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 -9 January
Boohoo urges vote against Frasers’ motion to remove founder
Boohoo has published a new letter urging shareholders to vote against an upcoming motion to remove Mahmud Kamani as director, following a demand by Frasers to oust the founder.In a new update, Boohoo said its board formed an independent committee composed of all directors other than Kamani to consider the…
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9 January
BRC warns of 2025 headwinds despite lower Xmas inflation
Consumers benefited from lower inflation for the week to 7 December 2024, according to the latest BRC-Nielsen IQ Shop Price Index, yet the British Retail Consortium anticipates fresh headwinds for the new year. The later timing of Black Friday in 2024 meant that the first week of December included the…
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9 January
Tesco celebrates ‘biggest ever’ Christmas
Tesco has seen its “biggest ever” Christmas as it saw its like-for-like sales rise 2.8% in the 13 weeks ended 23 November 2024. Alongside this, the supermarket saw its like-for-like sales rise 3.8% in the six weeks ended 4 January 2025, with UK sales up 4.1% across the festive period.…
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9 January
Quiz shareholders approve AIM delisting
Quiz has announced that its shareholders have approved the delisting of the retailer from AIM and its return to private ownership. In an official announcement, Quiz shared that 98.6% of shareholders backed the resolutions. Following the approval, the retailer will cease trading on AIM at 7:00 a.m on 23 January…
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9 January
M&S celebrates bumper Xmas as sales top £4bn
M&S has reported a successful Christmas trading update as its total group sales increased by 5.6% to £4bn in the 13 weeks to 28 December 2024. The group’s food sales increased 8.7%, with LFL sales up 8.9%. Core categories, such as meat, produce, grocery and in-store bakery grew double-digits as…
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8 January
Today’s news in brief-8/1/25
Home Bargains owner Tom Morris took home over £1bn in dividends as the discount retailer saw turnover rise 11.7% to £4.2bn in the year ending June 2024, driven by new store openings and re-sites. Operating profit also surged 34.2% to £434m. Morris, owning 98% of parent company TJ Morris, received…
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8 January
Seasalt Cornwall sales jump by 10% over Xmas season
Seasalt Cornwall has reported that total sales rose by 10% across its website, physical stores, marketplace partners and wholesale channels during the five-week period to 28 December 2024 compared with the same period last year. According to the clothing retailer, every one of its trading channels has set new records…
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8 January
Carhartt WIP, Ronning and Blackhorse Lane Ateliers open shops in Soho
Lifestyle apparel brand Carhartt WIP, fashion retailer Ronning and craft jean maker Blackhorse Lane Ateliers have all opened new stores in Soho, London. Carhartt WIP has launched its new 4,000 sq ft flagship, relocating from 72-74 Brewer Street into a larger unit in the same street at 33-35. The store…
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8 January
John Lewis Partnership chief customer officer steps down
John Lewis Partnership’s (JLP) chief customer officer Charlotte Lock is to step down from her role after three years. Lock, who joined JLP back in March 2022 from the Co-op where she was director of Data, Loyalty and Digital Products, is said to be stepping down in order to pursue…
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8 January
Mamas and Papas to open more stores after ‘record’ festive sales
High street nursery brand, Mamas and Papas, has seen its sales across stores, online and wholesale channels rise by a “record” 5% over the 13-week period to 29 December, driven by a strong performance from the retailer’s UK and overseas markets. Retail sales were up by 8% in the overall…
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