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 -17 August
Costco to open 14 new stores
Bargain retailer Costco is reportedly set to open 14 new stores across the UK, according to The Sun. The outlet…
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17 August
Birkenstock UK profits fall despite jump in revenues
Birkenstock has revealed that its profits fell 12% to £3.9m in the sandal brand’s UK division for the year to…
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17 August
Aldi to hire more than 1,700 employees amid expansion drive
Aldi is looking to hire more than 1,700 people in its warehouses by the end of the year as part…
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16 August
Harvey Nichols CEO to step down
The CEO of Harvey Nichols, Manju Malhotra, has quit after 25 years with the company, The Telegraph has reported. Prior…
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16 August
Axing tourist tax would ease high street woes, says Pandora boss
Pandora UK&I general manager Rasmus Brix has said that in light of the cost-of-living crisis and ongoing train strikes, eliminating…
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16 August
Inflation falls for second consecutive month to 6.8%
Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as the energy price…
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16 August
Sales boom at Oliver Proudlock’s male jewellery brand Serge DeNimes
* Jewellery loving stars such as Harry Styles and Formula 1 driver Lewis Hamilton are inspiring a new generation of…
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16 August
H&M probes Myanmar factory labour abuses
H&M has reportedly launched an investigation into 20 alleged instances of labour abuse at Myanmar garment factories, according to Reuters.…
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16 August
EG Group offloads 63 convenience stores in the US
EG America, a subsidiary of EG Group, has agreed to sell 63 of its US convenience stores to convenience store…
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16 August
Asda sales up 9.6% to £5.4bn in Q2
Asda saw like-for-like sales increase 9.6% to £5.4bn in the second quarter, a 1.8% increase on the previous quarter as…
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