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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Oct- 2023 -3 October
Boohoo revenues tumble 17% amid weaker than expected demand
Boohoo has seen revenues plunge by 17% to £729.1m in the first half of the year, after a slower than expected recovery in its sales by volume. Over the period, UK revenues were down by 19% while International sales fell by 15%, as the number of orders fell by 18%…
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2 October
Mango Kids turnover exceeds €200m in 2022
Mango’s retail arm for children, Mango Kids, has revealed it grew by 18% in 2022 compared with the previous year, with turnover exceeding €200m (£173m) in the year, including Mango Teen. This comes as, by channels, sales in physical stores in 2022 accounted for 53% of total turnover, while the…
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2 October
Tesco rolls out protective screens for retail workers
Tesco is introducing new protective screens at hundreds of Express stores and petrol station kiosks in a further bid to protect its colleagues from assault. The supermarket, which has already rolled out body cameras across its stores as part of a range of measures to protect colleagues, is making the…
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2 October
Dame Sharon White to step down as John Lewis Chair next year
John Lewis Partnership chair Dame Sharon White is reportedly set to step down from her role next year, according to BBC News. The outlet has reported that White has begun talks with the firm’s board in order to start the search for her successor. She has been in the role…
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2 October
Retail bosses demand action over rising retail crime
Retail bosses from some 88 companies have signed a letter to the Home Secretary, Suella Braverman, demanding action over rising rates of retail crime. The retail industry has demanded that the government create a standalone offence of assaulting or abusing retail workers, with tougher sentences for offenders to act as…
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2 October
Lidl sees interest bill treble to £108m
Lidl’s UK arm has been hit by a rise in its borrowing costs, with its interest bill on debts almost trebling to £108m, according to This Is Money. The paper said this marked the “first serious setback” for Lidl in its UK operations, which has seen its share of the…
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2 October
Iceland boss quits plan to become Tory MP
Iceland boss, Richard Walker, has reportedly quit plans to become a Conservative MP as he accused the party of having “drifted badly out of touch” with the needs of the British people. Walker, whose father founded the supermarket chain Iceland, announced his plans to stand as a Tory MP last…
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2 October
AHK Designs acquires Victoria Plum
AHK Designs, owner of e-commerce retailers such as Beds.co.uk and Cox and Cox, has acquired bathroom seller Victoria Plum, according to Sky News. The news comes after people close to the business told Sky that inflation in global freight costs and pressure on consumer spending had impacted profitability and cash…
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Sep- 2023 -29 September
Sook takes over Liverpool ONE unit for pop-up retail space
Pop-up retail space operator, Sook, has signed to take over a unit on Liverpool ONE’s Upper South John Street, marking the third partnership with Grosvenor. The move will be the brand’s first venture into the North-West, opening at the start of November and set to operate for three months. Aiming…
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29 September
Zalando appoints new VP of creative direction
Zalando has appointed Morten Grubak in the newly created role of vice president of creative direction Reporting to Anne Pascual, senior vice president of product design at Zalando, Grubak will start the role on 1 October. He will be responsible for setting the overarching creative direction for the Zalando brand,…
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