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.

  • Sep- 2023 -
    5 September
    Lidl opens largest warehouse with £300m Luton site

    Lidl opens largest warehouse with £300m Luton site

    Lidl has announced that it has opened a new £300m warehouse in Luton, its largest warehouse in the world. The 1.2 million sq ft RDC is located in Houghton Regis, Luton, and will be delivering over 9,400 pallets a day across 150 stores. It will be the first Lidl GB…

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  • 5 September
    UK retail sales soar by 4.1% in August

    UK retail sales soar by 4.1% in August

    UK total retail sales has seen an increase of 4.1% in August, against a growth of 1.0% in August 2022, according to the BRC-KPMG retail sales monitor. This was above the three month average growth of 3.6% and in line with the 12-month average growth of 4.1%. Food sales also…

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  • 4 September
    Reiss opens new location at centre:mk

    Reiss opens new location at centre:mk

    Reiss, the premium international fashion brand, has opened its brand-new store and key regional site in centre:mk, one of the UK’s top ten retail and leisure destinations.  The 1,884 sq. ft. store, situated on centre:mk’s premium Silbury Arcade, features Reiss’ attainable-luxury collection of modern menswear, womenswear, accessories, and childrenswear. Fitted…

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  • 4 September
    EY under fire over Wilko accounts oversight

    EY under fire over Wilko accounts oversight

    EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…

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  • 4 September
    Tesco staff offered body cameras as physical assaults rise

    Tesco staff offered body cameras as physical assaults rise

    Tesco’s chief executive, Ken Murphy, has confirmed that the supermarket chain has equipped its members of staff with body-worn cameras, after seeing physical assaults rise by a third in a year.  Writing to the Mail on Sunday, Murphy said that as a result, he has called for a change in…

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  • 4 September
    UK footfall falls by 1.6% in August

    UK footfall falls by 1.6% in August

    Total UK footfall decreased by 1.6% in August (YoY), down from a rise of +1.8% in July, the BRC has said.  According to new data covering the four weeks from July 30 to August 26, high street footfall decreased by 0.9% in August (YoY), down from +1.6% in July. Shopping…

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  • 4 September
    New Look to complete £100m debt refinancing

    New Look to complete £100m debt refinancing

    New Look is set to complete a £100m debt refinancing to help the business amid a poor trading environment, Sky News has reported. The high street fashion retailer is reportedly in advanced talks with Blazehill Capital and Wells Fargo to replace a term loan that matures in June 2024. Sky…

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  • 4 September
    HMV owner secures creditor backing for Wilko rescue deal

    HMV owner secures creditor backing for Wilko rescue deal

    Administrators to Wilko have reportedly secured the backing of creditors for a rescue deal led by HMV owner Doug Putman in a move that could save around 8,000 jobs. According to The Sunday Times, PwC is understood to have secured support from the Pension Protection Fund as well as other…

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  • 1 September
    L’Occitane receives B Corp certification

    L’Occitane receives B Corp certification

    L’Occitane has announced that it is now a certified B Corporation retailer, following two years of evaluating its impact on all its stakeholders – including employees, the wider community, suppliers, customers and shareholders, as well as environment. With this certification, the group joins a global community of businesses that share…

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  • 1 September
    John Lewis launches online Christmas shop

    John Lewis launches online Christmas shop

    John Lewis has launched its online Christmas shop on the company’s website. According to a recent survey 28% of customers are browsing and purchasing their Christmas gifts as early as August. A Google report looking into Christmas peak insights revealed that last year as many as 30% of John Lewis…

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