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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May- 2024 -31 May
Aldi signs news £750m deal with British apple grower
Aldi has signed a new £750m deal with a family-owned Kent-based fruit farm to continue being the supplier of apples and pears. AC Goatham and Son has supplied Britain’s fourth largest supermarket with a variety of apples and pears since 2016 and was announced earlier last year as Aldi’s sole…
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30 May
Today’s news in brief-30/5/24
Marks & Spencer (M&S) has appointed Alison Dolan as its new chief financial officer, succeeding interim CFO Jeremy Townsend, who will remain until May 2025. Dolan, currently the CFO at Rightmove, brings extensive experience from roles at News UK and Sky. M&S CEO Stuart Machin praised Dolan’s background in fast-paced,…
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30 May
Carhartt WIP to open new flagship store in Soho
Lifestyle and apparel brand Carhartt WIP has recently signed for a new flagship store in Soho at 33-35 Brewer Street. Carhartt WIP will open a 4,000 sq ft store and stock the brand’s seasonal men’s and women’s collections, as well as gadgets, accessories, and special collaborative projects. The space will…
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30 May
Clarks falls to £40m loss
Clarks has revealed that it posted a loss of £39.8m for the year ended 31 December 2023, down from a profit of £35.9m in 2022. The company has put this down to a number of one-off costs in 2023 including £4.6m on restructuring. This also includes a £3m increase in…
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30 May
Dr Martens to cut £25m in costs as full-year profits plummet
Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months ended March, following weak demand in the US market. Throughout the year, revenues for the company fell by 12% to £877m, though DTC revenue rose by 2% to £533.1m, primarily…
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30 May
M&S appoints new CFO
M&S has announced the appointment of Alison Dolan as its new incoming chief financial officer. Dolan will take over from interim CFO Jeremy Townsend who will remain in his role as planned until May 2025. An exact start for Dolan will be announced “in due course”. She will bring a…
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30 May
Abercrombie and Fitch Q1 sales surge to $1bn
Abercombie and Fitch has reported a 22% increase in net sales to $1bn (£787.3m) for the first quarter ended 4 May 2024. The American retailer said the positive growth marks the highest first quarter net sales in company history. The group also saw its Q1 operating income climb to $130m…
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30 May
Asda launches £50m store upgrade programme
Asda has announced the launch of a £50m store upgrade program, which aims to improve the design and shopping experience across 170 of its stores. As part of the program, 50 larger stores will receive major upgrades, including the introduction of new in-store services and features. This will include a…
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29 May
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey. Sales volumes jumped by 8% in May, even as selling price inflation eased significantly to its lowest since August 2020, falling from 54% in February to 20%. Despite this improvement,…
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29 May
Poundland introduces new £3 meal deal
Poundland has today (28 May) launched its brand new £3 meal deal with sandwiches, salads and snacks. The new ranges raise the bar as Poundland introduces new options from high quality companies that already supply other multiple retailers such as M&S. What sets Poundland’s offer apart is that the price…
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