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 -10 July
Timpson CEO steps down to focus on new ministerial role
Timpson CEO James Timpson has stepped down from his role at the shoe repair chain company after being recently appointed as minister for prisons, parole and probation. In a statement shared on LinkedIn, his father Sir John Timpson CBE said that as a result of his son’s decision to focus…
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10 July
Adidas set to announce highest profit in three years
Adidas could be set to announce its highest profit in three years amid success of its Samba and Gazelle trainers, according to reports from Reuters. Data from the London Stock Exchange Group (LSEG) forecasts that Adidas will see a profit margin of 51.4% for its second quarter, hitting its highest…
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9 July
Today’s news in brief-9/7/24
Amazon’s Coventry warehouse is at the centre of a groundbreaking union recognition ballot involving over 3,000 workers. If successful, this vote, set to conclude on July 13th with results expected by July 15th, could compel Amazon to negotiate with GMB Union on pay and working conditions. Concurrently, rallies are planned…
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9 July
Montirex to open first pop-up store in Liverpool One
Montirex, the Liverpool-born technical outdoor and sportswear brand, is set to open its first ever pop-up store on Liverpool One’s South John Street. The signing follows the brand’s “successful” permanent concessions within the destination’s JD Sports and Footasylum, and highlights Liverpool One’s position as the location of choice for “fast-growing”…
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9 July
Cold weather chills consumer spending in June
UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023, as cold weather negatively affected spending particularly on “weather sensitive categories”. The latest figures from BRC’s and KPMG’s retail sales monitor revealed that food sales increased 1.1% year-on-year over the…
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9 July
Majestic eyes 125 new store locations
Majestic Wine has revealed that it has identified 125 locations for potential new stores across England, Scotland, Wales and the Channel Islands. It has found almost 30 locations in Central London where it believes it could launch smaller format sites, following the success of its ‘mini Majestic’ concepts in Harpenden,…
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9 July
Ocado to open third CFC with Aeon
Ocado has announced the continued expansion of its partnership with Aeon with plans to construct a third Customer Fulfilment Centre (CFC) in Kuki-Miyashiro, Japan. The grocer entered an exclusive partnership with Aeon in 2019 to develop the online operations of the Aeon Next grocery business using the Ocado Smart Platform…
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9 July
Naked Wines CFO to step down after securing new credit facility
Naked Wines has announced that CFO James Crawford will be stepping down in the autumn, following the finalisation of the group’s new credit facility. According to the wine retailer, this timing is consistent with the two-to-three-year incentive arrangement agreed with Crawford when he rejoined the board as CFO in 2022,…
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9 July
Over 3,000 Amazon staff to vote over union recognition
Workers at Amazon’s Coventry warehouse are set to vote in a “historic” trade union recognition ballot which will force Amazon to recognise a union for the first time in the UK. More than 3,000 workers will take part in the ballot – if a majority of them vote yes, Amazon…
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8 July
Today’s news in brief-8/7/24
James Timpson OBE, CEO of the Timpson shoe repair chain, has been appointed as the new Minister for Prisons, Parole, and Probation following Labour’s landslide victory in the general election. Timpson, who has been involved in the family business since his school days, has grown the company from 320 to…
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