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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Jul- 2023 -13 July
MusicMagpie sees EBITDA rise 7.7% in H1
MusicMagpie has reported adjusted EBITDA of £2.8m, up 7.7% in H1 2023 compared with £2.6m in H1 2022, according to…
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13 July
Watches of Switzerland profits jump 23% to £155m
Watches of Switzerland has posted a 23% increase in profits to £126m, up to £155m, for the year ended 30…
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13 July
Co-op appoints Debbie White as new chair
Co-op has appointed Debbie White as its new designated chair, to be effective when Allan Leighton steps down from the…
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13 July
UK economy shrinks in May
The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the…
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13 July
Uniqlo owner on track to deliver 25% rise in Q3 profits
Fast Retailing, the parent company of Uniqlo, expects to deliver an increase of 25% in profits in the third quarter,…
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13 July
Poundland owner reports positive growth of 12.5% in Q3
Pepco Group, the owner of Poundland, has reported that third quarter revenues hit €1.37bn (£1.17bn), up by 12.5% year-on-year, with…
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12 July
Hotter Shoes seeks funding to avoid administration
Clothing company Unbound Group, the owner of Hotter Shoes, is reportedly looking to secure £2m in emergency funding in an…
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12 July
Superdrug profits soar 71% in 2022
Superdrug has revealed that pre-tax profit soared by 71.7% to £77.8m in 2022, against the prior year’s £45.3m, as online…
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12 July
June footfall sees highest increase since 2009
High inflation and rising interest rates did not impact consumer activity across UK retail destinations last month, according to Springboard,…
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12 July
Morrisons to stock Savers products in 500 convenience stores
Morrisons has begun to stock a range of its entry-level Savers products in over 500 convenience stores across the UK. …
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