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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Jul- 2023 -4 July
CMA issues £60,000 fine to Asda over fuel price probe failure
The Competitions and Market Authority (CMA) has fined Asda £60,000 for failing to provide information for its fuel pricing probe…
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4 July
Morrisons to close Bradford manufacturing site, 450 jobs at risk
Retail trade union USDAW has been briefed by Morrisons about its intention to close the Bradford manufacturing site at Cutler…
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4 July
Sainsbury’s returns to growth in Q1 as food inflation falls
Sainsbury’s welcomed a return to volume growth and strengthening market share outperformance in Q1, largely driven by a strong grocery…
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3 July
The Vampire’s Wife served winding up petition by HMRC
The Vampire’s Wife has been issued with a winding up petition from HMRC on Friday (30 June), according to filings…
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3 July
M&S launches first back-to-school partnership with Oxfam and Ebay
Marks and Spencer has announced the expansion of its long-standing Shwopping partnership with Oxfam for the back-to-school season with dedicated…
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3 July
Salvatore Ferragamo CFO to depart
Luxury Italian retailer Salvatore Ferragamo has revealed that its CFO Alessandro Corsi is to step down from his role effective…
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3 July
Tesco appoints Burberry chair to replace John Allan
Tesco has appointed the chair of Burberry, Dr Gerry Murphy, as its new chairman, who will replace John Allan in…
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3 July
Mulberry turns down Mike Ashley’s attempt to join board
Mulberry has reportedly rejected Mike Ashley’s efforts to join its board, according to The Times. It is understood that in…
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3 July
JD Sports signs first franchise deal with GMG
JD Sports has signed its first franchise agreement in partnership with GMG, a Dubai-headquartered well-being company operating leading brands across…
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3 July
Retail insolvencies rise by 56% to record high
The number of retail business insolvencies jumped 56% in the past year to hit 1,942, up from 1,243 in 2021/22,…
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