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 -28 May
Gov should be talking about ‘falling apprenticeships’, says John Lewis boss
The outgoing chair of John Lewis, Dame Sharon White, has claimed that the government should be discussing the reasons why apprenticeships are declining instead of the PM’s new national service plan. Speaking on the BBC’s Sunday with Laura Kuenssberg, White, who will step down as boss of John Lewis next…
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28 May
Victorian Plumbing revenues dip to £144.6m in H1
Victorian Plumbing’s revenues dipped 1% to £144.6m in the six month period ended 31 March. Gross profits were up 8% to £72.3m however, with a gross profit margin increasing 4% points to 50% representing the highest gross margin since listing in 2021, underpinned by own brand sales. The bathroom products…
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28 May
Boohoo shareholders to revolt over exec bonuses
Boohoo is facing a backlash from its investors after awarding millions of pounds in bonuses to executives despite widened losses, The Sunday Times has reported. The fast-fashion group will reportedly face a shareholders revolt at its annual general meeting next month over proposals for a new long-term incentive scheme. According to…
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28 May
Shop price inflation returns to ‘normal levels’, BRC finds
Shop price annual inflation eased from 0.8% in April to 0.6% in May, according to the British Retail Consortium’s (BRC) latest shop price index. This has been confirmed to be below the three-month average rate of 0.9%, with the annual shop price growth being at its lowest since November 2021. …
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24 May
Today’s news in brief-24/5/24
In April, retail sales volumes dropped by 2.3% following a 0.2% decline in March, primarily due to ongoing wet weather, as reported by the Office for National Statistics (ONS). Non-food stores experienced a significant 4.1% fall, equalling the largest drop since January 2021, with clothing, sports equipment, and furniture retailers…
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24 May
Ryman Design opens new store in Edinburgh
High-street stationer Ryman has announced the launch of a new Ryman Design Store, set to open in Edinburgh today (24 May). The store is the latest addition to a growing number of Ryman Design stores across the UK, following the opening of the London Bishopsgate in June 2023, and London…
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24 May
VF Corp appoints Paul Vogel as CFO
VF Corporation has announced the appointment of Paul Vogel as its new chief financial officer, effective 8 July, 2024. He will succeed Matt Puckett, who as previously announced, will be stepping down after 23 years with the company. VF said Vogel is an experienced finance executive with “significant” operational, financial…
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24 May
Morrisons warehouse staff strike over pensions
Morrisons has warned of disruption as almost 1000 warehouse workers have walked out for the next three days in a row over pensions. Workers at Morrisons distribution centres Gadbrook, Cheshire, and Wakefield, West Yorkshire have begun the first of two strikes. The employees claim that Morrisons is attempting to cut…
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24 May
John Lewis launches UK’s ‘largest range’ of rentable menswear
John Lewis has unveiled the “largest range” of menswear brands available to rent on the high street, with the likes of Boss Tailoring, Charles Tyrwhitt and new brand Hay Life among others. Searches for “Mens Rental” have been consistently in the top 30 search terms on JL.com for the past…
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24 May
Consumer confidence recovers in May
Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence Increase. While all measures were up in comparison to last month’s announcement, the figures remain in the minus. The forecast for personal finances is expected to increase five points to…
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