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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Oct- 2024 -21 October
Retail Trust launches training to help shop staff combat rising abuse
The Retail Trust is set to launch free training for shop workers next month to help them combat an “expected rise” in abusive customer behaviour ahead of the busy festive period.It comes as new research from the charity found that one in three shop staff face weekly abuse from shoppers,…
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21 October
Frasers backs N Brown takeover deal amid Mulberry plans
Frasers Group has confirmed that it backs the takeover deal of N Brown by the Alliance family and has agreed to the sale of its 20% stake in the company for £38m, as it continues its efforts to strike a deal with luxury brand Mulberry. Frasers Group, owner of Sports…
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21 October
Hotter Shoes to increase UK production
Hotter Shoes’ new owner, WoolOvers, reportedly has plans to increase the number of products it makes within the UK to one million pairs of shoes a year, according to The Times. The news comes after WoolOvers acquired the footwear retailer out of administration for £6.7m a year earlier. Prior to…
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18 October
Today’s news in brief-18/10/24
Boohoo’s CEO, John Lyttle, is stepping down after five years, as the company embarks on a strategic review and secures a £222m debt refinancing deal. The retailer’s new debt facility includes a £125m revolving credit line and a £97m term loan, aimed at supporting future development. The announcement follows a…
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18 October
Sephora to open at Liverpool One in Spring 2025
Sephora UK is continuing to fuel its northern expansion with the announcement of its next store opening at Grosvenor’s city-centre retail and entertainment destination, Liverpool One. The new store location at Liverpool One is slated to open in Spring 2025 and will be the 8th store in Sephora UK’s growing…
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18 October
Tech stores help retail sales beat expectations in September
Retail sales volumes are estimated to have risen by 0.3% in September 2024, beating expectations thanks to strong demand in tech stores, according to the latest figures from the ONS. While the increase was lower than the 1.0% experienced in August, analysts had predicted a 0.3% decline for the month.…
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18 October
Mothercare secures refinancing deal amid Asia expansion plans
Mothercare has agreed a deal that will see it refinance its existing debt facilities with investment firm Gordon Brothers, whilst forming a new joint venture with Reliance Brands UK that will see it expand into Asia. The company secured debt facilities of £8m – taken together with the gross consideration…
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18 October
Hobbycraft profits plummet 80%
Hobbycraft has reported an 80% drop in profits to £393,000, down from £2m the previous year, for the 52 weeks ended 18 February 2024. The art and craft supplier attributed this loss to inflationary pressures and one-off costs that have impacted the retailer’s financial health despite their efforts to drive…
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18 October
Boohoo CEO to leave amid strategic review and new debt deal
Boohoo has announced that its CEO John Lyttle is set to step down after five years in the role. He will continue to work with the leadership team and board over the coming months whilst a successor is found. It comes as the retailer has secured a £222m debt refinancing…
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18 October
Furniture Village doubles employee profit share payouts
Furniture Village has doubled its employee profit share payouts following its strong trading performance for the year ended in June. After the retailer’s share buyback in October 2022, resulting in the business becoming 100% family owned, it implemented a companywide profit-sharing scheme known as the ‘Family Partnership’. The group’s full-year…
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