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 -22 May
LK Bennett profits hit £30m amid spike in eventwear sales
LK Bennett has reported a 40% rise in its gross profit for the year ended January 2023 to over £30m,…
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19 May
Dobbies increases support for team members’ mental health
UK garden centre retailer Dobbies will be increasing the mental health support of its 4,000 team members by training more…
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19 May
Poundland to seek new London locations following Bow store refurb
Discount store chain Poundland has announced it is continuing to seek out locations in the M25 for its new store…
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19 May
John Allan to step down as Tesco chair amid personal conduct allegations
John Allan is set to step down as the chairman of Tesco following allegations regarding his personal conduct with colleagues. …
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19 May
Scottish shops report 10% decline in business rates
Scottish shops have seen a 10% drop in business rate bills, following a revaluation from the beginning of last month.…
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19 May
Unbound eyes sale as it seeks additional funding
Hotter Shoes owner Unbound Group has announced that it is looking to offload the company as its board of directors…
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19 May
A Day’s March opens new London store
Swedish label, A Day’s March, is to open new retail space housed across three storeys in London’s Soho this June.…
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19 May
Consumer confidence up by three points in May
GfK’s long-running consumer confidence index increased three points to -27 in May. The index measuring changes in personal finances during…
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19 May
Lucy & Yak to open four new stores
Lucy and Yak is reportedly set to expand its high street presence through the opening of four new stores this…
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19 May
Farfetch falls to £140m loss in Q1
Luxury fashion platform Farfetch revealed a loss after tax of $174m (£140m) for the first quarter ended 31 March 2023,…
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