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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Aug- 2023 -4 August
Mulberry revenues up 4% in FY23 despite UK sales drop
The luxury handbag brand, Mulberry, has revealed that revenues increased 4% to £159.1m for the year ended 1 April, an…
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4 August
Amazon sales and profits climb in Q2
Amazon has welcomed a strong second quarter of trading, with sales rising by 11% to $134.4bn (£105.8bn) in the period,…
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3 August
Wilko set to appoint administrators
Budget household and garden retailer Wilko has announced that it has filed a notice of intention to appoint administrators. The…
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3 August
Tesco becomes first supermarket to offer right to request flexible working
Tesco is granting colleagues new flexible working rights almost a year ahead of an expected change in the law from…
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3 August
BoE raises interest rates to 5.25%
The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25% in a bid to…
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3 August
July footfall drops for the first time since 2009
Footfall across UK retail destinations declined by -0.3% over the month from June to July 2023, marking the first time…
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3 August
Pets at Home revenues jump 7.9% to £436m
Pets at Home has announced that its group revenue rose 7.9% to £436.8m for the 16 weeks ended 20 July…
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3 August
John Lewis to train staff to deal with shoplifting violence
John Lewis is training its retail employees to tackle shoplifters following an increase in reports of the crime. In an…
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3 August
Zalando sees adjusted EBIT rise to €144.8m in Q2
European e-commerce retailer Zalando has reported an 87% surge in adjusted EBIT to €144.8m (£124.6m) during the second quarter of…
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3 August
ScS full-year profits to meet market expectations
ScS has said it expects to report that full year profits will be in line with market expectations, as the…
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