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 -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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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12 September
John Lewis narrows pre-tax losses to £30m
The John Lewis Partnership has revealed that its losses-before-tax closed to £30m, down from £59m, a decrease of 49%, for the 26 weeks ended 27 July 2024. Alongside this, the retailer’s losses-before-tax and exceptional items reduced by 91% from £57m down to just £5m. Overall, the company’s total revenue rose…
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12 September
Iceland expands product range in latest innovation push
Iceland Foods and The Food Warehouse have announced the launch of over 800 new products as part of its latest innovation push. The new products land in store and online from this week and include a variety of “exclusive” product offerings, including a launch of Jamie Oliver’s new frozen dishes.…
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