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 -5 September
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the second half of the year, with total sales to be around 0.5% lower. This follows a like-for-like decline of 0.6% in the third quarter, which is projected to drop further…
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5 September
Asos offloads Topshop and Topman ownership amid refinancing
Asos has offloaded ownership of the Topshop and Topman brands amid a refinancing of the business, after forming a joint venture with investment company Heartland. Following the move, Heartland will acquire a 75% stake in the brands for a total of £135m, and the remaining 25% stake will be owned by…
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5 September
Dior appoints Miu Miu CEO as managing director
LVMH-owned Christine Dior has announced the appointment of Miu Miu CEO Benedetta Petruzzo to the executive committee as managing director, effective 15 October 2024. Petruzzo will officially replace current managing director Charles Delapalme and will report to Delphine Arnault, chairman and chief executive officer of Christian Dior Couture. In her…
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4 September
Today’s news in brief-4/9/24
John Lewis Partnership has submitted an £80m proposal to transform a disused warehouse in Reading into 215 energy-efficient rental homes. The planning application, now with Reading Borough Council, envisions a mix of one, two, and three-bedroom units featuring amenities for fitness, home-working, and socialising, alongside community spaces and public green…
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4 September
Primark to launch swap shop initiative with Verte
Primark is set to launch its first ever swap shop initiative for customers to exchange pre-loved and vintage clothing in store in celebration of London Fashion Week. Created in partnership with circular clothing company Verte, the limited pop-ups will launch this month in select Primark stores across the UK including…
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4 September
Uniqlo appoints new creative director
Uniqlo has announced the appointment of British designer Clare Waight Keller as its new creative director. She will now lead the Uniqlo main line collections for men and women starting with Fall/Winter 2024. Weight Keller was previously appointed as the brand’s designer of the Uniqlo: C collection, last September. She…
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4 September
Mango opens new store at Lakeside Shopping Centre
Mango has announced it has opened a new store inside Lakeside Shopping Centre. The new 440 sq metre store embodies Mango’s innovative ‘New Med’ concept, drawing inspiration from Mediterranean design elements that aim to create a “modern and inviting shopping experience”. Sustainability and architectural integration are key to the new…
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4 September
The Very Group appoints former Asos exec as NED
The Very Group has announced the appointment of Nick Beighton and Paul O’Donnell to the company’s board as non-executive directors. It comes as non-executive director Mark McMenemy has retired from the board, having rejoined the company in 2019 after giving up executive roles to accommodate non-executive and consulting positions. McMenemy…
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4 September
John Lewis submits £80m plan to turn Reading depot into housing
The John Lewis Partnership has submitted plans for an £80m development that would see a disused Reading warehouse turned into new rental housing.The group submitted a planning application to Reading Borough Council with its proposal to transform the former distribution warehouse into 215 energy-efficient homes. The proposed regeneration would also…
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4 September
Burberry appoints new CMO and president of Americas
Burberry has announced the appointment of Jonathan Kiman as chief marketing officer and Laura Dubin-Wander as president of Americas. Kiman, who will start his new role on 9 September, will lead the brand’s global marketing team. He will join the executive committee and will report to CEO Joshua Schulman. He…
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