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 -2 January
Retail lost close to 13,500 stores in 2024, study finds
Nearly 13,500 shops shut for good in 2024, according to data from the Centre for Retail Research. This is a 28.4% increase on the 10,494 which closed in the calendar year of 2023. More than half of all stores closed, 7,537 in total, were closed through retailers undergoing some form…
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2 January
Co-op to open 75 new stores in 2025
Co-op has announced its plans to continue growing its estate with a planned 75 new stores to open throughout 2025 across the UK. The new stores will be a combination of Co-op estate and franchise stores. Up to 25 stores are due to be operated by the retailer as part…
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2 January
Lidl turnover tops £1bn in ‘most successful Christmas yet’
Lidl has welcomed its “most successful Christmas yet” as turnover exceeded £1bn for the first time and sales rose by 7% in the four weeks to 24 December.The group welcomed more than two million more customers through its doors over the period, with 23 December marking its busiest day. It…
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2 January
Quiz losses widen to £4.7m in H1
Quiz has reported an increase in pre-tax losses to £4.7m in the six months to 30 September 2024. The fashion retailer said that its “disappointing” results in part reflect the impact of inflationary pressures on consumer confidence and spending, which has led to an 8% reduction in revenues during the…
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Dec- 2024 -24 December
Ocado customers missing Christmas items amid warehouse malfunction
Hundreds of Ocado orders have been delivered with missing items after a malfunction at one of its Customer Fulfilment Centre’s (CFC). Some customers said their orders were missing chilled and frozen products, with others claiming to be without dozens of items, according to reports from Mail Online. It is understood…
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24 December
The Range to open at three former Homebase stores in January
The Range will be opening the first three of its new-format stores on 17 January 2025, having acquired the Homebase brand and up to 70 of the retailer’s stores in November 2024. Known as The Range Superstore, the three branches will open in Pollokshaws in Glasgow, Christchurch in Bournemouth, and…
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24 December
Aldi to invest over £40m in Scotland over next two years
Aldi is set to invest over £40m into its Scottish store estate over the next two years, with three new sites set to open in 2025.Arbroath, Baillieston and Kirkintilloch stores are set to open next year, while its Carluke, Glenrothes and Stirling stores will undergo a refurbishment. The company said…
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24 December
Footfall rises ahead of Christmas but remains lower than 2023 levels
Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres paving the way, according to MRI Software’s new data. However, levels were still considerably lower than the same week last year. For the week to 22 December, footfall rose by…
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23 December
Today’s news in brief-23/12/24
Fashion retailer Quiz plans to delist from the Alternative Investment Market (AIM) and re-register as a private company following weak sales and financial strain. A shareholder vote, requiring a 75% majority, is scheduled for 8 January 2025, with the transition set for 23 January if approved. The company cited regulatory…
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23 December
Tesco donates 1.9 million meals to charity in November
Tesco donated 1.9 million meals’ worth of long-life food items between 25 November and 30 November collected in all the retailer’s large and Express stores. Every item donated through the Tesco Winter Food Collection provides support for charities FareShare and Trussell in the run up to Christmas. Donations to Trussell…
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