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 -14 November
Boohoo raises £39m through fundraiser as half-year losses triple
Boohoo has raised £39.3m through a “significantly oversubscribed” fundraising launch with shareholders after its losses tripled in its half-year results. In…
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14 November
CDS Superstores acquires 70 Homebase stores out of administration
The Range and Wilko owner CDS Superstores has acquired 70 Homebase UK stores after the DIY retailer collapsed into administration.…
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14 November
WHSmith profits rise 16% to £166m in FY24
WHSmith has seen its profit before tax increase 16% to £166m in its preliminary results for the year ended 31…
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13 November
Homebase readies to bring in administrators
Homebase are reportedly lining up administrators from Teneo to handle a pre-pack deal with The Range that will save over…
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13 November
Asda sales lag behind other major supermarkets, new data finds
Asda was found to trail behind all other major UK supermarkets with a 3.5% decline in sales and a 1%…
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13 November
M&S overtakes Waitrose in Middle England ahead of Christmas
Marks and Spencer has overtaken Waitrose for the first time in Middle England ahead of the Christmas season, according to…
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13 November
Morrisons to invest £7m in Channel Island convenience stores
Morrisons has revealed its acquisition of 36 convenience stores in Jersey, Guernsey and Alderney from SandpiperCI has now been completed…
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13 November
Boots website crashes amid ‘biggest ever’ Black Friday sale
Boots’ app and website repeatedly crashed during its “biggest ever” Black Friday sale this week.According to The Telegraph, customers complained…
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12 November
Angel Central completes ground floor leasing with Therapie Clinic signing
Angel Central, the retail and leisure destination in Islington, has signed Therapie Clinic, completing the leasing of the destination’s 90,000…
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12 November
Supermarket sales hit 2024 high as shoppers ready for Christmas
Take-home sales at the grocers increased by 2.0% over the four weeks to 3 November 2024 to reach £11.6bn, making…
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