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 -10 September
Burberry valuation hits 15-year low as market value falls to £2bn
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market value to £2bn – its lowest valuation since 2009, The Telegraph has reported. The news comes after the retailer’s recent exit from the FTSE 100. According to Barclays, Burberry’s situation…
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10 September
Beaverbrooks invests £1.6m in Bracknell store refurb
Family-owned national diamond, jewellery and watch retailer Beaverbrooks has made a £1.6m investment in the complete refurbishment and expansion of its Bracknell store, doubling its size and elevating it as a destination for luxury and Swiss watches. Following the investment, the newly refitted store, located on The Avenue, reopened on…
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10 September
JD Sports to close Derby warehouse with almost 200 jobs lost
JD Sports has made the decision to close its distribution centre in Derby, meaning almost 200 jobs could be lost, according to reports first revealed by the BBC.The outlet said staff at Derby Commercial Park were informed of the decision on Friday (6 September) following a six-week consultation period. It…
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10 September
Avalara names Kevin Sellers as CMO
Avalara, a provider of tax compliance automation software for businesses of all sizes, has announced Kevin Sellers has been named executive VP, chief marketing officer. Sellers brings more than 25 years of broad-based global marketing expertise to the role with Avalara adding he has a “proven track record of driving…
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10 September
Mountain Warehouse to open 50 new stores
Mountain Warehouse has revealed that it will open 50 new stores next year. According to The Times, the outdoor retailer is ramping up its expansion strategy driven by a surge in demand for in-person shopping experiences. Last month, the retailer reported £386m in sales and £26.2m pre-tax profit for the…
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9 September
Today’s news in brief-9/9/24
Asos has declined a £215m bid for Topshop from Shein and Authentic Brands Group, choosing instead to proceed with a joint venture alongside Heartland, an investment firm owned by retail billionaire Anders Povlsen. This decision values Topshop and Topman at £180m, with Asos selling a 75% stake for £135m. The…
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9 September
Gymshark appoints new chief people officer
Gymshark has announced the appointment of Sian Keane to the role of chief people officer. Keane is the latest in a series of senior appointments at Gymshark, following Mat Dunn joining from Asos as chief financial officer, Carly Natalizia (formerly O’Brien) joining from The Very Group as chief digital officer…
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9 September
Asos rejected £215m Shein Topshop bid for lower offer
Asos reportedly declined a £215m bid for Topshop from Shein and Authentic Brands Group, in favour of its joint venture with Heartland, according to The Sunday Times. The retailer agreed to sell a 75% stake in Topshop and Topman for £135m in a deal that valued the two brands at…
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9 September
LVMH names Sarah Burton as Givenchy creative director
Givenchy has announced the appointment of Sarah Burton as creative director, with immediate effect. Burton will be responsible for the creative direction of all of the Maison’s Women’s and Men’s collections. Burton was born in Macclesfield and educated in Manchester, before studying Fashion at Central Saint Martins College of Art…
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9 September
Auréa completes Body Shop rescue deal
Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has completed its acquisition of The Body Shop. This investment represents Auréa’s largest transaction to date. Jatania and Charles Denton will serve as executive chairman and CEO respectively and will jointly steer The Body Shop’s revival and “reclaim…
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