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 -15 July
Abuse of retail workers to become standalone offence
The government is expected to pass the Crime and Policing bill this week, which will make assaulting, threatening or abusing a retail worker a standalone offence, The Times has reported. It is understood that this new bill will be announced in the King’s Speech on Wednesday (17 July). The Crime…
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15 July
Decathlon launches investment subsidiary
Decathlon has announced the launch of Decathlon Pulse, a fully-owned subsidiary dedicated to investing in new business and “building new long-term growth engines”. An independent entity within the group, Decathlon Pulse will invest in “innovative people and businesses that share its values and commitment”. I It will look to build…
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12 July
Today’s news in brief-12/7/24
Carpetright, facing intensified competition and reduced demand, has enlisted PwC to explore a potential sale. This move, likely to proceed as a pre-pack deal or a company voluntary agreement, aims to stabilise the company amidst financial pressures exacerbated by recent cyberattacks and operational restructuring efforts. The retailer has already initiated…
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12 July
Retailers spend 300 hours a year fighting work admin, study finds
The average retail business is spending nearly 300 hours each year consumed with admin in their day-to-day jobs, according to new research. The study, from Brightpearl by Sage, who polled over 1,000 businesses, found that on average, retailers are spending an average of 5.7 hours weekly, 24 hours and 38.6…
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12 July
Carpetright drafts in advisers to explore sale
Carpetright has reportedly been put up for sale amid increased competition and a slowdown in demand, according to The Times. The company has drafted in advisers PwC to launch a formal sales process with a sale likely to be completed as a pre-pack deal. It could also come in the…
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12 July
GCA warns Amazon it must comply with Groceries Supply Code of Practice
The Groceries Code Adjudicator (GCA) has told Amazon that it must take “swift and comprehensive” action to demonstrably comply with the Groceries Supply Code of Practice in its new 2024 annual survey. According to the GCA’s 2024 annual survey, while the number of suppliers experiencing a code issue fell from…
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12 July
Dr Martens says trading in line with expectations ahead of AGM
Dr Martens has revealed that since the start of the year trading has been in line with expectations, ahead of its annual general meeting (AGM). The footwear retailer has also announced that its current financial year will be “very second-half weighted” particularly in terms of profits, citing that Q1 has…
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12 July
Currys speeds up UK store investment programme
Currys has announced that it will be making further investments in its store portfolio, which will see 50 of its largest stores undergo makeovers to include new categories, seasonal showcases, and “a focus on reinvigorating megastore entrance space”. It comes as Currys believes the blended in-store and online omnichannel model…
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11 July
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 July
Miniso to open new store at Eldon Square shopping centre
Miniso has announced the upcoming opening of a new location in Newcastle’s shopping centre Eldon Square. Located on the Upper Mall opposite John Lewis, Miniso’s new 1,700 sq ft store will showcase the brand’s product ranges including toys, beauty, food and brands such as Sanrio and Disney. The new store…
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