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 -16 August
EG Group offloads 63 convenience stores in the US
EG America, a subsidiary of EG Group, has agreed to sell 63 of its US convenience stores to convenience store…
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16 August
Asda sales up 9.6% to £5.4bn in Q2
Asda saw like-for-like sales increase 9.6% to £5.4bn in the second quarter, a 1.8% increase on the previous quarter as…
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15 August
Supermarket sales slow as inflation falls
Overall take-home grocery sales increased by 6.5% in the four weeks to 6 August 2023, down from 10.4% last month,…
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15 August
M&S expects FY profit growth as it ups market share
M&S has stated that it expects to see profit growth for the full year after seeing continued market share growth…
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15 August
Wilko competitors consider bids for its estate
Wilko’s non-food market competitors Poundland, B&M, The Range and Home Bargains are reportedly among the companies looking to settle a…
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15 August
L’Occitane owner considers taking group private
The owner of L’Occitane is considering taking the business private in a move that has seen shares in the cosmetics…
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15 August
Summer holidays sees high street footfall up 4.8%
Footfall across all UK retail destinations increased by 0.7%, driven by high streets where footfall rose by +4.8% from the…
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14 August
Bird and Blend Tea Co. to open 15th store in Edinburgh
Independent tea company, Bird and Blend Tea Co., will be opening its 15th retail store in Edinburgh tomorrow (15 August),…
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14 August
John Lewis chief outlines buy now pay later ambition
John Lewis chief executive Nish Kankiwala has revealed that the retailer is looking into developing a buy now pay later…
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14 August
Tourist tax hits London spending despite rise in visitors
Despite tourist numbers continuing to recover in 2023, the spending gap has widened compared to pre-pandemic levels, according to new…
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