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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Jun- 2024 -24 June
Today’s news in brief-24/6/24
Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative portrayals of the company in the UK. The British Fashion Council has expressed significant reservations about Shein’s business practices, particularly around labor exploitation. Although the company is based in Singapore,…
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24 June
Miniso to open new store at Trafford Centre
Miniso has announced that it is set to open its biggest store in the North of England at the Trafford Centre on 5 July. Situated between Boots and John Lewis on the ground floor, the new location will cover 2,700 sq ft, enhancing the shopping experience at the Trafford Centre.…
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24 June
Frasers acquires Coggles amid multi-year THG partnership
Frasers Group has announced it has agreed a multi-year partnership with THG which includes Frasers acquiring THG’s luxury brands business including Coggles. Alongside this, THG will integrate the Frasers Plus credit offer into its Ingenuity platform. This agreement marks the first Frasers Plus partnership with an external partner. Frasers Group…
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24 June
Iceland launches ‘supermarket manifesto’
Iceland Foods has launched its first-ever supermarket manifesto ‘Frozen Out’’, designed to give customers a voice as the country heads towards the general election. Featuring findings from a survey of more than 6,500 customers, and colleague and customer listening panels at stores up and down the country, the manifesto will…
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24 June
Under Armour agrees to $434m settlement amid shareholder lawsuit
Sportswear brand Under Armour has agreed to a $434m (£342.7m) settlement in a 2017 shareholder lawsuit. The case alleges that Under Armour and CEO Kevin Plank violated U.S. securities law by making materially false and misleading statements and failing to disclose adverse information about Under Armour’s business and operations to…
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24 June
Getir shareholders to split business in two amid UK market exit
Getir’s shareholders have reportedly backed a restructuring that means the Abu Dhabi state fund Mubadala will inject an investment of up to $250 (£197m) into the food delivery app, according to Sky News. This comes after Getir held a general meeting yesterday (23 June), where investors approved to split it…
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24 June
John Lewis unveils new circular design collection
John Lewis has today (24 June) launched a new eco-friendly circular collection across its Home and Fashion range. The 20-piece collection, which includes nightwear and filled bedding, has been developed with “circularity at the forefront”, offering products which are longer lasting and more sustainable. Products in the range have an…
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24 June
Shein’s £50bn London float in danger
Shein could reportedly ditch plans for its £50bn float in London amid growing concerns in China over how the retailer is portrayed in the UK, The Mail on Sunday has reported.It comes as criticisms of Shein have unsettled high-ranking officials in the Chinese government, sources told The Mail. The criticisms…
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21 June
Today’s news in brief-21/6/24
UK retail sales saw a notable increase of 2.9% in May 2024, reversing a 1.8% decline in April. According to the Office for National Statistics, sales volumes rose across various sectors, with clothing retailers and furniture stores rebounding after poor weather in April. Over the three months to May 2024,…
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21 June
Peak Performance to open first UK store in Covent Garden
Scandinavian outdoor brand Peak Performance has selected Covent Garden to be the home of its first-ever UK store. Known for its “bold and progressive” design, Peak Performance Covent Garden will offer a selection of collections at its new 1,700 sq ft home at 49 Long Acre, from the lightweight Helium…
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