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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Apr- 2024 -19 April
Retail sales remain flat in March
Retail sales volumes remained flat in March 2024 following an increase of 0.1% the previous month, according to official data by the ONS. Non-food store sales volumes rose by 0.5% over the month, with increased footfall reported by some retailers. This is consistent with the rise in footfall on the…
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18 April
Today’s news in brief-18/4/24
Shein is among several retailers expressing interest in acquiring Topshop from Asos, according to reports. Asos has received continuous interest from various high-profile retailers, with Authentic Brands Group also showing interest. The potential sale of Topshop by Asos follows its widening losses and a decline in sales, partly attributed to…
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18 April
Bensons for Beds appoints new CCO
Bensons for Beds has announced the appointment of Mark Slater as chief commercial officer (CCO), which will see him become part of the retailer’s executive team. Having joined the business in an interim capacity in February, Slater brings with him experience from the executive team of Howdens. Prior to that,…
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18 April
Metrocentre to welcome trio of retail brands
Metrocentre’s Green Mall is set to welcome specialist kitchenware brand ProCook, footwear retailer Clarks, and lingerie brand Victoria’s Secret. ProCook is set to open a 3,326 sq ft space in Metrocentre’s Lower Green Mall later this year. The kitchenware brand will stock a wide range of high-quality cookware, knives, tableware,…
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18 April
Adidas raises FY profit guidance amid strong Q1
Adidas has upped its profit guidance for the year after it revealed its Q1 profits increased to €336m (£287m), up from €60m (£51m) the previous year. In Q1, the sportswear giant reported currency-neutral revenues increased 8% versus the prior year level. In euro terms, the company’s revenues grew 4% to…
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18 April
Dunelm Q3 sales jump 3% despite ‘difficult trading conditions’
Dunelm has revealed that its sales for the 13 weeks ended 30 March 2024 rose 3% to £435m year-on-year. Alongside this, the company’s total digital sales rose 1% up to 37%, including home deliveries. Despite what it called a “challenging trading environment”, Dunelm expects its FY24 PBT to be broadly…
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18 April
Shein revives interest in acquiring Topshop
Shein is reportedly amongst a “number” of retailers still interested in acquiring the Topshop brand from Asos. According to The Times, Asos has received “non-stop interest” from a range of high-profile retailers, including the fast-fashion giant. Authentic Brands Group (ABG), which now owns Ted Baker and Forever 21, is also…
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18 April
BP rolls out body cameras at stores to tackle retail crime
BP has announced it is continuing to invest in the security of its employees by rolling out the Auror retail crime intelligence platform across its 300 company-owned stores and is implementing Reveal body worn cameras at stores experiencing higher levels of abuse and crime. These initiatives are part of BP’s…
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18 April
Harvey Nichols appoints new CEO
Harvey Nichols has appointed Julia Goddard, EMEA president of Alexander McQueen, as its new chief executive officer, effective June 2024. Goddard’s appointment comes after Manju Malhotra, who served as CEO for 25 years, resigned last August. Before joining Harvey Nichols, Goddard spent 14 years at Alexander McQueen, where she led…
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18 April
LVMH revenues up 3% in Q1 despite economic uncertainty
Luxury group LVMH has reported a revenue growth of 3% to €20.7bn (£17.7bn) in the first quarter of 2024, marking a good start to the year despite “a geopolitical and economic environment that remains uncertain”. This comes as its European and US markets achieved 2% growth on a constant currency…
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