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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Aug- 2024 -30 August
ACS warns of instances of smaller stores buying stolen goods from shoplifters
The Association of Convenience Stores (ACS) has reported that some smaller shops are buying stolen goods from professional shoplifters who work for criminal gangs, according to The Guardian. It comes as ACS members have experienced “very brazen and direct” incidents of shoplifting, with the typical items targeted being meat, cheese…
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30 August
Birkenstock misses Q3 profit estimates
Birkenstock has missed its quarterly profit estimates as its gross profit margin dropped 220 basis points to 59.5% during the third quarter which ended 30 June. The group reached an adjusted EBITDA of €186m (£156m), up 15% year-over-year. However, adjusted EBITDA margin was 33%, down 140 basis points from 34.4%…
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30 August
Tesco faces strike ballot as warehouse workers reject pay offer
Usdaw has launched a consultation ballot, asking Tesco workers at eight sites if they are ready to take a dispute over pay to industrial action. According to the trade union, members at all eight sites “overwhelmingly rejected” Tesco’s pay offer of between 2% plus £500 and 4.4%, depending on contract.…
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30 August
Sainsbury’s acquires 10 Homebase stores
Sainsbury’s has announced that it has acquired 10 stores from HHGL Limited, trading as Homebase, for conversion into Sainsbury’s supermarkets. The acquired stores are in key target locations that will grow Sainsbury’s supermarket coverage across England, Northern Ireland and Scotland. Once they are converted, the shop floor area of the…
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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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