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 -5 October
Victoria Plumbing revenues rise 6% in FY23
Victoria Plumbing revenues have increased by 6% in the year ended 30 September, largely due to an increase in order…
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5 October
Asda signs TCS deal to overhaul IT operating model
Asda has signed a multi-year partnership with Tata Consultancy Services (TCS) to support its digital transformation and implement a new…
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5 October
Oxford Street American candy store numbers drop amid council crackdown
The number of American candy stores on Oxford Street has dropped from 29 to 21 following a crackdown by Westminster…
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5 October
Hoka opens news London flagship store in Covent Garden
Hoka, a division of Deckers Brands, has announced the launch of its first ever retail location in Europe at Shaftesbury…
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5 October
ON aims to double net sales in three years
Swiss running retailer ON has announced its target to double its net sales 2026 to at least £3.19bn. The company…
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4 October
Today’s news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The…
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4 October
JD opens flagship store at Ashley Centre
CBRE Investment Management has announced the opening of JD’s 4,453 sq ft regional flagship at the Ashley Centre, Epsom. Located…
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4 October
Borough Yards bolsters beauty offering with two new arrivals
The retail and leisure district in London, Borough Yards, has announced the arrival of Ted Baker-owned barbers Ted’s Grooming room…
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4 October
Tesco raises forecast amid strong H1
Tesco has reported adjusted operating profits of £1.3bn in the UK, an increase of 17.2%, as like-for-like sales across the…
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4 October
Wilko store deals at risk as new owners renegotiate leases
The proposed rescue deals for over 100 Wilko stores could reportedly be at risk as the new owners try to…
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