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.
-
Jul- 2023 -27 July
THG snaps up City A.M.
THG has announced the acquisition of London’s 18-year-old business newspaper, City A.M. The news comes after it was revealed that City AM was on the brink of administration and THG was reportedly in advanced talks with the newspaper to acquire it through a pre-pack administration. Matthew Moulding, THG chief executive…
Read More » -
27 July
Frasers profits nearly double amid sports retail growth
Frasers group has posted profit before tax of £660.7m for the year ended 30 April 2023, nearly double the £335.6m profit it posted last year. The company stated that this profit increase was mainly driven by a profit growth from its sports retail business from £2.64bn in 2022 to £3.08bn…
Read More » -
26 July
Caramella pop-up store to debut in Liverpool One
Merseyside fashion brand Caramella is taking over a pop-up shop on Peter’s Lane in the heart of Liverpool One for the first time since the brand launched. Caramella was created in 2017 by Mollie-May Cartwright, and is now a fashion brand with over 280,000 followers on Instagram. Specialising in fashion-forward…
Read More » -
26 July
Dyaco UK Ltd appoints SVP of Europe
Dyaco UK, a supplier and manufacturer of commercial gym equipment in the UK and Ireland, has announced the appointment of Jon Johnston as its new senior vice president of Europe. The news marks a transition from Johnston’s nine-month consultation role as UK managing director, which will enable him to further…
Read More » -
26 July
Government delays packaging tax by a year
The Government has revealed that new rules to ensure packaging producers pay for the cost of recycling their packaging will be deferred a year from October 2024 to 2025. The Department for Environment, Food and Rural Affairs said the decision comes amid “extensive engagement with industry”, and in light of…
Read More » -
26 July
THG in talks to buy City A.M.
Online beauty retailer THG is reportedly in advanced talks with London business newspaper, City A.M. to acquire it through a pre-pack administration, according to Sky News. The news comes after it was revealed that City A.M. is on the brink of administration after failed attempts to find a buyer in…
Read More » -
26 July
LVMH revenues up 15% for H1 2023
LVMH, the owner of Moët Hennessy Louis Vuitton, has posted revenues of €42.2bn (£36.2bn) for the first half of 2023, up 15%. The company’s overall organic revenue growth was up 17% compared with the same period in 2022. All of its business groups achieved double-digit organic revenue growth over the…
Read More » -
26 July
H&M sues Shein over copyright infringement
H&M is reportedly suing fast-fashion company Shein for copyright infringement in Hong Kong, according to Bloomberg News. Reports said that H&M first accused Shein of copying dozens of its designs back in 2021. Shein Group Ltd and Zoetop Business Co, a Hong Kong-based entity that previously owned Shein, are among…
Read More » -
26 July
Aldi slashes prices of fruit and vegetable products
Aldi has announced price cuts on fruit and vegetable products in order to help customers during the cost of living crisis. Ten products are included in the price drop, from avocados, red peppers and easy peelers to potatoes and sweetcorn. The move is the latest of hundreds of prices that…
Read More » -
26 July
Boohoo ups stake in Revolution Beauty amid falling shares
Boohoo has increased its holdings in Revolution Beauty from 26.4% to 27.1%, as shares in the online makeup retailer continue to fall. As of Monday (24 July), the share price in the cosmetics giant dropped by more than 7.5%. The group increasing its holdings comes after both companies have been…
Read More »
