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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Aug- 2024 -29 August
Today’s news in brief-29/8/24
Retail footfall in the UK experienced a slight increase of 0.9% from July to August, with shopping centres and retail parks leading the growth. High streets saw a minor decline, initially impacted by summer holidays and protests but later boosted by events like Taylor Swift’s concert. The return to office…
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29 August
Strathberry appoints new MD as it targets £100m revenue
Edinburgh-based luxury brand Strathberry has appointed Martin Byrne as managing director as the brand targets £100m revenue in a continued expansion. Byrne, who brings a wealth of experience from leading roles in high-end consumer brands, will join the company in November, working closely with founders Guy and Leeanne Hundleby to…
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29 August
Halfords sees surge in demand for bikes amid Olympic success
Halford’s has seen a surge in demand for its bikes after Britain’s strong performance in the cycling events at the Paris Olympics inspired consumers. Figures from the brand show that over the course of the games in Paris, Brits visited the Halfords bike website over half a million times (552,282).…
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29 August
Retail footfall shows resilience despite riots
Footfall in the UK rose marginally by 0.9% from July to August in all UK retail destinations according to data from MRI. The performance was led by a 2.1% rise in shopping centre footfall followed by 2% increase at retail parks. Despite this, activity in high streets declined by 0.1%,…
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29 August
Morrisons cuts prices on over 2,000 products
Morrisons has cut the price of over 2,000 products both online and in-store in a move set to benefit More Card customers. Loyalty card holders will now pay less with their More Card, with new market leading prices applied throughout September to over 2,000 branded and essential items across fridge,…
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29 August
Ocado Retail to slash prices on over 450 products
Ocado Retail has announced that it is slashing prices under its Big Price Drop scheme. Posting on LinkedIn, the group said: “From today, 450 more products on site will be reduced in price, decreasing by an average of 17%. It’s one of the many ways we’re continuing to offer reassuringly…
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29 August
New Look partners with ITF to protect supply chain workers
New Look has partnered with the International Transport Workers’ Federation (ITF) to ensure that transport workers’ human and labour rights are protected in the fashion retailer’s supply chain. Under a new memorandum of understanding (MoU), New Look will conduct human rights due diligence (HRDD) in its transport supply chain in…
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29 August
Quiz swings to £5.2m loss as cost-of-living crisis hits sales
Quiz has swung to a loss of £5.2m in its full-year results, down from a profit of £2.3m the prior year, as cost-of-living pressures impacted sales over the period. For the year ended 31 March 2024, the retailer saw sales fall by 11% to £82m against the £91.7m reported in FY23. …
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28 August
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Baker’s e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 August
Moss opens in Caledonia Park
Menswear brand Moss has opened a new shop at Scotland’s designer outlet village Caledonia Park. The brand, which recently dropped “Bros” from its branding, has opened a 2,984 sq ft unit at the shopping destination, bringing its full ready-to-wear collection of tailoring and casualwear to the outlet. An expert team…
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