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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Apr- 2024 -23 April
JD Sports to acquire Hibbett in £899m deal
JD Sports has today (23 April) announced the acquisition of US sports brand Hibbett for £899m. The deal represents an…
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22 April
Today’s news in brief-22/4/24
Investors from the Middle East and China are eyeing Selfridges following Signa’s financial struggles, leading to restructuring and insolvency. Central…
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22 April
Gloucester Quays footfall rises 7% in FY24
Gloucester Quays has revealed a record period of sales and footfall performance up 11% and 7% respectively. The outlet is…
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22 April
Ocado shareholders call for switch to New York stock market
Ocado is reportedly facing pressure from shareholders to abandon the London stock exchange in favour of the New York market,…
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22 April
Tesco boss to receive record £10m pay packet
Tesco’s chief executive Ken Murphy is set to receive a £10m pay this year, according to The Times. The unprecedented…
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22 April
Asda profits soar 24% to £1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth…
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22 April
Middle East and Chinese investors eye up Selfridges
Investors from the Middle East and China are reportedly eyeing up Selfridges amid the financial troubles of its Austrian co-owner…
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22 April
TikTok Shop launches new ‘Preowned Luxury’ category
TikTok has announced the launch of the ‘Preowned Luxury’ category on TikTok Shop, which will enable the community to browse…
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19 April
Today’s news in brief-19/4/24
Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials…
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19 April
Mint Velvet to open new store at centre:mk
British womenswear brand Mint Velvet has announced it will open a key regional store at centre:mk in Milton Keynes. Set…
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