News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Nov- 2023 -3 November
Today’s news in brief-3/11/23
In October, footfall in the UK dropped by 5.7% year-on-year, with high streets experiencing a 4.6% decrease, compared to a -1.7% in September. Retail parks and shopping centres also saw declines of 4.3% and 7.3% respectively. England had the smallest drop at 5.3%, followed by Scotland at 1.4%, Wales at…
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3 November
Lidl is cheapest supermarket, Which? finds
Lidl GB has become the cheapest supermarket after coming top in a basket comparison conducted in October by Which?. The monthly analysis involves comparing the average prices of a shop consisting of popular groceries at eight of the UK’s biggest supermarkets. A basket of shopping at Lidl was over £10…
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3 November
Wickes maintains FY guidance as it increases market share
Wickes has said it is on track to meet its FY guidance, expecting an adjusted pre-tax profit of £45.3m to £49m for FY24, as its market share grew and like-for-like sales inched up 1.1% in Q3. This is despite a 0.2% decline that was attributed to negative 4.4% growth in…
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3 November
Walgreens Boots Alliance appoints chief information officer
Walgreens Boots Alliance (WBA) has appointed Neal Sample as its new executive vice president and chief information officer (CIO), effective immediately. Sample will report to Tim Wentworth, chief executive officer (CEO) of WBA, as a member of the executive committee and serve on the IT governance committee. He has been…
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3 November
Currys agrees to sell Greek and Cypriot business
Currys has announced that it has entered into an agreement to sell its Greek and Cypriot business Kotsovolos for an enterprise value of €200m (£175m). The deal follows the company’s strategic review which was announced on 16 June 2023 where the company decided that it should offload its Greek and…
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3 November
PrettyLittleThing founder posts interest in Topshop deal
PrettyLittleThing founder Umar Kamani has expressed his interest in buying TopShop from Asos. Commenting on X (FKA Twitter) on a report regarding the possible sale from Asos, Kamani wrote: “I would buy this and bring it back like the good old days.. rockin and rollin.” Kamani is a member of…
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3 November
October washout sees footfall drop 5.7% in October
Footfall decreased 5.7% in October as wet weather negatively impacted consumers’ willingness to visit UK highstreets, according to the latest data from MRI Springboard. It found that high street footfall decreased by 4.6% in October (YoY), down from -1.7% in September. Meanwhile, retail parks experienced a 4.3% decline, down from…
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2 November
Today’s news in brief-2/11/23
Sainsbury’s announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended September 16, 2023. The supermarket attributed the fall in profit before tax to non-cash…
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2 November
Trafford Palazzo celebrates Showcase’s four-week residency
Trafford Palazzo and Showcase are celebrating the brand’s four-week residency, with Showcase having made its North West debut at the UK’s first next generation retail and experience centre. Showcase ran four consecutive weekends of highly sought-after sample sales in Trafford Palazzo’s dedicated 6,960 sq ft white box promotional space, TP…
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2 November
BP opens new retail stores in North Yorkshire and West Sussex
BP has opened two new retail stores in Norton-on-Derwent, North Yorkshire, and in the village of Faygate in West Sussex, creating just under 50 new jobs across the two areas. The Norton-on-Derwent store, which opened on 18 October, will serve drivers travelling between the towns of Malton and Norton-on-Derwent, around…
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