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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Apr- 2025 -11 April
UK economy grows 0.5% in Feb
The UK economy grew by an unexpected 0.5% in February as manufacturing, retail and the services sector all helped contribute to the positive performance. Production output grew by 1.5% in February 2025, following a fall of 0.5% in January 2025 (revised up from a 0.9% fall in our previous publication),…
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11 April
Uniqlo owner ups forecast for third consecutive year
Fast Retailing Co, owner of Uniqlo, has revealed that it has upped its profit forecast for the third consecutive year as a result of strong sales both in its domestic market and key international regions. However, the Japanese retailer warned that it was still facing challenges in China which is…
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11 April
Topgolf Callaway to offload Jack Wolfskin brand in $290m deal
Topgolf Callaway Brands has announced that it has entered into an agreement to sell its Jack Wolfskin business to Anta Sports for a base price of $290m (£222m) in cash, subject to net working capital and other customary adjustments. The transaction is expected to close in the late second quarter…
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11 April
Met Police challenges Asda’s Park Royal redevelopment amid safety concerns
The Metropolitan Police is reportedly threatening to block Asda’s proposed mixed-use redevelopment in west London amid concerns over public safety.According to The Telegraph, the Met is demanding “hundreds of thousands” of pounds in developer contributions to fund dealing with the expected surge in residents and to help maintain the “safety…
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11 April
Footfall sees sharp 5.4% drop in March due to late Easter
Total year-on-year footfall in the UK dropped sharply by 5.4% in March, up from a 0.2% fall in February, according to BRC-Sensormatic data, which has been attributed to the timing of Easter later this April. Due to last year’s Easter falling in March, the calendar change has distorted the year-on-year…
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10 April
Today’s news in brief-10/4/25
Tesco has warned of lower profits in the coming financial year, forecasting between £2.7bn and £3.0bn, down from £3.13bn in FY24/25, citing increased price competition among UK supermarkets. Despite this, group sales rose 4% to £63.6bn, with UK market share reaching 28.3%, its highest since 2016. CEO Ken Murphy highlighted…
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10 April
Deliveroo Express launches in UK and Ireland with Tesco as first partner
Deliveroo has announced the launch of Deliveroo Express in the UK and Ireland, with Tesco as its first brand partner. Deliveroo Express is a new white label solution aimed at grocers and retailers to offer on-demand delivery directly through their own online channels. Deliveroo Express leverages Deliveroo’s logistics technology and…
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10 April
John Lewis invests in Home range with 30 new brand additions
John Lewis has announced that it is making “bold” investments in its own Home brand this spring, adding 30 new brands including Harlequin x Henry Holland, West Elm and By Hope, as well as a collaboration with design house Sanderson. It comes as the department store chain aims to “reinforce…
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10 April
Tesco warns of lower profits amid rise in price competition
Tesco has warned of lower profits in the coming year, following a rise in the “competitive intensity” across UK supermarkets over the last few months. In its latest preliminary results, it has forecast profits for FY 25/26 to be between £2.7bn and £3.0bn, down from the £3.13bn that has been reported…
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10 April
JD Sports FY PBT to meet expectations
JD Sports has revealed that it expects its FY26 profit-before-tax to be in line with analysts expectations at £920m, but has warned that the year will be “challenging” due to market volatility and tariffs. The retailer also expects its total revenue to grow around 10% due to the impact of…
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