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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Aug- 2024 -8 August
Ocado Retail launches reusable packaging pilot with Refill Coalition
Ocado Retail has become the first major supermarket to pilot a new reusable packaging scheme in partnership with the Refill Coalition, in an effort to reduce the use of single-use packaging from customers’ weekly shops. The trial, staged across two phases, will use a reusable vessel, developed specifically to deliver…
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8 August
Go Outdoors to open biggest store in Europe
Go Outdoors has announced that it is set to open the largest outdoor store in Europe at the Vangarde Shopping Centre in York on 23 August 2024. The record breaking store boasts 125,000sq. Ft of space with over 380 brands and 30 branded concession areas. These branded areas will include…
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8 August
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales.GTV was up by 6% to £3.7bn, with a constant currency GTV growth of…
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8 August
Co-op extends 30-year partnership with Wincanton
Co-op has announced a five-year contract extension with logistics provider Wincanton, building on over three decades of successful collaboration between the two companies. Under the new five-year agreement, Wincanton will continue to act as a partner to Co-op, providing facilities management and distribution services from 340,000 sq. ft. The…
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8 August
Hunter Price International acquires BargainMax
Hunter Price International, a supplier of impactful consumer products for many high street retailers, has announced the acquisition of online toy retailer BargainMax.co.uk for an undisclosed sum. The deal accelerates Hunter Price’s growth and expansion strategy, building on the business’ “most successful” trading year to date in 2023. According to…
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8 August
Asos secures three-year Microsoft deal to expand AI use
Online fashion retailer Asos has signed a new three-year agreement with Microsoft in a bid to enhance its operations, efficiency and “data-driven” decision making. The news comes as Asos has already taken advantage of AI features integrated into Microsoft solutions, including process automation through Power Automate, Teams Premium, and Microsoft…
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7 August
Today’s news in brief-7/8/24
Chris Brook-Carter, CEO of Retail Trust, highlighted an increase in calls from retail workers fearing for their safety amidst recent rioting in England and Northern Ireland. Several retail stores, including Shoe Zone and Sainsbury’s Local, were targeted by rioters. The British Retail Consortium is responding with a meeting today to…
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7 August
Bensons for Beds acquires 19 Carpetright stores
Bensons for Beds has announced that it has successfully acquired 19 locations where Carpetright was previously trading. The locations include: Aberdeen, Ashton, Belfast, Canterbury, Edmonton, Exeter, Irvine, Kettering, Old Kent Road, Oldbury, Portsmouth, Salisbury, Slough, Sutton, Torquay, Bath, Eastbourne, Gillingham and Solihull. The bed specialist retailer now plans to start…
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7 August
Castore secures 10-year lease at Derbion
Sportswear brand Castore has signed a 10-year lease for a 1,771 sq ft unit at Derbion on the second level of the centre next to Foot Locker. It comes as Derbion’s JD store will be doubling the size of its current unit to a 20,175 sq ft space that will…
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7 August
Puma Q2 performance meets expectations
Puma has revealed its Q2 performance met expectations as sales increased 2.1% to €2.11bn (£1.8bn) thanks to improved demand in the Americas. Sales in the Americas region increased by 9% to €887.5m (£762.3m), with both the US and LATAM contributing to the growth and showing a sequential improvement. The Asia/Pacific…
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