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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Sep- 2024 -30 September
M&S eyes new Midlands warehouse amid spike in online sales
M&S is looking to open a giant new warehouse in the Midlands as a way to prepare for the exponential growth of its online fashion and homeware categories, The Telegraph has reported. It comes after the retailer recently revamped its online user experience, with improvements including personalised homepages, faster browsing…
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27 September
Today’s news in brief-27/9/24
Amazon’s UK division has resumed paying corporation tax for the first time since 2020, ending a period of tax credits due to the conclusion of a government tax break. The company paid £18.7m in “current tax” on sales totaling £27bn last year. This move follows criticism over Amazon’s tax contributions…
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27 September
Ebay launches new handbag consignment selling service
Ebay UK has announced the launch of its new consignment service for luxury items, giving users direct access to expert sellers who will list and sell their items on their behalf. To power the service, eBay has partnered with experienced luxury seller, Luxe Collective. Specialists in selling pre-owned luxury goods…
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27 September
Castore expands retail footprint with Braehead Shopping Centre store
British sportswear brand Castore has announced it is set to expand its retail portfolio with a new store at Braehead Shopping Centre. Set to open this Autumn, the 1,482 sq ft store will showcase Castore’s range of performance sportswear, and it said it will allow the brand to “connect with…
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27 September
Morrisons Q3 sales jump 2.1% to £3.9bn
Morrisons has announced that its total sales excluding fuel rose 2.1% to £3.9bn for the three months ended 28 July 2024. Alongside this, the company’s like-for-like sales excluding fuel and VAT rose 2.9% primarily driven by volume. Morrisons also added a further 50 products to its Aldi and Lidl Price…
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27 September
Amazon UK pays corporation tax for first time since 2020
Amazon’s main UK division has paid corporation tax for the first time since 2020 following the end of a ‘super-deduction’ tax break, The Guardian has reported. The group’s UK services paid £18.7m in “current tax” last year on sales of £27bn. This marks a shift from the £7.8m tax credit…
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27 September
Wacoal Europe acquires Bravissimo
Bravissimo has been acquired by Wacoal Europe, a lingerie and swimwear manufacturer, for an undisclosed amount. Wacoal owns brands Freya, Wacoal, Fantasie, Elomi and Goddess, most of which Bravissimo has been carrying for many years. Founded in 1995 by Sarah Tremellen, Bravissimo specialises in lingerie and swimwear in D cup…
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27 September
Tesco expands partnership with The Trade Desk
Tesco has extended its partnership with The Trade Desk to give advertisers direct access to its Clubcard data. The extended partnership means brands can plan and execute their campaigns without solely relying on third-party cookies for the first time. Marketers can now optimise across channels on the open internet from…
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26 September
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over 45 years. This move aims to reduce debt accumulated since its 2021 acquisition by CD&R. H&M expects to miss its 10% profit margin target for 2024 due to stagnant Q3…
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26 September
Le Labo opens new store in Victoria Leeds
New York-founded perfumery Le Labo, part of The Estée Lauder Company, has opened its regional debut at Redical’s Victoria Leeds. Situated on Queen Victoria Street, the 1,500 sq ft boutique reflects Le Labo’s New York City downtown aesthetic while honouring the Victorian-era architecture of the location. This blend of “modern…
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