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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Apr- 2024 -11 April
Pepco LFL sales dip 2.5% in H1 amid tough comparatives
Poundland owner Pepco Group has reported that group revenues on a constant currency basis rose by 11.1% to £2.73bn (€3.2bn),…
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11 April
Uniqlo revenues jump 9% in H1
Uniqlo’s revenue has seen a 9% increase to 1.59 trillion yen (£8.26bn) in the first half of fiscal 2024 that…
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11 April
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been…
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11 April
Ted Baker US licence partner eyes UK arm
Ted Baker’s American licensing partner OSL has reportedly emerged as the frontrunner to take over the brand’s collapsed UK operation,…
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10 April
Asda launches online prescription service with Pharmacy2U
Asda has recently announced the launch of an online prescription service in partnership with Pharmacy2U, the largest NHS approved online…
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10 April
Ocado secures funding to boost delivery capabilities
Ocado has secured a multi-million-pound funding package from Shawbrook to acquire 43 new refrigerated vans, strengthening its delivery capabilities across…
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10 April
Assault of retail staff to be made specific criminal offence
The Government has announced that assaulting a retail worker will be made a standalone criminal offence and serial or abusive…
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10 April
THG losses narrow as boss hails improved Q4 revenues
LookFantastic and MyProtein owner, THG, has reported that its losses before tax have narrowed to £252m during the year ending…
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10 April
Next and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes…
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10 April
Tesco profits soar in FY results as inflation eases
Tesco has seen pre-tax profits soar by 159.5% to £2.3bn in its full-year results, up from £882m the prior year,…
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