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.
-
Jul- 2023 -11 July
N Brown unveils new board changes
UK clothing and footwear digital retailer N Brown has announced that Gill Barr and Richard Moross have stepped down as board directors as planned following the conclusion of the Company’s AGM. Meg Lustman will succeed Barr as the chair of the remuneration committee and a member of the nominations and…
Read More » -
11 July
UK retail sales rise 5% in June
Total retail sales in the UK were up 4.9% in June, compared with a 1% decline in June 2022, according to data from the British Retail Consortium. This 4.9% increase is above the three month rolling average of 4.6% and above the 12 month rolling average of 4%. As well…
Read More » -
11 July
Revolution Beauty says it could reach compromise with Boohoo
Revolution Beauty Group reportedly believes that a compromise with Boohoo could be reached in the coming days. The news comes after the cosmetics group said it will organise a general meeting on 7 August 2023. The board of the company has unanimously recommended that shareholders vote against all of Boohoo’s…
Read More » -
11 July
Sosandar welcomes first full year of profitability
Sosandar has welcomed its first full year of profitability in FY23, in what was a “milestone year” for the group, as profits swung to £1.6m, up from a loss of £0.6m the prior year. Despite challenging macroeconomic conditions over the period, revenues also increased, with sales rising 44% to £42.5m,…
Read More » -
11 July
British Land praises ‘winning’ retail park format ahead of AGM
British Land chief executive, Simon Carter, has said that retail parks “continue to be a winning retail format” due to their affordability, omnichannel compatibility and low capex requirements ahead of the group’s AGM. This comes as the retail park format continues to perform strongly for British Land, with occupancy reaching…
Read More » -
10 July
Bensons for Beds appoints new non-executive director
Nationwide sleep experts Bensons for Beds has announced the appointment of Lindsay Haselhurst as a non-executive director. Haselhurst previously held a number of senior roles at logistics giant Wincanton across UK and Europe, having more than 20 years of experience in operations and supply chain. She is currently chief operating…
Read More » -
10 July
Primark to hire 100 staff ahead of Salisbury opening
Primark has begun a recruitment drive for 100 new team members ahead of its new store opening in Salisbury this September. The 29,700 sq ft store will be set across two floors in the Old George Mall in the city centre, in the former BHS unit. The retailer will be…
Read More » -
10 July
Demand for retail warehousing falls to decade low
Demand for retail warehousing has reportedly fallen to its lowest point in the last decade, according to The Telegraph. The news comes as the surge in online shopping which culminated at its peak during the Covid-19 pandemic has also begun to falter with shoppers returning to the high street. The…
Read More » -
10 July
M&S chair ‘unhappy’ with Ocado Retail performance
M&S chair Archie Norman has reportedly told shareholders last week that he is “not happy” with the performance of Ocado Retail, according to The Times. Norman also stated that there was “work to do” on the joint venture M&S runs with Ocado. Ocado Retail posted a £501m loss for this…
Read More » -
10 July
Levi’s revenues dip 9% in Q2
Levi Strauss and Co recently reported a 9% revenue decrease to $1.3bn (£1bn) for the period ended in May 2023. Wholesale net revenues decreased 22% on reported and constant-currency bases as strong growth in Asia and Latin America was offset by declines in North America and Europe. In the American…
Read More »
