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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Aug- 2019 -1 August
Westfield’s UK net rental income down 3.1% amid Brexit ‘uncertainty’
Shopping centre giant Westfield has reported a 3.1% decrease in net rental income for its UK operations, covering the half year period ending 31 July. In the trade update, the landlord conglomerate said vacancy stood at 8.7%, primarily driven by some non-renewals,the impact of retailer bankruptcies, and the delays in…
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1 August
Zalando raises profit forecast amid ‘strongest ever’ Q2
Online retailer Zalando has raised its profit outlook for the second half of the year after it recorded its “strongest ever” Q2 for active customer growth. The company revealed its number of active customers “grew significantly” by 3.7 million (15.2%) year-over-year to 28.3 million across its 17 European markets. In…
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Jul- 2019 -31 July
Intu reports 7% drop in rental income amid ‘challenging’ first half
Shopping centre owner Intu has reported a 7.7% decrease in net rental income during a “challenging” first half of the year and said it expects a similar result for the rest of 2019. During the first six months of the year ending 30 June its rental income fell to £205.2m…
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31 July
Games Workshop revenues exceed £250m in full year results
Fantasy miniatures retailer Games Workshop has reported a 16% increase in revenues to £256.5m for the year ending 2 June 2019. Games Workshop revealed operating profit also increased by £6.8m to £81.1m, and retail sales grew by 7% in the year (7% at constant currency), aided by additional growth from…
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31 July
Next raises profit forecast after ‘better than anticipated’ Q2
Clothing and home retailer Next has increased its full-year profit by £10m to £725m +0.3% on last year. The increase is expected to add up to £20m extra profits after expenses. Full price sales in the first half of the year up to 27 July, were up 4.3% on last…
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31 July
Consumer confidence increases by two points in July
Consumer confidence rose by 2 overall to -11 for the month of July, according to GFK’s Consumer Confidence Index. Personal finance situation for the next 12 months continues to recover, +5 for the month, matching the same period last year. The major purchase index increased six points in July to…
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30 July
Centre manager appointed for upcoming Waterloo development
Commercial Developer LCR has appointed Lynne Glover as centre manager for its new development Waterloo.London. She brings over 30 years’ experience in the retail industry, joining from Angel Central Shopping Centre, where she acted as centre manager for nine years. She previously worked for CBRE, Savills, Debenhams and Buro Four.…
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30 July
Cath Kidston global commerce director joins Boots
Lynn Ritson, global commerce director at fashion and lifestyle brand Cath Kidston has left the company after five years, to join Walgreens Boots Alliance as its new global digital editor. Ritson previously worked at Karen Millen for three years as e-commerce director and then brand communications director from 2012-2014. Ritson…
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30 July
Grant Thornton set to quit as Sports Direct auditor
Accountancy firm Grant Thornton is reportedly set to quit as the auditor to Mike Ashley’s Sports Direct following concerns over the revelations of a €674m (£605m) tax bill. According to the Financial Times, the auditor has told UK regulator The Financial Reporting Council of its intention to step down, citing…
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29 July
Sports Direct hit with €674m tax bill from Belgian authorities
Shares in sports fashion retailer Sports Direct plummeted by as much as 27% to 166.6p in early trading today, later recovering to 208p, following its chaotic results announcement last Friday (26 July). The results were expected to have been announced at 7am ahead of the market opening, less than an…
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