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 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…
Read More » -
5 September
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…
Read More » -
4 September
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…
Read More » -
4 September
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…
Read More » -
4 September
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…
Read More » -
4 September
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…
Read More » -
4 September
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…
Read More » -
4 September
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…
Read More » -
1 September
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…
Read More » -
1 September
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…
Read More »