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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Apr- 2024 -26 April
Today’s news in brief-26/4/24
The Office for National Statistics (ONS) has reported a significant rise in shoplifting offences in England and Wales, reaching over 430,000 cases for the year ending December 2023—an increase of more than a third compared to the previous year. This marks the highest level in two decades. The ONS suggests…
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26 April
Aldi moves to 100% recycled plastic on soft drink and water bottles
Aldi has moved to 100% recycled plastic for its own-brand soft drinks and bottled water range in England and Wales. The move, which is rolling out across all products found in the soft drinks section of its stores, makes Aldi the first UK supermarket to shift its entire own-label soft…
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26 April
The Portman Estate boosts retail, leisure and cultural offer
The Portman Estate has signed five diverse new brands to boost Edgware Road, Marble Arch and the west side of Portman Marylebone’s retail, leisure and cultural offer. Moco Museum is joined by Maculara, ZULA Burger, WatchHouse Coffee and Mandy Zhang Art, highlighting the Estate’s “ongoing commitment to developing its balanced…
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26 April
Shoplifting hits record high in England and Wales
The number of shoplifting offences in England and Wales has reached its highest point in 20 years, according to new data from the Office for National Statistics. The number of shoplifting offences reached more than 430,000 for the 12 months ended December 2023, an increase of more than a third…
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26 April
Consumer confidence hits three-month high in April
Consumer confidence has risen from -21 to -19 in April, marking the first improvement in three months, GfK has reported. As consumer confidence across the UK has come above the -20 forecast, it also marks an improvement on the prior year, when the overall index score stood at -30. According…
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26 April
Burberry faces takeover threat after share drop
Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The Telegraph has reported. A profit warning from rival luxury brand Kering, which owns Gucci, Bottega Veneta and YSL among others, triggered a dip in Burberry shares on Wednesday (24 April).…
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26 April
Co-op appoints new property, development and estates director
Co-op has appointed Rachel Hargreaves as its new director of property, development and estates in a bid to boost its strategic growth plans. Joining Co-op from Lidl GB, Hargreaves’ position involves a focus on ensuring Co-op is at the “forefront of landowners, developers and agents minds as the go-to convenience…
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25 April
Today’s news in brief-25/4/24
Getir is set to exit the UK and Europe as investors inject additional funds into the company, according to Sky News. The funding, expected to be in the tens of millions of pounds, will support the closure of operations in the UK, Germany, and the Netherlands. The move follows restructuring…
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25 April
Co-op urges communities to call on PCC to tackle retail crime
Co-op is urging employees, member-owners and communities blighted by retail crime to write to their Police and Crime Commissioners (PCC) candidates and call on them to commit a crack-down on criminals. The retail industry has seen an unprecedented rise in retail crime driven by repeat and prolific offenders, and ahead…
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25 April
Sainsbury’s predicts profits to hit £1bn
Sainsbury’s has posted a pre-tax profit of £701m, an increase of 1.6% for the year ended 2 March 2024. As a result, the company expects an underlying profit of £1.06bn for the 2024-2025 period, up from the £966m it posted this year. The company saw a 6.8% rise in retail…
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