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 -6 September
Burberry relegated from FTSE 100 as share price falls
Burberry has been relegated from the FTSE 100, having been in the tier for 15 years, after its share price…
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6 September
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of…
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5 September
Today’s news in brief-5/9/24
Asos has sold a majority stake in Topshop and Topman to Heartland, a move valued at £135m. Heartland, owned by…
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5 September
Asda becomes first supermarket to sell refurbished TVs
Asda has announced that customers in six locations will now be able to purchase refurbished TVs in a first for…
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5 September
John Lewis brings back ‘never knowingly undersold’ promise
John Lewis has announced it is to bring back its ‘never knowingly undersold’ price match promise just two years after…
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5 September
Amazon announces pay rise for thousands of UK workers
Amazon has announced that the minimum starting pay for frontline operations employees will rise to almost 10% benefitting tens of…
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5 September
Currys revenues up 5% amid strong Euros performance
Currys has seen its UK and Ireland revenues jump 5% like-for-like in the 17 weeks ended 24 August 2024. The…
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5 September
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the…
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5 September
Asos offloads Topshop and Topman ownership amid refinancing
Asos has offloaded ownership of the Topshop and Topman brands amid a refinancing of the business, after forming a joint…
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5 September
Dior appoints Miu Miu CEO as managing director
LVMH-owned Christine Dior has announced the appointment of Miu Miu CEO Benedetta Petruzzo to the executive committee as managing director,…
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