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 -3 November
October washout sees footfall drop 5.7% in October
Footfall decreased 5.7% in October as wet weather negatively impacted consumers’ willingness to visit UK highstreets, according to the latest…
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2 November
Today’s news in brief-2/11/23
Sainsbury’s announced that it expects to hit the upper half of its full year guidance of between £670m and £700m…
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2 November
Trafford Palazzo celebrates Showcase’s four-week residency
Trafford Palazzo and Showcase are celebrating the brand’s four-week residency, with Showcase having made its North West debut at the…
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2 November
BP opens new retail stores in North Yorkshire and West Sussex
BP has opened two new retail stores in Norton-on-Derwent, North Yorkshire, and in the village of Faygate in West Sussex,…
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2 November
Sainsbury’s set to hit upper half of guidance despite PBT drop
Sainsbury’s has announced that it expects to hit the upper half of its full year guidance of between £670m and…
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2 November
Castore continues expansion drive with three store openings
Premium British sportswear brand, Castore, has continued to celebrate its successful expansion and rapid growth with new store openings both…
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2 November
Asos to mothball Lichfield warehouse amid falling profits
Asos is planning to mothball its second UK fulfilment centre in Lichfield next year, as part of efforts to cut…
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2 November
Zalando EBIT up 72% despite falling Q3 revenues
Zalando has reported that its EBIT increased 72% to €23.2m (£20.2m) during Q3, despite revenues and gross merchandise volumes falling…
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2 November
Profits and revenues surge at Kurt Geiger
British accessories brand Kurt Geiger has reported a 49% increase in EBITDA to £30m and a 31% increase in revenues…
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1 November
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic…
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