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 -3 December
Boohoo repays £50m of £97m loan following fundraising drive
Boohoo has partially repaid its £97m term loan following the conclusion of a recent refinancing drive, as the group continues a turnaround plan after losses tripled in its half-year results. Its board confirmed it has notified lenders of the repayment of £50m of the £97m term loan, with the repayment set…
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2 December
Black Friday helps boost retail footfall
The week of Black Friday combined with the recovery from Storm Bert provided UK retail destinations with a welcome boost in footfall, according to the latest data from MRI Software. Footfall rose by +13.6% in all UK retail destinations last week compared to the week before. This was driven by…
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2 December
Co-op extends £400m sustainability-linked revolving credit facility
Co-op has announced the extension of its £400m sustainability-linked revolving credit facility for a further five years until November 2029. The extension underlines the supermarket’s commitment to a sustainable future and aligns with its sustainability and social goals targets initiated within the original facility agreement. The revolving credit facility provides…
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2 December
Temu to shorten delivery times through expansion of UK suppliers
Temu has plans to increase the number of its UK-based suppliers as a way to speed up delivery times, which could see orders get completed within one business day, The Times has reported. This plan is part of the e-retailer’s “local” initiative, as it seeks to compete with British high…
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2 December
Topps Tiles defends strategy after major shareholder criticism
Topps Tiles has defended its performance and strategy following criticism from a major shareholder, who accused the tile retailer of showing a “complete failure” after sales and profits fell in its full-year results.According to The Times, Topps Tiles’ largest shareholder, Austrian investor MS Galleon, is calling for an overhaul of…
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2 December
Mothercare slips to £1.4m HY loss
Mothercare has reported a pre-tax loss of £1.4m for the 26-week period to 28 September 2024. Its sales also dropped 27% to £21m as its worldwide retail revenue saw a 12% decline to £121.2m from Mothercare’s franchise partners. The group stated that its sales were again impacted by a combination…
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Nov- 2024 -29 November
B&Q to open new store in Rotherham
B&Q has announced it will open a brand-new store in Rotherham on 13 December. To celebrate the opening, B&Q workers hosted a special community day at the local charity, Rotherham Hospice, assisting in setting up its new charity shop ahead of the Christmas season. The day was part of B&Q’s…
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29 November
Urbn reports record revenues of $102.9m in Q3
Urbn, which operates a portfolio of global consumer brands including Urban Outfitters, Anthropologie, Free People, FP Movement and Nuuly, has announced record third quarter net income of $102.9m (£80.82m) for the three months ended October 31, 2024. Its total retail segment net sales increased 3.2%, with comparable retail segment net…
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29 November
Kingfisher and M&S eye remaining Homebase sites
Kingfisher and Marks and Spencer are reportedly eyeing more than 20 of Homebase’s stores after the DIY company fell into administration earlier this month.According to Sky News, the two companies are among several retailers circling the remaining Homebase estate ahead of a deadline for offers today (29 November). The two…
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29 November
Waitrose opens first convenience store in six years
Waitrose has opened its first convenience store in six years in Hampton Hill, London, and announced a further push into the convenience market by building on partnerships with Welcome Break and Shell. The supermarket is to target more new locations under its franchise with the operator with stores opening on…
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