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 -31 May
B&M FY profits fall by 17% to £436m
B&M has reported that pre-tax profits fell by 17% to £436m in FY23, down from £525m the prior year. Despite…
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31 May
Amazon launches new term-time contracts for parents
Amazon has launched an innovative new contract that offers parents, grandparents and guardians of school-age children the choice to work…
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30 May
Sainsbury to cut prices of over 40 products
Sainsbury’s has recently announced that it is cutting the price of over 40 products, including cheese, yoghurt and cream. The…
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30 May
GNG Group appoints commercial director
Mattress retailer GNG Group has announced the appointment of Richard Gretton to the role of commercial director at its West…
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30 May
Sunak considering plans to ask retailers to cap price of basic food items
Rishi Sunak is reportedly considering plans to ask retailers to cap prices on basic foods in an effort to reduce…
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30 May
Food price inflation falls to 15.4% in May
The British Retail Consortium (BRC) has revealed that food inflation has decreased for the first time this year to 15.4%…
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30 May
Asda acquires EG Group UK for £2.27bn
Asda has announced that it has acquired the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise…
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30 May
New Look names Deloitte to advise on £100m debt refinancing
New Look has reportedly appointed Deloitte to advise on its options for refinancing a £100m debt that is due to…
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26 May
Man City opens interactive store at Manchester Arndale
Manchester Arndale has announced that Manchester City is set to open the club’s new store in the former Pink unit…
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26 May
Greggs opens first concession with Sainsbury’s
Greggs and Sainsbury’s have recently teamed up to bring customers a new type of concession inside Sainsbury’s Biggleswade petrol station.…
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