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 -21 May
B&Q owner holds guidance as UK&I outperforms European arms
Kingfisher has announced that it will be maintaining its profit guidance after Q1 sales at B&Q in the UK and…
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21 May
Frasers Group eyes 50% stake in Crown Estate
Frasers Group is reportedly the frontrunner for the acquisition of a stake in Exeter’s Princesshay Estate and shopping centre, The…
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21 May
The Works expects return to profit amid cost-cutting plans
The Works is anticipating a return to profit in its new financial year, having reported flat sales for FY24, following…
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20 May
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn…
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20 May
Waitrose to open Gail’s bakery in-store
Waitrose Canary Wharf has announced it will become the first location with an in-store Gail’s takeaway bakery. The opening comes…
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20 May
Victorian Plumbing Group acquires Victoria Plum for £22.5m
Victorian Plumbing, the bathroom retailer, has announced the acquisition by Victorian Plumbing Limited, a subsidiary of the company, of the…
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20 May
British Land sells 50% Meadowhall stake for £360m
British Land has announced that it has sold its 50% stake in the Meadowhall shopping centre in Sheffield. The company…
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20 May
New Look to invest £3.3m in 20 Greater Manchester stores
New Look has announced a £3.3m investment to upgrade and improve its stores in Greater Manchester. The retailer will initially…
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20 May
M&S website and app hit by technical issue
Marks and Spencer’s website and app was down for several hours on Saturday (18 May) due to technical issues, the…
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20 May
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for…
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