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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Aug- 2024 -9 August
Under Armour swings to $300m loss amid decline in revenues
Under Armour has reported an operating loss of $300m (£235.0m) for the three months ended 30 June 2024, as its…
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9 August
Asda revenues fall 2.2% in Q2
Asda has revealed that its total revenues fell 2.2% excluding fuel, to £5.3bn for the three months ended 30 June…
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9 August
Mountain Warehouse FY sales hit ‘record’ £386m amid new openings
Mountain Warehouse has revealed that store sales rose 7.1% to a “record” £386m in the year to 25 February, owing…
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8 August
Today’s news in brief-8/8/24
Deliveroo has reported a return to profit in the first half of the year, with earnings reaching £1.3m, a significant…
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8 August
Ocado Retail launches reusable packaging pilot with Refill Coalition
Ocado Retail has become the first major supermarket to pilot a new reusable packaging scheme in partnership with the Refill…
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8 August
Go Outdoors to open biggest store in Europe
Go Outdoors has announced that it is set to open the largest outdoor store in Europe at the Vangarde Shopping…
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8 August
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from…
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8 August
Co-op extends 30-year partnership with Wincanton
Co-op has announced a five-year contract extension with logistics provider Wincanton, building on over three decades of successful collaboration between…
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8 August
Hunter Price International acquires BargainMax
Hunter Price International, a supplier of impactful consumer products for many high street retailers, has announced the acquisition of online…
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8 August
Asos secures three-year Microsoft deal to expand AI use
Online fashion retailer Asos has signed a new three-year agreement with Microsoft in a bid to enhance its operations, efficiency…
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