News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Nov- 2024 -6 November
Hugo Boss sales remain flat in Q3
Hugo Boss reported flat sales to €1.02bn (£833m) in Q3 2024 despite ongoing macroeconomic and geopolitical uncertainties. In light of the slowdown in sales, the group’s operating profit declined 7% with EBIT amounting to €95m (£79m) in the third quarter. Over the first nine months of 2024, currency-adjusted group sales…
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6 November
Zalando Q3 revenues rise 5% to £2bn
Zalando has reported that revenues rose 5% to €2.4bn (£2bn), with adjusted EBIT climbing from €23m (£19.1m) to €93m (£77.5m) in the third quarter. It comes as gross merchandise volume (GMV) rose by 7.8% to €3.5bn (£2.9bn) against the same period last year. The group’s active customer count also increased…
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6 November
M&S profits rise by 17% in half-year results
M&S has welcomed “further progress” in its half-year results as profit-before-tax rose by 17.2% to £407.8m for the half-year ended 28 September 2024. Alongside this, the company’s revenues rose 5.7% to £6.48bn, up from £6.13bn in the same period last year, attributing its ‘Reshape M&S for Growth’ strategy to the…
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6 November
Aldi to open 11 new UK stores ahead of Christmas
Aldi is set to open 11 new stores across the UK between now and Christmas. New stores in Sedgley in the West Midlands and Castle Douglas in Scotland are set to open this week, while Horsham in West Sussex and Muswell Hill in London are also gearing up to welcome…
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5 November
Today’s news in brief-5/11/24
Primark’s profits surged by 51% to £1.1bn in FY24, as its parent company, Associated British Foods, credited a significant rise in profitability and returns amid ongoing investment efforts. Total group sales grew by 6% to £9.4bn, despite summer fashion sales being dampened by poor weather in H2. Notably, Primark reported…
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5 November
Sosandar signs licensing agreement with Next for homeware range
Women’s fashion brand Sosandar has announced it has signed a licensing agreement with Next for a Sosandar homeware range. Following the success of Sosandar’s clothing range sold through Next, Next is extending its partnership to licensing the Sosandar brand to develop a homeware range. Next is one of the largest…
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5 November
Primark profits rise by 51% to £1.1bn in FY24
Primark has seen its operating profits soar by 51% to £1.1bn in the year ended 14 September 2024, as the group hailed a “substantial” improvement in profitability and strong returns amid ongoing investment. Associated British Foods reported that sales for the group rose by 6% to £9.4bn over the year,…
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5 November
Retail sales see weak growth in October amid pre-budget uncertainty
Total retail sales in the UK nudged up by only 0.6% in October, compared with a growth of 2.6% in October 2023, as retail was hit by ongoing uncertainty surrounding the autumn budget, the BRC has reported. The BRC also attributed this slowdown to the fact that the October half-term…
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5 November
John Lewis partners with Klarna for BNPL offer
John Lewis has partnered with Klarna to offer online customers the choice to check out with its interest-free ‘Pay in 3’ product, allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at…
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5 November
Asos FY losses widen to £379m despite turnaround progress
Asos has seen full-year losses plunge to £379.3m, widening from its previous loss of £296.7m, as it focused on “setting strong foundations” for future growth through its turnaround plan. In the year ended 1 September 2024, group revenues fell by 18% to £2.9bn, down from £3.5bn the prior year, as the…
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