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 -16 March
John Lewis axes bonus as losses surge to £234m
John Lewis has seen losses plummet to £234m in its full-year results, down from a loss of £27m the prior…
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15 March
Spring Budget: Corporation tax to rise to 25%
Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a…
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15 March
Liverpool One hails sales performance
Grosvenor has revealed that Liverpool One has “bucked national trends” since the start of 2023, with a 16.5% uplift in…
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15 March
Asda’s purchase of Co-op’s petrol stations could increase prices, CMA finds
The Competition and Markets Authority (CMA) has revealed that Asda’s acquisition of 132 petrol stations owned by Arthur Foodstores Limited…
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15 March
H&M Q1 net sales up 12%
H&M has announced that its net sales for the period between 1 December 2022 and 28 February 2023 rose 12%…
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15 March
Zara owner sales jump 17.5% in FY22
Inditex, the parent company of high street retailer Zara, has revealed that sales reached €32.6bn (£28.7bn) in FY22, an increase…
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15 March
Burberry appoints new chief financial officer
Burberry has announced the appointment of Kate Ferry as chief financial officer and executive director. By early September 2023, Ferry…
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15 March
M&S rolls out Nobody’s Child pop-ups across 30 stores
Marks and Spencer is set to roll out fashion brand Nobody’s Child to 30 stores across the UK from March…
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14 March
Severe weather sees footfall drop 7%
Footfall across UK retail destinations declined by -7% last week due to “severe” weather conditions, a far greater decline than…
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14 March
Mamas & Papas partners with Kit & Kin to promote eco-friendly products
Nursery brand Mamas & Papas has announced a partnership with Kit and Kin’s eco range starting from Monday 13th March.…
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