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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Mar- 2024 -19 March
Ikea introduces new round of price cuts ahead of Easter
Ikea has announced its next wave of price cuts on hundreds of its most popular items ahead of the Easter…
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19 March
Asda launches new staff benefits as it confirms pay rise
Asda has launched two new benefits for staff and confirmed that its proposal to raise retail pay rates to £12.04…
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18 March
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces…
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18 March
Hype to target kids and families with new travel product range
Hype has announced its new growth strategy, which will centre around a product range of travel accessories aims at kids…
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18 March
Central Co-op raises hourly pay amid further benefits for employees
Central Co-op has announced significant investments in its employees by raising minimum pay to £12 an hour, alongside paid breaks…
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18 March
Saudi PIF and Kering eye Selfridges stake
Saudi Arabia’s Public Investor Fund (PIF) and Gucci owner Kering are reportedly considering a stake in luxury department store Selfridges…
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18 March
Currys ups profit guidance after takeover bid fails
Currys has revealed that it expects its full-year pre-tax profit to be “at least £115m” after predicting it would land…
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18 March
M&S nears banking ‘superapp’ agreement with HSBC
M&S is in talks to finalise an agreement with HSBC to establish a new banking and loyalty “superapp”, according to…
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18 March
Naked Wines drafts in advisors to explore refinancing options
Naked Wines has reportedly drafted in debt advisers to explore refinancing options after the group was hit by difficult trading…
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18 March
Sainsbury’s CEO apologises as tech issues hit online deliveries
Sainsbury’s CEO Simon Roberts has apologised to the supermarket’s customers after a software glitch impacted contactless payments, leaving thousands without…
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