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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Jul- 2024 -16 July
Sosandar revenues rise to £46.3m in FY24
Sosandar’s revenue rose by 9% to £46.3m in the financial year ended 31 March, as the company prioritised margin enhancement…
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16 July
B&M revenues rise 2.4% in Q1 as new stores overperform
Value retailer B&M has reported that group revenues rose 2.4% during the first quarter to 29 June, due to its…
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16 July
Tala secures £5m investment to fund international expansion
Activewear brand Tala, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has secured £5m of investment as…
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16 July
Greggs to open new Kettering distribution centre
Greggs has announced plans to open a new national distribution centre at Symmetry Park, Kettering, in partnership with Tritax Symmetry.…
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15 July
Today’s news in brief-15/7/24
Luxury fashion brand Burberry has ousted CEO Jonathan Akeroyd following a sharp decline in sales during its first quarter. Sales…
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15 July
Sephora to open at Birmingham’s Bullring centre
Sephora UK is continuing its retail expansion across the UK with the announcement of a new store at Hammerson’s destination…
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15 July
Uniqlo owner ups FY guidance as revenues jump 10%
Fast Retailing, owner of Uniqlo and Theory, has upped its full-year operating profit estimate by 24.6% to ¥475bn (£2.3bn). In…
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15 July
Burberry ousts CEO amid profit warning
Burberry has announced that it has replaced its CEO Jonathan Akeroyd effective immediately after its Q1 sales dropped by a…
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15 July
Abuse of retail workers to become standalone offence
The government is expected to pass the Crime and Policing bill this week, which will make assaulting, threatening or abusing…
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15 July
Decathlon launches investment subsidiary
Decathlon has announced the launch of Decathlon Pulse, a fully-owned subsidiary dedicated to investing in new business and “building new…
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