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
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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20 September
Ofgem urged to act on rates as consultation into broker fees ends
Ofgem has been urged to act on “out of contract” rates by Box Power, the same social enterprise which helped…
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20 September
Poundland launches rebranded website
Poundland has today (20 September) relaunched its website, which now includes a range of around 3,000 items for home delivery. …
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20 September
Poeticgem Group acquires Little Mistress
The Poeticgem Group has reportedly acquired the brand IP of womenswear brand Little Mistress, according to Drapers. Under the agreement…
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20 September
Naked Wines swings to £15m loss in FY23
Naked Wines chairman Richard Gormley has issued an apology to shareholders after it reported a loss of £15m in 2023,…
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20 September
Inflation ‘unexpectedly’ falls to 6.7%
The headline rate of inflation has fallen by 0.1% to 6.7% in August, according to the latest data from the…
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20 September
Dunelm welcomes record sales of £1.64bn in FY23
Dunelm has welcomed record sales in its full-year results, with revenues up by 5.5% to £1.64bn, despite profits falling over…
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