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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Feb- 2024 -5 February
Issa brother mulls sale of Asda stake
One of the Issa brothers is reportedly planning to offload his stake in Asda and instead focus on EG Group’s…
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5 February
Jeremy Hunt to review tourist tax ahead of Budget
Chancellor Jeremy Hunt has reportedly asked the Office for Budget Responsibility to look at whether the scrapping of VAT-free shopping…
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5 February
Ted Baker owner mulls CVA amid UK operator split
Authentic Brands, the owner of Ted Baker, is reportedly considering a number of cost saving options after terminating its relationship…
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2 February
Today’s news in brief-2/2/24
The overall percentage of UK-listed companies issuing profit warnings reached 18.2%, surpassing the levels observed during the 2008 financial crisis.…
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2 February
Fig & Fox opens at Festival Place
Local homeware and gifts retailer Fig and Fox has opened at retail and leisure destination Festival Place. The launch of…
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2 February
Mamas and Papas names new CFO
Mamas and Papas has announced the appointment of Sarah Ashby, Asda’s former finance executive, as its new chief financial officer. …
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2 February
Sainsbury’s boss to unveil new cost saving targets
Sainsbury’s boss Simon Roberts is reportedly set to unveil the next phase of its strategy next week which is thought…
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2 February
Norwegian hedge fund builds stake in Superdry
First Seagull, a Norwegian alternative investment fund, has built a 5.3% stake in Superdry as a result of its plummeting…
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2 February
Adidas to sell remaining Yeezy stock
Adidas has reported an operating profit of €268m (£229m) in 2023, compared with its previous guidance of a €100m (£85m)…
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2 February
Two in five FTSE retailers issued profit warnings last year
The percentage of UK-listed companies issuing profit warnings last year hit 18.2%, exceeding the levels seen at the peak of…
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