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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May- 2024 -24 May
Ryman Design opens new store in Edinburgh
High-street stationer Ryman has announced the launch of a new Ryman Design Store, set to open in Edinburgh today (24 May). The store is the latest addition to a growing number of Ryman Design stores across the UK, following the opening of the London Bishopsgate in June 2023, and London…
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24 May
VF Corp appoints Paul Vogel as CFO
VF Corporation has announced the appointment of Paul Vogel as its new chief financial officer, effective 8 July, 2024. He will succeed Matt Puckett, who as previously announced, will be stepping down after 23 years with the company. VF said Vogel is an experienced finance executive with “significant” operational, financial…
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24 May
Morrisons warehouse staff strike over pensions
Morrisons has warned of disruption as almost 1000 warehouse workers have walked out for the next three days in a row over pensions. Workers at Morrisons distribution centres Gadbrook, Cheshire, and Wakefield, West Yorkshire have begun the first of two strikes. The employees claim that Morrisons is attempting to cut…
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24 May
John Lewis launches UK’s ‘largest range’ of rentable menswear
John Lewis has unveiled the “largest range” of menswear brands available to rent on the high street, with the likes of Boss Tailoring, Charles Tyrwhitt and new brand Hay Life among others. Searches for “Mens Rental” have been consistently in the top 30 search terms on JL.com for the past…
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24 May
Consumer confidence recovers in May
Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence Increase. While all measures were up in comparison to last month’s announcement, the figures remain in the minus. The forecast for personal finances is expected to increase five points to…
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24 May
Ted Baker shuts down US stores and website
Ted Baker has reportedly shut down its North American-based stores and website after falling into administration. It is believed that 31 of its US stores and nine of its Canada-based stores are set to close, and both areas can no longer shop on the brand’s website. On 19 March, restructuring…
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24 May
Retail sales slump 2.3% in April amid wet weather
Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector was hampered by ongoing wet weather over the period. According to the Office for National Statistics (ONS), sales volumes were down across most sectors, with non-food stores particularly “doing badly” as…
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23 May
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous year, despite a slight dip in total revenue by 0.8% to £1.6bn. Very UK, contributing 86% of the group’s sales, saw a revenue increase of 1% to £1.4bn. However, Littlewoods…
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23 May
Amazon partners with Unilever and Kimberly-Clark to help families experiencing poverty
Amazon has teamed up with Unilever and Kimberly-Clark to deliver over 100,000 hygiene products to families experiencing poverty across the UK. From today (23 May) until 16 June, for every two purchases on Amazon.co.uk from a selection of over 500 personal hygiene products, Unilever and Kimberly-Clark will donate a third…
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23 May
John Lewis Partnership to hire over 300 care experienced young people
The John Lewis Partnership has announced its ambition to hire more than 300 care experienced young people by January 2025 as part of its Building Happier Futures programme. The Partnership has hired around 76 people with Care Experience backgrounds through the Building Happier Futures programme. It said the new ambition…
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