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 -16 September
The O2 announces trio of openings
Outlet Shopping at The O2 has announced a trio of retail additions to its lineup, including Clarks, Soletrader, and a London outlet debut for contemporary bedding brand, Bedeck. Clarks has returned to Outlet Shopping at The O2 after 3 years, opening a 3,259 sq ft store adjacent to Skechers and…
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16 September
JD Sports appoints Prama Bhatt as NED
JD Sports Fashion, global retailer of sports, fashion and outdoor brands, has announced that Prama Bhatt will join its board as a non-executive director (NED), with effect from 23 September 2024. Bhatt is set to also join the Nominations Committee and the Remuneration Committee and she will also join the…
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16 September
Tourist Tax cost retailers £220m in H1, says NWEC
The loss of tax-free shopping cost West End retailers £220m in unrealised sales in the first half of 2024, according to data from the New West End Company (NWEC). NWEC also claimed that the policy change cost West End retailers £400m in 2023. The number of international tourists visiting London…
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16 September
Yodel to hire 3,000 workers ahead of festive season
Yodel is set to hire more than 3,000 couriers and warehouse staff as it prepares for the festive season, Sky News has reported. The parcel carrier was on the brink of collapse earlier this year but is now getting ready to recruit more staff before the peak shopping period starts. …
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16 September
Proposed US tax changes will not hurt competitive edge, Shein says
Government plans to close a loophole in the US that allows low-value shipments to enter the country duty free will not damage business for Shein, its executive chairman Donald Tang has said. According to The Business of Fashion, Tang said it would not affect the company’s market position, after White…
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16 September
Battersea Power Station records strongest summer to date
Battersea Power Station has experienced its “strongest” summer to date, having recorded a 17% rise in footfall year-on-year from mid-July to the end of August. According to the London destination shopping centre, total visitor numbers exceeded 22 million since it opened to the public for the first time in its…
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16 September
British Fashion Council partners with JD.com
The British Fashion Council (BFC) has announced a new partnership between the BFC/Vogue Designer Fashion Fund and JD.com Inc., China’s largest retailer with 258.3m customers. With China being the world’s second largest consumer and luxury market and an increased interest from Chinese consumers for British designers, the partnership will allow…
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13 September
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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13 September
Barbour opens new store at Victoria Leeds
British heritage and lifestyle brand, Barbour, has opened its city debut store at Redical’s Victoria Leeds, marking its first New Heritage retail shop outside of London. Spanning two floors at Victoria Quarter’s 9-11 King Edward Street, the Barbour store is centred around the brand’s new design concept of New Heritage,…
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13 September
Frasers Group acquires St Nicholas Arcade in Lancaster
Frasers Group has revealed it has acquired St Nicholas Arcade in Lancaster for an undisclosed sum, in a move it said further strengthens the group’s commitment to physical retail in the UK. The 160,000 sq ft. shopping centre is a key retail destination in the heart of Lancaster, and is…
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