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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Feb- 2025 -20 February
Quiz appoints administrators, 200 jobs lost
Quiz has confirmed it has called in administrators, in a move that will result in the closure of 23 “loss-making or unsustainable” stores amid ongoing trading challenges for the group.According to Sky News, the move will result in the loss of around 200 jobs following the closures. Advisory firm Teneo…
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19 February
Today’s news in brief-19/2/25
Inflation in the UK reached its highest level in 10 months, hitting 3% in January 2025, up from 2.5% in December 2024, according to the Office for National Statistics (ONS). Key drivers included rising air fares, private school fees, and food and drink prices. Air fares did not fall as…
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19 February
ProCook to open new store in Centre:mk
ProCook has announced that it will open a new store in Milton Keynes’ Centre:mk on 21 February. Set to open in Silbury Arcade, the new 2,760 sq ft store will offer an extensive range of cookware, tableware and kitchen accessories. The launch will allow customers to browse the brand’s selection…
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19 February
Inflation hits highest level in 10 months
Inflation hit 3% in January, its highest level in 10 months, as air fairs, new private school fees and the cost of food and drink all rose more than usual for the time of year, according to the latest figures from the Office for National Statistics (ONS). The 3% level…
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19 February
UK retail CEO appointments fall sharply as female leadership halves
UK retail CEO appointments dropped by 20% in 2024 to just 22, continuing a decade-long decline in leadership appointments within the sector, according to a new report by Korn Ferry. The country also saw a halving of the number of female CEOs, with only six being appointed in retail in…
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19 February
Furniturebox returns to profit as FY sales rise 20% to £25m
Furniturebox has reported a profit of £612,288 for the year ended 31 July 2024, as sales in the period rose by 20.6% to £25.6m. News comes after the retailer sustained a £1.03m loss in the previous year due to a £3m investment in its new warehouse headquarters. Turnover in the…
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19 February
Club L London turnover doubles to £44m in 2024
Fashion retailer Club L London is targeting international expansion after turnover doubled to £44.4m during the year ended 31 March 2024. According to newly-filed accounts at Companies House, the company achieved a £29.5m turnover in 2023. The Manchester-headquartered retailer said that the increase in turnover happened despite a backdrop in…
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19 February
Tougher age checks and penalties to be introduced for online knife sales
Online retailers selling knives will need to carry out more stringent age verification checks in response to a government review, amid rising concerns over the standards for age and delivery checks. As part of the new measures, retailers will be required to implement a mandatory two-step verification process and report customers…
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19 February
Landsec given permission to revamp former Debenhams into city square
Landsec has secured planning permission from Cardiff City Council to transform a former Debenhams unit into a 102,000 sq ft city square. The redevelopment, designed in collaboration with over 5,000 local residents, will respond to consumer demand for high-quality leisure experiences, green spaces, and family-friendly environments. Bruce Findlay, managing director…
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18 February
AllSaints opens new store in Birmingham’s Bullring
AllSaints has announced the opening of its first store of 2025 in Birmingham’s Bullring, a shopping and dining destination located in the heart of the city. The new store spans 3,207 sq ft, spread across two floors, and is located on the upper level of the Bullring, in a site…
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