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 -23 September
American Golf LFL sales up 1.8% despite poor weather
American Golf has revealed its LFL sales were up 1.8% during the six months from February-August 2024 despite wet weather likely deterring demand. The golf retailer said the performance comes amid “standout results for newly refurbished stores” which helped lead to an increase in market share of 1.4% LFL. The…
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20 September
Today’s news in brief-20/9/24
In August, UK retail sales saw a 1% increase, marking a continued recovery with a 2.5% year-on-year growth, the strongest since early 2022. While overall volumes remain slightly below pre-pandemic levels, supermarkets and clothing stores benefited from warmer weather and seasonal sales. Online spending remained steady, showing a 4.3% increase…
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20 September
THG Fulfil partners with CDS Superstores
THG Fulfil, the industry-leading global fulfilment solution from THG Ingenuity, has partnered with CDS Superstores to deliver fulfilment and courier management services for the home, leisure and garden retailer. The partnership agreement is part of CDS Superstores ongoing digital acceleration, delivering transformation across technology to enhance its omni-channel offer. CDS…
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20 September
Nike names Elliott Hill as CEO and president as Donahoe steps down
Nike has announced that Elliott Hill is set to become its new president and CEO, effective 14 October, 2024. Hill will also become a director and a member of the Executive Committee. The news comes as the sports retail giant revealed its board and current CEO and president John Donahoe…
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20 September
UK consumer confidence falls sharply to -20 in September
UK consumer confidence has dropped sharply to -20 in September, according to GfK’s long-running index. The survey revealed that all measures were down in comparison with last month’s announcement. The index measuring changes in personal finances during the last year was down two points at -9. Meanwhile, the survey revealed…
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20 September
BFC launches search for CEO as Caroline Rush steps down
The British Fashion Council (BFC) has launched a search for a new CEO, having revealed that Caroline Rush CBE will step down from the role in June 2025 after a 16-year tenure. Rush will continue to lead the organisation as the search for her successor begins as part of the…
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20 September
WHSmith to open 37 Toys’R’Us ‘shop-in-shops’
WHSmith has announced that it is set to open 37 new Toys“R”Us outlets inside its stores. It comes after the retailer opened 39 locations resulting in 76 shop-in-shops in total across UK high streets. The next round of Toys“R”Us openings from WHSmith will start on Saturday 28 September, with Bexleyheath,…
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20 September
Retail sales up 1% in August
UK retail sales were marginally up by 1% in August, following a rise of 0.7% in July, the ONS has revealed. According to the latest figures, sales volumes rose by 1.2% in the three months to August, when compared with the three months to May. Over the year to August,…
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20 September
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails. Last month, more than 3,500 current and former Next employees won a six-year legal fight for equal pay, with the total amount payable by the retailer estimated to be over £30m. An…
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19 September
Levi’s opens new store in Knightsbridge
Levi Strauss and Co has announced the opening of its new Levi’s store in London’s Knightsbridge Estate, the second largest retail hub in the UK capital. The new store, with a “prominent” glass façade, spans approximately 300m² across two floors, delivering “elevated” retail experiences to London shoppers and reinforcing the…
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