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 -11 October
Under Armour opens biggest outlet store in Caledonia Park
Global sports apparel brand Under Armour has opened its biggest outlet store in Scotland at Caledonia Park. The retailer has…
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11 October
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially”…
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11 October
THG raises £95m to fund Ingenuity demerger
THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone…
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11 October
River Island falls to £32.2m loss
River Island has fallen to a pre-tax loss of £32.2m for the year ended 30 December 2023, compared with a…
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11 October
Aldi to recruit 3,500 staff ahead of festive season
Aldi has announced that it is looking to hire 3,500 store colleagues in the lead-up to Christmas. With a wide…
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11 October
Quiz CFO to step down
Quiz has announced that Gerard Sweeney has informed the board of his intention to step down from his role as…
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10 October
Today’s news in brief-10/10/24
Asos has finalised the sale of Topshop and Topman to Heartland, a joint venture led by Bestseller, with Heartland acquiring…
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10 October
Tesco to invest £4m of fruits and vegetables to 400 schools
Tesco is going to invest £4m in a new scheme that will give thousands of young people fruit and vegetables…
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10 October
Uniqlo owner sees profits jump 24% to £2.46bn in FY24
Uniqlo’s parent company, Fast Retailing, has revealed that full-year profits rose by 24.9% to ¥283.4bn (£2.46bn), while total group revenues…
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10 October
Amazon launches new AI-powered tools for shoppers and drivers
Amazon has unveiled new AI-powered initiatives for both shoppers and delivery drivers, including the launch of AI Shopping Guides, product…
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