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 -21 March
Kingfisher FY22 performance suffers amid strong FY21 comparables
Kingfisher has revealed its post tax profits fell 44% to £471m for the full-year period ended 31 January 2023. The…
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21 March
Screwfix acquires assets of Connect Distribution Services Limited
Screwfix, the omnichannel trade retailer and part of Kingfisher plc, has announced it has acquired the stock, intellectual property, contracts…
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21 March
British Land hails £120m in gross capital activity amid acquisitions
British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail…
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21 March
Amazon to axe a further 9,000 jobs
Amazon has plans to cut a further 9,000 jobs in the areas of cloud computing and advertising as a way…
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21 March
New Look places 70 head office roles at risk
Around 70 jobs could be at risk across New Look’s London and Weymouth head offices following a restructure of the…
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20 March
Former Ann Summers boss dies aged 62
British lingerie and sex toy retailer Ann Summers has recently announced the passing of its former chief executive, Jaqueline Gold…
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20 March
Morrisons cuts prices for third time amid Aldi battle
Morrisons has revealed that it has decided to cut its prices for the third time in three months as it…
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20 March
Home Bargains owner pockets £20m dividend despite falling profits
The billionaire owner of Home Bargains received more than £20m in dividends last year despite the company’s profits falling 26%,…
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20 March
John Lewis mulls end to 100% staff ownership structure
John Lewis is considering diluting its 100% staff ownership structure in a bid to raise investment after the business faced…
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20 March
Sweaty Betty CEO and COO to step down amid takeover
Sweaty Betty has revealed that chief executive Julia Straus and chief operating officer Mark Smith will be stepping down from…
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