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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Aug- 2024 -22 August
TK Maxx owner ups FY profit guidance
TK Maxx owner, TJX Companies, has revealed it has upped its FY profit guidance after its comparable store sales increased…
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22 August
Urban Outfitters reports ‘record’ Q2 sales of $1.35bn
US lifestyle brand Urban Outfitters has reported a 6.3% increase in total net sales to a “record” $1.35bn (£1.03bn) for…
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22 August
JD Sports sales rise 2.4% in Q2 amid global expansion
JD Sports has welcomed a strong second quarter of trading, with like-for-like sales up by 2.4%, as organic sales grew…
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22 August
Shein mulls selling shares to British public amid IPO backlash
Shein is reportedly looking to sell its shares directly to the British public after its potential £50bn listing on the…
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21 August
Waitrose to open 100 convenience stores amid £1bn investment
Waitrose has announced plans to open up to 100 convenience shops across the country over the next five years, just…
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21 August
Asos shareholders approve new pay plan for execs
Asos shareholders have approved a new pay plan for executives with the group’s new Value Creation Plan (VCP). According to…
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21 August
Supermarket sales rise 5.5% amid summer holidays boost
Total Till sales at UK supermarkets has seen a 5.5% increase in the last four weeks ending 10 August 2024,…
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21 August
Hobbycraft on brink of sale to retail investor
Hobbycraft is reportedly closing in on a sale to a specialist retail investor, Sky News has reported. Modella Capital is…
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20 August
Estée Lauder sales fall in ‘difficult year’ as CEO departs
Estée Lauder has seen sales dip by 2% to $15.6bn (£12bn) in its full-year results, in part due to an…
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20 August
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to…
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