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 -11 August
Aldi lowers prices on over 30 products
Aldi has cut prices of more than 30 household grocery staples, marking the latest of more than 130 prices that…
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11 August
Tapestry acquires Versace owner for $8.5bn
The owner of Coach, Kate Spade and Stuart Weitzman, Tapestry Inc, has announced its acquisition of Capri Holdings, a global…
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11 August
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for…
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10 August
Bookshop.org hits £3m profit for indie bookshops
Bookshop.org, the self-described “ethical book-buying alternative to Amazon”, has revealed it has generated £3m in profit since its launch for…
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10 August
Watches of Switzerland sees revenues drop to £382m
Watches of Switzerland has announced that its revenues dropped 1% to £382m, down from £391m in Q1 2023, for the…
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10 August
M&S appoints all-women managers to run new M&S stores
M&S has appointed an all-women team of six managers to lead the openings of five brand-new M&S stores this year.…
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10 August
Marks Electrical revenues surge 31% in Q1
Online electrical retailer, Marks Electrical Group, revealed that revenue grew by 30.7% to £36.2m during the first quarter of FY24. …
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10 August
Farfetch to cut headcount amid restructure
Farfetch is reportedly making redundancies across both its London and New York teams amid a restructuring of the group, Drapers…
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9 August
Manchester martial arts clothing firm expands as sales double
* The Trafford Park firm, which specialises in stylish jiu jitsu sportswear kit, is global hit – shipping to more…
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9 August
Hirestreet launches first ever shoe rental collection with Schuh
UK rental platform Hirestreet has launched its first ever shoe rental offering as part of a new partnership with footwear…
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