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 -11 September
Inditex H1 sales rise by 7.2% to €18bn amid ‘well received’ collections
Zara-owner Inditex has reported a 7.2% year-on-year rise in revenues to €18.1bn (£15.3bn) for the first half of 2024, with…
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11 September
UK economy stagnates for second consecutive month
The UK economy experienced no growth for the second consecutive month in July, underperforming analysts’ expectations of 0.2% growth for…
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11 September
WH Smith group sales rise 7% amid strong travel growth
WH Smith has reported a 7% rise in group revenues and 5% rise in like-for-like sales for the 12 months…
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11 September
Dunelm PBT rises 6.6%
Dunelm has revealed that its profit-before-tax rose 6.6% to £205m, up from £193m, for the year ended 29 June 2024.…
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11 September
Boohoo shifts US fulfilment operations to UK
Boohoo is set to shut its US distribution centre and instead fulfil its stateside orders from its automated distribution centre…
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10 September
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry,…
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10 September
Schuh launches ‘Single Shoe’ initiative to increase inclusivity
Schuh has introduced a new initiative to enable customers to make single shoe purchases nationwide in a step towards greater…
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10 September
Wickes HY profit falls to £23.4m
Wickes has revealed that its adjusted profits fell to £23.4m, down from £31.1m, for the 26 weeks ended 29 June…
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10 September
Burberry valuation hits 15-year low as market value falls to £2bn
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market…
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10 September
Beaverbrooks invests £1.6m in Bracknell store refurb
Family-owned national diamond, jewellery and watch retailer Beaverbrooks has made a £1.6m investment in the complete refurbishment and expansion of…
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