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 -22 May
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes…
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22 May
Superdry announces restructuring measures to avoid administration
Superdry has revealed its capital and restructuring measures to avoid running an emergency four-week sale process. Earlier in April, the…
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22 May
THG shareholder to vote against chair reappointment
An activist investor in THG is reportedly set to vote against the reappointment of chair Charles Allen as it criticised…
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21 May
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths…
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21 May
Topps Tiles sees profits and sales fall amid ‘weak market’
Topps Tiles posted a loss before tax of £1.5m for the 26 weeks ended 30 March 2024 as it faced…
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21 May
Shoe Zone profits remain flat amid rise in revenues
Shoe Zone has reported that its adjusted profit before tax remained flat at £2.5m for the 26 weeks to 30…
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21 May
Zuber Issa set to acquire EG Group UK arm
Zuber Issa is set to acquire the UK arm of EG Group showing further signs of the Issa brothers business…
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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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