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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May- 2023 -10 May
UK footfall falls 13% on Coronation Day but London welcomes boost
Last week saw mixed results for retailers as footfall dropped by 13.2% from results in 2022 on Coronation Day (6…
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10 May
Ikea opens new 452,000 sq ft Dartford distribution centre
Ikea UK has recently opened a new 452,000 sq ft customer distribution centre in Dartford, Kent. This new multi-million pound…
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9 May
Regulator to investigate Joules auditor Deloitte
The Financial Reporting Council (FRC) has launched an investigation in relation to Deloitte’s audit of clothing retailer Joules. The investigation…
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9 May
Under Armour FY revenues rise by 3% to $1.4bn
Sportswear company Under Armour has reported that full-year revenues rose by 3% to $5.9bn (£4.6bn), with fourth quarter revenues up…
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9 May
M&S to further fund Nobody’s Child growth
Marks and Spencer has announced its plans to further fund the eco-conscious fashion brand Nobody’s Child as it continues to…
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9 May
Coronation Day footfall down by 20%
On Coronation Day, footfall across all UK retail destinations was -20.6% lower than the previous Saturday, and -24.6% lower between…
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9 May
Lidl to add over 1,500 warehouse staff amid new distribution centre plans
Lidl GB has announced that it is recruiting over 1,500 warehouse colleagues across its existing regional distribution centre (RDC) network,…
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9 May
JD Sports set to acquire Courir for £452.6m
JD Sports has announced that it has entered into exclusive talks to acquire French retailer Courir in a £452.6m deal.…
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9 May
Retail sales rise 5.1% in April
Total retail sales increased by 5.1% in April 2023, against a decline of 0.3% in the same month last year,…
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9 May
John Lewis council to vote on chair’s strategy
John Lewis Partnership employees will reportedly be given the opportunity to vote on chair Sharon White’s leadership this week, The…
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