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 -30 October
Majestic launches delivery partnership with Just Eat
Wine retailer Majestic has partnered with delivery partner Just Eat in order to expand its on-demand offering. The partnership has officially launched from 43 Majestic stores, including 16 shops across London, two in Edinburgh, and branches in Sheffield, Derby, Abingdon and High Wycombe. The roll-out will include a total of…
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30 October
Dreams opens new premium concept store in East Sheen
Dreams has announced the opening of its new premium concept store in East Sheen, which it said represents the “future of its retail strategy”. The new East Sheen store concept is the first of its kind that is designed specifically for smaller high street locations. Covering 4,000 square feet over…
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30 October
Next profits set to top £1bn after autumn trading boost
Next profits are set to exceed £1bn for the first time ever this year, as strong sales over autumn have pushed its full-year guidance from £995m to £1.005bn.It comes as full price sales in the third quarter rose by 7.6% against last year, 2.6% ahead of Next’s previous quarterly guidance…
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30 October
Young care leavers to make up 5% of Superdrug’s workforce by 2030
Superdrug has pledged its support of young care leavers this National Care Leavers Week – 28 October to 3 November – as it announces its ambition for care experienced young people to make up 5% of its workforce by 2030. The health and beauty retailer will also give care leavers…
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30 October
VF Corp Q2 revenues fall 6%
North Face and Vans owner VF Corp has revealed that its revenues dropped 6% to $2.8bn (£2.15bn) for the three months ended 28 September 2024. However, this decrease in revenues is an improvement on the 10% decrease in revenues it posted in Q1 of this fiscal year. The North Face…
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29 October
Today’s news in brief-29/10/24
The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…
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29 October
Spar appoints new managing director
Spar has announced the appointment of Michael Fletcher as the new managing director. With over two decades of experience, he brings a wealth of knowledge from various high-profile roles within the convenience and grocery retail sectors. Fletcher spent 22 years at Tesco plc, where he held numerous senior commercial roles…
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29 October
New Look pre-tax losses narrow despite fall in FY sales
New Look has reported that its pre-tax losses narrowed from £87.8m to £21.7m for the year to 30 March, despite sales dropping 8.9% to £769.2m due to store closures and “tough” trading conditions. During the period, New Look saw retail revenues fall by 11.5% to £555.1m, which was impacted by…
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29 October
Jollyes appoints new COO
Jollyes has announced the appointment of Adam Dury as its new chief operating officer effective January. For the last five years Dury has been chief commercial officer at Card Factory plc and a key member of its group operating board. Prior to Card Factory, he worked in commercial roles at…
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29 October
Adidas Q3 revenues jump 10% to €6.4bn
Adidas has seen currency-neutral revenues rise 10% in the third quarter ended 30 September 2024, attributing the double-digit growth to “strong momentum” of the underlying Adidas business, which grew 14% over the period. In euro terms, revenues grew 7% to €6.4bn (£5.3bn), while operating profit increased 46% to €598m (£498m). …
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