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 -1 November
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen…
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1 November
Next lifts FY profit guidance despite autumn sales drop
Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in…
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1 November
Asos posts £296.7m loss before tax in FY23
Asos has announced a statutory loss-before-tax of £296.7m for the year ended 3 September 2023 down from a loss before…
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1 November
Secret Sales expands into Ireland
Secret Sales, a marketplace for off-price retail in fashion, sportswear and beauty, has announced its expansion into Ireland. According to…
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Oct- 2023 -31 October
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September,…
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31 October
Sainsbury’s unveils personalised Nectar prices
Sainsbury’s has launched personalised lower prices for Nectar Card users on its website and in-store under its ‘Your Nectar Prices’…
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31 October
Naked Wines appoints Rodrigo Maza as UK MD
Naked Wines has announced Rodrigo Maza as its new managing director for its UK business. Maza joins from AB InBev…
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31 October
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since…
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31 October
Shein appoints ex-PLT buying director as chief product officer
Shein has recently appointed Gemma Dunne to the recently-created role of chief product officer, according to Drapers. Formerly PrettyLittleThing buying…
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31 October
N Brown appoints new Simply Be general manager
Fashion and homeware digital retailer N Brown Group plc has announced the appointment of Heidi Kenyon-Smith as the new general…
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