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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Jul- 2024 -25 July
Burberry begins hunt for chair’s successor
Burberry is reportedly seeking a new board member who could replace incumbent chair Gerry Murphy, according to reports from Sky News. The company is reportedly working with headhunters to identify two new non-executives who would be contenders to replace Murphy. A definitive timetable for his successor has not been laid…
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25 July
Virgin Wines EBITDA hits £2.8m
Online wine retailer Virgin Wines UK has reported a 260% increase in EBITDA to £2.8m, with its profit-before-tax also expected to be £1.95, up from a loss of £430k, for the year ended 30 June 2024. Meanwhile, its revenue was in line with the prior year at £59m (FY23: £59m).…
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25 July
Majestic strengthens store portfolio amid £1m investment
Wine retailer Majestic has opened two brand new stores in the South East of England and completed two major refurbishments in the Midlands and Scotland within one week thanks to a £1m investment. It comes as the business reaffirms its commitment to experiential bricks-and-mortar stores through its efforts to expand…
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24 July
Seven Dials to welcome quartet of store openings
Covent Garden’s Seven Dials is set to welcome NN.07 first standalone UK store, Form&Thread’s West End debut and the opening of Wax London’s third boutique alongside Vivobarefoot’s upsized flagship store. Introducing its first standalone UK store, NN.07 will be opening at Seven Dial’s 7 Earlham Street in August. The opening…
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24 July
40% of consumers opt for cashless payments despite 2.6% surge in cash usage
Almost four out of 10 UK adults (39%) were living largely cashless lives during 2023, despite the number of people mainly using cash in 2023 rose to 2.6%, according to UK Finance’s latest Payment Markets Report, produced in collaboration with Accenture. The report revealed that one third (34%) of UK…
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24 July
NI retail staff and employers call for shop worker protection
Usdaw and employers’ organisation Northern Ireland Retail Consortium (NIRC) have jointly called for urgent action to protect retail workers from violence and abuse, amid a recent “epidemic” in retail crime. The call comes as recently recorded crime statistics from the Police Service of Northern Ireland (PSNI) show that shoplifting had more…
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24 July
Tapi confirms Carpetright store closure locations
The full list of 218 Carpetright stores set to close following the company’s acquisition by Tapi has been confirmed. Tapi has acquired the company’s IP as well as two warehouses and 54 of its stores saving 308 jobs. However, the details of the deal mean that 1,018 jobs across the…
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24 July
Hot weather and Euros help boost grocery sales
Total Till sales at UK supermarkets improved +3.6% in the last four weeks ending 13 July 2024, up from 1.1% in the previous month, as the arrival of hot summer weather and the Euros helped boost performance, according to new data released today by NIQ. Promotions also helped to drive…
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24 July
Iceland boss calls for review of supermarkets’ restrictive covenant ban
Iceland managing director Richard Walker has urged the new Labour government to review the ban for supermarkets to use restrictive covenants in property deals. In a LinkedIn post, Walker claimed that “legal tricks” have been used in the past by German-owned supermarkets Aldi and Lidl to prevent competition on retail…
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24 July
Mango names new external communications director
Fashion retailer Mango has announced the appointment of Doris Cesares as its new director of external communications, institutional relations and public affairs, effective 2 September. Cesares, who will be reporting directly to CEO Toni Ruiz, will join from Iberostar Group with more than 20 years of experience in building and…
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