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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Dec- 2021 -9 December
Dr Martens profits hit £61.3m in half-year results
Dr Martens has reported pre-tax profits soared by 46% to £61.3m in the six-month period ending 30 September. Revenue also…
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9 December
IKEA exceeds Living Wage rates amid pay rise
IKEA has exceeded the new real Living Wage rates in its latest pay increase, which sees staff wages rise to…
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9 December
Moonpig revenue dips in H1
Moonpig has revealed that year-on year revenue fell by 8.5% to £142.6m in the half-year ended 31 October, despite reporting…
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9 December
Frasers Group profits soar 75% in H1
Frasers Group has seen its pre-tax profit rocket 75% to £186m in its latest half-year results, largely driven by a…
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8 December
Quiz swings to £1.3m loss in H1
Quiz has reported a pre-tax loss of £1.3m for the six-month period ending 30 September 2021. Despite the loss, group…
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8 December
Tesco reopens talks with Usdaw amid planned worker strikes
Tesco has reopened further talks with Usdaw after members in nine distribution sites voted in favour of industrial action over…
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8 December
McColl’s FY profit to be hit by supply chain issues
McColl’s has warned that profits could be between £20m and £22m in the full-year ended 28 November 2021, down from…
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8 December
JYSK welcomes ‘record’ FY21 profits in UK&I
Danish furniture and home furnishings brand JYSK has announced record results in the UK Ireland during the financial year 2020/2021,…
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8 December
Fortnum and Mason appoints new chief operating and innovation officer
Fortnum and Mason has appointed Iain Robertson to the newly created role of chief operating and innovation officer. Robertson will…
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7 December
Harrods strike averted after pay rise victory
Planned strike action at Harrods has been averted after the luxury department chain offered its restaurant staff a pay rise…
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