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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Apr- 2023 -14 April
Uniqlo owner sees profits rise 16% to £1.3bn
Uniqlo owner Fast retailing has recorded a 16% rise in operating profit to ¥220bn (£1.3bn) during the first six months…
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14 April
Superdry lowers guidance as sales fall ‘below expectations’
Superdry has lowered its FY23 guidance to £615m-£635m after sales in February and March were “below expectations”. The company stated…
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14 April
AO lifts full-year guidance after cutting costs
AO World has said it is confident its full-year profits will be at the top end of its previous guidance…
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14 April
Asda to offer a paid day off for King’s coronation
Asda has recently announced that any hourly paid store workers scheduled to work on bank holiday Monday (8 May), will…
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14 April
Dr Martens downgrades FY guidance amid higher costs
Dr Martens has downgraded the group’s FY23 guidance with EBITDA now expected to be around £245m due to higher costs…
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13 April
Holland and Barrett eyes move for Planet Organic
Health foods chain Holland and Barrett is reportedly weighing up a last minute rescue deal for Planet Organic, according to…
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13 April
UK economy flatlines in Feb
Real gross domestic product (GDP) is estimated to have shown no growth in February 2023, where falls in services and…
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13 April
BRC calls for business rates freeze amid Labour’s high street rescue plan
The British Retail Consortium has responded to Labour’s five-point plan to revitalise high streets by calling for a permanent freeze…
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13 April
LVMH revenues rise by 17% in Q1
LVMH, one of the world’s leading high quality products groups, has reported that revenues rose by 17% to €21bn (£18.5bn)…
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13 April
Sainsbury’s to restructure logistics operations
Sainsbury’s has announced that a major restructuring of its logistics operations will affect almost 7,000 staff throughout the UK. According…
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