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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Oct- 2024 -16 October
Increase in visits sees supermarket sales up 4.7% in October
Total Till sales increased 4.7% at UK supermarkets in the last four weeks ending 5 October 2024, up from +4.0% in the previous month, according to new data released today by NIQ. It said this is likely due to shoppers starting to look towards seasonal products as retailers roll out…
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16 October
Boots sales rise 6.9% in FY24 amid strong Q4
Boots has reported an “excellent” fourth quarter retail sales rise of 6.2% year-on-year, which contributed to a “strong” sales performance in its full-year results, as sales rose 6.9% for the year ended 31 August. It comes as both in-store and online sales continued to grow during the fourth quarter across…
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16 October
ProCook revenues rise by 8.8% to £17m in Q2
ProCook revenues increased 8.8% year-on-year to £17m in the second quarter of 2024, reflecting continued trading momentum and market “outperformance”. The kitchenware retailer’s like-for-like revenue grew by 4.7% with positive growth in both retail and ecommerce channels. Retail revenue increased 7.1% thanks to the fifth consecutive quarter of positive like-for-like…
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16 October
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This means inflation is now below the Bank of England’s 2% target, meaning the bank may face pressure to cut interest rates next month. According to the Office for National Statistics,…
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16 October
Adidas increases full-year guidance after better than expected Q3
Adidas has revealed that it has increased its full-year guidance following a better than expected performance in Q3. Adidas now expects its full-year revenues to increase by 10% on a currency neutral basis, up from high single digits, after a better than expected Q3. Alongside this, the company now expects…
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16 October
John Lewis to offer personal loans to customers
John Lewis Money, the financial services arm of John Lewis Partnership, has partnered with Zopa Bank to offer personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its digital-first personal loan product, giving the retailer’s customers more finance options. Customers…
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15 October
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
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15 October
Pure Seoul makes Midlands debut with new shop at Bullring and Grand Central
Beauty retailer Pure Seoul has made its Midlands debut with the opening of a new location at Bullring and Grand Central. The news comes as health and beauty transactions at the shopping destination have jumped 26% year-on-year. Located on Bullring’s middle level, the 800 sq ft K-Beauty store showcases one…
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15 October
Victorian Plumbing to close Victoria Plum amid £2m loss
Victorian Plumbing has announced it is to close the recently acquired Victoria Plum, after it incurred a £2m loss in just four months. In a trading update for the trading for the year ended 30 September 2024, Victorian Plumbing said Victoria Plum contributed c.£15m of revenue and incurred an adjusted…
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15 October
Footasylum appoints CCO and senior buying director
Footasylum has announced the appointments of Will Van Rensburg as chief commercial officer and Glen Wilkinson as senior buying director. Van Rensburg joined Footasylum in September and brings a wealth of experience from key leadership roles at prominent retailers, including Clarks Ltd, Under Armour, PVH, and Aldi. In his position…
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