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 -12 June
Euros to boost retail spending, BRC finds
England and Scotland’s involvement in this year’s euros are likely to net retailers a “vital” spending boost, according to polling from the British Retail Consortium. A new poll of 2,000 British shoppers suggests that the country’s love of football will translate into additional purchases. This will come after weak retail…
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12 June
Ex-BHS directors fined £13m over ‘wrongful trading’
Two former directors of department store chain BHS have been ordered to pay at least £13m to creditors over their involvement in the collapse of the retailer in 2016. High Court judge Justice Leech has fined Lennart Hennington and Dominic Chandler £6.5m each after finding them liable for wrongful trading…
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12 June
Superdry creditors vote through restructuring plan
Superdry has revealed that its creditors have voted overwhelmingly in favour of its restructuring plan. The company stated 99% of its creditors voted for the plan which now only requires shareholder approval. The plan will involve rent reductions at 39 stores, delisting from the stock market and an equity raise…
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12 June
Castore opens new site at Centre:mk
Sportswear brand Castore has announced its regional debut into Milton Keynes with the launch of its new store at Centre:mk. Set to open on Silbury Arcade in late June, Castore’s 865 sq ft location will be one of the brand’s first new store concepts designed by Ink Associates. The centre:mk…
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12 June
DFS slashes FY guidance amid Red Sea disruption and weak demand
DFS has downgraded its full-year guidance amid “challenging” consumer demand and ongoing disruption issues in the Red Sea, which have caused delivery delays and higher freight costs. In its latest update, the company said it now expects profit-before-tax to be in the range of £10m to £12m in the full-year, down…
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11 June
Today’s news in brief-11/6/24
One in three Asda staff have reported being attacked at work, according to a survey conducted by the GMB union. The poll of nearly 1,000 Asda employees revealed incidents of being stabbed, punched, threatened with syringes, and other violent acts, including delivery drivers being chased by cars and confronted by…
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11 June
Lidl announces third pay rise in 12 months
Lidl GB has announced that it is increasing pay for hourly-paid workers to a minimum of £12.40 across the country, up from £12. In London, employees will see entry level pay rise to £13.65, up from £13.55. The new base rates equal “the best hourly pay” in the sector and…
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11 June
One in three Asda staff attacked at work, GMB finds
One in three Asda staff have stated that they have been attacked at work, according to a new survey from the GMB union. The survey includes reports of workers being stabbed, punched and threatened with syringes. The poll of almost 1000 Asda workers found that staff had been spat at,…
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11 June
Sainsbury’s cuts plastic waste by almost 700 tonnes
Sainsbury’s is set to save 694 tonnes of plastic a year thanks to the introduction of a number of packaging changes across its own-brand chicken and fish lines. All own-brand salmon fillet trays are switching to pulp cardboard instead of plastic, a UK retailer first, which will result in 70%…
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11 June
White Stuff to launch wholesale arm in the US
White Stuff will be officially launching in the US this summer as part of its international expansion plans to double the size of its wholesale business over the next four years. The fashion retailer’s entrance into the US will be through several wholesale partners in Illinois, Indiana, Michigan, Iowa, Wisconsin…
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