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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Aug- 2024 -21 August
Asos shareholders approve new pay plan for execs
Asos shareholders have approved a new pay plan for executives with the group’s new Value Creation Plan (VCP). According to…
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21 August
Supermarket sales rise 5.5% amid summer holidays boost
Total Till sales at UK supermarkets has seen a 5.5% increase in the last four weeks ending 10 August 2024,…
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21 August
Hobbycraft on brink of sale to retail investor
Hobbycraft is reportedly closing in on a sale to a specialist retail investor, Sky News has reported. Modella Capital is…
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20 August
Estée Lauder sales fall in ‘difficult year’ as CEO departs
Estée Lauder has seen sales dip by 2% to $15.6bn (£12bn) in its full-year results, in part due to an…
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20 August
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to…
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20 August
Topps Tiles rescues CTD Tiles out of administration
Topps Tiles has acquired the brand and assets of CTD Tiles in a £9m deal after the company fell into…
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20 August
Sosandar to open third store at Metrocentre
UK fashion brand Sosandar has announced that it has signed a lease agreement to open its third store in Newcastle’s…
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19 August
Wilko family under pressure to fill £70m pension deficit
Wilko’s founding family is reportedly under pressure to pay £70m to fill the collapsed retailer’s pension hole, This is Money…
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19 August
Boohoo in dispute with suppliers over poor stock quality
Boohoo and its suppliers are reportedly in a dispute over claims the fast fashion group has received a significant amount…
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19 August
Morrisons hit by raft of senior staff departures
Morrisons has been hit by an “exodus” of senior staff after seven directors left the supermarket over the summer, including…
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