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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Sep- 2023 -1 September
John Lewis launches online Christmas shop
John Lewis has launched its online Christmas shop on the company’s website. According to a recent survey 28% of customers…
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1 September
Superdry falls to £148m loss in FY23
Superdry swung to a loss of £148.1m in the year ended 29 April, down from a profit of £22.4m the…
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1 September
Revolution Beauty names new CEO as FY losses narrow
Revolution Beauty has reported that its pre-tax losses have narrowed to £33.9m for the year ended 28 February 2023, as…
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1 September
Lululemon sales rise 18% to $2.2bn in Q2
Athletic wear brand Lululemon has reported an 18% rise in sales to $2.2bn (£1.74bn) in Q2 2023. Gross profit was…
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1 September
Lidl unveils further pay increase for staff
From today, 24,500 Lidl GB employees will receive one of the highest hourly wages in the sector, receiving up to…
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1 September
Asda appoints new chief customer officer
Asda has announced that David Hills has joined the supermarket today (1 September) as its new chief customer officer. Hills…
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Aug- 2023 -31 August
M&S launches legal challenge against Marble Arch decision
M&S has launched a legal challenge to Michael Gove’s decision to block it from demolishing its flagship store in Marble…
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31 August
Wilko redundancies to begin as rescue talks collapse
Hundreds of redundancies are set to begin at Wilko after last-minute rescue talks with potential buyers fell through, its administrator…
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31 August
Asda owners eye £500m property deal
The Issa brothers could reportedly offload a further “chunk” of Asda’s property portfolio to an Australian finance house in a…
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31 August
Uniqlo owner unveils senior team changes
Fast Retailing, the Japanese multinational retail company behind Uniqlo, has appointed its current executive director and chairman Tadashi Yanai as…
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