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 -19 September
Next ups guidance again as it closes in on £1bn profit
Next has announced that it has upped its full-year profit guidance by £15m, up to £995m, as it closes in…
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19 September
Hammerson sells stake in Bicester Village for £1.5bn
Property firm Hammerson has announced that it has sold off its stake in Bicester Village for £1.5bn to Silver Bidco,…
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19 September
Stuart Rose to lead Asda as Mohsin Issa steps back
Asda has announced that Mohsin Issa is set to step down from his executive responsibilities at the supermarket to focus…
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19 September
Ocado ups FY guidance as Q3 sales rise 15%
Ocado has hiked its full-year guidance after a period of strong growth and trading in Q3, boosted by a rise…
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18 September
Today’s news in brief-18/9/24
UK inflation held steady at 2.2% in August, unchanged from July and slightly above the Bank of England’s 2% target.…
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18 September
Sephora opens new store in Eldon Square
Global beauty retailer Sephora has announced the opening of its new store in Eldon Square shopping centre, Newcastle. Sephora has…
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18 September
UK Till sales slow to 4% this month, NIQ finds
Total Till sales growth at UK supermarkets slowed to 4% in the four weeks ending 7 September, down from 5.5%…
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18 September
Moonpig to meet full-year guidance despite market challenges
Moonpig has revealed that it expects to hit its guidance for FY25 despite the ongoing “challenging environment” and consumers pulling…
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18 September
Inflation holds steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…
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18 September
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27…
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