News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Sep- 2024 -27 September
Ebay launches new handbag consignment selling service
Ebay UK has announced the launch of its new consignment service for luxury items, giving users direct access to expert sellers who will list and sell their items on their behalf. To power the service, eBay has partnered with experienced luxury seller, Luxe Collective. Specialists in selling pre-owned luxury goods…
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27 September
Castore expands retail footprint with Braehead Shopping Centre store
British sportswear brand Castore has announced it is set to expand its retail portfolio with a new store at Braehead Shopping Centre. Set to open this Autumn, the 1,482 sq ft store will showcase Castore’s range of performance sportswear, and it said it will allow the brand to “connect with…
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27 September
Morrisons Q3 sales jump 2.1% to £3.9bn
Morrisons has announced that its total sales excluding fuel rose 2.1% to £3.9bn for the three months ended 28 July 2024. Alongside this, the company’s like-for-like sales excluding fuel and VAT rose 2.9% primarily driven by volume. Morrisons also added a further 50 products to its Aldi and Lidl Price…
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27 September
Amazon UK pays corporation tax for first time since 2020
Amazon’s main UK division has paid corporation tax for the first time since 2020 following the end of a ‘super-deduction’ tax break, The Guardian has reported. The group’s UK services paid £18.7m in “current tax” last year on sales of £27bn. This marks a shift from the £7.8m tax credit…
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27 September
Wacoal Europe acquires Bravissimo
Bravissimo has been acquired by Wacoal Europe, a lingerie and swimwear manufacturer, for an undisclosed amount. Wacoal owns brands Freya, Wacoal, Fantasie, Elomi and Goddess, most of which Bravissimo has been carrying for many years. Founded in 1995 by Sarah Tremellen, Bravissimo specialises in lingerie and swimwear in D cup…
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27 September
Tesco expands partnership with The Trade Desk
Tesco has extended its partnership with The Trade Desk to give advertisers direct access to its Clubcard data. The extended partnership means brands can plan and execute their campaigns without solely relying on third-party cookies for the first time. Marketers can now optimise across channels on the open internet from…
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26 September
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over 45 years. This move aims to reduce debt accumulated since its 2021 acquisition by CD&R. H&M expects to miss its 10% profit margin target for 2024 due to stagnant Q3…
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26 September
Le Labo opens new store in Victoria Leeds
New York-founded perfumery Le Labo, part of The Estée Lauder Company, has opened its regional debut at Redical’s Victoria Leeds. Situated on Queen Victoria Street, the 1,500 sq ft boutique reflects Le Labo’s New York City downtown aesthetic while honouring the Victorian-era architecture of the location. This blend of “modern…
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26 September
H&M lowers profit target as sales flatline in Q3
H&M has revealed that it does not expect to hit its profit margin of 10% which it forecast for the full year as it posted flat net sales of SEK59bn (£4.35bn) for the three months ended 31 August 2024. Its operating profit in the third quarter dropped 26% to SEK3.5bn…
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26 September
Co-op turns to AI to combat rise in crime
Co-op will use artificial intelligence to combat theft offenders following a spike in crimes, The Guardian has revealed. According to the grocer, in the first half of the year crime rose by almost 20% to £40m, which prompted the supermarket to spend £18m on measures to protect staff in its…
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