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 -12 February
The Body Shop set to appoint administrators
The Body Shop is reportedly set to appoint administrators from FRP Advisory, threatening “significant” shop closures and job losses, according…
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12 February
Evri owner plans offloading business in £2bn deal
Evri owner Advent International is reportedly considering offloading the business for £2bn, according to The Mail. The report stated that…
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12 February
Hermes FY23 profits hit €4.3bn
Luxury fashion group Hermes has reported that net profits hit €4.3bn (£3.6bn) during 2023, an increase of 28% compared with…
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12 February
Dobbies appoints Andy Hannan as commercial director
Dobbies, the garden centre retailer, has appointed Andy Hannan as commercial director to lead its new strategy. With “extensive experience”…
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12 February
Tesco boss calls for youth employment reform
Tesco CEO Ken Murphy has called on the government to make youth employment a priority, claiming the apprenticeship levy is…
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9 February
Five lessons from the demise of The Body Shop
In the face of recent news that The Body Shop’s UK operations are preparing to enter administration, a reflection on…
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9 February
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims…
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9 February
Verte and Round Retail launch pop-up shop
The Sloane Stanley Estate has announced that Verte and Round Retail have launched a collaborative pop-up shop at 340 King’s…
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9 February
Lucy and Yak partners with True Fit on AI fit recommendations
British clothing brand, Lucy and Yak, has partnered with True Fit, an AI platform that decodes size and fit for…
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9 February
Under Armour sees dip in profits amid decline in sales
Under Armour has reported a 25% dip in operating income to $70m (£55m) for the three months to 31 December…
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