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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Jun- 2023 -20 June
Gear4music falls to £0.4m loss in FY23
Gear4music has reported a loss after tax of £0.4m for the full year ended 31 March 2023, despite its revenue…
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20 June
John Lewis writes down head office by £15m
John Lewis Partnership has reportedly written down the value of its head office in Victoria, London by £15.6m, amid a…
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20 June
Next ups FY guidance as sales improve due to good weather
Next is upgrading its full price sales guidance for the full year by £137m and its full year profit guidance…
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19 June
Boohoo plans for boardroom coup at Revolution Beauty
Boohoo has announced that it has notified the board of Revolution Beauty of its intention to vote against the reappointment…
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19 June
Damian Hopkins awarded CBE for services to retail
Damian Hopkins, the founder and CEO of PDS Radius Brands, has been awarded the honour of CBE, in King Charles…
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19 June
Morrisons invests £26m in sixth course of price cuts
Morrisons has announced that it will spend £26m on cutting prices in its stores for the sixth time this year.…
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19 June
B&Q to cut energy costs by dimming lights in stores
B&Q is reportedly set to dim lights and lower temperatures in stores in order to cut energy costs and avoid…
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19 June
Wilko landlords could face no rent for three years under CVA
Some landlords of Wilko stores could reportedly receive no rent for three years, as the chain looks to make drastic…
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19 June
John Lewis property director steps down
John Lewis Partnership’s property director, Chris Harris, has decided to step down from November after five years with the business.…
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19 June
Fanatics acquires Fexpro to expand business in Latin America
Fanatics, a global digital sports platform and provider of licensed sports merchandise, has completed its acquisition of Fexpro, a leading…
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