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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May- 2024 -24 May
John Lewis launches UK’s ‘largest range’ of rentable menswear
John Lewis has unveiled the “largest range” of menswear brands available to rent on the high street, with the likes…
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24 May
Consumer confidence recovers in May
Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence…
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24 May
Ted Baker shuts down US stores and website
Ted Baker has reportedly shut down its North American-based stores and website after falling into administration. It is believed that…
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24 May
Retail sales slump 2.3% in April amid wet weather
Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector…
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23 May
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous…
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23 May
Amazon partners with Unilever and Kimberly-Clark to help families experiencing poverty
Amazon has teamed up with Unilever and Kimberly-Clark to deliver over 100,000 hygiene products to families experiencing poverty across the…
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23 May
John Lewis Partnership to hire over 300 care experienced young people
The John Lewis Partnership has announced its ambition to hire more than 300 care experienced young people by January 2025…
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23 May
The Very Group losses narrow to £2.1m
The Very Group pre-tax losses narrowed to £2.1m in the 39-week period ended 30 March, down from a loss of…
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23 May
Temu owner sales rocket 131% in Q1
The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn…
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23 May
Smart Toys and Games acquires Wow Toys
Belgian puzzles and games company Smart Toys and Games has announced the acquisition of Wow Toys company (NAD Developments Limited).…
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