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 -7 March
In The Style offloads business for £1.2m to avoid administration
Online fashion retailer In The Style has agreed to sell the business for just £1.2m as a way to avoid…
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7 March
CBI director-general to step aside amid misconduct allegations
The Confederation of British Industry (CBI) has announced that its director-general, Tony Danker, will be stepping away from his role…
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7 March
Greggs sales rise 23% in FY22
Greggs has welcomed a strong performance in FY22, with total sales up by 23% to £1.5bn, and like-for-like sales in…
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6 March
Waitrose eyes revamp of its 332 stores
Waitrose reportedly has plans for a major refurbishment programme across its 332 store estate facilitated by a series of cost…
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6 March
Victoria’s Secret sales fall 6% in FY22
Lingerie retailer Victoria’s Secret recently announced that sales for the full-year 2022 fell 6% compared to the previous year and…
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6 March
Starbucks to open 100 new stores as revenues increase 37%
Starbucks has announced plans to open 100 new stores in the UK after its revenues increased 37% to £449m for…
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6 March
Jobs at risk as Morrisons shifts to single maintenance supplier
Morrisons is reportedly planning to part ways with at least 83 maintenance suppliers and shift to one single supplier, in…
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6 March
WHSmith to target stationary market with new Curi.o.city stores
WH Smith has reportedly revealed plans to open a souvenir and stationery store called Curi.o.city as it looks to fill…
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6 March
Retail leaders criticise business rates reform
Retail bosses from M&S, Sainsbury’s and Currys have criticised the changes made to business rates, according to This is Money. …
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3 March
Onbuy ranked as Europe’s fastest growing e-commerce business
Online marketplace OnBuy.com has been ranked as Europe’s fastest-growing e-commerce business according to the FT 1000. The annual list from…
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