News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Dec- 2024 -5 December
Today’s news in brief-5/12/24
Police are investigating stalking and corporate espionage allegations from Boohoo executives, including CEO Dan Finley and co-founder Mahmud Kamani. Reports suggest the executives have been followed and watched in Manchester, London, and Kent, with Kamani allegedly assaulted and ex-CEO John Lyttle encountering trespassers. Surveillance equipment found outside Boohoo’s Manchester office…
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5 December
Aldi to open four new stores across the UK
Aldi is set to open the doors to four new stores today (5 December) as it continues its rapid expansion drive across the UK. The stores will be located at Cribbs Causeway in Bristol, Hetton-le-Hole in Tyne and Wear, Ashton-in-Makerfield in Greater Manchester, and Macduff in Banffshire, creating more than…
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5 December
Løci opens first physical space at Oxford Street’s Future Stores
Urban-lux vegan trainer and apparel brand Løci has opened the doors to its first physical shop at experiential immersive retail space Future Stores, 95 Oxford Street, London. Launched on Wednesday with a VIP evening attended by retail experts, fashion editors, influencers and shoppers, it marks the first time the brand…
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5 December
Frasers lowers profit guidance as H1 sales fall 8.4%
Frasers Group has lowered its profit guidance for FY25 to between £550m to £600m, having seen its sales fall by 8.4% to £2.45bn in the first half to 27 October. This downgrade is from an earlier boundary of £575m to £625m, as Frasers noted that recent trading conditions have been…
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5 December
Card Factory enters US market with £20m Garven Holdings acquisition
Card Factory is set to enter the US market after announcing the acquisition of Garven Holdings for $25m (£20m). The acquisition is a step in the UK retailer’s growth ambitions, thanks to the acceleration of its partnerships strategy in one of its “key” international target markets. The celebration essentials market…
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5 December
Police investigating stalking claims from Boohoo
Police are investigating claims of stalking and corporate espionage made by several executives from Boohoo, according to reports from The Times. Police forces in Manchester and Kent are looking into reports of stalking offences understood to be aimed at Boohoo group CEO Dan Finley, former boss John Lyttle and co-founder…
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5 December
Watches of Switzerland profits dip 39% despite revenue surge
Watches of Switzerland has reported a 39% decline in its profit before tax from £67m to £41m despite a 4% increase in revenues to £785m, driven by strong demand in the US. According to the group, its profits were affected by acquisition-related costs and integration efforts. For the 26 weeks…
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4 December
Today’s news in brief-4/12/24
Evri has partnered with the GMB Union to secure an industry-first pay deal that guarantees self-employed couriers insurance-backed paid sick leave. Supported by over 80% of voters, the agreement also includes festive support payments of up to £950 and subsidized insurance for death, disability, accidents, and sickness. This builds on…
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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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