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- 2025 -10 January
Uniqlo’s owner revenues rise 10% to £4.6bn in Q1
Fast Retailing, the owner of Uniqlo, has reported a 10.4% revenue increase to 895.1bn yen (£4.6bn) during the three months ended on 30 November 2024. The group, which also owns the GU brand, saw a 21% increase in pre-tax profits to 196.6bn yen (£1bn) during the period. Meanwhile, operating profit…
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10 January
Future Stores appoints its first sales director
Future Stores has announced the appointment of Oliver Murray as its first sales director. Murray has over 20 years of experience in commercial sales and is hailed as a “retailtainment” champion. He previously worked as a partnership director at Darabase, an immersive experience specialist, and prior to that he was…
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10 January
US retailer Macy’s to shutter 66 department stores
US department store group Macy’s has confirmed this week the closure of 66 of its non-go-forward store locations. News of the closures are part of the group’s ‘Bold New Chapter’ strategy, which was first announced in February 2024. According to the retailer, the new strategy aims to return Macy’s to…
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10 January
Sainsbury’s to raise staff pay after Christmas sales increase
Sainsbury’s has announced that it is set to increase staff pay after it saw its sales rise 3.7% for the 16 weeks ended 4 January 2025. Alongside this, Sainsbury’s saw its festive period sales rise 3.8% in the 6 weeks ended 4 January. As a result, the supermarket will split…
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10 January
Tala appoints Jon Wetherell as new creative director
The fast-growth, active inspired brand Tala is delighted to announce the appointment of Jon Wetherell as creative director. Previously creative director at The Net-A-Porter Group and Boden, Wetherell joins Tala with a wealth of experience in guiding creative teams and delivering iconic campaigns. Wetherell has also lent his expertise as…
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10 January
Shein’s London IPO to happen by mid-year
Shein is reportedly planning to list in London in the first half of the year, according to sources that have spoken to Reuters. If the move gains regulatory approval, an IPO could be completed as early as Easter on 20 April, one source said. A second source told Reuters that Shein…
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9 January
Today’s news in brief-9/1/25
The BRC-Nielsen IQ Shop Price Index showed shop price deflation at 1% in early December, up from 0.6% the previous month, reflecting strong discounting tied to a later Black Friday. Non-food prices fell sharply by 2.4%, though food inflation remained steady at 1.8%, its lowest since December 2021. BRC CEO…
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9 January
Miniso to open new store at The Liberty Romford
Miniso is set to open a new shop inside Redical-operated shopping destination The Liberty Romford. Miniso will unveil its new 2,270 sq ft store this spring marking a London borough debut in Havering, following a successful pop-up activation which launched in December. From collections featuring Hello Kitty and Friends, Lilo…
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9 January
Hornby sales rise by 7% in Q3
International models and collectibles group, Hornby, has seen its sales rise 7% for the third quarter to 31 December 2024. It comes despite the British Retail Consortium reporting that UK non-food sales decreased by 1.5% compared with the same period the year before. For the financial year to date, group…
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9 January
B&M shares fall as it lowers guidance
B&M has seen its shares fall 12% in early trading after it warned of a difficult trading period ahead, despite seeing its revenues surging 3.5% during the 13-week period from 29 September 2024 to 28 December 2024. It comes as its UK arm experienced a 2.8% increase in sales to…
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