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 -20 August
Estée Lauder sales fall in ‘difficult year’ as CEO departs
Estée Lauder has seen sales dip by 2% to $15.6bn (£12bn) in its full-year results, in part due to an “ongoing softness” in the China market, whilst also forecasting a fall in sales for the current fiscal year. While the group forecast lower than expected sales and earnings in FY25, it…
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20 August
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to invest in over 600 early years apprentices. It comes as the UK is grappling with a shortage of health visitors and midwives, with the existing childcare system also being widely…
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20 August
Topps Tiles rescues CTD Tiles out of administration
Topps Tiles has acquired the brand and assets of CTD Tiles in a £9m deal after the company fell into administration this week. The deal includes the CTD Tiles brands, 30 stores, selected stock and its intellectual property from CTD Tiles Limited. CTD supplied tiles to the retail, trade and commercial…
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20 August
Sosandar to open third store at Metrocentre
UK fashion brand Sosandar has announced that it has signed a lease agreement to open its third store in Newcastle’s Metrocentre. The store is expected to open in October ahead of the key Christmas trading period, and will follow the opening of Sosandar’s first two stores in Chelmsford and Marlow…
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19 August
Wilko family under pressure to fill £70m pension deficit
Wilko’s founding family is reportedly under pressure to pay £70m to fill the collapsed retailer’s pension hole, This is Money has reported. According to reports, Amalgamated Holdings Wilkinson Limited (AHWL), Wilko’s ultimate parent whose directors include Lisa Wilkinson, has no plans to pay up. Wilkinson, the granddaughter of Wilko founder…
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19 August
Boohoo in dispute with suppliers over poor stock quality
Boohoo and its suppliers are reportedly in a dispute over claims the fast fashion group has received a significant amount of defective stock and is therefore withholding payments, The Telegraph has reported. It is understood that the fashion group is refusing to pay the outstanding fees until the issues are…
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19 August
Morrisons hit by raft of senior staff departures
Morrisons has been hit by an “exodus” of senior staff after seven directors left the supermarket over the summer, including convenience director Miles Foster, property director Mark Nowak and productivity director Jonathan Bell, according to the Sunday Times. The news comes after almost a third of the top 60 employees…
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19 August
Ted Baker to shutter remaining stores, 500 jobs at risk
The remaining 31 Ted Baker stores will permanently shutter this week, putting more than 500 jobs at risk. According to Sky News, the closures come as talks over a licensing partnership between Frasers Group and Ted Baker’s owner, Authentic Brands Group (ABG), stalled. Ted Baker has already shuttered 15 stores across…
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16 August
Retail sales rebound in July as Euros give needed boost
Retail sales increased 0.5% in July after falling 0.9% in June, as retailers saw a welcome boost from Euro 2024 alongside summer discounts encouraging spending, according to the latest figures from the Office for National Statistics (ONS). Non-food stores sales volumes, the total of department, clothing, household, and other non-food…
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16 August
WHSmith rolls out café format amid food-to-go popularity
WHSmith has launched Smith’s Kitchen, a new own-brand café format that will offer dine-in and takeaway options, outside of travel locations. Smith’s Kitchen is the latest major food and drink launch this year, as WHSmith aims to expand its offering for customers and partners. According to the retailer, the new…
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