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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Aug- 2024 -5 August
Ferragamo net profits plummet 73% in H1
Ferragamo’s net profits plummeted 73% to €6m (£5.1m) for the first half of the year ended 30 June 2024. In…
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2 August
Northhome to open new store in Victoria Quarter’s County Arcade
Independent home décor store Northhome will be upsizing and relocating to Victoria Quarter’s County Arcade. Building on the success of…
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2 August
Footfall falls for 12th consecutive month
Total UK footfall decreased by 3.3% in July (YoY), down from -2.3% in June, marking the 12 consecutive month of…
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2 August
Network Rail retail sales jump 12.6% in Q4
Network Rail retail sales have increased 12.6% in Q4 across the portfolio of 19 managed stations throughout Great Britain. During…
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2 August
Apple revenues rise 5% to ‘record’ $85.8bn in Q3
Apple has reported that revenues rose by 5% year-over-year to a “record” $85.8bn (£67.3bn) in the third quarter ended 29…
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2 August
Hugo Boss sees profits and revenues fall in Q2
Hugo Boss has reported a 42% drop in operating profit (EBIT) to €70m (£59m) in Q2 2024 due to lower…
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2 August
Amazon Q2 sales fall short despite strong AWS growth
Amazon has seen net sales rise by 10% to $148bn (£116bn) in the second quarter, up from $134.4bn (£106bn) the…
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1 August
B&Q partners with Deliveroo for DIY products delivery
Home and garden retailer B&Q has partnered with Deliveroo for the on-demand delivery of over 600 DIY products from B&Q…
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1 August
BoE cuts interest rates for first time in 4 years
The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…
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1 August
Asda co-owner to invest £30m amid weakening market share
Asda co-owner Mohsin Issa will reportedly invest £30m into the supermarket chain in a bid to mitigate its loss of…
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