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
Cambridge Satchel to open in Victoria Leeds
British leather bag brand Cambridge Satchel is set to join Victoria Leeds in December. Making a regional debut and accounting…
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14 November
Burberry unveils turnaround plan as profits plummet
Burberry has unveiled a turnaround plan after it posted an adjusted operating loss of £41m for the six months ended…
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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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