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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Jul- 2023 -25 July
Amazon closes its first checkoutless store after two years
Amazon’s first Amazon Fresh store in the UK has closed, having opened just over two years ago. The till-less store…
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25 July
Wickes Q2 LFL sales up 3%
Wickes Group has announced that its like-for-like sales for the 13 weeks to 1 July were up 3%. Alongside this…
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25 July
Dobbies appoints new CEO
Dobbies Garden Centres has announced the appointment of David Robinson as its new chief executive officer. Robinson joins the business…
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25 July
Frasers owner makes £50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford,…
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24 July
Leading retail associations ask Ofgem to challenge hidden energy costs
Leading associations from sectors including retail have signed an open letter organised by leading not-for-profit energy consultancy Box Power CIC…
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24 July
Matalan expects profits to improve despite drop in revenues
Matalan has revealed it expects its FY24 EBITDA of £60m-£65m, up from £30.6m in FY23, despite seeing its revenues fall…
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24 July
Adidas receives $565m in orders for first batch of unsold Yeezys
Adidas has sold around 4 million Yeezy shoes for $565m ( £440.7m) in an online sale after serving ties with…
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24 July
Footfall drops by 3.5% amid July train strikes
As the RMT rail strike hit most of the UK on 20 July, footfall dropped by -3.5% from last week…
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24 July
UK retail M&A deals increase to a five-year high
The number of M&A deals targeting UK retailers has increased 23% over the last year, from 31 deals in the…
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24 July
Revolution Beauty faces FCA probe over market abuse
Revolution Beauty has revealed that the Financial Conduct Authority (FCA) has launched an investigation into the retailer over potential breaches…
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