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.
-
Jun- 2024 -20 June
Sainsbury’s to sell banking portfolios to NatWest
Sainsbury’s has agreed to sell its banking arm’s personal loan, credit card and retail deposit portfolios to NatWest, in a deal that is set to complete next year. Under the deal, Sainsbury’s Bank will pay NatWest £125m to take on the portfolios. The sale will not include Sainsbury’s Bank’s commission income…
Read More » -
20 June
Saucony appoints global chief marketing officer
Running and lifestyle brand Saucony, a division of Wolverine World Wide, has announced the appointment of Joy Allen-Altimare as global chief marketing officer. In this role, Allen-Altimare will be responsible for developing and executing Saucony’s global branding initiatives, including brand positioning, direct-to-consumer strategies, advertising, digital strategies, international growth initiatives and…
Read More » -
20 June
The Perfume Shop sales rise 4% in run up to Father’s Day
UK specialist fragrance retailer The Perfume Shop has hailed an “outstanding” sales period for Father’s Day with a record 225,397 bottles sold over 14 days in the run up to 16 June 2023, seeing a 4% increase in sales compared with the same period in 2023. It said this equated…
Read More » -
19 June
Today’s news in brief-19/6/24
UK inflation has hit its target for the first time in almost three years, with consumer price inflation easing to 2% in May, down from 2.3% in April. The Bank of England last reached this target in July 2021. The Office for National Statistics attributes the decline primarily to falling…
Read More » -
19 June
Mango to open new site in Metrocentre
International fashion retailer Mango is set to open a new destination at regional mall Metrocentre. The brand will join the centre’s lower Red Mall later this year, opening its largest store in the region to date. Mango will bring a Mediterranean-inspired and versatile assortment of womenswear and menswear to Metrocentre…
Read More » -
19 June
Uber Eats couriers to pick and pack grocery orders under new scheme
Uber Eats has announced the launch of a new service that will enable its couriers to pick and pack supermarket orders on behalf of customers. It comes as the company revealed the number of shoppers who have placed a grocery order on its platform has nearly doubled in the last…
Read More » -
19 June
Cricket salads could be meal staple by 2054, Co-op report finds
Cricket salads, lab-grown steaks and azolla burgers may take the place of classic dishes such as Sunday roasts or fish and chips by 2054, a new Co-op report has found. The supermarket released “never-before-seen” AI images of what these meatimes could look to mark the release of its responsible retailing…
Read More » -
19 June
Inflation hits 2% target for first time in three years
UK inflation has hit its target for the first time in almost three years, as consumer price inflation eased to 2% in the year to May, down from a rise of 2.3% the prior month. The Bank of England last hit the 2% target in July 2021. According to the Office…
Read More » -
19 June
Amazon to invest £23m in skills training for UK employees
Amazon has announced that it is investing £23m in skills training for employees across the UK. The announcement comes as a new study by the retailer found that 61% of UK workers believe that on-the-job skills training or apprenticeships are more valuable for preparing people for work than traditional university…
Read More » -
19 June
Games Workshop profits to hit £200m in FY results
Games Workshop has said it expects its profit-before-tax will hit “no less” than £200m in its full-year results, up from £171m the prior year. It comes as the group’s core revenues are expected to be not less than £490m in the 53 weeks ended 2 June 2024, up from £445m…
Read More »
