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 -16 August
Victorian Plumbing to shutter Victoria Plum, 100 jobs at risk
Victorian Plumbing is set to close Victoria Plum, a rival firm it acquired only three months ago, in a move that puts around 100 jobs at risk.The group acquired the competitor in May for £22.5m. It acquired the entire issued share capital of AHK Designs Ltd, trading as Victoria Plum…
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16 August
Lolë Brands acquires Sanuk
Lolë Brands, a global apparel company producing athleisure, active and outerwear, has acquired outdoor lifestyle footwear brand, Sanuk, previously a division of Deckers. The acquisition marks the second for Lolë in the past year as it expands its portfolio of “environmentally conscious” consumer brands. Founded in 1997 within the surfing,…
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15 August
Today’s news in brief-15/8/24
The UK economy showed resilience with a 0.6% growth in the second quarter of 2024, despite a stagnant June where GDP showed no growth. The Office for National Statistics reported that this growth follows a 0.7% increase in the first quarter. The service sector played a crucial role, expanding by…
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15 August
Aldi to retire click-and-collect service
Aldi has revealed it will be discontinuing its click-and-collect offering at the end of this week on 18 August. According to the group, the offering was a trial and had always been under review. By scrapping the service, Aldi said it will be able to focus on running its stores…
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15 August
UK economy grows by 0.6% despite June flatline
The UK economy has grown by 0.6% between April and June, in part boosted by the service sector, according to the latest figures from the Office for National Statistics. The second quarter growth follows a GDP rise of 0.7% in the first quarter of the year. Despite this, GDP showed no…
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15 August
Victoria’s Secret appoints Hillary Super as new CEO
Victoria’s Secret has appointed Hiillary Super as its new chief executive officer and a member of the board, effective 9 September 2024. Super succeeds Martin Waters in both roles. Timothy (TJ) Johnson, VS&Co’s chief financial and administrative officer, will serve as interim CEO effective today through 8 September 2024. Meanwhile,…
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15 August
Amazon cleared for delivery drone trial
Amazon has been given permission from the Civil Aviation Authority (CAA) to trial drones beyond a human controller’s line of sight in the UK, paving the way for delivery drones. Kirkwall airport in the Orkney islands will be one of the projects, testing how drones and other aircraft might operate…
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14 August
Today’s news in brief-14/8/24
Inflation in the UK increased to 2.2% in July 2024, up from 2% the previous month, driven by less significant declines in energy prices compared to a year ago. The Office for National Statistics (ONS) reported that while gas and electricity prices fell by 7.8% and 6.8% respectively from June…
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14 August
Avon UK owner files bankruptcy to avoid $1bn debt
The owner of Avon in the UK, Europe and Latin America, Avon Products Inc (API), has filed for Chapter 11 bankruptcy as it tries to offload $1bn worth of debt, according to The Telegraph. The debt also includes millions of dollars in liabilities linked to lawsuits alleging that talc in…
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14 August
Inflation rises to 2.2% due to energy prices
Inflation increased for the first time this year in July, as energy prices fell less than they did a year ago, according to the latest figures from the ONS. Prices rose 2.2% in July, up from 2% the previous month, but came below analysts previous estimates of 2.3%. Although monthly…
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