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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Oct- 2024 -23 October
Chancellor considers Amazon tax in bid to boost British high streets
Chancellor Rachel Reeves is reportedly mulling plans to impose higher taxes on Amazon as part of a shake up that…
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22 October
Today’s news in brief-22/10/24
Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear…
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22 October
Oliver Bonas and ProCook to open new shops at Ashley Centre
British lifestyle store Oliver Bonas and kitchenware brand ProCook have signed for new shops at the Ashley Centre, Epsom’s shopping…
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22 October
Mulberry board backs decision to reject Frasers bid
The board of Mulberry has backed the decision by majority shareholder Challice to reject the improved £111m takeover bid from…
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22 October
Wickes sales jump 4.2% to £312.1m in Q3
Wickes has delivered stronger sales and a volume growth in retail, with LFL sales up 4.2% to £312.1m for the…
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22 October
Gear4music returns to revenue growth in Q2
Gear4music, an online retailer of musical instruments and music equipment, has revealed it returned to revenue growth during its second…
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22 October
Ocado eyes former Microsoft exec for chairman role
Ocado Group reportedly has plans to recruit former Microsoft executive, Adam Warby, as its next chairman to replace Rick Haythornthwaite,…
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22 October
Halfords sales flat in H1 as consumers remain cautious
Halfords has reported broadly flat revenues in the first half of FY25, with group sales down by 0.1% as consumers…
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22 October
Sosandar HY losses narrow to £0.7m
Women’s fashion brand Sosandar has revealed that its losses narrowed to £0.7m, from a loss of £1.3m, for the six-month…
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21 October
Today’s news in brief-21/10/24
Frasers Group has agreed to sell its 20.3% stake in N Brown for £191m to Falcon 24 Topco Limited, owned…
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