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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Sep- 2023 -13 September
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The…
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13 September
Inditex’s H1 profit before tax jumps 39%
Zara and Stradivarius owner Inditex has revealed that its profit before tax rose 39% to €3.3bn (£2.84bn) for the six…
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13 September
Westminster Council greenlights £90m Oxford Street revamp
Westminster City Council has formally approved the £90m Oxford Street overhaul, granting £7.7m for the first phase of design work,…
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13 September
John Lewis to add 20 new brands to Autumn collection
John Lewis is aiming to become the high street and online destination for contemporary fashion by adding 20 new brands…
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12 September
Poundland acquires up to 71 Wilko stores
Poundland owner Pepco Group has announced today (12 September 2023) that it has agreed with PwC to take control of…
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12 September
Aldi announces biggest round of price cuts on fruit and vegetables
Aldi, the UK’s cheapest supermarket, has recently lowered the prices on an extensive range of fruit and veg products. This…
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12 September
Wilko to close all remaining stores, 12,500 jobs at risk
Collapsed retail chain Wilko will close all of its 400 stores by early October after a rescue bid failed to…
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12 September
Wage growth starts to outpace rate of inflation
Pay growth has caught up with the rate of inflation for the first time in nearly two years, as wages…
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12 September
Primark owner ups guidance after 15% sales surge
Primark owner Associated British Foods (ABF) has raised its profit guidance after seeing better than expected results. The company now…
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12 September
A.F. Blakemore unveils new leadership team to leverage retail strength
A.F. Blakemore has announced changes to the leadership team to consolidate retail knowledge across its SPAR portfolio. Under the new…
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