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.
-
Jul- 2024 -29 July
Walgreens outlines Boots investment plans after abandoning sale
Walgreens Boots Alliance has laid out plans that will see it invest in retailer Boots after shelving plans for its sale for the second time, according to The Sunday Times. The company revealed to the paper that it has begun “sprucing up” the retailer’s stores, investing in its beauty halls,…
Read More » -
29 July
British Land signs three healthcare leases at Crownpoint Retail Park
British Land has leased 12,800 sq ft of space to three healthcare businesses at Crownpoint Retail Park, Denton in Greater Manchester. InHealth, the UK’s largest specialist provider of diagnostic and healthcare solutions, has taken a 5,000 sq ft unit for a Community Diagnostic Centre, while CVS Vets, one of the…
Read More » -
26 July
Today’s news in brief-26/7/24
Boohoo has introduced “Boohoo Brands” a new marketplace featuring over 200 labels including luxury brands like Alexander McQueen and Gucci. This move aims to consolidate its position as a leading fashion and lifestyle destination, leveraging partnerships to enhance customer choices. THG plans to cut 171 jobs across multiple divisions while…
Read More » -
26 July
Hobbs to open at Trafford Centre
British womenswear brand Hobbs has announced that it is set to open at Trafford Centre this autumn. The new 4,000 square foot store, located on Upper Regent Crescent, will stock the brand’s mainline range, as well as the store’s limited-edition collections and petite ranges. Hobbs has recently re-evaluated the look…
Read More » -
26 July
Boohoo launches new marketplace Boohoo Brands
Boohoo has announced the launch of its new marketplace, Boohoo Brands, as it aims to become “a one-stop destination for all fashion, beauty, and lifestyle needs”. The brand has already onboarded 200 labels, including accessories from Alexander McQueen, Balenciaga, Gucci and Valentino, clothing from Off White and Urban Bliss, footwear…
Read More » -
26 July
Wayfair UK profits dip in FY23 despite cutting workforce by third
The UK arm of Wayfair has seen profits dip in its full-year results, despite cost-cutting plans that included reducing its workforce, newly filed documents have shown.In the year ended 31 December 2023, profit-before-tax fell by 3% to £2.64m, down from £2.73m the prior year. In addition, sales fell by 17%…
Read More » -
26 July
THG to axe 171 roles as staff ordered to return to office full-time
THG is reportedly set to axe 171 jobs across the business whilst “insisting” that staff return to the office five days a week, The Financial Times has reported. The company is said to have told employees this week that it expected to make a total of 171 redundancies across six divisions,…
Read More » -
26 July
Deliveroo partners with The Perfume Shop to boost retail offering
Deliveroo is partnering with the UK’s fragrance retailer The Perfume Shop to expand its “Deliveroo Shopping” offering. The partnership will launch in the coming months and will initially be available from 21 stores covering London, Manchester, Bristol, Birmingham, Leeds, Glasgow and Edinburgh. This partnership comes as the UK fragrance sector…
Read More » -
26 July
Apollo acquires Evri from Advent International
Private equity firm Apollo Global Management entered into a definitive agreement yesterday (25 July) with Advent International to acquire parcel delivery company, Evri, for an undisclosed amount. Since relaunching as Evri in 2022, the company has strengthened its national network that has been purpose-built for third-party ecommerce parcels and its…
Read More » -
26 July
JD Sports eyes job cuts at Derby distribution centre
JD Sports has confirmed that it is considering the future of a number of jobs at its Derby distribution centre. The 514,000-square-foot warehouse can be found on Derby Commercial Park, off Raynesway, and opened around three years ago. A person familiar with the situation has stated that “no final decision”…
Read More »
