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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Sep- 2023 -27 September
John Lewis unveils new Christmas shops
John Lewis has unveiled its Christmas shops to customers nationwide, featuring more than 1,000 decorations. The announcement comes as demand for festive products has surged since the launch of the online shop last month, which saw sales of Christmas decorations up 25% compared to the same period last year. Supersized…
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26 September
Failure to reform Apprenticeship Levy cost retailers 12,000 lost apprenticeships, BRC says
Retailers could have offered 12,000 more apprenticeships over the past year if it was not for the Government’s failure to reform the Apprenticeship Levy, according to a survey by the British Retail Consortium (BRC). The industry took on approximately 17,000 apprenticeships in that period, meaning Levy reform could boost this…
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26 September
Today’s news in brief-26/09/23
Frasers Group has unveiled a new Flannels store in Nottingham city centre, featuring luxury designer clothing and accessories. The 15,000 sq. ft store houses brands like Gucci, Christian Louboutin, Saint Laurent, and Valentino. The opening is part of Frasers’ commitment to investing in retail and expanding its premium shopping destinations…
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26 September
Frasers opens new Flannels Nottingham store
Frasers Group has opened the doors to its latest Flannels store in Nottingham city centre. Frasers said it continues with the commitment to investing in retail and bringing “world-class” shopping destinations to new locations throughout the UK. Situated on Nottingham’s high street, the 15,000 sq. ft store will house two…
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26 September
Aldi to offer staff body cameras amid shoplifting rise
Aldi chief executive Giles Hurley has announced that the company will be offering staff body cameras in a bid to deter would-be shoplifters. Hurley confirmed that the plan was being trialled in a number of Aldi stores as the amount of shoplifting continues to rise. He also stated that body…
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26 September
Oliver Bonas full-year profits jump 21% to £9m
Oliver Bonas has reported a 21% pre-tax profit increase to £9m for the year ending in December 2022. Sales for the group remained “resilient”, as revenues increased 23% to £115m, compared to the £92m reported for the same period the previous year. In addition, operating profit jumped to £62m, compared…
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26 September
Asos cuts guidance amid falling sales
Asos has lowered its full-year guidance after sales fell by 15% in the three months ended 3 September. The group now expects EBIT to be around the bottom of the guided £40m to £60m range, with free cash inflow in H2 now expected to be roughly £60m excluding refinancing costs.…
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26 September
Card Factory profits soar 70% amid strong store sales
Card Factory has seen profits soar by 72.7% to £24.7m in its half-year results, up from £14.3m the prior year. Its profit result was driven by strong sales over the period, with revenues up by 11.5% to £220.8m, as the group welcomed good momentum across the business, particularly in its…
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25 September
Today’s news in brief- 25/09/23
H&M has reversed its earlier decision to impose a processing fee of £1.99 for in-store returns of online purchases. The initial announcement had been met with public outcry. Now, H&M’s website clarifies that there will be no return fee for parcels returned in-store. However, non-H&M members will still be subject…
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25 September
Kenji and Rituals set to open at Merry Hill
Sovereign Centros has announced that Kenji, the design-led homeware retailer, and Rituals, the luxury beauty and wellbeing brand, have signed at Merry Hill. Set to open later this year, Kenji and Rituals will occupy over 6,850 sq ft of retail space, joining a series of recently opened leading retailers and…
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