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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Jun- 2024 -5 June
The Estée Lauder Companies completes acquisition of Deciem
The Estée Lauder Companies (ELC) has announced it has completed its acquisition of the Canadian-based, multi-brand company Deciem Beauty Group…
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5 June
WH Smith maintains FY guidance amid rising travel sales
WH Smith has reported being in line with its expectations for the full year and claimed it is “well positioned”…
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5 June
B&M posts profits of £498m
B&M has revealed that its statutory profit-before-tax rose 14% to £498m, up from £436m, for the year ended 30 March…
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5 June
Asda appoints Lidl COO to lead store operations
Asda has appointed Matt Heslop to lead its stores and depots operation, including the 470 convenience stores in its newly-established…
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5 June
Zara owner Inditex sees sales rise to €8.2bn in Q1
Zara owner Inditex has reported a 7.1% increase in sales to €8.2bn (£6.98bn) in the first quarter of 2024. The…
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4 June
Today’s news in brief-4/6/24
UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average…
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4 June
Co-op unveils new partnership with Bonmarché
Co-op and Bonmarché have unveiled a new partnership as value fashion outlet launches inside Co-op’s new-look Louth store. Louth’s Co-op,…
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4 June
Asda trials generative AI with Harley partnership
Harley, a London-based company developing a real-time Generative AI (GenAI) platform for data-driven decision-making, revealed it has trialled a successful…
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4 June
WIT Fitness to relaunch with founders amid Frasers partnership
WIT Fitness is set to relaunch with its original founders, having been acquired by Frasers Group in January 2024.Following the…
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4 June
Retailers reportedly scramble for Xmas stock amid surge in shipping costs
European retailers are reportedly scrambling to get their Christmas orders early amid higher shipping costs and trade route disruptions that…
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