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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Jul- 2024 -17 July
Inflation holds steady in June despite rise in hotel prices
Inflation remained steady at 2% in June despite a strong rise in hotel prices during the month, according to the…
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17 July
The Perfume Shop profits fall despite rise in revenues
The Perfume Shop has reported a fall in profits from £23.7m to £21.4m despite a 4.6% rise in revenues to…
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17 July
Adidas raises FY guidance following ‘better-than expected’ trading
Adidas has raised its full-year guidance following “better-than-expected” performance during the second quarter of the year. Preliminary results show that…
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17 July
Mike Jatania enters exclusivity with Body Shop over rescue deal
Businessman Mike Jatania’s consortium, Auréa Group, has officially entered into an exclusivity agreement with the administrators of The Body Shop,…
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16 July
Today’s news in brief-16/7/24
Ocado Group reported a significant improvement in financial performance for the first half of the fiscal year ending 2 June…
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16 July
Pangaia opens first UK store in Carnaby Street
Lifestyle apparel brand Pangaia has opened its first UK standalone store at 57 Carnaby Street. The environmentally focused retailer has…
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16 July
Ocado HY losses narrow to £154m
Ocado has revealed that its losses narrowed to £154m for the half year ended 2 June 2024, down from £290m…
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16 July
Sosandar revenues rise to £46.3m in FY24
Sosandar’s revenue rose by 9% to £46.3m in the financial year ended 31 March, as the company prioritised margin enhancement…
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16 July
B&M revenues rise 2.4% in Q1 as new stores overperform
Value retailer B&M has reported that group revenues rose 2.4% during the first quarter to 29 June, due to its…
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16 July
Tala secures £5m investment to fund international expansion
Activewear brand Tala, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has secured £5m of investment as…
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