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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May- 2024 -1 May
Iolla unveils JV partnership opportunities across the UK
Scottish eyewear brand, IOLLA, has today (1 May) announced the launch of a joint venture partnership model as part of its business growth strategy to scale the independent brand nationwide. This comes as the company’s online platform, which ships to over 40 countries, has been the target of investment, which…
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1 May
Next maintains FY guidance amid strong Q1 sales
Next has maintained its full-year guidance after the group welcomed strong trading in the first quarter of the year. In the 13 weeks to 27 April, total sales rose by 5.7% against the prior year, slightly ahead of its guidance for this period, where sales were forecast to rise by 5%.…
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1 May
Network Rail annual retail sales surpass £800m
Network Rail has revealed that retail sales reached over £800m in the past 12 months across its retail portfolio of 19 managed stations in Great Britain. It said that over 600,000 sq ft of prime retail space is managed by Network Rail within major city centre locations, with footfall climbing…
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1 May
Adidas raises profit guidance amid ‘strong’ Q1 results
Adidas has raised its profit guidance from €500m (£426.8m) to €700m (£597.6m) following a “better-than-expected” performance in the first quarter 2024. The group reported an operating profit of €336m (£286.8m) compared with €60m (£51.2m) in the prior-year period, reflecting an operating margin of 6.2% (2023: 1.1%). In the first quarter…
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1 May
Amazon Q1 net sales jump 13% to $143.3bn
Amazon has revealed that its net sales rose 13% to $143.3bn (£114.7bn), up from $127.4bn (£102bn), for the three months ended 31 March. This figure excludes the $0.2bn (£0.16bn) “unfavourable impact” of year-on-year foreign exchange rate changes. The company’s sales in the North America segment increased 12% year-on-year to $86.3bn…
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1 May
Mulberry revenues decline 4% in FY24
Mulberry Group revenues fell by 4% in the year ended on 30 March compared to the previous year against a backdrop of challenging macroeconomic conditions and a decline in luxury consumer spending. Losses for the full year will be impacted by the additional operational costs of new stores in Sweden…
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1 May
Wickes maintains FY outlook despite LFL sales decline
Wickes has maintained its full-year profit guidance, despite overall like-for-like sales for the first 16 weeks to 20 April falling by 4.2% against the same period last year. While it said the trading environment remains uncertain, the group expects its “solid” start to the year within its retail offering to…
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Apr- 2024 -30 April
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the latest data from the BRC-Nielsen Index. This decline suggests a trend towards normalising inflation levels after reaching a peak last year. The drop was particularly notable in non-food items, which…
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30 April
AIS names interim director of fashion, toys and sport
Associated Independent Stores (AIS) has announced the appointment of Devlin Lindeque as its interim director of fashion, toys and sports. He brings over 20 years of experience to the association, including Disney, Mothercare, and Merlin Entertainments, having led buying and design teams, as well as constructing and developing ranges across…
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30 April
Lidl announces plans to open hundreds of new sites
Lidl has unveiled plans to open hundreds of new stores across the country, creating thousands of new jobs. This follows a year of significant investment in its infrastructure to further strengthen operations, during which Lidl opened its largest global warehouse in Luton. The discounter grocer has also been optimising and…
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