in centre:mk. Situated on Silbury Arcade, SpaceNK’s 1,721 sq ft store showcases a leading selection of makeup and skincare products, with over 100 beauty brands on offer. The new store also includes a dedicated consultation…
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4 December
Gymshark CFO steps down
Gymshark has confirmed that its chief financial officer Mathew Dunn has left the company less than two years after joining. Dunn joined the gymwear company in December 2022 from online retailer Asos, where he was COO and CFO. A Gymshark spokesperson told City AM: “Mat Dunn was employed as chief…
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4 December
Chancellor admits NI rise won’t be ‘easy’ for businesses
Chancellor Rachel Reeves has admitted that it will not be “easy” for businesses to “absorb” the rise in employers’ national insurance contributions. The change, which was announced in the autumn budget, will see employers’ NI contributions rise to 15% from April 2025. Speaking at The Yorkshire Post’s Great Northern Conference…
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4 December
DFS reshuffles management team in bid to streamline business
DFS has announced changes to its management structure that will bring DFS and Sofology under one team in a bid to simplify the business.As part of this, Sofology managing director Emma Dinnis will step down at the end of this month. Dinnis first joined DFS in 2022, having previously worked…
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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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