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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Apr- 2024 -5 April
Decathlon revenues reach €15.6bn in 2023
Decathlon reported a 1.1% revenue increase to €15.6bn (£13.3bn) for the financial year 2023. Digital sales accounted for 17.4% of the group’s revenue, while the group’s net result reached €931m (£798m). For the second year in a row the retailer decreased its absolute CO2 emissions by -10%, compared to -2%…
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5 April
The Works shareholders vote to exit main stock exchange
The Works has announced that its shareholders voted to transfer shares from the main market of London’s Stock Exchange to its sub-market AIM, as a cost-reducing measure. This latest move was the outcome of the retailer’s latest AGM that was held yesterday (4 April). Almost all shareholders – 99.7% –…
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4 April
Today’s news in brief-4/4/24
In March, UK retail footfall experienced a modest increase of +1.7% compared to February, signalling a stabilising trend according to MRI data. Retail parks led the rise with a +4.3% increase. Despite mid-month declines, the week leading to Easter saw footfall rise by +10.3%. Although impacted by weather and holiday…
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4 April
Kiko Milano to open new store in Angel Central
Italian cosmetics brand Kiko Milano is set to open a new store in Islington’s retail destination Angel Central as part of the brand’s expansion plans across the UK. Kiko Milano will open an 818 sq ft unit at Angel Central later this month, adjacent to brands such as Rituals and…
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4 April
Footfall shows signs of stability as Easter break provides modest boost
March witnessed a modest rise in retail footfall across the UK, with an increase of +1.7% compared to February, signalling the lowest month on month rise for this period in the last decade, according to the latest data from MRI. MRI said the data suggests that footfall trends are starting…
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4 April
‘Missed opportunity’ not ending tourist tax says NWEC chief
Dee Corsi, New West End Company (NWEC) chief executive, has called the government’s decision not to end the tourist tax a “missed opportunity”. Ahead of the latest Budget in March a number of business leaders called upon Jeremy Hunt to scrap VAT on purchases made by tourists but Hunt resisted…
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4 April
Co-op profits fall despite strong performance from food business
Co-op has revealed its group annual pre-tax profits decreased to £28m for 2023, down from £268m the previous year, as the sale of its forecourt business and a challenging economic environment impacted performance. It comes as group revenues also decreased to £11.3bn, down from £0.5bn the previous year. However, the…
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4 April
Dobbies appoints new CMO
Garden centre retailer Dobbies has announced that Phil Thomas has joined the group as chief marketing officer. Thomas, who has been CMO for Costa Coffee for the last three years, brings to Dobbies over 30 years of wide-ranging marketing experience in both retail and consumer goods. Before serving as CMO…
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4 April
A.F. Blakemore appoints new chief people officer
A.F. Blakemore, one of the UK’s largest privately owned family businesses, has appointed Nicola McIntosh as its new chief people officer, effective 20 May. McIntosh joins the company from Rotherham, Doncaster, and South Humber NHS Trust, where she served as executive board director of People and Organisational Development. In this…
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4 April
Mytheresa mulls bid for Yoox Net-a-Porter
Mytheresa is reportedly among possible bidders who are looking to acquire underperforming ecommerce business Yoox Net-a-Porter from Swiss luxury group Richemont, the Financial Times has reported. News of the bid comes as Richemont has been looking for a new buyer for the business since a deal to sell a 47.5%…
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