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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Jan- 2023 -19 January
Dunelm sales surge 18% in Q2
Dunelm has revealed that its total sales reached £478m in Q2, which was 18% higher than in the same period last year and an increase of 48% compared with pre-pandemic levels. For the period ending 31 December 2022, the group attributed its performance to customer demand for its Autumn and…
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19 January
Dr Martens warns on profits amid US disruption
Dr Martens has warned that its profits and revenues could drop after it faced “significant operational issues” at its new distribution centre in Los Angeles. The retailer has blamed people and process errors which caused a stock bottleneck. It has opened three temporary facilities to deal with the issue. The…
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19 January
Boohoo revenues drop 11%
Boohoo has revealed its revenues dropped 11% to £637.7m in the three months to 31 December, in line with the online fashion retailer’s previous guidance. UK revenues declined by 11% year-on-year while international revenues fell by 10% after trade was “impacted by extended delivery times compared to pre-pandemic levels”. Boohoo…
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18 January
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were offset by the rising price of food which meant the figure remained close to its previous 40-year high. The latest figures, from The Office For National Statistics (ONS), show that…
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18 January
Aldi increases pay rates for warehouse workers
Aldi has announced that it is increasing its pay rates for around 7,000 warehouse workers across the UK from 1 February 2023. Following two pay increases for hourly-paid warehouse colleagues in 2022, this further rise means colleagues will be paid up to 20% more than at this time last year.…
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18 January
Burberry sales rise 1% amid Chinese ‘covid disruption’
British retailer Burberry has announced that its like for like sales only grew 1% for the 13 weeks ended 31 December 2022 as a result of covid related disruptions in China. When excluding China, the company’s sales rose 11%. Sales in the EMEIA region increased 19%, driven by sales to…
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18 January
Inquiry launched into Asda’s takeover of Co-op forecourt business
The Competition and Markets Authority (CMA) has launched an investigation into Asda’s acquisition of Co-op’s petrol forecourt business. Last year, Co-op agreed to sell the business to Asda in a £600m deal. The transaction included 132 grocery retail sites with attached petrol stations. At the time, Asda said the move…
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18 January
WH Smith revenues up 41% amid strong travel sales
WH Smith has seen total revenues rise by 41% over the 20 week period ending 14 January 2023, with revenues also up by 20% against its pre-pandemic trading results as travel sales picked up. The group attributed its “strong” performance to its UK travel business, which saw total revenue increase…
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17 January
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year sales outturn. During the full-year period ended 31 December 2022, the online retail group said the guidance comes despite record sales of £2.25bn, boosted by +9.4% increase in THG Beauty…
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17 January
Lush sales soar 13.1% in December
Lush UK and Ireland has announced sales of £40.5m in December, exceeding forecasts and beating 2021’s sales by 13.1%, and up 11% versus pre-pandemic sales in 2019. Throughout the year, Lush invested £7.4m in growing its retail estate across UK and Europe through new shops, relocations and refits, with the…
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