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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May- 2024 -1 May
Wickes maintains FY outlook despite LFL sales decline
Wickes has maintained its full-year profit guidance, despite overall like-for-like sales for the first 16 weeks to 20 April falling…
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Apr- 2024 -30 April
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the…
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30 April
AIS names interim director of fashion, toys and sport
Associated Independent Stores (AIS) has announced the appointment of Devlin Lindeque as its interim director of fashion, toys and sports. …
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30 April
Lidl announces plans to open hundreds of new sites
Lidl has unveiled plans to open hundreds of new stores across the country, creating thousands of new jobs. This follows…
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30 April
Frasers buys back Matches IP from administration
Frasers has announced that it has reached an agreement with the administrators of Matches Fashion to acquire certain intellectual property…
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30 April
Barclay family’s Abu Dhabi backers plan Very sale
The Barclay family’s Gulf-based backer Redbird IMI is reportedly planning a sale of Very Group as it seeks to unwind…
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30 April
Fifth of Ocado shareholders vote against CEO bonus
Amost a fifth of Ocado shareholders voted against a new pay scheme that would see co-founder and CEO, Tim Steiner,…
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30 April
Shop Price annual inflation falls to 0.8% in April
Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs…
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30 April
Morrisons completes £2.5bn petrol forecourts sale to MFG
Morrisons has successfully closed the sale of 337 Morrisons’ petrol forecourts and more than 400 associated sites on the Morrisons’…
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30 April
Card Factory profits soar 25% amid strong store trading
Card Factory has welcomed a strong year of trading, as pre-tax profit soared 25% to £65.6m in FY24, largely boosted…
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