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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Feb- 2024 -27 February
Morrisons hires advisors as it eyes sale of bakery business
Morrisons has reportedly drafted in advisers to explore the potential sale of its bakery business, as part of plans to…
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27 February
Homebase owner eyes second sale in four years
Hilco Capital has reportedly put Homebase up for sale for the second time in four years after acquiring the business…
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27 February
Victorian Plumbing FY24 EBITDA in line with expectations
Bathroom retailer Victorian Plumbing expects to deliver full-year adjusted EBITDA in line with market expectations, as an increase in own…
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27 February
Shop price inflation drops to 2.5% in February
Shop price annual inflation eased to 2.5% in February, down from 2.9% in January, new figures from the BRC have…
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26 February
Today’s news in brief-26/2/24
Frasers Group has announced the appointment of four new directors to its board, signalling a significant restructuring move. Among the…
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26 February
Lululemon to open upsized flagship in Covent Garden
Athletic apparel brand lululemon will be relocating and upsizing its flagship store within The Yards, Covent Garden. Taking a new…
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26 February
Co-op opens newest local store in Welling
The Co-op has announced the opening of its newest 2,700 sq ft store in Welling on Wrotham Road, creating 18…
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26 February
Tourist tax unlikely to be scrapped in Spring Budget
Tourist tax is unlikely to be overturned in the Spring Budget despite recent campaigning from UK retailers, The Times has…
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26 February
Former Prince Andrew aide working on Currys takeover bid
Amanda Thirsk, former aide to Prince Andrew, is reportedly playing a key role in JD.com’s attempted takeover of Currys, according…
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26 February
Frasers appoints four new directors
Frasers Group has announced the appointment of four new directors to its board. David Al-Mudallal, chief operating officer at Frasers…
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