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.
-
Nov- 2024 -21 November
Morrisons set to close Rathbones bakery, 400 jobs at risk
Morrisons is preparing to close down its Rathbones bakery in a move that could put almost 400 jobs at risk, according to the BBC. The supermarket initially acquired the bakery in 2005 but said it has struggled to make it profitable “for a number of years”. Morrisons has now reportedly…
Read More » -
21 November
JD Sports to hit low end of guidance amid ‘volatile’ October
JD Sports has said it expects its full-year profits to hit the lower end of its £955m to £1.035bn guidance, as the retailer’s sales fell by 2.4% in the third quarter to 2 November. While the group saw “increased trading volatility” in October, particularly in the UK and North America,…
Read More » -
20 November
Today’s news in brief-20/11/24
Ted Baker has re-entered the online retail scene with a UK-exclusive ecommerce platform following its financial collapse earlier this year. The site is operated by United Apparel and Legwear (ULAC), appointed by Authentic Brands Group, which owns the brand. European versions are in development. This marks a strategic pivot after…
Read More » -
20 November
Deliveroo partners with Hurr to deliver rental designer dresses
Deliveroo has announced a new partnership with resale fashion marketplace Hurr to bring rental designer dresses to customers. The new collaboration will allow Deliveroo customers to rent pre-loved high-end fashion pieces from Hurr’s selection directly through the Deliveroo app. Customers within central London will be able to browse through a…
Read More » -
20 November
Ted Baker relaunches UK website
Ted Baker has relaunched its ecommerce website under its new operator in the UK following its collapse earlier this year. The new website currently only ships exclusively to the UK but states that European versions are coming soon. It is the first move from United Apparel and Legwear (ULAC), the…
Read More » -
20 November
Energy bills push inflation to 2.3% in October
The rising cost of energy has pushed inflation up to 2.3% in October, above consensus forecasts of 2.2%, according to the latest figures from the Office for National Statistics (ONS). The figure is up from the 1.7% posted in September and is also above the desired level of 2% set…
Read More » -
20 November
Ann Summers receives £5m cash injection from owners
Ann Summers had reportedly received a cash injection from its owners, the Gold family, with the aim of mitigating its widening losses, according to The Telegraph. Chairman Vanessa Gold, who took over the role after the death of sister Jacqueline Gold, reportedly initiated a £5m cash call to help the…
Read More » -
20 November
Dunelm enters Irish market with Home Focus acquisition
Dunelm has acquired Home Focus, a soft furnishings retailer which trades from 13 stores across the Republic of Ireland, for an undisclosed amount. The business, which operates under the ‘Home Focus at Hickeys’ brand, also operates online, and provides home delivery and a ‘Click and Reserve’ option for customers to collect…
Read More » -
20 November
The Body Shop appoints new CMO and CFO
The Body Shop has announced the appointments of Penny Brook and Sally Dowling as its new chief marketing officer and chief financial and operations officer, respectively. Brook began her marketing career at Mulberry England where she worked as an international marketing manager for a year. She then moved on to…
Read More » -
20 November
Mytheresa Q1 losses rise 122% to £25m despite improved sales
Mytheresa’s operating loss increased by 122% to €30m (£25m) despite an increase in sales during the first quarter of FY25. Despite the loss in profits, net sales for the German luxury retailer increased 7.6% to €201.7m (£168.1m). The company was said to have had a “strong” financial performance during the…
Read More »
