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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Oct- 2023 -11 October
LVMH sees revenues rise to €19.96bn in Q3
Luxury goods group Moët Hennessy Louis Vuitton (LVMH) has posted reported revenues of €19.96bn (£17.25bn), up 9% year on year,…
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11 October
BRC backs Labour shoplifting stance
The British Retail Consortium (BRC) has backed the Labour party’s stance on shoplifting and violence against retail staff. Sir Keir…
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11 October
Travis Perkins cuts guidance amid slowdown in trading
Travis Perkins has lowered its full-year guidance after facing challenging market conditions and a “pronounced slowdown” in new build housing…
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11 October
Selfridges losses narrow as consumers return to department stores
Selfridges has revealed that losses at the company have narrowed for the year ended 28 January 2023 to £38.3m, down…
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11 October
Currys to consider offers for Greek business
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in…
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10 October
Today’s news in brief-10/10/23
Grocery price inflation has fallen for the seventh consecutive month, reaching 11% for the four weeks ending on October 1,…
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10 October
Poundland to open nine more converted Wilko stores
Poundland has confirmed another nine former Wilko stores have been converted and will open their doors the upcoming weekend. The…
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10 October
Superdrug to hire 1,000 sales assistants ahead of Christmas
Superdrug is looking to hire an additional 1,000 sales assistants for the golden retail quarter, which includes Black Friday, Advent…
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10 October
Mamas and Papas expands in South East Asia
Mamas and Papas, the high street nursery brand, has announced a series of new partnerships with retailers in South East…
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10 October
UK retail sales growth slows to 2.7% in September
UK total retail sales growth slowed to 2.7% in September, compared to 2.2% in September 2022, according to the BRC. …
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