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.
-
Jun- 2023 -26 June
Primark owner ups FY guidance after strong Q3
Primark owner Associated British Foods has announced that it expects its adjusted operating profit for FY23 to be “moderately ahead…
Read More » -
26 June
Debenhams to launch new premium brands division
Debenhams has announced plans to launch a new division for premium brands on its website as it looks to become…
Read More » -
26 June
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other…
Read More » -
26 June
Supermarket leaders to be questioned over rising prices
Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food…
Read More » -
23 June
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and…
Read More » -
23 June
Hotel Chocolat expects to deliver marginal loss for FY23
Hotel Chocolat has announced that it anticipates to deliver an underlying marginal loss before tax for FY23, despite cash generation…
Read More » -
23 June
Poundland accelerates grocery rollout
Poundland has today announced its plans to accelerate its grocery rollout to more stores across the country. The discount retailer…
Read More » -
23 June
Bank holidays boost May retail sales
Retail sales volumes are estimated to have risen by 0.3% in May 2023, beating analysts’ forecasts amid a welcomed boost…
Read More » -
23 June
Morrisons sales jump 3.1% to £3.7bn
Morrisons has revealed that its quarterly sales increased 3.1% to £3.7bn in the 13 weeks ending 30 April 2023, with…
Read More » -
23 June
Unbound Group eyes restructuring plan as sale hopes falter
Unbound Group, the owner of Hotter Shoes, is reportedly mulling plans to commence a restructuring process as hopes of a…
Read More »
