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 -4 June
Co-op unveils new partnership with Bonmarché
Co-op and Bonmarché have unveiled a new partnership as value fashion outlet launches inside Co-op’s new-look Louth store. Louth’s Co-op, located in Northgate, Louth, has undertaken a 12-week programme of works and improvements, with the major makeover including the introduction of the 3,000 sq ft Bonmarché store which marks the…
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4 June
Asda trials generative AI with Harley partnership
Harley, a London-based company developing a real-time Generative AI (GenAI) platform for data-driven decision-making, revealed it has trialled a successful proof of concept with Asda, one of the UK’s leading retailers. Harley said its platform provides Asda’s leadership with live, actionable insights, enabling executives to “make quicker and more informed…
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4 June
WIT Fitness to relaunch with founders amid Frasers partnership
WIT Fitness is set to relaunch with its original founders, having been acquired by Frasers Group in January 2024.Following the acquisition, founders Sam Kitching and Daniel Williams will lead WIT in partnership with Frasers Group. Frasers said the return of the founders will “help restore the WIT brand and reconnect…
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4 June
Retailers reportedly scramble for Xmas stock amid surge in shipping costs
European retailers are reportedly scrambling to get their Christmas orders early amid higher shipping costs and trade route disruptions that are impacting holiday deliveries, experts have told the BBC. In the midst of the Israel-Palestine war, many Western firms’ vessels have been attacked by the Houthi rebels backing Hamas over…
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4 June
UK retail sales improve by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. This was above the 3-month average growth of 0.3% and below the 12-month average growth of 2.0%. Food sales increased 3.6% year on year over the three months to May,…
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4 June
Lidl appoints new marketing director
Lidl GB has announced the appointment of Joanna Gomer as its new marketing director and head of campaign and media, who will replace former director Claire Farrant. The promotion comes after Farrant departed the discount retailer in September 2023 to head up marketing for BP’s mobile and convenience retail business…
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4 June
M&S boss sees pay packet rise 75% as profits surpass £700m
M&S CEO Stuart Machin has seen his pay rise 75% £4.73m following strong full-year results at the retailer. Machin received a fixed pay of £908,000 and £3.82m in performance related pay, which is subject to holding periods and is dependent on future share price growth. Alongside this, co-CEO Katie Bickerstaffe,…
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3 June
Today’s news in brief-3/6/24
Shein is reportedly preparing for a landmark London flotation valued at £50bn, marking the city’s most significant public float in over a decade. Sources indicate that the fast-fashion giant will soon file a prospectus with the Financial Conduct Authority, although the exact timing remains uncertain. This move comes after Shein…
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3 June
Lululemon opens upsized store in Covent Garden
Athletic apparel brand, lululemon, has officially launched its upsized store on Long Acre within The Yards, Covent Garden. Opening its doors in a new corner unit on Long Acre, the new store is a 130% upsize for lululemon at 8,330 sq ft, marking a significant investment from the international brand.…
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3 June
Shein to file for £50bn London float
Shein is reportedly eyeing a London flotation that would value the fast-fashion company at £50bn. According to Sky News, the company is set to file a prospectus with the Financial Conduct Authority for approval ahead of the potential float. Sources told Sky that the filing could potentially take place this…
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