News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jan- 2024 -25 January
White Stuff to open new flagship store in Liverpool
Lifestyle brand White Stuff has announced it is set to open a new flagship store at Liverpool One in the coming months. Located on Liverpool One’s Peter’s Lane, the new 1,800 sq. ft store will create 10 new jobs in the area, feature an “elevated” design format, and stock all…
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25 January
JD.com partners with Evri on European brand expansion in China
Chinese marketplace JD.com has announced a partnership with Evri in its effort to offer European brands more access to its consumer base in China. In a statement, the marketplace expressed that the partnership will help establish comprehensive two-way logistics services spanning China and Europe. The services will include Evri’s local…
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25 January
Puma sales dip in 2023 due to Argentinian peso devaluation
Puma achieved full-year currency-adjusted sales growth of 6.6%, with preliminary 2023 sales of €8.6bn (£7.3bn) due to the devaluation of the Argentinian peso by 54% in December 2023. The company said that the peso devaluation and its hyperinflationary accounting treatment led to a significant gap between the underlying operating performance…
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24 January
Today’s news in brief-24/1/24
The Chair of B&M, Peter Bamford, has confirmed his retirement this calendar year after serving in the role since March 2018. An executive search firm has been appointed to initiate the recruitment process for a new chair, led by senior independent director Tiffany Hall. While no retirement date has been…
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24 January
ProCook announces commitment to Real Living Wage
ProCook has announced today its commitment to paying at least the Real Living Wage for all colleagues, reflecting its ongoing investment in its people. The base rate of £12 per hour will be offered as a minimum to all colleagues regardless of age, with London workers receiving £13.15 per hour. …
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24 January
Manchester Arndale to secure more leasing transactions in 2024
Manchester Arndale shopping centre is set to add to its retail, leisure and eatery line-up this year, following a successful 2023 that saw footfall grow by 6.3%. During the past 12 months, joint asset managers M&G Real Estate and Global Mutual secured over 106,042 sq ft of leasing transactions which…
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24 January
Quiz blames inflation amid Xmas sales dip
Fashion retailer Quiz has blamed “inflationary pressures” for negatively impacting its sales performance during Christmas trading as its group sales decreased 11% to £8.8m. In a trading update for the four weeks ending 31 December 2023, the group said the reduction reflects the negative impact of inflationary pressures on consumer…
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24 January
Bridgepoint to acquire RoC Skincare
Bridgepoint has announced a strategic investment in RoC Skincare (RoC) from the brand’s existing backer, Gryphon Investors for an undisclosed amount. Founded in Paris in 1957 by Dr. Jean-Charles Lissarrague, RoC is one of the largest independent skincare brands worldwide, offering clinically proven, dermatologist-backed skin health solutions with a focus…
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24 January
BRC launches ‘Manifesto for Retail’ ahead of General Election
The British Retail Consortium (BRC) has announced the launch of its “Manifesto for Retail” ahead of the anticipated General Election this year. The organisation has laid out a vision with three main aims, a more coordinated approach to tax and regulation, jobs and Net Zero and the circular economy. On…
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24 January
The Co-op to increase member-owners to 8 million by 2030
The Co-operative is looking to substantially increase the number of members-owners from five million to eight million by 2030. This new target follows the release of data, which showed that momentum in Co-op membership continued to grow significantly ahead of expectations. The Co-op now has five million active member owners,…
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