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 -6 February
Mike Ashley eyes two shopping centres in £100m deal
Mike Ashley has lined up a £100m acquisition of two shopping centres, according to The Times. Frasers Group is in…
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6 February
Trade bodies urge Govt to reform ‘broken’ apprenticeship levy
Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the “broken”…
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6 February
Tesco exec Jason Tarry touted to replace Morrisons CEO
Tesco executive Jason Tarry has been identified as a potential replacement for Morrisons CEO David Potts, according to reports from…
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3 February
Screwfix closes in on 1,000 store target with 87 new sites in 2022
Trade retailer Screwfix is on track to reach its ambition to open more than 1,000 stores across the UK, Republic…
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3 February
Apple Q1 revenues fall 5% $117.2bn
Tech giant Apple has announced that its revenues for the first quarter ended 31 December 2022 dropped 5% to $117.2bn…
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3 February
JD to open up to 350 stores per year under new growth plan
JD Sports has announced it is planning to open 250 to 350 new stores per year in underpenetrated markets under…
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3 February
Amazon profits halve despite strong holiday sales
Amazon’s full-year profits halved to $12.2bn (£9.9bn) in FY22, as international sales fell 8% year-on-year to $34.5bn (£28.1bn). This comes…
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3 February
Canada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale…
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2 February
BoE raises interest rates to 4%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
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2 February
Superdry boss denies plans to take business private
Superdry founder and CEO Julian Dunkerton has announced that he has no plans to take the company private following media…
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