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 -14 August
Basic food costs increases to more than 30% in two years
The cost of some basic food prices has reportedly seen a sharp rise of more than 30% in the past…
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14 August
Tesco to stock more own-brand items in Express stores
Tesco has announced a “major overhaul” to the range of products stocked in its Express stores, in a move that…
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14 August
Sweaty Betty owner lowers outlook amid Q2 revenue decline
Sweaty Betty owner, Wolverine Worldwide, has lowered its revenue and earnings outlook as it experienced a decline of 17.4% in…
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11 August
Frasers Group to open flagship Sports Direct in Sheffield
Frasers Group has taken over 180,000 sq ft of retail space in Meadowhall shopping centre, Sheffield, which includes a former…
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11 August
Ralph Lauren reaffirms guidance as revenues edge up to $1.5bn
Luxury retailer Ralph Lauren has revealed it expects FY revenues to meet expectations of low single digit growth as its…
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11 August
Oxford Street crime wave driven by decline, says M&S chief
Sacha Berendji, operations director at M&S, has told the Telegraph that the recent surge in crime rates on London’s Oxford…
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11 August
Aldi lowers prices on over 30 products
Aldi has cut prices of more than 30 household grocery staples, marking the latest of more than 130 prices that…
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11 August
Tapestry acquires Versace owner for $8.5bn
The owner of Coach, Kate Spade and Stuart Weitzman, Tapestry Inc, has announced its acquisition of Capri Holdings, a global…
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11 August
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for…
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10 August
Bookshop.org hits £3m profit for indie bookshops
Bookshop.org, the self-described “ethical book-buying alternative to Amazon”, has revealed it has generated £3m in profit since its launch for…
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