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 -9 August
Mountain Warehouse FY sales hit ‘record’ £386m amid new openings
Mountain Warehouse has revealed that store sales rose 7.1% to a “record” £386m in the year to 25 February, owing to the group’s 28 store openings – including its debut in Australia. The group has attributed its performance to shoppers returning to the high street after the height of the…
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8 August
Today’s news in brief-8/8/24
Deliveroo has reported a return to profit in the first half of the year, with earnings reaching £1.3m, a significant turnaround from a loss of £82.9m in the previous year. This success was driven by enhanced consumer retention and expanding partnerships with retailers. Key metrics include a 6% increase in…
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8 August
Ocado Retail launches reusable packaging pilot with Refill Coalition
Ocado Retail has become the first major supermarket to pilot a new reusable packaging scheme in partnership with the Refill Coalition, in an effort to reduce the use of single-use packaging from customers’ weekly shops. The trial, staged across two phases, will use a reusable vessel, developed specifically to deliver…
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8 August
Go Outdoors to open biggest store in Europe
Go Outdoors has announced that it is set to open the largest outdoor store in Europe at the Vangarde Shopping Centre in York on 23 August 2024. The record breaking store boasts 125,000sq. Ft of space with over 380 brands and 30 branded concession areas. These branded areas will include…
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8 August
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales.GTV was up by 6% to £3.7bn, with a constant currency GTV growth of…
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8 August
Co-op extends 30-year partnership with Wincanton
Co-op has announced a five-year contract extension with logistics provider Wincanton, building on over three decades of successful collaboration between the two companies. Under the new five-year agreement, Wincanton will continue to act as a partner to Co-op, providing facilities management and distribution services from 340,000 sq. ft. The…
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8 August
Hunter Price International acquires BargainMax
Hunter Price International, a supplier of impactful consumer products for many high street retailers, has announced the acquisition of online toy retailer BargainMax.co.uk for an undisclosed sum. The deal accelerates Hunter Price’s growth and expansion strategy, building on the business’ “most successful” trading year to date in 2023. According to…
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8 August
Asos secures three-year Microsoft deal to expand AI use
Online fashion retailer Asos has signed a new three-year agreement with Microsoft in a bid to enhance its operations, efficiency and “data-driven” decision making. The news comes as Asos has already taken advantage of AI features integrated into Microsoft solutions, including process automation through Power Automate, Teams Premium, and Microsoft…
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7 August
Today’s news in brief-7/8/24
Chris Brook-Carter, CEO of Retail Trust, highlighted an increase in calls from retail workers fearing for their safety amidst recent rioting in England and Northern Ireland. Several retail stores, including Shoe Zone and Sainsbury’s Local, were targeted by rioters. The British Retail Consortium is responding with a meeting today to…
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7 August
Bensons for Beds acquires 19 Carpetright stores
Bensons for Beds has announced that it has successfully acquired 19 locations where Carpetright was previously trading. The locations include: Aberdeen, Ashton, Belfast, Canterbury, Edmonton, Exeter, Irvine, Kettering, Old Kent Road, Oldbury, Portsmouth, Salisbury, Slough, Sutton, Torquay, Bath, Eastbourne, Gillingham and Solihull. The bed specialist retailer now plans to start…
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