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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Nov- 2024 -5 November
Primark profits rise by 51% to £1.1bn in FY24
Primark has seen its operating profits soar by 51% to £1.1bn in the year ended 14 September 2024, as the…
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5 November
Retail sales see weak growth in October amid pre-budget uncertainty
Total retail sales in the UK nudged up by only 0.6% in October, compared with a growth of 2.6% in…
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5 November
John Lewis partners with Klarna for BNPL offer
John Lewis has partnered with Klarna to offer online customers the choice to check out with its interest-free ‘Pay in…
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5 November
Asos FY losses widen to £379m despite turnaround progress
Asos has seen full-year losses plunge to £379.3m, widening from its previous loss of £296.7m, as it focused on “setting…
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4 November
Today’s news in brief-4/11/24
Asda co-owner Mohsin Issa and partner Victoria Price have taken a substantial stake in the Manchester-based secondhand clothing platform GoThrift…
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4 November
SportsShoes outdoor product sales rise 13% in 2024
SportsShoes has achieved a 13% year-on-year increase in outdoor product sales across its UK and international websites for the first…
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4 November
Schuh profits rise by 56.8% to £21m in FY results
Schuh has reported that pre-tax profits rose by 56.8% to £21m in the year ended 3 February 2024, as sales…
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4 November
Mike Ashley dubs Boohoo ‘desperate’ after CEO snub
Mike Ashley has called Boohoo’s decision to appoint a CEO from within “desperate”, after the fast-fashion retailer rejected Frasers’ demands…
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4 November
Sainsbury’s becomes first grocer to match Aldi prices in convenience stores
Sainsbury’s has announced that it has extended its Aldi price match scheme into its convenience stores, becoming the first supermarket…
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4 November
Mohsin Issa backs GoThrift through new start-up investment fund
Asda co-owner Mohsin Issa, and his partner Victoria Price, have reportedly taken a significant stake in Manchester-based secondhand clothing website,…
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