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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Mar- 2025 -26 March
Inflation ‘unexpectedly’ falls to 2.8% in February
Inflation unexpectedly fell to 2.8% in February in much welcome news for the chancellor ahead of the Spring Statement later…
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26 March
Virgin Wines targets £100m revenues through ‘turbocharging’ growth plan
Virgin Wines has unveiled plans to “turbocharge” its growth and deliver £100m in annual revenue over the next five years…
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26 March
Uniqlo’s popularity with Gen-Z boosts FY profits by 57% to €221.7m
Uniqlo’s European operations has seen its profits jump by 57.5% to €221.7m (£185.4m) in the year to 31 August 2024,…
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26 March
Frasers expands Sports Direct in Southeast Asia and India
Frasers Group has announced the expansion of its existing partnership with MAP Active to launch Sports Direct in five new…
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26 March
John Lewis housing development nears approval
John Lewis has submitted proposals to redevelop its former customer collection facility in Reading into a housing project, according to…
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25 March
Today’s news in brief-25/3/25
WH Smith has successfully completed a refinancing deal, securing a £200m US Private Placement and a new £120m bank term…
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25 March
Co-op launches Aldi price match pledge on over 100 products
Co-op has announced it is launching its biggest ever value campaign tomorrow (26 March), matching Aldi prices on over 100…
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25 March
AO raises full-year profit guidance amid LFL sales surge
AO has revealed that its adjusted profit-before-tax has grown in the region of 30%, and is expected to be around…
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25 March
Kingfisher profits fall 7% to £528m in FY24
Kingfisher has reported a 7% dip in profits to £528m, including £33m of one-off business rates refunds at B&Q, during…
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25 March
Morrisons to close 52 cafés and 17 convenience stores
Morrisons has announced it is set to close 52 cafés, all 18 market kitchens, 17 convenience stores, 13 florists, 35…
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