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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Aug- 2024 -1 August
Next ups FY profit guidance amid strong summer sales
Next has raised its full-year profit guidance by £20m following a period of strong trading over the summer, as sales exceeded expectations despite the drearier weather. In the second quarter of the year, full price sales were up by 3.2%, exceeding its expectations by £42m. It had initially expected Q2…
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1 August
ASA bans Debenhams advert after ‘misleading’ 60% off claim
The Advertising Standards Authority (ASA) has banned a Debenhams advert for “misleading” customers about a “60% off” claim. On 9 March 2024, a paid-for Facebook ad for Debenhams featured text that stated “Step into Spring with up to 60% off fashion, home and beauty at Debenhams”. Below, a carousel of…
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1 August
Adidas revenues jump 11% in Q2
Adidas’ currency-neutral revenues increased 11% in the second quarter of 2024, driven by the “strong momentum of the underlying business”. In euro terms, revenues grew 9% to €5.8bn (£4.8bn). Operating profit amounted to €346m (£292m), reflecting an operating margin of 5.9%. Footwear revenues in Q2 increased 17%, driven by the…
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1 August
Pets at Home Q1 revenue up 1%
Pets at Home has announced that its total group revenue rose 1% up to £441.1m for the 16 weeks ended 18 July 2024, compared with the same period last year. Alongside this, its consumer revenue rose 1.5% to £576.6m supported by growing average customer spend and growth in active Pets…
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Jul- 2024 -31 July
Morrisons extends partnership with Just Eat
Morrisons has expanded its partnership with Just Eat to include groceries from its supermarkets as well as deliveries from its cafes and Morrisons Daily convenience stores. The partnership was initially rolled out to Morrisons Cafes in 2022, followed by 60 Morrisons Daily convenience stores in December 2023, and today serves…
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31 July
Aldi to open four new London stores by end of 2024
Aldi has announced it is set to open four new stores in the capital between now and the end of the year. New stores in Leytonstone and Beckton are set to open in the next couple of months, while Holloway Road and Muswell Hill are also gearing up to welcome…
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31 July
John Lewis launches retail media platform
John Lewis has announced a new retail media platform to help brands connect with customers shopping online. According to the group, the move will allow brands to create and manage their own campaigns via banner ads and sponsored product listings. It also offers users a clear dashboard showing exactly how…
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31 July
Fenwick appoints new CEO
Fenwick has appointed Nigel Blow, the current CEO of department store Morleys, as its new chief executive officer. His appointment comes as Fenwick CEO John Edgar leaves business after four and a half years, as part of “wider changes” to its senior management structure. The appointment of Blow, who joins the…
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31 July
Prada’s revenues hit €2.5bn in H1
Prada Group’s revenues increased 17% YoY to €2.5bn (£2.1bn) during the first half of the year ended 30 June. Retail sales for the group increased 18% YoY to €2.2bn (£1.8bn), driven by like-for-like and full-price volumes. EBIT reached €575m (£485m). Sales at Prada during the first half of the year…
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31 July
Wickes HY LFL revenues fall 3.9% to £799.9m
Wickes has revealed that its revenue fell 3.9% like-for-like down to £799.9m for the six months ended 29 June 2024, despite a strong performance from its retail division. It comes as the company saw its design and installation revenue fall 18.3% like-for-like down to £166.7m. However, the company’s retail revenue…
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