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.
-
May- 2024 -15 May
Discount Dragon revenues hit £1.6m post-acquisition
Discount Dragon revenues have reached £1.6m during the post acquisition period by Huddled Group between October and December 2023. Q4…
Read More » -
15 May
Boux Avenue upbeat on performance despite widening losses
Retail boss Theo Paphitis is upbeat on the performance of his lingerie brand Boux Avenue despite the company seeing its…
Read More » -
15 May
Burberry profits plummet 40% amid luxury spending slowdown
Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…
Read More » -
15 May
Angling Direct reports pre-tax profit of £1.5m as sales surge
British fishing equipment retailer Angling Direct has reported pre-tax profits of £1.5m in FY24, up from £700,000 the prior year. …
Read More » -
15 May
Tesco CEO pay doubles to almost £10m
Tesco CEO Ken Murphy has seen his pay more than double over the last year, taking home £9.93m, as the…
Read More » -
15 May
Zalando appoints new co-CEO
Zalando has appointed David Schröder as new co-CEO of the business, as co-founder David Schneider steps down to focus on…
Read More » -
14 May
Today’s news in brief-14/5/24
Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers.…
Read More » -
14 May
WHSmith launches new own-brand food range
WHSmith has launched Smith’s Family Kitchen, a brand-new food to go range exclusively available in over 300 WHSmith UK travel…
Read More » -
14 May
Boots owner steps up talks with potential buyers for chain
Walgreens Boots Alliance (WBA), the owner of Boots, has reportedly stepped up efforts to secure a potential buyer for the…
Read More » -
14 May
Greggs sales rise 7.4% to £693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains…
Read More »
