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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Jan- 2024 -11 January
Tesco ups guidance as sales jump 6.9%
Tesco has announced that its sales increased 6.9% for the 19 weeks ended 6 January 2024 after stronger than expected volume growth in the period. As a result the company now expects a retail adjusted operating profit of around £2.75bn, above its previous guidance range of £2.6bn to £2.7bn The…
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11 January
Boohoo added ‘Made in UK’ labels on clothes made in South Asia
Boohoo reportedly added “Made in the UK’ labels to some of its clothes that were actually made overseas, according to claims from BBC Panorama. The BBC investigative show said that Boohoo removed label from a selection of plain t-shirts and hoodies and had them replaced with the Made in the…
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11 January
Sainsbury’s in talks with Gov over Red Sea shipping delays
Sainsbury’s is reportedly in talks with the UK government to mitigate possible shipping delays due to unrest in the Red Sea, according to Bloomberg. Bloomoberg understood that the chief executive of the retailer, Simon Roberts, said the business is working hard to make sure the latest intelligence is understood and…
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11 January
Frasers Group appoints new joint broker
Frasers Group has announced the appointment of Jefferies, a full-service investment banking and capital markets firm, as its new corporate broker. Jefferies will replace Liberum as the company’s joint corporate broker, alongside Barclays Bank plc and Deutsche Numis, with immediate effect. Frasers said: “The board of Frasers wishes to thank…
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11 January
Very UK sales up 3.4% over Christmas period
Very UK has reported that retail sales were up by 3.4% in the seven weeks to 22 December 2023, with group sales up by 2.1% overall, but warned of a “challenging” year ahead for retailers. Over the Christmas and Black Friday period, the group said its performance was “consistently ahead”…
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11 January
M&S ‘top performing’ grocer over Christmas period
M&S has revealed that it was the top performing grocer in volume growth terms over the Christmas period and the quarter, as food sales rose 10.5%, with like-for-like sales up 9.9%. According to the retailer, supply chain improvements helped to drive better availability year-on-year in its supermarkets. Clothing and home…
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10 January
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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10 January
Axel Arigato to open flagship store in Covent Garden
Axel Arigato, the Swedish footwear brand, is set to open a new flagship store in Covent Garden in 2024. Located in Covent Garden’s Seven Dials, the entrance of the lifestyle brand spotlights Covent Garden’s position as a destination for international, high quality, fashion retailers. A ‘people-powered’ lifestyle brand, Axel Arigato…
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10 January
Greggs to open 160 new stores as FY23 sales rise
Greggs has revealed it plans to open between 140 and 160 new shops in 2024 as total sales in FY23 increased 9.6% to £1.8bn. The food-to-go retailer saw a 9.4% increase in like-for-like sales during Q4 of the year, which the company said was driven by the popularity of the…
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10 January
Sosandar revenues up 23% in record quarter of trading
Sosandar has welcomed a record quarter of trading over the festive period, with revenues soaring 23% to £14.3m in the three months ended 31 December 2023. Over the quarter, a strong performance was seen in October and November and this carried on into December, with all channels “continuing to perform…
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