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 -22 July
Holland and Barrett unveils first London ‘H&Bean’ cafe
UK-based wellness retailer Holland and Barrett has started trialling its first London-based H&Bean cafe concessions at its Victoria Street street store. The news comes after the group trialled the takeaway service at its flagship store in Birmingham in November. The new H&Bean cafe concession will offer a brand-new range of…
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22 July
Hammerson offloads Value Retail stake for £1.5bn
Hammerson will be disposing of its entire interest in Value Retail – the Bicester Village owner – to Silver Bidco Limited, a Jersey-based company established by affiliates of L Catterton, for £1.5bn to generate cash proceeds of about £600m. It comes as Hammerson plans to unlock value from 42% from…
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22 July
Homebase owner considers sale amid interest from The Range
Homebase owner Hilco Capital is reportedly considering a sale after it was approached from The Range for the DIY retailer, according to reports from Sky News. A formal sales process is set to commence in the coming days with other potential bidders involved. Sources suggested that the interest from The…
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22 July
Saudi wealth fund looks to up Selfridges stake to 50%
Saudi Arabia’s Public Investment Fund has reportedly made an offer to raise its stake in Selfridges from 10% to 50%, according to documents seen by Bloomberg News.The move comes after the department store’s co-owner Signa fell into insolvency earlier this year. The PIF currently owns a 10% share in the…
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22 July
John Lewis launches repair service trial with Timpson Group
John Lewis has announced a trial where customers can bring their garments, accessories and a selection of homeware back to life through an in-store repair service with Johnsons (part of Timpson Group). From reviving wedding dresses to restoring the zip on a luxury clutch or adjusting a pair of curtains,…
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19 July
Aldi tops Britain’s ‘most popular’ supermarket poll
Aldi has been named as the nation’s “most popular” supermarket, according to new polling data from YouGov for the three months to June 2024. The supermarket has maintained its leading position since July 2023, ranking ahead of its Big Four rivals, as well as M&S and Lidl. The most popular…
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19 July
Retail sales fall by 1.2% in June
UK retail sales volumes fell 1.2% in June 2024 as poor weather conditions for the time of year continued, according to the Office for National Statistics. New figures reveal that sales volumes fell across most sectors, with department stores and clothing retailers broadly returning to their Q1 (Jan to Mar)…
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19 July
Carpetright rival close to rescue deal
Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The Times. This comes after Carpetright placed its administrators at PwC on standby last Friday (12 July), as it sought “a period of protection” to secure an additional investment. While the…
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19 July
UK consumer confidence improves in July
UK consumer confidence has increased one point in July to -13, according to GfK’s long-running index. The survey revealed that two measures were up, one was down and two were unchanged in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was up…
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18 July
Sainsbury’s to donate over one million meals to children with Comic Relief
Sainsbury’s and Comic Relief have committed to donating over £2.5m to help children and families by providing over one million meals in the school holidays. The funding will help launch five new food club hubs, which will run all-year-around and provide long-term solutions to help improve families’ access to food…
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