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 -6 August
Retail sales jump 0.5% in July as clothing performance improves
UK Total retail sales increased by 0.5% year on year in July, against a growth of 1.5% in July 2023, amid improved performance from clothing as shoppers enjoyed the summer weather, according to the latest figures from the KPMG-BRC retail sales monitor. This was above the three-month average growth of…
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6 August
Bangladesh protests to delay clothing manufacturing
Political unrest in Bangladesh is expected to delay clothing manufacturing for fashion retailers such as H&M and Zara in the run-up to the key holiday season, Reuters has reported. It comes as Bangladesh has seen a rise in violence since July, which has forced Prime Minister Sheikh Hasina to resign…
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6 August
Zalando sales rise 3.4% in Q2 amid sports division boost
Zalando has welcomed a strong second quarter of trading that was boosted by a rising demand in sportswear, as revenues rose by 3.4% to €2.6bn (£2.2bn) against the prior year.Gross merchandise volume (GMV) rose by 2.8% to €3.8bn (£3.26bn) and adjusted EBIT rose to €171.6m (£147m) in the second quarter,…
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6 August
Asos proposes new executive pay plan
Asos has proposed changes to its remuneration policy with the introduction of a new Value Creation Plan (VCP). The retailer is convening a general meeting on 20 August to discuss the introduction of the VCP, which is set “to further align executive directors and the senior leadership team with the…
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5 August
Today’s news in brief-5/8/24
Authentic Brands Group has announced strategic partnerships to bolster Ted Baker’s presence in the US and Canada. United Legwear & Apparel Co. will oversee men’s sportswear, golf, and denim, managing wholesale operations and online platforms. Peerless Clothing will focus on tailored clothing, while BCI Brands will handle women’s sportswear and…
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5 August
Morrisons turns freezers up to -15°C for net zero
Morrisons has become the first UK retailer to turn its freezers up in 10 stores to -15°C in order to drive net zero. Recent comprehensive academic studies have shown that an increase of just three degrees in freezer temperatures across the supply chain will transform the global logistics landscape by…
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5 August
TikTok Shop ups UK seller fees
TikTok has revealed that it is raising seller fees on its UK TikTok Shop platform from 5% up to 9% from 2 September onwards. Alongside this, the company will launch the Seller Missions programme, giving sellers the opportunity to reduce their fees if they create a target number of TikTok…
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5 August
Authentic names new Ted Baker licensing partners
Authentic Brands Group has announced that it has established three foundational licensing partners for Ted Baker, securing the future of the brand in the US and Canada. The new lineup includes the United Legwear and Apparel Co. (ULAC), BCI Brands and Peerless Clothing. United Legwear and Apparel Co. will design…
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5 August
Alo Yoga unveils second store on Regent Street
US luxury activewear brand Alo Yoga has announced the opening of its new flagship store on London’s Regent Street. The news comes after the brand launched its first store on King’s Road last November. The new Regent Street flagship store spans 10,000 square feet and features a complete range of…
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5 August
Seasalt profits and sales soar amid portfolio expansion
Seasalt has seen its full-year profits and sales rise “markedly” as more bricks-and-mortar stores were added to its high street estate.The Cornish clothing brand saw turnover rise by 12% to £132.6m in the year ended 27 January, The Sunday Times reported. This was largely boosted by in-store sales, which rose…
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