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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Nov- 2024 -7 November
Aesop to open at Victoria Leeds in January 2025
Australian-born luxury skin care brand Aesop is set to unveil its first store at Redical’s Victoria Leeds in January 2025.…
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7 November
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The…
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7 November
Asda to cut 475 head office roles and reduce hybrid working
Asda has confirmed that it is set to cut 475 jobs from its head offices in Leeds and Leicestershire, whilst…
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7 November
Mamas and Papas sales hit ‘record’ £154m in FY24
Mamas and Papas has reported record sales of £154.3m, up 7.1%, for the 12 months to 31st March 2024. Sales…
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7 November
Sainsbury’s maintains outlook as H1 profits rise by 4.7%
Sainsbury’s has reported that profit before tax rose by 4.7% to £356m in its half-year results, with underlying operating profit…
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7 November
Pandora delivers 11% organic growth in Q3
Pandora has welcomed organic growth of 11% in its third quarter, as like-for-like sales grew by 7% to 6.1bn DKK…
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6 November
Today’s news in brief-6/11/24
Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28…
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6 November
Salomon debuts in UK with two London stores
Mountain sports lifestyle brand Salomon is debuting in the UK with the launch of two new London stores. The first…
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6 November
Hugo Boss sales remain flat in Q3
Hugo Boss reported flat sales to €1.02bn (£833m) in Q3 2024 despite ongoing macroeconomic and geopolitical uncertainties. In light of…
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6 November
Zalando Q3 revenues rise 5% to £2bn
Zalando has reported that revenues rose 5% to €2.4bn (£2bn), with adjusted EBIT climbing from €23m (£19.1m) to €93m (£77.5m)…
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