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 -9 September
The Cotswold Company sales hit £40m in H1
The Cotswold Company, a premium handcrafted furniture and homeware brand, has announced a strong sales growth of 15% to £40.1m for the six months ending 25 August. Sales for the company were up 80% on a five-year basis and when compared to pre-Covid levels, following a 21% year-on-year increase in…
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9 September
Aldi announces record £800m investment amid highest ever sales
Aldi has unveiled its largest ever annual investment plan, with a new £800m package that is set to further its expansion across the UK.The supermarket said it also plans to invest £1.4bn into the business over the next two years. It comes as the group welcomed its highest ever period…
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6 September
Today’s news in brief-6/9/24
Burberry, a fixture in the FTSE 100 for the past 15 years, has been demoted to the FTSE 250 following a steep decline in its share price, which has plummeted by around 50% over the last six months. The luxury fashion house has been hit hard by a slowdown in…
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6 September
La Redoute appoints new CEO
La Redoute has announced the appointment of Fabien Versavau as chief executive officer, effective from 9 September. In his new role, he will be responsible for defining the company’s strategic roadmap and overseeing its operations, particularly supporting growth in France and internationally, strengthening the home segment, and optimising performance. Versavau…
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6 September
New Body Shop owner lines up working capital amid rescue deal
The new owners of The Body Shop are in advanced talks to secure more than £30m in working capital from Hilco Capital as they finalise a deal to buy the chain out of administration, according to Sky News. The news comes after businessman Mike Jatania’s consortium, Auréa Group, officially entered…
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6 September
H&M revives Cheap Monday with new collection
H&M has announced the relaunch of Cheap Monday with a new denim collection featuring American artist Nessa Barrett. As a result of this, Asos has become one of the exclusive retailers of the brand originally established in 2004. The new Cheap Monday collection will feature an assortment of denim, from…
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6 September
Tesco backs 16 new brands as part of accelerator programme
Tesco has stepped up its commitment to championing diverse new brands by adding 16 new brands to its 2024 accelerator programme. Building on the success of previous intakes, 16 brands will join the Tesco initiative, which aims to introduce small and trend-led brands into Tesco. The programme provides a comprehensive…
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6 September
CBI boss calls for gov to fix ‘antiquated’ rates system
CBI CEO Rain Newton-Smith has called on the government to fix the “antiquated” business rates rules in England to boost investment and grow the economy. Ahead of the Autumn Budget, the CBI convened firms from 12 sectors, including retail and manufacturing, to develop cross-economy solutions for a competitive and transparent…
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6 September
Burberry relegated from FTSE 100 as share price falls
Burberry has been relegated from the FTSE 100, having been in the tier for 15 years, after its share price plummeted this year following weaker sales. According to the latest FTSE Russell quarterly review, the luxury clothing brand now joins the FTSE 250, with insurer Hiscox taking its place in the…
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6 September
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of £154.7m, with EBITDA of £11.7m and profit before tax of £2.8m. The musical instruments and music equipment retailer will be holding its Annual General Meeting today (6 September) at 10.30am. …
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