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.
-
May- 2024 -8 May
Puma Q1 performance meets expectations
Sportswear giant Puma has revealed its Q1 performance has fully met expectations with currency-adjusted sales increasing by 0.5% to €2.1bn (£1.8bn). Puma said the sales performance comes amid a strong quarter in the previous year (Q1 2023 grew +14.4% ca and reported), and that currencies have continued to be a…
Read More » -
8 May
Morrisons acquires 38 Channel Islands stores
Morrisons has officially acquired 38 stores in the Channel Islands from its long-term partner, SandpiperCl. All of the acquired stores, which are on the islands of Jersey, Guernsey and Alderney, are currently supplied by Morrisons in some capacity, while 19 operate under the Morrisons Daily fascia. The transaction also includes…
Read More » -
8 May
Frasers Group launches new digital infrastructure to enhance operations
Frasers Group has announced it is investing in enhancing its digital infrastructure to improve its retail operations and ecommerce experience across its sports, premium and luxury brands. The retailer is teaming up with industry-leading partners including digital product developer ‘And Digital’, innovation experience specialist Valtech, and tech agency Lab Digital…
Read More » -
8 May
Amazon to create over 2000 jobs with new Northampton warehouse
Amazon has announced plans to build a new multi-million pound warehouse at the SEGRO Logistics Park Northampton, resulting in more than 2000 jobs. The Amazon Robotics fulfilment centre, near junction 15 of the M1, will be taking customer orders from 2026. At its launch, the development will create 1,400 new jobs…
Read More » -
8 May
Boohoo losses hit £160m amid sales slump
Boohoo losses have widened to £159.9m in its full-year results, up from a previous loss of £90.7m, as revenues fell amid a challenging market backdrop over the period.In the year ended 29 February 2024, revenues fell by 17% to £1.46bn, down from £1.77bn the prior year. As well as difficult…
Read More » -
8 May
Carpetright announces restructuring, 70 jobs at risk
Carpetright has announced restructuring plans across a number of departments to “better support regional stores and digital plans”. A staff reduction of just over 25% will affect the company’s central support centre and field management teams leading to approximately 70 job losses. The company stated that this reduction in central…
Read More » -
7 May
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales dropped by 2.8% over the three months to April compared to a growth of 1.2% in 2023. Food sales saw a 4.4% increase over the same period, although this is…
Read More » -
7 May
Aldi named UK’s cheapest supermarket in April
Aldi was officially the UK’s cheapest supermarket in April, according to the latest findings from consumer group Which?. Despite claims from the traditional supermarkets to price match Aldi on a limited number of products, Aldi has once again been named as the UK’s cheapest supermarket. Consumer group Which? conducted its…
Read More » -
7 May
Co-op opens new branch in New Romney
Co-op has opened its newest store to serve and support the community in the market town of New Romney, Kent. Located in Littlestone Road, New Romney, the 2,250 sq ft convenience store has created 16 local jobs and includes an in-store bakery, Costa Coffee Express machine, customer car parking, and…
Read More » -
7 May
The White Company profits dip 1.3%
The White Company has revealed that its profit before tax fell slightly from £32.6m down to £32.2m for the 52 weeks ended 29 July 2023. However, the company’s underlying profit for the year, excluding exceptional items, rose 4% to £33.5m, up from £32.3m the previous year. Alongside this, the company’s…
Read More »
