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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Sep- 2024 -25 September
Boots partners with Just Eat for beauty and healthcare deliveries
Just Eat has announced a new partnership with Boots to deliver on-demand beauty and healthcare products. The announcement marks the first time Just Eat has partnered with a pharmacy-led retailer. The initial launch is being rolled out across major cities including London, Birmingham, Manchester, Leeds, Glasgow and Edinburgh. Customers in…
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25 September
Co-op returns to profit in H1 despite rise in shoplifting
Co-op has returned to profit in its half-year results, posting a pre-tax profit of £58m for the half year ended 6 July 2024, up from a loss of £33m in the same period last year.Alongside this, the company reported a small increase in revenues, which rose to £5.6bn, up from…
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25 September
DFS swings to £1.7m loss amid Red Sea stock delays
DFS has reported a loss before tax of £1.7m for the year ended 30 June due to “record” low market demand and Red Sea shipping disruption deferring sales and profits to future periods. By June 2024, adjusted profit before tax stood at £10.5m, having fallen £20.1m year-on-year to below DFS’…
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25 September
ASA bans ‘misleading’ Nike trainers advert
The Advertising Standards Authority has banned a Nike trainers ad for potentially misleading customers. The ad, which featured an image of a pair of trainers with the caption ‘Now just £26 at Nike!’, clicked through to a product listing on the Nike website but was only limited to sizes UK…
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24 September
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 September
New retail concept Future Stores to open in Oxford Street
A brand-new concept in retail media, called Future Stores, that creates 40 jobs, will open on Oxford Street on 30 October 2024. The 435m2 store, situated at 95 Oxford Street and spread across a full street block, blends the worlds of media, retail, and digital performance marketing together for the…
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24 September
Portman and Derwent to deliver 28,500 sq ft retail space in Marylebone
The Portman Estate and Derwent London have unveiled plans for the launch of Loxton Walk, a new retail and leisure destination in the heart of Marylebone. Launching in 2025, Loxton Walk will deliver 28,500 sq ft of new retail and leisure space across 17 ground floor units, accessible via four…
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24 September
Harrods investigating if current staff involved in Al Fayed allegations
Harrods has revealed that it is investigating if any of its current staff were involved in allegations against former owner Mohamed Al Fayed. Al Fayed, who owned the store between 1985 and 2010, has been accused of multiple rapes and sexual assaults by several women who worked for him. The…
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24 September
Card Factory HY profits fall 43% amid rising wages
Card Factory has reported that adjusted profits before tax fell by 43% to £14.5m in the six-month period to 31 July, due to “substantial” increases in National Living Wage as well as freight inflation and the phasing of strategic investments. This comes despite group revenues rising by 4.9% to £238m…
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24 September
Frasers Group lowers stake in Currys
Frasers Group has announced that it has lowered its stake in Currys just over a year after making an investment into the retailer. The group has lowered its holdings in the electricals business from 10.9% to 2.8%. The news comes after in June 2023 Frasers had made a “strategic investment”…
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