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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Jan- 2025 -7 January
B&Q acquires five Homebase UK stores for £2.5m
B&Q has announced that it has reached an agreement to acquire five leasehold stores in the UK, currently trading as…
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7 January
Next raises profit guidance as festive sales beat expectations
Next has revealed that it has raised its full-year pre-tax profit guidance by £5m up to £1.01bn after a better…
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7 January
Quiz lender hires advisors ahead of delisting vote
Quiz’s principal lender has reportedly drafted in advisors to help the company explore restructuring options amid a “growing crisis” at…
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6 January
Today’s news in brief-6/1/25
Fast-fashion retailer Shein is set to face scrutiny from a Parliamentary Committee over labour practices in its supply chain. The…
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6 January
The O2 welcomes over 10 million visitors in ‘best-ever’ trading year
Live entertainment, leisure, and retail destination the O2 has recorded its best-ever year for sales and footfall, welcoming over 10…
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6 January
Evri reports best-ever Christmas and peak trading
Evri delivered record parcel volumes over its peak festive period, including its best-ever week following Black Friday, it has revealed.…
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6 January
Waterstones plans dozens of new bookshops in 2025
Waterstones chief executive James Daunt plans to open dozens of new bookshops this year, according to the FT. Daunt, who…
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6 January
Aldi sales hit £1.6bn in ‘best Christmas ever’
Aldi recorded its best Christmas ever in 2024 with sales topping £1.6bn in the four weeks to Christmas Eve.Over the…
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6 January
New Look to speed up planned closures ahead of tax changes
New Look is reportedly set to permanently shutter roughly a quarter of its 364 stores when leases expire, putting some…
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6 January
LDO sees sales surge amid boost in visitors
London Designer Outlet (LDO) has revealed its sales grew by 5% to over £103m in 2024. The designer outlet, located…
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