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 -18 August
Armagh’s The Mall to undergo refurb under new management
The Mall Shopping Centre in the centre of Armagh centre, Northern Ireland, will undergo a refurbishment following its acquisition by…
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18 August
Poor weather drags down retail sales 1.2% in July
Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June…
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18 August
Tapestry sales falter amid waning demand in North America
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from…
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18 August
Farfetch profits and sales drop as its brand platform suffers
Farfetch has revealed its revenues decreased to $572.1m (£450.1m) from $579.3m (£455.7m) during Q2 2023, representing a year-over-year decrease of…
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18 August
H&M to phase out Myanmar suppliers after labour abuses probe
H&M has announced that it is planning to “gradually phase out” its operations in Myanmar following a report from the…
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17 August
Over 550,000 SMEs struggle to pay tax bills, study finds
More than 550,000 small and medium-sized businesses are currently struggling to pay tax bills, according to new research from Premium…
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17 August
Walmart International boss to step down
Walmart has announced its International president and CEO Judith McKenna is to step down from her role in order to…
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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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