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.
-
Sep- 2024 -13 September
EU border rules to disrupt Christmas food deliveries, warns Logistics UK
Logistics UK, a leading trade group, has warned that a new fingerprint scheme which has been designed to tighten EU border security could disrupt fresh food deliveries in the run-up to Christmas, according to the Telegraph. According to the new rules, all non-EU passengers at Dover will have to go…
Read More » -
13 September
Hotter Shoes acquires German retailer Peter Hahn
Hotter Shoes owner Wourth Group has announced it has acquired German retailer Peter Hahn out of administration. The investment into Peter Hahn, a traditional and internationally active multi-channel company for fashion and lifestyle for so-called “best-ager” customers, with headquarters in Winterbach, is a decisive step towards the long-term reorganisation and…
Read More » -
13 September
Mytheresa FY sales rise 9.8% to €840.9m
Luxury multi-brand digital platform, Mytheresa, has reported that net sales rose by 9.8% to €840.9m (£709.7m) for the year to 30 June after its fourth quarter performance drove “significant” improvements in the second half. Gross merchandise value at the group also rose by 7.1% to €913.6m (£771m) compared to the…
Read More » -
13 September
Retail industry is overtaxed, says BRC
The British Retail Consortium (BRC) has claimed that the retail industry is overtaxed compared with other sectors of the economy after new research found retail pays 7.4% of all business taxes (£33bn), a share 1.5 times greater than its share of the overall economy (5% GDP). The BRC said this…
Read More » -
13 September
Boots UK appoints new MD
Boots has announced that Anthony Hemmerdinger has been appointed as managing director of Boots UK and Ireland, effective from 4 November 2024. His appointment, which followed a “thorough” search process, comes as Seb James plans to step down from the MD role after six years. Hemmerdinger is currently the Retail and…
Read More » -
12 September
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
Read More » -
12 September
NN.07 opens standalone store in Covent Garden
NN.07, the sustainable menswear brand, has opened its debut UK standalone store in Covent Garden’s Seven Dials as Gandys and Batch London are also set to join the destination. NN.07, short for ‘No Nationality’, has launched its first standalone UK store in the heart of Covent Garden’s Seven Dials at…
Read More » -
12 September
Tesco loses ‘fire and rehire’ case at Supreme Court
Tesco has been blocked from its ability to dismiss staff at certain distribution centres and rehire them on lower pay, the Supreme Court has ruled. In a judgement passed today (12 September), five Supreme Court justices ruled on the motion unanimously. In 2021, trade union Usdaw took legal action over the…
Read More » -
12 September
Co-op triples member deals for remainder of 2024
Co-op has announced it has tripled its member deals, launching more than 100 new offers every month until the end of the year. The member deal offers, which launched in April, will reach 5.5 million customers, according to the group. The move marks a 252% increase on the number of member…
Read More » -
12 September
Trinny London opens first-ever flagship store
Online beauty brand Trinny London has opened its first-ever flagship store on King’s Road. The new store features designated breakout areas, interactive product-play spaces, displays of skincare routine inspiration for beginners and aficionados alike, and a space to build a personalised line-up based on your skin goals. Customers can shop…
Read More »
