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 -2 November
Sainsbury’s set to hit upper half of guidance despite PBT drop
Sainsbury’s has announced that it expects to hit the upper half of its full year guidance of between £670m and…
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2 November
Castore continues expansion drive with three store openings
Premium British sportswear brand, Castore, has continued to celebrate its successful expansion and rapid growth with new store openings both…
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2 November
Asos to mothball Lichfield warehouse amid falling profits
Asos is planning to mothball its second UK fulfilment centre in Lichfield next year, as part of efforts to cut…
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2 November
Zalando EBIT up 72% despite falling Q3 revenues
Zalando has reported that its EBIT increased 72% to €23.2m (£20.2m) during Q3, despite revenues and gross merchandise volumes falling…
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2 November
Profits and revenues surge at Kurt Geiger
British accessories brand Kurt Geiger has reported a 49% increase in EBITDA to £30m and a 31% increase in revenues…
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1 November
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic…
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1 November
Black Friday spending to halve due to cost-of-living crisis
Overall spending per person over Black Friday is due to fall from £168.18 in 2021 back to the 2020 average…
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1 November
Swatch to open store in Liverpool One
Swiss watch brand Swatch is set to open a new store in Liverpool One shopping centre. Joining the destination’s line-up…
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1 November
Rise in shoppers planning to spend more this Xmas, study finds
More UK consumers are planning to increase their Christmas spending this year compared with last year, signalling a competitive festive…
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1 November
Matches reports £33m loss in FY22
Matches, the modern luxury shopping destination, has posted an adjusted EBITDA loss of £33.7m for FY22. For the year ended…
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