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Ikea profits rise despite sales falling 8.9% in FY24. Inter Ikea, owner of the Swedish furniture brand, has reported higher profits despite a decline…. Sainsbury’s CEO warns NI contributions will cause spike in prices. Sainsbury’s CEO Simon Roberts has warned that the rise in employer’s national insurance contributions announced….
Today’s news in brief-18/11/24 - Retail Sector
1 day ago · Today’s news in brief-18/11/24. Sephora is poised for an ambitious UK expansion, planning 20 new stores by 2027, doubling its physical footprint. CEO Guillaume Motte attributes renewed confidence in the UK market to an improved competitive landscape. The brand, which re-entered the UK in 2022 after a 17-year absence, currently operates six ...
Mulberry to ‘rebuild’ business after losses widen and sales plunge …
15 hours ago · Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as sales plummeted amid a period of “significant uncertainty” for the business. In the half-year ended 28 September 2024, revenues fell by 19% to £6.1m, with UK sales down by 14% to £31.1m, and international sales down by 7% to £19.5m.
Morrisons slashes debt by £2.4bn following restructuring
15 hours ago · Morrisons has announced a substantial reduction in its debt following a major restructuring process, lowering debt by £2.4bn. In an official announcement, the supermarket chain has confirmed that since the beginning of 2023 its debt fell from a peak of £6.2bn to £3.8bn. This includes a further repayment of an additional £200m.
Retailers warn National Insurance increase could cause job losses
15 hours ago · It comes as Tesco estimated that it would face an increase of around £1bn on its National Insurance bill. A number of large retailers have warned that the National Insurance increase could cause inflation and job losses, in a letter sent to chancellor Rachel Reeves. You'll need to subscribe to unlock this content.
News - Retail Sector
5 days ago · 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. Nov - 2024 -. 7 November.
Top 30 UK Retailers 2023-2024 - Retail Sector
Tesco’s Workforce: Tesco stands out as the largest employer in the UK retail sector with over 326,000 employees across 2,048 locations. This emphasizes its strong presence and operational scale in the country. Boots’ Financial Turnaround: Boots has made a remarkable recovery, with its profit before tax surging from £4 million to £60 million.
News - Retail Sector
Jul 25, 2022 · The latest company news and updates on retail, from the business journalists at Retail Sector. We write about retail often and in detail - read more here.
High Street News Segment - Retail Sector
High Street. The latest news, updates and analysis on the the British High Street and UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture. Nov - 2024 -.
Top 10 UK Retailers 2022-23 - Retail Sector
Welcome to Retail Sector’s Top 10 UK retailers for 2022-23. Tesco is the largest UK retailer by both turnover and number of employees.. Amazon comes in as the largest by EBIDTA although this is largely because of its global footprint.. Boots comes in at 10th place.