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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Mar- 2025 -28 March
Clothing and household goods help boost retail sales 1% in Feb
Retail sales rose by 1% in February, thanks to a strong performance in non-food stores such as clothing, household goods…
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28 March
Decathlon appoints new CEO
Decathlon has announced the appointment of Javier López as the new chief executive officer. With 26 years of experience at…
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28 March
Asda unveils £80m investment into retail pay
Asda has announced an £80m investment in retail pay to increase hourly rates for store-based colleagues to £12.60 from October.…
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28 March
WHSmith agrees sale of high street arm to Modella Capital in £76m deal
Modella Capital has announced that it has acquired the UK high street operations of WHSmith, business based on an enterprise…
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27 March
Today’s news in brief-27/3/25
Next has reported record pre-tax profits of £1bn for the year to January 2025, marking a 10.1% increase, and has…
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27 March
H&M Q1 profits drop amid ‘external market pressures’
H&M has seen its operating profit drop 42% to SEK 1.2bn (£95m) for the three months ended 28 February 2025,…
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27 March
Foot Locker appoints new president
Foot Locker has announced that Franklin R. Bracken, currently executive vice president and chief commercial officer, has been appointed to…
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27 March
Next raises outlook as FY profits top record £1bn
Next has reported that pre-tax profits have risen by 10.1% to £1bn for the first time in its history, with…
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27 March
Lakeland becomes latest bid target for Modella Capital
Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed. The…
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27 March
Campaign urges Next, M&S and JD Sports to pay real living wage
The likes of Axa and Scottish Widows are backing campaign group ShareAction in its effort to make major high street…
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