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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Jan- 2025 -13 January
Perfume Shop launches new app to boost store experience
The Perfume Shop has implemented the first phase of its new Store+ app initiative designed to enhance the customer’s shopping experience and aims to “make it easier for them when it comes to making an informed perfume purchase”. Store+ has been launched in response to The Perfume Shop’s customer and…
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13 January
Majestic hails successful festive sales performance
Majestic has reported a 1.9% rise in total sales during the six-week period to 30 December 2024, beating its previous record for Christmas sales set a year prior. The wine retailer’s performance was boosted by the opening of seven new stores during 2024 and the “strong” growth of its specialist…
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13 January
Boots sales rise 8.1% in Q1
Boots has delivered a “strong” first quarter with total comparable retail sales up 8.1% YoY for the three months ended 30 November 2024. The UK’s leading health and beauty retailer saw growth across all categories and channels, on top of a “significant increase” in the prior year. Boots’ digital sales…
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13 January
Sainsbury’s boss criticises speed of Labour tax changes
Sainsbury’s CEO, Simon Roberts, has told the Telegraph that the chancellor gave businesses no time to plan for her £25bn tax changes. He said that the decision to increase employer National Insurance from April was “not something anyone expected – certainly, it wasn’t expected at the speed it was coming…
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13 January
Poundland invests in security enhancements
Poundland has announced that it has invested “significantly” in its shop floor security as part of its Against Retail Crime initiative. Part of this investment will equip its 800-plus store estate with anti-theft innovation to deter shoplifting including communication headsets for staff. It will also be giving its contracted security…
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13 January
Asda axes regional manager roles in latest restructuring
Asda’s new chairman, Allan Leighton, has reportedly told staff that multiple regional manager roles will be axed in a bid to overhaul the business, after the group suffered poor sales over the Christmas period. According to The Telegraph, 13 regional manager roles will be cut as part of the restructuring…
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10 January
Today’s news in brief-10/1/25
Shein is reportedly planning a London IPO by mid-2025, with Easter 20 April as a possible completion date if regulatory approval is secured. Rachel Reeves, UK Shadow Chancellor, is visiting China for economic talks, accompanied by Britain’s Financial Conduct Authority head, potentially advancing Shein’s IPO progress. Meanwhile, scrutiny from MPs…
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10 January
Silverburn shopping destination reaches ‘record-breaking’ footfall in 2024
Silverburn, Glasgow’s leading retail and leisure destination, has announced a “record-breaking year”, welcoming 15.2 million visitors in 2024, marking a 2.4% increase in foot traffic in December alone. This growth comes as Silverburn confirms the signing of several new retail and leisure brands, set to occupy over 100,000 sq. ft.…
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10 January
Uniqlo’s owner revenues rise 10% to £4.6bn in Q1
Fast Retailing, the owner of Uniqlo, has reported a 10.4% revenue increase to 895.1bn yen (£4.6bn) during the three months ended on 30 November 2024. The group, which also owns the GU brand, saw a 21% increase in pre-tax profits to 196.6bn yen (£1bn) during the period. Meanwhile, operating profit…
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10 January
Future Stores appoints its first sales director
Future Stores has announced the appointment of Oliver Murray as its first sales director. Murray has over 20 years of experience in commercial sales and is hailed as a “retailtainment” champion. He previously worked as a partnership director at Darabase, an immersive experience specialist, and prior to that he was…
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