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 -16 February
NWEC calls for return to tax-free shopping as tourist spending gap widens
The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number…
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16 February
Farfetch CEO to step down following Coupang rescue deal
Farfetch founder and CEO Jose Neves is reportedly stepping down from the company following the sale of the business to…
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16 February
Retail sales jump 3.4% giving optimism despite recession
Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the…
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16 February
John Lewis bolsters board and audit committee
John Lewis Partnership has announced the appointment of Clare Swindell to its board of directors and Jane Hanson CBE as…
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15 February
Today’s news in brief-15/2/24
The UK has entered a technical recession as its GDP contracted by 0.3% in the final quarter of 2023. This…
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15 February
Lidl switches to electronic shelf labelling
Lidl GB has announced it is changing how it displays prices , following a successful trial of electronic shelf labelling…
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15 February
Clacton Shopping Village marks ‘record-breaking’ 2023 trading
Clacton Shopping Village in Essex has experienced a “record-breaking” 2023 after welcoming a new high of 1.6 million shoppers and…
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15 February
Jeff Bezos sells over $4bn of shares in Amazon
Amazon founder Jeff Bezos has recently sold more than $4bn (£3.2bn) of his shares in the company, according to new…
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15 February
Kingfisher unveils new apprenticeship target for 2030
Kingfisher, the international home improvement retailer, has announced a new target for 20,000 colleagues to have completed an apprenticeship, traineeship…
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15 February
UK enters technical recession as GDP contracts 0.3% in Q4
The UK fell into a technical recession after gross domestic product (GDP) shrank by 0.3% in the final three months…
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