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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Nov- 2023 -16 November
Marks Electrical sees revenues rise to £53.9m
Marks Electrical Group has reported a 24.8% increase in revenues to £53.9m in H1 2024 compared with £43.1m in H1…
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16 November
Iceland posts £17m full-year loss amid soaring energy prices
Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global…
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15 November
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan…
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15 November
Matalan names former M&S digital boss as non-executive director
Matalan has named the former M&S chief digital and technology officer, Jeremy Pee, as its new non-executive director. Pee has…
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15 November
Sainsbury’s donates one million meals through Coronation Food Project
Sainsbury’s is donating one million fresh meals to support families in need this winter to mark the launch of a…
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15 November
Lower energy prices sees inflation drop to 4.6%
UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices. According…
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15 November
UK supermarkets sales rise 8.7% despite cautious consumer spending
Total Till sales at UK supermarkets increased 8.7% in the last four weeks ending 4 November 2023, according to new…
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15 November
Thai investor takes control of Selfridges
Central Group, the co-owner of Selfridges, has taken control of the department store after fellow key shareholder Signa Group was…
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15 November
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while…
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15 November
Joe Browns appoints new chairman
Joe Browns, the Leeds-based fashion and home retailer, has announced that Michael Truluck had joined as chairman with immediate effect.…
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