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 -3 October
Topps Tiles sales dip 5.7% in Q4
Topps Tiles has seen a 5.7% decline in group sales to £248m for the 52-week period ended 28 September 2024. Group sales for the year, excluding revenues from the assets acquired from the administrators of CTD1, were broadly “in line” with the year ending September 2022. The tile specialist said…
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3 October
M&S launches recruitment drive to fill 11,000 Christmas roles
Marks and Spencer has announced it will be recruiting over 11,000 new customer assistants to support in stores across the UK over the festive period. The retailer is recruiting even more colleagues than last year with over 1000 more vacancies available, reflecting the additional investment M&S is making in colleague…
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3 October
British Land acquires seven retail parks for £441m
British Land has acquired a portfolio of seven retail parks for £441m, as well as announced a proposed equity placing of approximately £300m – by way of an accelerated bookbuild offering to fund this acquisition. The rest of the asking price will be financed from existing cash and in place…
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3 October
Sainsbury’s chief calls for Budget action on consumer confidence
Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this month. He told Reuters that despite falling inflation, higher wages, and solid employment levels, UK shoppers remain nervous about spending on bigger ticket items. Recent surveys have shown UK consumer…
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3 October
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with the supermarket’s boss noting the business is “in good shape”. Over the period, retail operating profits rose by 10% to £1.56bn, while statutory operating profits were up by 13% to £1.6bn. …
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2 October
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 October
Grown Alchemist to make UK debut in Soho
Beauty retailer Grown Alchemist is set to make its UK debut within the London Soho neighbourhood, opening at 35 Beak Street in November. With an emphasis on “rejuvenation” and “evolution”, the Australian brand is set to open its first store outside of Melbourne, taking a two-floor 600 sq ft space…
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2 October
Booths narrows pre-tax losses to £1.6m
Supermarket chain Booths has narrowed its losses from £4.0m in 2023 to £1.6m and has reported a 6.7% rise in sales to £318.7m for the year ending 30 March 2024. The group attributed the performance to increased footfall and basket spend, partly due to inflation and the benefit of an…
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2 October
Shop prices move further into deflation
Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month and below the three-month average rate of -0.3%, according to the latest figures from the BRC-NielsenIQ shop price index. This means shop price annual growth was at its lowest rate since August 2021.…
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2 October
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to complete in early 2025. The deal received backing from MusicMagpie’s board, with directors unanimously recommending the offer. AO World is hoping that the deal will boost its presence in the…
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