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 -1 November
Swatch to open store in Liverpool One
Swiss watch brand Swatch is set to open a new store in Liverpool One shopping centre. Joining the destination’s line-up…
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1 November
Rise in shoppers planning to spend more this Xmas, study finds
More UK consumers are planning to increase their Christmas spending this year compared with last year, signalling a competitive festive…
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1 November
Matches reports £33m loss in FY22
Matches, the modern luxury shopping destination, has posted an adjusted EBITDA loss of £33.7m for FY22. For the year ended…
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1 November
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen…
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1 November
Next lifts FY profit guidance despite autumn sales drop
Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in…
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1 November
Asos posts £296.7m loss before tax in FY23
Asos has announced a statutory loss-before-tax of £296.7m for the year ended 3 September 2023 down from a loss before…
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1 November
Secret Sales expands into Ireland
Secret Sales, a marketplace for off-price retail in fashion, sportswear and beauty, has announced its expansion into Ireland. According to…
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Oct- 2023 -31 October
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September,…
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31 October
Sainsbury’s unveils personalised Nectar prices
Sainsbury’s has launched personalised lower prices for Nectar Card users on its website and in-store under its ‘Your Nectar Prices’…
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31 October
Naked Wines appoints Rodrigo Maza as UK MD
Naked Wines has announced Rodrigo Maza as its new managing director for its UK business. Maza joins from AB InBev…
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