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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Mar- 2023 -30 March
Moonpig revenues remain unchanged at £320m in FY22
Moonpig has revealed that the group’s annual revenues for the financial year ending 30 April remain unchanged at roughly £320m,…
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29 March
Asda profits fall 24% to £886m amid attempts to mitigate inflation
Asda has revealed its full-year profits declined 24% to £886m during the 52-week period ending 31 December due to its…
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29 March
Aviva acquires Southampton retail park
Aviva Investors, the global asset manager of Aviva plc, has revealed it has acquired the Hedge End Retail Park in…
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29 March
American Golf appoints new CEO
International Leisure Group in conjunction with Endless LLP has announced Nigel Oddy as its newly appointed CEO. Oddy will succeed…
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29 March
Unbound Group shares surge amid possible takeover
Unbound Group saw its shares surge on Tuesday (28 March) after the clothing company announced a possible cash offer by…
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29 March
Next profits jump 5.7% to £870m amid anticipation of future decline
Next has announced that its pre-tax profits rose 5.7% to £870m, up from £823m, for the year ended 31 January…
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29 March
Next acquires Cath Kidston for £8.5m with job losses expected
Next has agreed to acquire the brand name, domain names and intellectual property of Cath Kidston for £8.5m, with job…
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29 March
Boots welcomes ‘record’ beauty sales over Christmas period
Boots has revealed that for the three months to 28 February, Christmas trading brought a “record-breaking” performance for its beauty…
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28 March
Supermarket sales up 8.6% as grocery inflation hits 17.5%
Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to…
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28 March
Matalan appoints new CEO and chair
Leading omnichannel fashion and homeware retailer Matalan has announced the appointment of Jo Whitfield OBE as CEO of the company…
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