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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Jan- 2024 -2 January
In The Style founder steps down as CEO
Adam Frisby, the founder of In The Style, has announced that he is stepping down from his role as CEO,…
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2 January
Uniqlo UK boss to cut prices to attract more shoppers
Uniqlo’s UK boss, Alessandro Dudech, has vowed to cut prices as inflation eases out as it seeks to attract more…
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Dec- 2023 -22 December
Today’s news in brief- 22/12/23
Nike has announced a cost-saving plan of $2bn over the next three years and revised down its sales forecast. This…
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22 December
Tesco predicts record demand for no and low alcohol drinks
Shoppers are set to create record demand for no and low alcohol beer, wines and spirits this Christmas, according to…
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22 December
ScS shareholders approve £99m Poltronesofà deal
ScS has announced that its shareholders have voted in favour of the group’s £99m takeover by Italian firm, Poltronesofà. At…
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22 December
UK retail sales rise 1.3% in November
Retail sales volumes are estimated to have increased by 1.3% in November 2023, from no growth (revised from a fall…
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22 December
Nike lowers sales forecast amid $2bn cost savings plan
Nike has announced that it is set to make cost savings of $2bn (£1.57bn)across the next three years and has…
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21 December
Today’s news in brief-21/12/23
Frasers Group has confirmed its acquisition of the Matches business from MF Intermediate Limited in a deal estimated at £52m.…
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21 December
Nike Rise to open at Trinity Leeds in 2024
Nike has announced that it will bring its concept store, Nike Rise, to Trinity Leeds next year. The retailer will…
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21 December
4,500 retailers in critical financial distress, new data reveals
Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…
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