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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Jan- 2023 -11 January
ScS acquires Snugsofa.com out of administration
ScS has announced it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com from the administrators…
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11 January
Topps Tiles hails strong Q1 trading
Topps Tiles has reported a “strong Q1” with group sales up 10.2% year on year for the 13-weeks ended 31…
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11 January
Sainsbury’s raises profit outlook as sales jump 7.1%
Sainsbury’s has revealed that its total sales jumped 7.1% in the six weeks to January 6, boosting its Q3 like-for-like…
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10 January
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior…
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10 January
AO raises profit outlook despite 17% drop in Q3 revenues
Electronics retailer AO has raised its profit expectations for FY23 despite seeing a 17.2% decrease in revenues across its UK…
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10 January
The Fragrance Shop reports ‘record sales’ amid 11% increase
The Fragrance Shop has announced that it saw an 11.2% increase in underlying sales in the six weeks ending 31…
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10 January
Supermarkets see spending surge in final weeks of December
Total Till value growth at supermarkets increased to 10.9% from 7.6% in the final four weeks ending 31 December 2022,…
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10 January
Card Factory ups FY guidance amid strong Xmas sales
Card Factory has raised its full-year guidance following a year of “good momentum” across the business, with sales boosted by…
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9 January
Decathlon to introduce ‘movement breaks’ to boost staff wellbeing
Decathlon has introduced ‘movement breaks’ to all 1,655 of its members of staff in the UK to “improve mental wellbeing…
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9 January
MusicMagpie agrees online deal with Walmart
MusicMagpie, a refurbished consumer technology and disc media retailer that operates in the UK and US, has made its refurbished…
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