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 -7 August
Morrisons trials support for British farmers in £2m investment
Morrisons has launched a new year-long trial to support farmers by underwriting 100% of the costs associated with growing crops…
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7 August
Clintons could close fifth of stores to remain trading
Clintons could reportedly be set to close around a fifth of its stores in order to keep the company solvent.…
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7 August
All Saints reports ‘record’ sales of £457m in FY23
All Saints has reported “record” sales and profit performance as it saw its total revenues increase 36% to £457.0m for…
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7 August
Wilko in need of over £70m in potential rescue deal
The prospective buyers of Wilko, the discount home goods retailer that is facing permanent closure, will have to invest upwards…
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7 August
M&Co owner acquires Evans
AK Retail Holdings, the owner of M&Co, has acquired plus size clothing brand Evans for an undisclosed sum. The acquisition…
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7 August
Card Factory ups profit outlook after positive H1
Greetings card retailer Card Factory has announced that it expects its profits for the year to be “materially ahead of…
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4 August
Pentland Brands to axe almost 100 roles
Pentland Brands has announced that it will cut almost 100 jobs at JD Sports, The Times has reported. This comes…
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4 August
Apple revenues drop 1% to $81.8bn in Q3
Apple has announced that its revenues dropped 1% year-on-year to $81.8bn (£64.4bn) for the third quarter ended 1 July 2023.…
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4 August
Retail sector accounted for 16% of UK administrations in 2023, study finds
The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in…
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4 August
M&S to refurbish Newcastle store as part of £13m investment
M&S has announced its plans to revamp its Newcastle city centre store following a £13m investment in its North East…
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