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 -3 August
Next ups guidance by £10m following strong Q2
Next has raised its full-year outlook following a strong second quarter of trading, with profit before tax now expected to…
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2 August
Asda to display daily fuel prices online
Asda has today (2 August) become the first UK supermarket to publish local fuel prices online, allowing motorists to check…
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2 August
Co-op announces £70m investment to lower product prices
Co-op has announced its biggest ever single investment in pricing of £70m, as it extends its member-only pricing across everyday…
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2 August
Sales growth of 62% is in the bag for colourful backpack firm ROKA London
* Revenue shot up from £3.72 million in 2021 to £6 million in 2022 and it is expected to exceed …
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2 August
VF Corp revenues drop to $2.1bn in Q1 FY24
American apparel and footwear company VF Corp has revealed that its revenues declined 8% to $2.1bn (£1.5bn) for the first…
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2 August
Dr Martens shares rise after Sparta Capital builds stake
Dr Martens saw its share price boosted at the start of this week (31 July) after it was targeted by…
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2 August
Hugo Boss raises guidance amid strong Q2 sales
Hugo Boss has raised its full-year guidance after a 20% increase in group sales to €1.02bn (£880m) during the second…
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2 August
Scamp and Dude to open stores in Edinburgh and London
The independent fashion brand, Scamp and Dude, has announced its expansion with two new stores in Edinburgh’s St James Quarter…
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2 August
Farfetch appoints new CFO
Farfetch, the leading global platform for the luxury fashion industry, has announced the appointment of Tim Stone as chief financial…
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2 August
Co-op boss hits back at profiteering claims amid rise in shoplifting
Co-op Food boss Matt Wood has “lashed out” at supermarket profiteering claims amid a surge in crime at the group’s…
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