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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Oct- 2024 -3 October
Sainsbury’s chief calls for Budget action on consumer confidence
Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this…
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3 October
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with…
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2 October
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen…
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2 October
Grown Alchemist to make UK debut in Soho
Beauty retailer Grown Alchemist is set to make its UK debut within the London Soho neighbourhood, opening at 35 Beak…
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2 October
Booths narrows pre-tax losses to £1.6m
Supermarket chain Booths has narrowed its losses from £4.0m in 2023 to £1.6m and has reported a 6.7% rise in…
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2 October
Shop prices move further into deflation
Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month and below the…
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2 October
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to…
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2 October
JD Sports profits drop 64.3% in H1 despite record sales of £5bn
JD Sports has reported that its profit before tax fell by 64.3% to £126m during the 26 weeks to 3…
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2 October
Nike withdraws FY guidance amid falling Q1 sales
Nike has withdrawn its full-year guidance after first quarter sales plunged, and ahead of Elliot Hill becoming president and CEO…
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2 October
LVMH sells Virgil Abloh’s Off-White to Bluestar Alliance
LVMH has announced the sale of luxury streetwear brand Off-White to New York-based brand management company Bluestar Alliance. Founded in…
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