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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Oct- 2023 -26 October
Some 88% of retailers expect sales boost from Black Friday
Some 88% of retailers are expecting Black Friday to have an impact on sales, closely followed by ‘Panic Saturday’ –…
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26 October
Vinted considers €200m share sale
Second-hand online marketplace Vinted is considering a secondary share sale of more than €200m (£174m) as it aims to be…
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26 October
Inditex signs €70m three-year recycled polyester agreement
Zara owner Inditex has formed a strategic partnership with Ambercycle, a Los Angeles based material science company, to help scale…
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26 October
Kering Q3 revenues fall 13% amid cooling luxury demand
Kering Group, the owner of luxury brands Gucci, Yves Saint Laurent and Bottega Veneta, revealed that group revenues were down…
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26 October
Very Group PBT plummets 92% to £4.6m
The Very Group has revealed that its profit before tax has dropped to £4.6m for the 52 weeks ended 1…
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26 October
Majestic Wine furthers expansion with two new openings
Majestic Wine has furthered its expansion plans after opening two new stores in the same week for the first time…
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25 October
Today’s news in brief-25/10/23
Asos has pushed back the release of its FY23 results to 1 November 2023, citing the need for its auditor,…
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25 October
One in three adults used BNPL services last year, Clearpay finds
Some 30% of British adults have used a Buy Now Pay Later (BNPL) service to make at least one payment…
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25 October
Frasers Group ups Boohoo stake to 16.5%
Mike Ashley’s Frasers Group has once again increased its stake in online retailer Boohoo and now holds a 16.5% share…
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25 October
Poundland to open 75 stores by end of December
Poundland has announced its plans to open or relocate 75 stores over the three months to the end of December.…
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