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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Mar- 2024 -14 March
Music Magpie FY23 losses widen
Music Magpie has revealed that pre-tax losses have widened to ยฃ6.8m during the year ended 30 November 2023 from ยฃ1.5m…
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14 March
Retail sees 14 closures a day as 5,000 stores vanish in 2023
High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to…
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14 March
Adidas reports first loss in 30 years after Kanye fallout
Adidas has posted its first loss in more than three decades following the financial blow from abandoning its deal with…
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14 March
John Lewis returns to profit but pays no staff bonus
John Lewis has revealed a pre-tax profit of ยฃ42m before exceptional items for the year ended 27 January 2024, up…
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14 March
Foot Locker appoints new chief human resources officer
Foot Locker has recently announced that Cindy Carlisle has been appointed the new executive vice president and chief human resources…
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13 March
Today’s news in brief-13/3/24
Morrisons reported a loss of ยฃ1.1bn for the year ending October 2023. The increase in debt, mainly due to the…
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13 March
Local business partnership forms in Dorset to quash retail crime
Local businesses in Dorset have united with police and the Bournemouth, Christchurch and Poole Council to tackle antisocial behaviour and…
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13 March
Shoppers help boost UK economy in Jan
UK GDP increased by 0.2% in January, up from a decline of 0.1% in December, as an increase in spending…
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13 March
Zara owner profits surge by 28% in FY23
Zara owner Inditex has welcomed a โvery robustโ FY23 performance, as profit-before-tax surged 28.2% to โฌ6.9bn (ยฃ5.9bn) while sales rose…
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13 March
Matches CEO and CFO depart amid administration
Matches CEO Nick Beighton and CFO Dave Murray have departed the retailer after its collapse into administration last week, Drapers…
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