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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Dec- 2023 -14 December
Farfetch in talks with Apollo over rescue deal
Farfetch has reportedly entered talks with Apollo Global Management to secure emergency funding in a bid to rescue the group. According to Sky News, Apollo is one of a “number of firms” in talks with the group, with sources adding a deal was far from being reached, and that it…
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13 December
Today’s news in brief-13/12/23
Walgreens Boots Alliance (WBA), the US-based parent company of Boots, is reportedly exploring an initial public offering (IPO) on the London Stock Exchange, reviving plans to divest the pharmacy chain. Walgreens had abandoned a £5bn sale of Boots last year, citing challenges in global financial markets. The potential IPO is…
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13 December
Rituals becomes latest retailer to join Victoria Square
Rituals has become the latest retailer to join Victoria Square as the retail and leisure destination in Northern Ireland completes over 10 leases from international and national brands in the past 12 months. Located on the lower ground floor next to Ted Baker, Rituals new 3,530 sq ft store will…
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13 December
Shoppers to spend over £3bn in pre-Xmas ‘panic weekend’
The 16 and 17 December, so-called the ‘panic weekend’, will see shoppers spend £3.31bn as they rush to finish their Christmas shopping, according to a new report by VoucherCodes.co.uk. The report, which has looked into Christmas shopping habits in the build up to Christmas and Boxing Day, forecasts a “strong”…
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13 December
Inditex sales and profits rise amid strong autumn trading
Fashion retailer Inditex, the owner of Zara, has reported an 11.1% sales increase to €25.6bn (£22bn) for its 2023 nine months results, with trading boosted by sales from its Autumn and Winter collections. Over the same period, gross profits for the group increased 12.3% to €15.2bn (£13bn), while EBITDA increased…
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13 December
Boots owner eyes London IPO amid revived disposal plans
Boots’ US-based parent company, Walgreens Boots Alliance, is reportedly eyeing an initial public offering (IPO) on the London Stock Exchange as the group revives plans to offload the pharmacy chain, according to Bloomberg. The news comes after WBA abandoned Boots’ £5bn sale and its No7 beauty brand last year, having…
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13 December
Revolution Beauty reaches settlement with co-founder amid CFO exit
Revolution Beauty has announced that it has reached a settlement with Tom Allsworth, the former executive chairman and co-founder of the company. The retailer has agreed to pay Allsworth an ex gratia payment of £270,000 net, £490,000 when grossed up for taxes. This is in respect of certain historical legal…
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13 December
Sosandar maintains FY guidance despite half-year loss
Sosandar has fallen to a pre-tax loss of £1.3m in its half-year results, down from a profit of £0.1m the prior year, but maintained its full-year outlook following strong autumn trading. The company saw revenues rise by 6% to £22.2m in the six months ended 30 September, with trading said…
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12 December
Under Armour opens store at The O2
Under Armour, the global sports apparel brand, has opened its London outlet debut store at Outlet Shopping at The O2, which is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new Under Armour store occupies 3,949 sq ft on Outlet…
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12 December
Today’s news in brief-12/12/23
Fast-fashion giant Shein is reportedly exploring the possibility of an initial public offering (IPO) on the London Stock Exchange. Chairman Donald Tangmet reportedly met with LSE executives in London to discuss the potential move. The talks are said to have focused on a UK listing, with Shein also considering raising…
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