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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Nov- 2024 -19 November
Ikea to open Oxford Street pop-up ahead of 2025 flagship launch
Ikea has announced it is set to open a new ‘Hus of FRAKTA’ pop-up on London’s Oxford street on the…
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19 November
Asos CEO receives £300k pay boost despite widening losses
Asos CEO José Antonio Ramos Calamonte received a bumper pay rise of 44% following a £300k bonus despite the fashion…
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19 November
Retailers warn National Insurance increase could cause job losses
A number of large retailers have warned that the National Insurance increase could cause inflation and job losses, in a…
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19 November
Revolution Beauty profits rise to £3.9m despite 20% drop in sales
Revolution Beauty has reported an 18% rise in adjusted EBITDA to £3.9m for the six months ended 31 August 2024,…
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19 November
Morrisons slashes debt by £2.4bn following restructuring
Morrisons has announced a substantial reduction in its debt following a major restructuring process, lowering debt by £2.4bn. In an…
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19 November
Mulberry to ‘rebuild’ business after losses widen and sales plunge 19%
Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as…
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18 November
Gen Z market a ‘massive but time-sensitive opportunity’ for health and fitness brands, UNiDAYS finds
As we approach the new year, health and fitness brands have a compelling and urgent opportunity to engage the notoriously…
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18 November
Today’s news in brief-18/11/24
Sephora is poised for an ambitious UK expansion, planning 20 new stores by 2027, doubling its physical footprint. CEO Guillaume…
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18 November
Aldi launches donation drive ahead of Christmas
Aldi has launched a donation drive ahead of the Christmas period and revealed a list of the most in-demand items…
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18 November
Frasers lines up former FRC boss as chair
Frasers is reportedly lining up former Financial Reporting Council (FRC) boss Sir Jon Thompson to replace David Daly as its…
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