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.
-
Oct- 2024 -16 October
Harvey Norman debuts in UK with Merry Hill store
Lifestyle, technology, and home appliance retailer Harvey Norman has made its UK debut with a new flagship store at Merry Hill. The new 57,000 sq ft store offers the group’s extensive range of products, including luxury furniture such as sofas, dining sets, bedroom suites and mattresses, as well as smaller…
Read More » -
16 October
Sports Direct to open new store at Trafford Palazzo in 2025
North West shopping and leisure destination, Trafford Palazzo, has secured Sports Direct as its latest occupier on a long-term agreement for early 2025. Due to open a 40,000 sq ft space in the new year, this latest Manchester Sports Direct will stock brands such as Nike, Adidas, Puma and ASICS,…
Read More » -
16 October
Increase in visits sees supermarket sales up 4.7% in October
Total Till sales increased 4.7% at UK supermarkets in the last four weeks ending 5 October 2024, up from +4.0% in the previous month, according to new data released today by NIQ. It said this is likely due to shoppers starting to look towards seasonal products as retailers roll out…
Read More » -
16 October
Boots sales rise 6.9% in FY24 amid strong Q4
Boots has reported an “excellent” fourth quarter retail sales rise of 6.2% year-on-year, which contributed to a “strong” sales performance in its full-year results, as sales rose 6.9% for the year ended 31 August. It comes as both in-store and online sales continued to grow during the fourth quarter across…
Read More » -
16 October
ProCook revenues rise by 8.8% to £17m in Q2
ProCook revenues increased 8.8% year-on-year to £17m in the second quarter of 2024, reflecting continued trading momentum and market “outperformance”. The kitchenware retailer’s like-for-like revenue grew by 4.7% with positive growth in both retail and ecommerce channels. Retail revenue increased 7.1% thanks to the fifth consecutive quarter of positive like-for-like…
Read More » -
16 October
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This means inflation is now below the Bank of England’s 2% target, meaning the bank may face pressure to cut interest rates next month. According to the Office for National Statistics,…
Read More » -
16 October
Adidas increases full-year guidance after better than expected Q3
Adidas has revealed that it has increased its full-year guidance following a better than expected performance in Q3. Adidas now expects its full-year revenues to increase by 10% on a currency neutral basis, up from high single digits, after a better than expected Q3. Alongside this, the company now expects…
Read More » -
16 October
John Lewis to offer personal loans to customers
John Lewis Money, the financial services arm of John Lewis Partnership, has partnered with Zopa Bank to offer personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its digital-first personal loan product, giving the retailer’s customers more finance options. Customers…
Read More » -
15 October
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
Read More » -
15 October
Pure Seoul makes Midlands debut with new shop at Bullring and Grand Central
Beauty retailer Pure Seoul has made its Midlands debut with the opening of a new location at Bullring and Grand Central. The news comes as health and beauty transactions at the shopping destination have jumped 26% year-on-year. Located on Bullring’s middle level, the 800 sq ft K-Beauty store showcases one…
Read More »
