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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Jan- 2024 -9 January
Boohoo eyes closure of Leicester factory
Boohoo Group is looking to close its Thurmaston Lane factory in Leicester in favour of relocating its operations, Drapers has…
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9 January
B&M sales rise 5% to £1.6bn in Q3
B&M has reported that year-on-year revenues rose by 5% to £1.6bn in Q3 2024. In the 14-week period to 30…
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8 January
Today’s news in brief-8/1/24
The UK retail sector faced challenges as almost 120,000 jobs were lost and over 10,000 stores closed, according to data…
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8 January
Nisa announces £1m price drop campaign
Nisa has recently announced a £1m price drop campaign to lower the wholesale selling price (WSP) of hundreds of products,…
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8 January
Majestic sales rise 8.1% in run-up to Christmas
Majestic has experienced its “best ever” Christmas trading period after recording a 8.1% increase in total sales in the eight…
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8 January
£90m Oxford Street revamp project to begin in autumn
Westminster City Council has greenlit the £90m renovation of Oxford Street and has set to move the programme forward with…
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8 January
Sandersons sales grow 5% to £7m in 2023
Sandersons Boutique Department Stores has reported a 5% retail sales growth in 2023 across the company’s three bricks and mortar…
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8 January
iSmash eyes sale amid growing losses
iSmash is reportedly exploring a possible sale of the business after its auditors warned of a “material uncertainty” over its…
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8 January
Matalan invests £35m to lower prices
Matalan has announced that it has invested £35m to cut prices on over 700 products amid the ongoing cost of…
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8 January
120,000 retail jobs lost in 2023
Almost 120,000 retail employees lost their jobs in 2023 after more than 10,000 shops shuttered over the year, according to…
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