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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Jun- 2024 -6 June
N Brown returns to profit despite weakened sales
N Brown has posted a profit-before-tax of £5.3m, up from a loss of £71.1m, for the year ended 2 March…
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6 June
Authentic Brands Group to acquire Champion
Authentic Brands Group, a global brand development, marketing, and entertainment platform, has signed a binding agreement to purchase the Champion…
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6 June
Tesco launches ‘one-stop shop’ online marketplace
Tesco has announced the launch of Marketplace, which will give customers the opportunity to shop thousands of products from its…
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6 June
M&S director to step down following CFO appointment
A long-serving director at M&S is reportedly quitting the company’s board following news it has poached the CFO of another…
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5 June
The Estée Lauder Companies completes acquisition of Deciem
The Estée Lauder Companies (ELC) has announced it has completed its acquisition of the Canadian-based, multi-brand company Deciem Beauty Group…
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5 June
WH Smith maintains FY guidance amid rising travel sales
WH Smith has reported being in line with its expectations for the full year and claimed it is “well positioned”…
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5 June
B&M posts profits of £498m
B&M has revealed that its statutory profit-before-tax rose 14% to £498m, up from £436m, for the year ended 30 March…
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5 June
Asda appoints Lidl COO to lead store operations
Asda has appointed Matt Heslop to lead its stores and depots operation, including the 470 convenience stores in its newly-established…
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5 June
Zara owner Inditex sees sales rise to €8.2bn in Q1
Zara owner Inditex has reported a 7.1% increase in sales to €8.2bn (£6.98bn) in the first quarter of 2024. The…
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4 June
Today’s news in brief-4/6/24
UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average…
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