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 -23 March
Wickes FY profits fall despite growing sales
Wickes has revealed that pre-tax profits dropped to £40.3m after absorbing non-recurring costs of £35.1m, despite reporting a like-for-like increase…
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23 March
Ownership of business will ‘remain a constant’, says John Lewis chair
John Lewis chairwoman Sharon White has assured that employees’ ownership of the John Lewis Partnership will “remain a constant”, following…
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23 March
Ebay appoints new UK general manager
Ebay has promoted UK chief marketing officer Eve Williams to the role of vice president, general manager of its UK…
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22 March
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their…
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22 March
Porcelain Superstore’s sales rise to £16m
Online tile retailer Porcelain Superstore has reported a rise in sales to £15.9m from £15m in 2021, recording its eighth…
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22 March
Scotch & Soda files for bankruptcy for Dutch operations
Scotch and Soda has filed for bankruptcy for its Dutch operations after a structural cash flow deficit led to a…
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22 March
Nike Q3 revenues up 14% to $12.4bn
Sportswear brand Nike has announced that its Q3 revenues increased 14% to $12.4bn (£10bn) for the three months ended 28…
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22 March
Asda expands Claire’s partnership to 500 locations
Accessories and jewellery retailer Claire’s is partnering up with supermarket chain Asda to bring Claire’s products to more than 500…
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22 March
Currys raises staff pay for fourth time in 18 months
Currys has announced an additional rise for hourly paid store colleagues in the UK from £10.35 per hour to £10.50,…
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21 March
ScS reports ‘good strategic progress’ despite losses in H1
Furniture retailer ScS has reported making “good strategic progress” in the first half of the year, despite its loss before…
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