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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May- 2023 -12 May
Rail strikes marginally impact footfall
Today’s rail strikes (12 May) have impacted footfall across the UK, with footfall down by -0.7% from last Friday. According…
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12 May
Peloton recalls over two million exercise bikes
Peloton is recalling more than two million of its exercise bikes Model PL01, following revelations that the seat post assembly…
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12 May
VF Corporation reshuffles EMEA leadership team
VF Corporation, a global leader in branded lifestyle apparel, footwear, and accessories, has recently announced new appointments to its EMEA…
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12 May
Prada net revenues jump 22% to €1.06bn
Prada has reported that its net revenues increased 22% to €1.06bn (£928m) YoY despite an uncertain macroeconomic environment, according to…
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12 May
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth…
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12 May
THG terminates takeover talks
THG has announced that it has terminated takeover talks with Apollo Global Management as it believes Apollo has undervalued the…
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12 May
Planet Organic owed creditors £12.5m before rescue deal
Planet Organic owed creditors more than £12.5m when it fell into administration last month, The Grocer has reported. According to…
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12 May
Adidas to sell remaining Yeezy stock
Adidas is set to sell some of its Yeezy stock and merchandise following the discontinuation of the Kanye West partnership,…
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12 May
Tesco CEO paid £4.4m last year despite cost of living crisis
Tesco’s annual report has revealed that its chief executive officer Ken Murphy was paid £4.4m last year, alongside an additional…
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11 May
Amazon workers make formal bid for CAC recognition
The GMB union has submitted a bid for formal recognition to the Central Arbitration Committee (CAC) for its members at…
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