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 -1 March
Travis Perkins closes 19 stores as its profits fall 20% to £192m
DIY retailer and building material supplier Travis Perkins has revealed it reduced its store estate by 19 branches and axed…
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1 March
B&M announces store reshuffle
Discount retailer B&M has announced that it is closing a number of stores over the next few weeks not for…
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1 March
M&S set to increase salaries by 7% from April
British retailer M&S will raise the salary of more than 40,000 customer assistants by 7%, in a bid to help…
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1 March
Frasers seeks discounts from suppliers amid JD acquisitions
Frasers Group is reportedly seeking discounts on outstanding payments and spring/summer orders from its suppliers, Drapers has reported. According to…
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1 March
Sainsbury’s to shut two Argos depots by 2026
Sainsbury’s has announced its plans to close two Argos depots in Basildon, Essex, and Heywood, Manchester, by 2026, which will…
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Feb- 2023 -28 February
PM agrees new Brexit deal with EU for NI
Prime minister Rishi Sunak has agreed a deal with the head of the European Commission, Ursula von der Leyen, for…
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28 February
Grocery price inflation hits record 17% in February
Grocery price inflation rose to a record 17.1% in the four weeks to 19 February 2023, according to marketing data…
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28 February
Pippa Wicks steps down as John Lewis director
Pippa Wicks, the executive director of John Lewis, has announced she is standing down from the group with immediate effect. …
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28 February
Amazon workers to strike for second time
Workers at an Amazon warehouse in Coventry have begun a second day of industrial action in a dispute over pay…
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28 February
Ocado losses widen to £500m
Ocado Group has revealed its losses widened to £500m for the 52-week period ended 27 November 2022, as the online…
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