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 -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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15 August
Supermarket sales slow as inflation falls
Overall take-home grocery sales increased by 6.5% in the four weeks to 6 August 2023, down from 10.4% last month,…
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15 August
M&S expects FY profit growth as it ups market share
M&S has stated that it expects to see profit growth for the full year after seeing continued market share growth…
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15 August
Wilko competitors consider bids for its estate
Wilko’s non-food market competitors Poundland, B&M, The Range and Home Bargains are reportedly among the companies looking to settle a…
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15 August
L’Occitane owner considers taking group private
The owner of L’Occitane is considering taking the business private in a move that has seen shares in the cosmetics…
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15 August
Summer holidays sees high street footfall up 4.8%
Footfall across all UK retail destinations increased by 0.7%, driven by high streets where footfall rose by +4.8% from the…
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