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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May- 2024 -30 May
Clarks falls to £40m loss
Clarks has revealed that it posted a loss of £39.8m for the year ended 31 December 2023, down from a…
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30 May
Dr Martens to cut £25m in costs as full-year profits plummet
Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months…
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30 May
M&S appoints new CFO
M&S has announced the appointment of Alison Dolan as its new incoming chief financial officer. Dolan will take over from…
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30 May
Abercrombie and Fitch Q1 sales surge to $1bn
Abercombie and Fitch has reported a 22% increase in net sales to $1bn (£787.3m) for the first quarter ended 4…
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30 May
Asda launches £50m store upgrade programme
Asda has announced the launch of a £50m store upgrade program, which aims to improve the design and shopping experience…
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29 May
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey.…
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29 May
Poundland introduces new £3 meal deal
Poundland has today (28 May) launched its brand new £3 meal deal with sandwiches, salads and snacks. The new ranges…
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29 May
M&S to invest £30m in London store portfolio
M&S has announced plans to invest over £30m in new and renewed stores across London this financial year, which is…
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29 May
Retail sales recover as inflation slows, CBI finds
Retail sales grew at their fastest pace since December 2022 in the year to May, as sales volumes jumped 8%…
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29 May
Ocado to be relegated from FTSE 100 as stocks fall
Ocado could face relegation from the FTSE 100 after its share price collapsed, amid reports the company is considering moving…
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