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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Sep- 2023 -21 September
Footasylum opens Oxford Street flagship
Sportswear retailer Footasylum has opened its flagship store at 73-89 Oxford Street in London, as it continues to see strong…
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21 September
Aldi to sponsor nationwide beach cleanup project
Aldi has announced it is backing the Marine Conservation Society’s Beachwatch programme with a £50,000 sponsorship. The supermarket has become…
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21 September
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest…
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21 September
Secret Sales acquires Spanish online fashion retailer Dreivip.com
Secret Sales has announced the acquisition of Dreivip.com – the Spanish discount retailer – for an undisclosed sum. Secret Sales…
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21 September
JD Sports revenues up 8% in H1
JD Sports revenues grew by 8% to £4.7bn in the 26 weeks to 29 July, as gross margins were “robust”…
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21 September
Tesco’s chief customer officer to step down
Tesco has announced that its chief customer officer, Alessandra Bellini, is set to step down from her role at the…
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21 September
DFS profits halve in full-year results
DFS profits have halved in its latest full-year results, falling by 49.2% to £29.7m, down from £58.5m the year before,…
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21 September
Wilko administrators to review £77m dividend payouts
Wilko administrators PwC are reportedly set to question majority shareholder Lisa Wilkinson over payouts of £77m in dividends to investors…
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21 September
Next raises full-year guidance amid improved trading conditions
Next has updated its full-year guidance following an increase in total sales and profit before tax during the first six…
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20 September
Today’s news in brief-20/09/23
Dunelm announced record sales in its full-year results, with revenues rising by 5.5% to £1.64bn. However, profits fell by 7.7%…
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