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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Sep- 2024 -19 September
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…
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19 September
Next acquires 16% stake in homeware brand Rockett St George
Next has acquired a 16% stake in homeware brand Rockett St George, further furthering the partnership following the licensing agreement…
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19 September
Co-op rolls out 24-hr delivery service for city centre customers
Co-op has unveiled a 24-hour delivery service for customers living near city centre stores as the supermarket responds to growing…
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19 September
Next ups guidance again as it closes in on £1bn profit
Next has announced that it has upped its full-year profit guidance by £15m, up to £995m, as it closes in…
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19 September
Hammerson sells stake in Bicester Village for £1.5bn
Property firm Hammerson has announced that it has sold off its stake in Bicester Village for £1.5bn to Silver Bidco,…
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19 September
Stuart Rose to lead Asda as Mohsin Issa steps back
Asda has announced that Mohsin Issa is set to step down from his executive responsibilities at the supermarket to focus…
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19 September
Ocado ups FY guidance as Q3 sales rise 15%
Ocado has hiked its full-year guidance after a period of strong growth and trading in Q3, boosted by a rise…
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18 September
Today’s news in brief-18/9/24
UK inflation held steady at 2.2% in August, unchanged from July and slightly above the Bank of England’s 2% target.…
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18 September
Sephora opens new store in Eldon Square
Global beauty retailer Sephora has announced the opening of its new store in Eldon Square shopping centre, Newcastle. Sephora has…
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18 September
UK Till sales slow to 4% this month, NIQ finds
Total Till sales growth at UK supermarkets slowed to 4% in the four weeks ending 7 September, down from 5.5%…
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