News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jul- 2024 -22 July
John Lewis launches repair service trial with Timpson Group
John Lewis has announced a trial where customers can bring their garments, accessories and a selection of homeware back to life through an in-store repair service with Johnsons (part of Timpson Group). From reviving wedding dresses to restoring the zip on a luxury clutch or adjusting a pair of curtains,…
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19 July
Aldi tops Britain’s ‘most popular’ supermarket poll
Aldi has been named as the nation’s “most popular” supermarket, according to new polling data from YouGov for the three months to June 2024. The supermarket has maintained its leading position since July 2023, ranking ahead of its Big Four rivals, as well as M&S and Lidl. The most popular…
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19 July
Retail sales fall by 1.2% in June
UK retail sales volumes fell 1.2% in June 2024 as poor weather conditions for the time of year continued, according to the Office for National Statistics. New figures reveal that sales volumes fell across most sectors, with department stores and clothing retailers broadly returning to their Q1 (Jan to Mar)…
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19 July
Carpetright rival close to rescue deal
Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The Times. This comes after Carpetright placed its administrators at PwC on standby last Friday (12 July), as it sought “a period of protection” to secure an additional investment. While the…
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19 July
UK consumer confidence improves in July
UK consumer confidence has increased one point in July to -13, according to GfK’s long-running index. The survey revealed that two measures were up, one was down and two were unchanged in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was up…
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18 July
Sainsbury’s to donate over one million meals to children with Comic Relief
Sainsbury’s and Comic Relief have committed to donating over £2.5m to help children and families by providing over one million meals in the school holidays. The funding will help launch five new food club hubs, which will run all-year-around and provide long-term solutions to help improve families’ access to food…
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18 July
EssilorLuxottica to acquire Supreme from VF Corp
EssilorLuxottica, a global manufacturer in the optical industry, has announced that it has agreed a deal to acquire Supreme from VF Corporation in a deal worth $1.5bn (£1.15bn). The deal will see the eyewear giant expand into the streetwear segment for the first time.The transaction is expected to close by…
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18 July
Frasers Group hits top end of FY24 guidance
Frasers Group has reported that its adjusted profits-before-tax rose 13.1% to £544.8m for the year ended 28 April, hitting the top-end of its previous guidance range. This comes despite retail revenues falling by more than £100m to £5.3bn, with overall revenues declining by 0.9% to £5.5bn. However, the group managed…
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18 July
Dunelm FY profits ahead of expectations amid strong Q4
Dunelm has revealed it expects profits for the full year to be ahead of expectations after it saw a strong end to Q4. The homewares retailer has seen its total sales for the year grow 4% to £1.7bn driven by volume despite a “challenging consumer environment”. PBT is now expected…
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17 July
Berghaus to open new store in Gloucester Quays
Outdoor brand Berghaus has signed a new location at Gloucester Quays for its second standalone UK store. Launching this summer in a 2,117 sq ft store opposite Adidas, the outdoor brand will cater to activities including walking, mountaineering, and climbing, with a wide selection of clothing, footwear and equipment for…
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