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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Oct- 2024 -14 October
Zalando ups FY guidance as Q3 revenues hit £2bn
Zalando has revealed it has upped its full-year guidance after a strong third quarter of the year in which revenues…
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14 October
Frasers Group Sport MD to step down in November
Frasers Group has announced that Ger Wright will be stepping down from her role of managing director of sport on…
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14 October
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax…
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14 October
Bestseller profits up 8% to £594m
Danish fashion brand Bestseller has reported an 8% increase in profits to DKK 5.3bn (£594m) for the year to 31…
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14 October
Mulberry’s majority shareholder rejects increased Frasers bid
Mulberry’s majority shareholder Challice has turned down an increased bid of £111m from Frasers Group as it has “no interest…
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14 October
Selfridges’ property value falls by more than £600m
The value of Selfridges’ property portfolio plunged by more than £600m last year, according to The Sunday Times.The Times reported…
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11 October
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite…
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11 October
Under Armour opens biggest outlet store in Caledonia Park
Global sports apparel brand Under Armour has opened its biggest outlet store in Scotland at Caledonia Park. The retailer has…
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11 October
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially”…
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11 October
THG raises £95m to fund Ingenuity demerger
THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone…
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