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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Oct- 2023 -13 October
Ikea sees sales jump 6% to €47.6bn
Ikea has posted sales of €47.6bn (£41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite…
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13 October
Sainsbury’s to create 22,000 seasonal roles
Sainsbury’s is creating 22,000 additional seasonal roles ahead of Christmas trading, including 2,000 new roles at Argos. The supermarket said…
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13 October
Dunelm green targets approved by SBTi
Dunelm has announced that its greenhouse gas emissions targets have been approved by the Science Based Targets initiative (SBTi). Dunelm…
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13 October
Miniso opens new flagship store on Oxford Street
Globally recognised lifestyle retailer Miniso has signed a five-year lease for its new flagship store on Oxford Street. The retailer…
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12 October
Today’s news in brief-12/10/23
Next is reportedly in the final stages of acquiring clothing brand FatFace in a deal worth over £100 million. This…
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12 October
Uniqlo owner revenues rise 20.2% in FY23
Uniqlo’s parent company, Fast Retailing, has revealed a 20.2% rise in year-on-year revenues to ¥2.7tn (£15bn) for the year ended…
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12 October
Arc’teryx to open new Covent Garden flagship
Shaftesbury Capital has announced that Arc’teryx, the Canadian high performance outdoor apparel and accessories brand, will be significantly upsizing to…
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12 October
Hotel Chocolat revenues fall 10% in FY23
Hotel Chocolat has reported that revenue fell by 10% to £204.5m in the year ended 2 July, due to lower…
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12 October
Poundland owner revenues hit €5.6bn in FY23
Pepco Group, owner of Poundland in the UK and Dealz brands in Europe, reported a 17.7% revenue increase to €5.6bn…
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12 October
UK economy improves slightly in August
The UK economy is estimated to have grown by 0.2% in August 2023, following a fall of 0.6% in July…
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