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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Jul- 2024 -5 July
The Cotswold Company upgrades showrooms with new Upholstery Hubs
Furniture and homeware brand The Cotswold Company has announced that it has completed a significant programme to upgrade its showrooms across the UK. Upgrades include improvements to visual merchandising, tweaks to in-store layouts and the roll-out of its Upholstery Hubs, an in-showroom offer that provides customers with a “one-stop-shop” for…
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5 July
The O2 sales increase 10% in H1
The O2 has revealed that it has seen a 10% increase in sales and a 15.5% uplift in footfall during the first half of the year. The destination also saw a 15% increase in sales for Outlet Shopping at The O2, bolstered by the recent openings of Castore and All…
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5 July
Co-op partners with Walmart on new online fulfilment tech
Co-op has announced a partnership with Walmart Commerce Technologies that will see it implement online fulfilment technology – store assist – to enhance the colleague and customer experience, as well as support its quick commerce growth ambitions. It comes as Co-op has ambitions to reach more than one third share…
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5 July
Taylor Swift and Euros boost footfall amid damp June
Taylor Swift’s UK tour and the Euros helped strengthen footfall during a very wet June as total UK footfall decreased by 2.3% in June (YoY), up from -3.6% in May, according to the latest figures from the British Retail Consortium (BRC). On a segment basis, high street footfall decreased by…
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4 July
Today’s news in brief-4/7/24
The European Commission is taking a decisive step to tackle a surge in unsafe and substandard products flooding EU markets from Chinese online retailers like Temu and Shein. Concerned by a 50% increase in dangerous product reports last year, exceeding 3,400 cases, the Commission plans to scrap the current €150…
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4 July
Castore opens new flagship shop at centre:mk
Sportswear brand Castore has recently announced the official opening of its regional flagship store at centre:mk. Located on centre:mk’s premium Silbury Arcade, Castore’s investment into centre:mk marks a new regional retail endeavour for the brand. Occupying 865 sq ft, the new regional flagship store is home to the brand’s complete…
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4 July
EU proposes new custom duties to curb Chinese imports
The EU has reportedly drawn up plans to impose custom duties on cheap products from Chinese online retailers such as Temu and Shein in a bid to dampen a rise in what it has called “substandard items”, the Financial Times has reported. The FT reported that The European Commission plans…
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4 July
Bezos to sell over $4bn of Amazon shares
Amazon founder Jeff Bezos is planning to sell more than $4bn (£3.2bn) of his shares in the company, as the stock hit a new record of $200.43 (£157.13) on Tuesday (2 July 2024). The news also comes after it was revealed that Bezos would sell another 25 million shares, raising…
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4 July
M&S appoints former Aldi MD and Morrisons director to food team
M&S has announced the appointments of Kara Greatorex as its new chief commercial officer and Jon Downes as supply chain and commercial operations director. Greatorex had been at Aldi for 15 years working across a number of roles including buying director and managing director for stores. She joins M&S on…
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4 July
Tesco staff to receive £30m pay out from share scheme
More than 20,000 Tesco employees are set to receive a £30m bumper pay out after the strong performance of the Tesco Save as You Earn colleague share schemes. The windfall is created by the strong growth of the Tesco share price, which reached £3.06 earlier this week. Employees who joined…
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