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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Aug- 2023 -21 August
Tesco becomes first retailer to cover period pant VAT
Tesco has reportedly become the first retailer to cover the cost of VAT on its period pant offering as part…
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21 August
M&S tech boss to leave despite recent promotion
M&S chief digital and technology officer Jeremy Pee is set to leave the company despite the fact his role was…
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21 August
Marquee Brands launches licensing agreement with BSI Apparel
Global contemporary menswear brand Ben Sherman has announced a new licensing agreement with BSI Apparel Limited, a subsidiary of Crew…
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21 August
TK Maxx owner ups profit guidance amid Q2 sales boost
The UK arm of TJX Companies, TK Maxx, has raised its profit guidance for the full-year following a 8% year-on-year…
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21 August
Waitrose and John Lewis offers free coffee to police to combat shop thefts
Waitrose and John Lewis is reportedly offering free hot drinks and discounted food to on-duty police officers who visit its…
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18 August
Armagh’s The Mall to undergo refurb under new management
The Mall Shopping Centre in the centre of Armagh centre, Northern Ireland, will undergo a refurbishment following its acquisition by…
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18 August
Poor weather drags down retail sales 1.2% in July
Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June…
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18 August
Tapestry sales falter amid waning demand in North America
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from…
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18 August
Farfetch profits and sales drop as its brand platform suffers
Farfetch has revealed its revenues decreased to $572.1m (£450.1m) from $579.3m (£455.7m) during Q2 2023, representing a year-over-year decrease of…
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18 August
H&M to phase out Myanmar suppliers after labour abuses probe
H&M has announced that it is planning to “gradually phase out” its operations in Myanmar following a report from the…
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