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 -29 August
New Look partners with ITF to protect supply chain workers
New Look has partnered with the International Transport Workers’ Federation (ITF) to ensure that transport workers’ human and labour rights are protected in the fashion retailer’s supply chain. Under a new memorandum of understanding (MoU), New Look will conduct human rights due diligence (HRDD) in its transport supply chain in…
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29 August
Quiz swings to £5.2m loss as cost-of-living crisis hits sales
Quiz has swung to a loss of £5.2m in its full-year results, down from a profit of £2.3m the prior year, as cost-of-living pressures impacted sales over the period. For the year ended 31 March 2024, the retailer saw sales fall by 11% to £82m against the £91.7m reported in FY23. …
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28 August
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Baker’s e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 August
Moss opens in Caledonia Park
Menswear brand Moss has opened a new shop at Scotland’s designer outlet village Caledonia Park. The brand, which recently dropped “Bros” from its branding, has opened a 2,984 sq ft unit at the shopping destination, bringing its full ready-to-wear collection of tailoring and casualwear to the outlet. An expert team…
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28 August
N Brown completes website roll out for its three strategic brands
N Brown Group has announced the successful launch of its new trading website for JD Williams – the group’s leading midlife retail brand. The launch completes the transformational priority to roll out new websites for all three of its strategic brands ahead of peak 2024 which it said marks an…
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28 August
Temu owner PDD sees shares plummet 29% despite strong Q2 results
Temu owner PDD holdings saw its shares plummet 29%, wiping out $55bn (£41.6bn) off the company’s market value, after its Q2 results fell short of analysts expectations. This comes despite a 86% increase in revenues to $13.35m (£10.09m) and a 156% rise in operating profit to $4.48m (£3.39m) in Q2…
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28 August
Naked Wines appoints new CFO as losses widen
Naked Wines has appointed Dominic Neary as its new CFO after it posted a loss before tax of £16.3m for the year ended 1 April 2024, up from £15m in the same period last year. Alongside this, the company posted an adjusted EBIT of £5m, down from £14.9m in the…
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28 August
MAC appoints new senior vice president of global marketing
MAC Cosmetics has announced the appointment of Emily Bromfield as senior vice president, global marketing. In this role, Bromfield will report directly to Aïda Moudachirou-Rébois, SVP global general manager of the company, overseeing the brand’s global marketing strategies across all categories and channels. With a career marked by a blend…
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28 August
Frasers to grow presence in Australia with latest investment
Frasers Group has announced the purchase of a 14.65% strategic investment in Accent Group Limited, a retail and distribution business in the performance and lifestyle market in Australia and New Zealand. The news comes as Frasers aims to grow its presence in Australia and New Zealand through partnerships to help…
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28 August
Ted Baker owner names operator for UK online business
The owner of Ted Baker has signed a deal with an American partner to manage the clothing brand’s e-commerce operations in the UK and Europe. Authentic Brands Group has struck a deal with United Legwear and Apparel Co (ULAC), with Ted Baker’s online operations set to relaunch in the UK this…
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