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 -16 November
JD upsizes store at Bullring & Grand Central
Hammerson has announced that JD has more than doubled its footprint at Bullring and Grand Central, after officially opening an…
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16 November
Burberry issues profit warning as luxury sales slow
Burberry has revealed its annual adjusted operating profits would be towards the lower end of its current consensus range of…
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16 November
Mars acquires Hotel Chocolat for £534m
Mars has agreed to a takeover of Hotel Chocolat in a deal which values the business at £534m. The cash…
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16 November
Dr. Martens appoints new chief brand officer from Apple
Dr. Martens has announced that non-executive director Ije Nwokorie will join as chief brand officer from 1 February 2024. On…
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16 November
Marks Electrical sees revenues rise to £53.9m
Marks Electrical Group has reported a 24.8% increase in revenues to £53.9m in H1 2024 compared with £43.1m in H1…
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16 November
Iceland posts £17m full-year loss amid soaring energy prices
Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global…
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15 November
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan…
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15 November
Matalan names former M&S digital boss as non-executive director
Matalan has named the former M&S chief digital and technology officer, Jeremy Pee, as its new non-executive director. Pee has…
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15 November
Sainsbury’s donates one million meals through Coronation Food Project
Sainsbury’s is donating one million fresh meals to support families in need this winter to mark the launch of a…
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15 November
Lower energy prices sees inflation drop to 4.6%
UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices. According…
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