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 -13 April
LVMH revenues rise by 17% in Q1
LVMH, one of the world’s leading high quality products groups, has reported that revenues rose by 17% to €21bn (£18.5bn)…
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13 April
Sainsbury’s to restructure logistics operations
Sainsbury’s has announced that a major restructuring of its logistics operations will affect almost 7,000 staff throughout the UK. According…
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13 April
Tesco profits halve as inflation hits business
Tesco has seen its full-year profits plunge by 50.8% to £1bn, down from £2.03bn the prior year, as inflation took…
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12 April
VF Corporation unveils new Dickies global brand president
VF Corporation has appointed Todd Dalhausser, previously brand president of Altra, to the position of global brand president at Dickies…
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12 April
CBI sacks director general amid misconduct claims
The Confederation of British Industry (CBI) has dismissed its director general Tony Danker following allegations of misconduct. Last month, it…
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12 April
Games Workshop appoints new non-executive director
Miniature wargames manufacturer Games Workshop has recently announced the appointment of Mark Lam as non-executive director at the company. The…
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12 April
Sosandar swings to FY profit as revenues rise 44%
Sosandar is set to welcome its first full-year of profitability in what it called a “milestone” year for the group,…
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12 April
Marks Electrical revenues up 21.5%
Marks Electrical has seen its FY revenues jump 21.5% to £97.8m, up from £80.5m, for the 12 months ended 31…
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12 April
Footasylum to expand store portfolio amid increased demand
Footasylum, the retailer of fashion streetwear and sportswear, has announced its plans for a series of new store openings and…
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11 April
Tesco eyes supplier price cuts in bid to lead supermarket deflation
Tesco is reportedly set to push suppliers for price cuts as it looks to pass on lower prices to consumers…
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