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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Jun- 2023 -26 June
Supermarket leaders to be questioned over rising prices
Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food…
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23 June
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and…
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23 June
Hotel Chocolat expects to deliver marginal loss for FY23
Hotel Chocolat has announced that it anticipates to deliver an underlying marginal loss before tax for FY23, despite cash generation…
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23 June
Poundland accelerates grocery rollout
Poundland has today announced its plans to accelerate its grocery rollout to more stores across the country. The discount retailer…
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23 June
Bank holidays boost May retail sales
Retail sales volumes are estimated to have risen by 0.3% in May 2023, beating analysts’ forecasts amid a welcomed boost…
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23 June
Morrisons sales jump 3.1% to £3.7bn
Morrisons has revealed that its quarterly sales increased 3.1% to £3.7bn in the 13 weeks ending 30 April 2023, with…
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23 June
Unbound Group eyes restructuring plan as sale hopes falter
Unbound Group, the owner of Hotter Shoes, is reportedly mulling plans to commence a restructuring process as hopes of a…
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23 June
Boohoo sees shareholder unrest over executive pay
Boohoo is facing unrest amongst its shareholders after nearly a third of them voted against its remuneration report at its…
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23 June
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2%…
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23 June
Victoria’s Secret unveils new senior team appointments
Victoria’s Secret has announced key leadership appointments to “further advance its strategic pillars” of strengthening the core, and transforming the…
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