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 -22 April
TikTok Shop launches new ‘Preowned Luxury’ category
TikTok has announced the launch of the ‘Preowned Luxury’ category on TikTok Shop, which will enable the community to browse and purchase “authentic” luxury fashion. TikTok said the ‘Preowned Luxury’ category aims to help people learn more about luxury fashion, find style inspiration and purchase those must-have pieces, whilst on…
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19 April
Today’s news in brief-19/4/24
Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials in Exeter, Luton, and Plymouth, the company is reintroducing its free click and collect option. Customers can now access this service from reopened stores and over 200 collection points through…
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19 April
Mint Velvet to open new store at centre:mk
British womenswear brand Mint Velvet has announced it will open a key regional store at centre:mk in Milton Keynes. Set to open this Summer, Mint Velvet’s 2,800 sq ft debut store will be located on centre:mk’s premium Silbury Arcade and will stock a full collection of their womenswear, footwear and…
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19 April
Holland and Barrett invests over £4m in women’s health
Holland and Barrett has announced it will be investing over £4m into its women’s health offer, which will be backed by a new three-year Wellness Commitment. This follows YouGov research from Holland and Barrett which revealed that over a third of women said there is a lack of education or…
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19 April
American Golf’s ‘reset’ helps it return to profit
American Golf has reported that its strategic ‘reset’ has led to a £5.7m increase in EBITDA from a loss of £1.4m in the prior year to £4.3m, one year after the appointment of CEO Nigel Oddy. The group attributed this positive growth to the action it took to control costs…
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19 April
Bensons for Beds appoints new CMO
UK bed specialist Bensons for Beds has appointed Mark Slater as chief commercial officer and part of its executive team. Having joined the business in an interim capacity in February, Slater brings with him a wealth of experience, having previously worked on the executive team of Howdens plc, a £4.7bn…
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19 April
Asda Lowestoft workers to stage 48-hour strike
Asda employees at Lowestoft have announced they are set to strike for 48 hours over “a litany” of workplace problems, as GMB Union claims the workers have “had enough”. Some 122 workers voted in favour to strike for 48 hours from 00:01 on Friday 10 May until 23.59 on Saturday 11…
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19 April
Wilko relaunches click and collect
Wilko has relaunched its free click and collect service having successfully completed concept store trials in Exeter, Luton and Plymouth. Customers can use the service from reopened stores and from over 200 collection points via its collection partner, The Range. The company is continuing its store roll out programme with…
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19 April
Mytheresa FY24 guidance ‘at lower end’ despite healthy Q3 sales
Mytheresa has confirmed that its guidance for FY24 to 30 June will be “at the lower end” of its estimated range of 8% to 13%, despite the group expecting Q3 sales to have increased between 15% and 18% year-on-year. Sales are predicted to show growth of between €230m (£197m) and…
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19 April
Retail sales remain flat in March
Retail sales volumes remained flat in March 2024 following an increase of 0.1% the previous month, according to official data by the ONS. Non-food store sales volumes rose by 0.5% over the month, with increased footfall reported by some retailers. This is consistent with the rise in footfall on the…
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