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 -23 May
TJX net sales hits $12.5bn in Q1
TK Maxx owner, TJX, has reported that net sales across the group hit $12.5bn (£9.8bn) during the first quarter ended…
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22 May
General election called for 4 July
Prime minister Rishi Sunak has confirmed that a general election will take place on Thursday 4 July. The prime minister…
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22 May
Mango opens new store in Angel Central
Fashion brand Mango has announced the opening of a new location at Angel Central, the retail and leisure destination located…
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22 May
Inflation falls to 2.3% in April
Inflation has fallen to its lowest level in almost three years to 2.3% in April, down from 3.2% in March,…
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22 May
M&S sees PBT soar to £672.5m
M&S has revealed that its profit-before-tax rose to £672.5m, up from £475.7m, for the year ended 30 March 2024. Alongside…
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22 May
Music Magpie trading in line with expectations amid takeover talks
Music Magpie has announced that its Q2 trading has been broadly in line with management’s expectations and has benefitted from…
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22 May
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes…
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22 May
Superdry announces restructuring measures to avoid administration
Superdry has revealed its capital and restructuring measures to avoid running an emergency four-week sale process. Earlier in April, the…
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22 May
THG shareholder to vote against chair reappointment
An activist investor in THG is reportedly set to vote against the reappointment of chair Charles Allen as it criticised…
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21 May
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths…
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