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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Nov- 2024 -27 November
Around 92% supermarket loyalty schemes offer ‘genuine’ savings, CMA finds
The Competition and Markets Authority (CMA) has found that people who are members of a loyalty scheme can almost always…
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27 November
Frasers acquires South African sports retailer Holdsport
Frasers Group has expanded its global footprint through acquiring South African sporting, outdoor and recreation goods company, Holdsport.It acquired the…
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27 November
Pets at Home HY PBT up 14% to £54.5m
Pets at Home has revealed that its underlying profit-before-tax rose 14.1% to £54.5m for the half year ended 10 October…
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26 November
Today’s news in brief-26/11/24
AO World has raised its full-year profit forecast to between £39m-£44m after reporting a 30% rise in pre-tax profits to…
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26 November
Next triples presence at Bluewater with new upsized store
Next is growing its presence at Bluewater Kent by tripling its footprint at the shopping centre. The retailer will relocate…
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26 November
Sosandar HY losses narrow
Sosandar has revealed that its losses have narrowed to £0.7m, down from £1.3m, for the half year ended 30 September…
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26 November
Halfords CEO calls for apprenticeship levy reform as sales drop 1% in H1
Halfords has called on the Government to reform the apprenticeship levy amid a 1% drop in revenues for the 26…
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26 November
AO raises guidance as half-year profits hit £17m
Electrical retailer AO has raised its full-year forecast to between £39m and £44m, as profits before tax rose 30% year-on-year…
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26 November
Asda turnaround could take 3-5 years, says incoming chair
Former Asda CEO Allan Leighton has said that a turnaround of the business could be a three to five year…
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26 November
Secret Sales expands European presence with Afound acquisition
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has acquired H&M Group’s digital fashion outlet, Afound.…
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