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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Dec- 2023 -15 December
THG launches sustainability partnership PACT
THG has announced the launch of THG Partnership in Action, or PACT, a new initiative focused on collaboration with suppliers…
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15 December
Consumer confidence improves during December
Consumer confidence improved two points during December to -22 as sentiment improved ahead of Christmas. All five measures were up…
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15 December
Amazon wins £215m EU tax battle
Amazon has won its case against the EU Commission over a £215m tax battle in the European Court of Justice.…
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15 December
Sosandar appoints new non-exec chairman
Sosandar has announced the appointment of Nick Mustoe as non-executive chairman. Mustoe has been interim non-executive chairman since 16 March…
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15 December
Currys boss criticises gov’s minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to…
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15 December
Naked Wines H1 sales fall 20% as losses widen
Naked Wines total revenues fell by 20% to £132.3m during the six months ended 2 October, while its pre-tax losses…
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14 December
Today’s news in brief-14/12/23
Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding as it faces financial challenges. Farfetch, once…
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14 December
Piglet in Bed opens first store in Harrogate
The British bedding and lifestyle brand, Piglet in Bed, has opened its first store in Harrogate this December. The retailer,…
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14 December
Bullring & Grand Central welcomes new retail openings
Hammerson has announced a flurry of new openings at Bullring and Grand Central, the culmination of a transformational year for…
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14 December
Currys maintains FY guidance despite half-year loss
Currys has maintained its full-year guidance despite reporting a pre-tax loss of £16m in its half-year results, which was in…
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