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- 2023 -10 March
UK GDP grows by 0.3% in January
Monthly gross domestic product (GDP) is estimated to have increased by a narrow 0.3% in January, with a faster recovery…
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10 March
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said…
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10 March
Boohoo narrowly approves new growth plan
Boohoo has experienced pushback from shareholders over its plans to award executives £175m if its share price improves, despite the…
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10 March
Prada reports profits rise 21% to €4.2bn for FY22
Prada Group has reported that its 2022 revenues increased to €4.2bn (£3.7bn), marking a 21.3% rise over 2021, according to…
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10 March
Mango welcomes record turnover of €2.7bn in FY22
Mango has welcomed record sales in 2022, with turnover reaching €2.7bn (£2.4bn), the highest in the company’s history and 20.3%…
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10 March
Tesco sounds out John Allan replacements
Tesco has reportedly begun sounding out potential replacements for its long-time chairman John Allan, according to Sky News. City sources…
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9 March
Hugo Boss welcomes record sales in FY22
Hugo Boss sales increased 27% to a new record of €3.7bn (£3.2bn), according to the latest 2022 report released today. …
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9 March
Adidas profits fall 1% to £9.45bn amid Yeezy split
Adidas has reported that its FY gross profit declined 1% to £9.45bn, down from the £9.54bn it made in 2021,…
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9 March
Morrisons posts £1.5bn loss after CD&R acquisition
Morrisons has posted losses of £1.5bn one year after being acquired by US private equity firm Clayton, Dubilier and Rice,…
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9 March
Puma appoints GM of BU Sportstyle
Puma has announced the appointment of Lionel Telega as the group’s new general manager of the Business Unit Sportstyle, its…
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