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 -4 February
B&Q expands Deliveroo trial to five more London stores
B&Q has announced the expansion of its trial with Deliveroo, which means it now includes five of its larger London stores that offer more than 9,500 products for on-demand delivery. News comes after the service was initially announced from its high street B&Q Local stores in August 2024. The DIY…
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3 February
M&S launches young designer competition with YoungMinds
M&S has announced a competition in collaboration with YoungMinds for young people to create a winning design for this year’s M&S and YoungMinds Hello Yellow kidswear collection. Every year for Hello Yellow, which marks World Mental Health Day on 10th October, YoungMinds calls on teachers, pupils, parents and colleagues to…
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3 February
N Brown appoints Clare Empson as chief customer operations officer
N Brown Group has revealed Clare Empson has been promoted to the newly created role of chief customer operations officer. Empson joined N Brown in January 2024 as director of supply chain and is expanding her remit to lead the customer operations domain. The newly created role of chief customer…
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3 February
Emma Bridgewater posts pre-tax losses of £4.1m
Stoke-on-Trent based pottery company Emma Bridgewater has reported a pre-tax loss of £4.1m for the 12 months to 27 April 2024. The group’s turnover also decreased by 16% to £31.6m (2023: £37.8m), primarily driven by reduced sales across e-commerce and wholesale channels, partially offset by growth in physical retail store…
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3 February
Iceland boss criticises chancellor over farmer inheritance tax
The managing director of Iceland has criticised the chancellor’s inheritance tax raid on farmers, despite the Labour-backing boss previously voicing his support of the new budget.Richard Walker said that Rachel Reeves should prioritise online sales tax reform instead of targeting farmers with higher death duties, according to The Telegraph. He…
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3 February
Trouva halts trading as it explores sale of business
Online marketplace Trouva has halted trading while it explores the possibility of selling the business, Sky News has reported. According to Sky, the owner of Trouva Project J is now working with accountancy firm RSM to find a buyer. This would be the fourth sale for the business in less…
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3 February
Burberry appoints new chief information officer
Luxury fashion retailer Burberry has announced the appointment of Charlotte Baldwin as its new chief information officer, who is due to join at the end of March. Baldwin, who will be responsible for leading Burberry’s global technology team, will also join the executive committee and will report to group chief…
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Jan- 2025 -31 January
Today’s news in brief-31/1/25
Homebase, the DIY retailer that collapsed into administration in November 2024, owes more than £650m to unsecured creditors, including suppliers AO World, Halfords, and The Hut. Administrator Teneo reported total unsecured claims of £657m, with £100m owed to trade creditors. Major debts include £2.9m to Close Brothers for till systems,…
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31 January
Gloucester Quays sees 7.4% sales uptick in FY24
Gloucester Quays has announced a “record” Christmas trading with sales a 7.4% sales increase in FY24, 6.7% ahead of the national average. With Black Friday falling on November payday in 2024, and some retailer offers in advance of that date, the Christmas period proved successful for Gloucester Quays’ tenants. Across…
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31 January
Mango appoints Toni Ruiz as chairman
The board of directors of Mango’s parent company, Punto Fa S.L., has approved the appointment of Toni Ruiz, the company’s current CEO, as chairman of the board. Since Ruiz joined the company in 2015, Mango has embarked on “unprecedented growth” and bolstered its financial stability, with a record turnover in…
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