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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Apr- 2023 -25 April
Authentic Brands Group to acquire Vince IP
Authentic Brands Group (Authentic), has entered into a strategic partnership with Vince Holding Corp. (VNCE) to acquire the Vince brand…
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25 April
Grocery price inflation dips as Aldi secures 10% market share
Grocery price inflation rose by 17.3% in the four weeks to 16 April 2023, down marginally on the 17.5% recorded…
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25 April
JD Sports appoints two new directors to board
JD Sports has appointed Angela Luger and Darren Shapland as its newest non-executive directors, with effect from 1 June 2023. …
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25 April
Primark H1 sales rise 19% to £4.2bn
Associated British Foods (ABF), Primark’s parent company, has revealed that sales rose at the high street fashion retailer by 19%…
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25 April
Zalando launches virtual fitting rooms
Zalando, one of Europe’s leading platforms for fashion and lifestyle, is piloting a virtual fitting room experience with millions of…
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24 April
Lidl continues search for new sites
Lidl GB has set out its intentions to expand its store estate across the country with a list of priority…
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24 April
Coronation weekend to boost footfall by 4%
The Coronation weekend is set to boost footfall by 4.0% compared to 2022 across all UK retail destinations, MRI Springboard…
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24 April
Gymshark profits slip by 38.7% in FY22
Gymshark has revealed that its profits slipped by 38.7% for the year ended 31 July 2022, citing soaring production costs…
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24 April
Kering set to pay £13m rent for Bond Street store
Luxury retailer Kering is set to pay £13m or more per year for a new Yves Saint Lauren store on…
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24 April
Retail profit warnings fall to lowest level since 2020
UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022…
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