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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Sep- 2024 -18 September
Inflation holds steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…
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18 September
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27…
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18 September
Waitrose invests £10m in latest round of price cuts
Waitrose has invested a further £10m to lower prices across nearly 250 of its No.1 and Duchy Organic products, in…
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17 September
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s…
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17 September
Cribbs Mall secures three new retailers
Cribbs Mall has secured lettings with three retailers who will take a combined 2,340 sq ft of space at the…
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17 September
Søstrene Grene hails ‘most successful financial year on record’
Søstrene Grene said it is celebrating its “most successful financial year on record” as its profit-before-tax increased 15% to £24m,…
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17 September
Kingfisher HY profits improve despite weak sales
B&Q owner Kingfisher has revealed that its statutory pre-tax profits rose 2.3% to £324m for the six months ended 31…
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17 September
THG looks to demerge Ingenuity arm
THG has announced that it is “actively undertaking” work that could lead to the demerger of its technology arm, THG…
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17 September
AllSaints FY operating profit jumps 40% to £39.9m
AllSaints has reported a “record performance” as its operating profit rose 40% to £39.9m for the year ended 3 February…
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17 September
Pret A Manger FY global sales hit £1.1bn for first time
Pret A Manger has reported a 10% increase in first-half sales to £569m, whilst also revealing that global sales hit…
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