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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Feb- 2023 -24 February
Farfetch CFO to stand down amid slowing revenues
Farfetch has announced that the group’s chief financial officer, Elliot Jordan, will step down by the end of 2023, after…
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23 February
Former Co-op chief emerges as frontrunner to become Matalan CEO
Jo Whitfield, the former Co-op supermarkets chief, has reportedly emerged as a frontrunner to run Liverpool-based fashion retailer brand Matalan,…
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23 February
Angling Direct revenues see uptick in FY23
Angling Direct has seen revenues rise by 2.2% to £74.1m in FY23, in line with expectations, as sales rose despite…
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23 February
TK Maxx owner sees Q4 net sales hit $14.5bn
TJX Companies, parent company of discount clothes retailer TK Maxx, has announced a 5% increase in net sales to $14.5bn…
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23 February
N Brown appoints new CFO
UK-based clothing and footwear retailer N Brown has announced the appointment of Dominic Appleton as the brand’s new chief financial…
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22 February
Fortnum & Mason chief urges Sunak to seal NI trade deal
Fortnum and Mason chief executive Tom Athron has reportedly urged Sunak to seal a deal with Brussels on post-Brexit trade…
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22 February
Paperchase to shut all stores after failure to find buyer
Paperchase’s remaining 106 stores will be closing, The Times has reported, after its administrators failed to find a buyer for…
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22 February
Zalando to cut hundreds of jobs amid challenging environment
European online fashion retailer Zalando has revealed it is set to cut hundreds of jobs as part of cost-saving measures…
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22 February
Original Factory Shop offers interviews to laid off Wilko staff
The Original Factory Shop has announced that it will guarantee an interview to anyone who is at risk of or…
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22 February
Asda and Morrisons ration fruit and veg amid supply shortages
Asda and Morrisons have restricted the amount of certain fruit and vegetables that customers can purchase amid ongoing supply shortages…
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